Covestor Ltd Sells 6,376 Shares of Intel Corporation $INTC

Covestor Ltd lowered its position in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 82.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,370 shares of the chip maker's stock after selling 6,376 shares during the quarter. Covestor Ltd's holdings in Intel were worth $191,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in INTC. Sivia Capital Partners LLC boosted its holdings in Intel by 271.7% during the second quarter. Sivia Capital Partners LLC now owns 34,201 shares of the chip maker's stock worth $766,000 after purchasing an additional 25,001 shares during the last quarter. United Bank bought a new stake in Intel during the 2nd quarter worth about $205,000. Gamco Investors INC. ET AL lifted its position in Intel by 12.3% during the 2nd quarter. Gamco Investors INC. ET AL now owns 13,737 shares of the chip maker's stock worth $308,000 after buying an additional 1,508 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of Intel by 29.6% during the 2nd quarter. NewEdge Advisors LLC now owns 158,277 shares of the chip maker's stock worth $3,545,000 after buying an additional 36,116 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in shares of Intel by 9.9% during the 2nd quarter. Sei Investments Co. now owns 828,352 shares of the chip maker's stock worth $18,556,000 after buying an additional 74,838 shares during the last quarter. 64.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on INTC. Moffett Nathanson downgraded Intel to a "neutral" rating in a research report on Thursday, June 11th. Cantor Fitzgerald reduced their price target on Intel from $150.00 to $125.00 and set a "neutral" rating for the company in a research report on Friday, July 24th. BTIG Research upgraded Intel from a "neutral" rating to a "buy" rating in a research note on Thursday, June 11th. Northland Securities lowered Intel from an "outperform" rating to a "market perform" rating in a research report on Tuesday, May 26th. Finally, Robert W. Baird upped their price objective on Intel from $75.00 to $125.00 and gave the stock a "neutral" rating in a research note on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, thirty-one have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $107.46.

Intel Price Performance

NASDAQ:INTC opened at $92.09 on Friday. Intel Corporation has a 12-month low of $23.68 and a 12-month high of $142.35. The firm has a market capitalization of $464.50 billion, a price-to-earnings ratio of -43.64 and a beta of 2.22. The stock's 50 day moving average price is $105.53 and its two-hundred day moving average price is $86.37. 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 (NASDAQ:INTC - Get Free Report) last posted its earnings results on Thursday, July 23rd. The chip maker reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.21 by $0.21. Intel had a positive return on equity of 2.62% and a negative net margin of 19.79%.The business had revenue of $16.13 billion for the quarter, compared to analyst estimates of $14.43 billion. During the same period in the previous year, the firm earned ($0.10) EPS. The firm's revenue was up 25.2% compared to the same quarter last year. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. On average, analysts anticipate that Intel Corporation will post 1 earnings per share for the current year.

Trending Headlines about Intel

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Strong Nvidia results lifted the sector. Nvidia’s blowout quarter and projection for roughly 70% revenue growth in fiscal 2028 reinforced that AI demand remains far above available supply. Investors bid up related semiconductor names, including Intel, as CPUs and other infrastructure components are expected to benefit from expanded AI deployments. Why Is Intel Stock Surging on Thursday?
• Positive Sentiment: Potential U.S. chip tariffs increased Intel’s strategic appeal. Reports of broad tariffs on imported chips encouraged speculation that Intel, as a U.S.-based manufacturer and foundry candidate, could receive additional policy support or gain a competitive advantage. Why Is Intel Stock Surging on Thursday?
• Positive Sentiment: An Advantech connection highlighted Intel’s AI infrastructure ambitions. The relationship points to potential progress placing Intel chips and platforms into AI infrastructure and edge-computing applications, though financial details were not provided. Intel Stock Gains with New Advantech Connection
• Positive Sentiment: Congressional buying added bullish publicity. Nancy Pelosi reportedly purchased Intel shares and call options, potentially attracting momentum-oriented investors, although the transaction does not change Intel’s fundamentals. Nancy Pelosi Buys Intel
• Neutral Sentiment: Intel’s first-half operating cash flow rose sharply to $8.1 billion, but heavy capital spending continues to pressure free cash flow. Intel Sees Strong Cash Flow Growth
• Negative Sentiment: Analyst warnings about intense competition and uncertainty surrounding Intel’s turnaround remain a risk. The company’s previously reported roughly $20 billion equity offering also creates dilution concerns and helps explain the stock’s wide valuation swings. Simon Leopold Offers Warning

Insider Buying and Selling

In related news, CEO Lip Bu Tan acquired 105,263 shares of the firm's stock in a transaction on Tuesday, August 11th. The shares were purchased at an average cost of $95.00 per share, for a total transaction of $9,999,985.00. Following the completion of the acquisition, 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 purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.05% of the stock is currently owned by company insiders.

Intel 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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