Citizens Financial Group Inc. RI Increases Holdings in Intel Corporation $INTC

Key Points

• Citizens Financial Group increased its Intel stake by 23.5% in the second quarter, owning 96,851 shares valued at approximately $13.5 million. Institutional investors collectively own 64.53% of Intel.
• Intel CEO Lip-Bu Tan purchased 105,263 shares for roughly $10 million at $95 per share, signaling management confidence despite the stock later trading below that price.
• Analysts maintain a consensus “Hold” rating with an average price target of $107.46; Intel’s latest quarterly results beat expectations, but ongoing foundry losses and execution risks remain concerns.

Citizens Financial Group Inc. RI raised its holdings in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 23.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 96,851 shares of the chip maker's stock after acquiring an additional 18,417 shares during the quarter. Citizens Financial Group Inc. RI's holdings in Intel were worth $13,523,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in INTC. iA Global Asset Management Inc. lifted its holdings in Intel by 17.0% during the 4th quarter. iA Global Asset Management Inc. now owns 593,043 shares of the chip maker's stock worth $21,883,000 after buying an additional 86,189 shares during the last quarter. Whalerock Point Partners LLC purchased a new position in shares of Intel in the 4th quarter valued at about $205,000. Dixon Mitchell Investment Counsel Inc. purchased a new position in shares of Intel in the 4th quarter valued at about $185,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Intel by 5.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 255,261 shares of the chip maker's stock worth $9,419,000 after acquiring an additional 13,858 shares in the last quarter. Finally, Legal & General Group Plc raised its position in shares of Intel by 1.3% during the 4th quarter. Legal & General Group Plc now owns 34,012,894 shares of the chip maker's stock worth $1,255,076,000 after acquiring an additional 423,481 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company's stock.

Insider Buying and Selling

In other Intel news, CEO Lip Bu Tan purchased 105,263 shares of the firm's stock in a transaction that occurred on Tuesday, August 11th. The stock was purchased at an average price of $95.00 per share, for a total transaction of $9,999,985.00. Following the purchase, the chief executive officer directly owned 1,314,669 shares in the company, valued at approximately $124,893,555. This trade represents a 8.70% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.05% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on INTC shares. Wolfe Research started coverage on Intel in a report on Thursday, June 11th. They issued a "peer perform" rating for the company. Piper Sandler assumed coverage on shares of Intel in a report on Thursday, June 11th. They set a "neutral" rating on the stock. Needham & Company LLC restated a "hold" rating on shares of Intel in a research report on Friday, July 24th. TD Cowen upped their target price on shares of Intel from $75.00 to $115.00 and gave the company a "hold" rating in a report on Monday, July 13th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $100.00 target price on shares of Intel in a research report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, thirty-one have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $107.46.

More Intel News

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Chief Executive Officer Lip-Bu Tan reportedly purchased approximately $10 million of Intel stock at $95 per share earlier this month. The shares now trade below that level, making the purchase a potential signal of management’s confidence in Intel’s turnaround. Intel CEO insider purchase article
• Positive Sentiment: Fundstrat ETFs added Intel to a quarterly rebalance, which could provide incremental institutional demand and reflects improving sentiment toward the chipmaker. Fundstrat ETF rebalance article
• Positive Sentiment: Intel has gained attention from investors following reports of a new Advantech connection and its potential role in AI infrastructure. Strong Nvidia results also reinforced expectations that demand for data-center and AI-related hardware remains robust. Intel Advantech connection article
• Neutral Sentiment: Reports that investor Nancy Pelosi bought Intel shares and call options may support retail and political-investor interest, but the trade does not change Intel’s operating outlook. Nancy Pelosi Intel investment article
• Negative Sentiment: Intel’s manufacturing operations reportedly continue to lose money on wafers, much of which are sold internally. The stock’s elevated valuation appears to assume that the foundry business eventually becomes profitable, leaving substantial execution risk if losses persist. Intel manufacturing losses article
• Negative Sentiment: Intel is also being pressured by broad semiconductor profit-taking after Nvidia’s earnings-fueled rally. Raymond James reportedly prefers AMD over Intel among the two AI-exposed CPU companies, highlighting competitive concerns and uncertainty over Intel’s ability to convert AI demand into durable growth. Semiconductor profit-taking article

Intel Trading Down 2.8%

INTC opened at $89.47 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.60 and a debt-to-equity ratio of 0.47. Intel Corporation has a 52 week low of $23.68 and a 52 week high of $142.35. The business's 50 day moving average is $104.64 and its two-hundred day moving average is $86.39. The firm has a market cap of $451.29 billion, a price-to-earnings ratio of -42.40 and a beta of 2.22.

Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The chip maker reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.21. The business had revenue of $16.13 billion during the quarter, compared to the consensus estimate of $14.43 billion. Intel had a positive return on equity of 2.62% and a negative net margin of 19.79%.The company's revenue was up 25.2% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.10) earnings per share. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. On average, research analysts predict that Intel Corporation will post 1 EPS for the current year.

Intel Company Profile

Intel Corporation, founded in 1968 by Robert Noyce and Gordon E. Moore and headquartered in Santa Clara, California, is a leading global designer and manufacturer of semiconductor products. The company is historically notable for introducing the first commercial microprocessor and for driving the x86 architecture that underpins many personal computers and servers. Intel's core business spans the design, fabrication and marketing of processors, chipsets and related components for a wide range of computing applications.

Intel's product portfolio includes client and mobile processors marketed under brands such as Intel Core and Pentium, as well as high-performance Xeon processors for data centers and cloud infrastructure.

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