Delta Asset Management LLC TN Reduces Stock Position in Intel Corporation $INTC

Key Points

• Delta Asset Management LLC TN cut its Intel stake by 76.3% in the second quarter, selling 84,454 shares and retaining 26,259 shares worth approximately $3.67 million.
• Intel’s stock rose 4.5% amid stronger data-center demand and bullish AI-related expectations, while the company reported quarterly revenue of $16.13 billion and EPS of $0.42, both ahead of analyst estimates.
• Despite positive momentum and CEO Lip-Bu Tan’s nearly $10 million stock purchase, analysts remain cautious: Intel carries a consensus “Hold” rating with an average price target of $107.01, and Mizuho recently reduced its target to $92.

Delta Asset Management LLC TN lessened its stake in Intel Corporation (NASDAQ:INTC - Free Report) by 76.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,259 shares of the chip maker's stock after selling 84,454 shares during the period. Delta Asset Management LLC TN's holdings in Intel were worth $3,667,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in INTC. State Street Corp lifted its holdings in Intel by 2.8% in the fourth quarter. State Street Corp now owns 208,536,784 shares of the chip maker's stock valued at $7,695,007,000 after acquiring an additional 5,714,400 shares during the period. Capital World Investors grew its stake in Intel by 20.3% during the fourth quarter. Capital World Investors now owns 104,060,268 shares of the chip maker's stock valued at $3,839,833,000 after acquiring an additional 17,557,147 shares in the last quarter. Geode Capital Management LLC grew its holdings in Intel by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 101,931,512 shares of the chip maker's stock valued at $3,744,406,000 after buying an additional 3,124,798 shares in the last quarter. Primecap Management Co. CA purchased a new position in shares of Intel during the 2nd quarter worth about $10,507,291,000. Finally, Morgan Stanley grew its holdings in Intel by 20.4% during the 4th quarter. Morgan Stanley now owns 65,249,269 shares of the chip maker's stock valued at $2,407,698,000 after purchasing an additional 11,056,090 shares during the last quarter. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

More Intel News

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Dell’s strong server performance supported Intel’s data-center outlook. Dell reported a 122% increase in server revenue, prompting analysts to argue that demand for Intel CPUs is accelerating as AI infrastructure requires a substantial number of traditional processors alongside GPUs. Intel stock rises as Dell earnings point to CPU demand
• Positive Sentiment: A bullish $200 price target added momentum. Global Equities Research analyst Trip Chowdhry identified Intel as a direct beneficiary of rising CPU-to-GPU ratios in AI clusters, the continued enterprise presence of x86 processors and the potential of Intel’s Clearwater Forest architecture. The target implies substantial upside, although it is an individual analyst forecast rather than a consensus estimate. Dell earnings and Intel CPU demand
• Positive Sentiment: Estimate revisions have been trending higher. Analysts cited AI demand, manufacturing improvements and growth in custom silicon as potential offsets to supply constraints and competitive pressure. Intel’s recent revenue growth and plans for more than $20 billion in 2026 capital spending also reinforce the long-term recovery narrative. Intel estimate revisions
• Neutral Sentiment: Semiconductor-sector strength provided a broad-market tailwind. Intel, AMD and Nvidia advanced even as stronger employment data increased expectations for a possible Federal Reserve rate hike. Separate commentary arguing that Nvidia’s earnings reduced fears of an AI spending bubble also helped maintain investor interest in chip stocks. Chip stocks rise despite rate concerns
• Negative Sentiment: Mizuho lowered its Intel price target to $92 from $109 and maintained a Hold rating. The analyst warned that weaker PC demand and near-term margin pressure could limit the benefit from Intel’s AI-related growth. Nvidia’s expanding server CPU business also remains a competitive risk. Mizuho lowers Intel price target

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. TD Cowen upped their target price on Intel from $75.00 to $115.00 and gave the company a "hold" rating in a research note on Monday, July 13th. Susquehanna upped their price objective on shares of Intel from $80.00 to $115.00 and gave the stock a "neutral" rating in a research note on Thursday, July 16th. Cantor Fitzgerald cut their target price on shares of Intel from $150.00 to $125.00 and set a "neutral" rating on the stock in a research report on Friday, July 24th. Stifel Nicolaus reduced their price target on shares of Intel from $120.00 to $110.00 and set a "hold" rating for the company in a report on Friday, July 24th. Finally, New Street Research upped their price target on shares of Intel from $100.00 to $122.00 in a research report on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, thirty-one have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $107.01.

Intel Stock Up 4.5%

Intel stock opened at $95.80 on Friday. Intel Corporation has a 1-year low of $24.05 and a 1-year high of $142.35. The business has a fifty day moving average price of $100.45 and a 200-day moving average price of $87.91. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.60 and a quick ratio of 1.25. The stock has a market capitalization of $483.22 billion, a price-to-earnings ratio of -45.40, a PEG ratio of 10.58 and a beta of 2.22.

Intel (NASDAQ:INTC - Get Free Report) last announced its earnings results on Thursday, July 23rd. The chip maker reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $16.13 billion for the quarter, compared to analyst estimates of $14.43 billion. During the same period in the prior year, the company posted ($0.10) EPS. The firm's quarterly 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. Equities research analysts forecast that Intel Corporation will post 1.01 EPS for the current fiscal year.

Insider Buying and Selling at Intel

In other Intel news, CEO Lip Bu Tan purchased 105,263 shares of the company's stock in a transaction dated Tuesday, August 11th. The shares were acquired at an average price of $95.00 per share, for a total transaction of $9,999,985.00. Following the completion of the purchase, the chief executive officer owned 1,314,669 shares of the company's stock, valued at approximately $124,893,555. The trade was a 8.70% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.05% of the company's stock.

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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