Elevation Point Wealth Partners LLC Takes $12.94 Million Position in Intel Corporation $INTC

Key Points

• Elevation Point Wealth Partners acquired 92,657 Intel shares worth approximately $12.94 million in the second quarter, while institutional investors collectively own 64.53% of the company.
• Intel reported stronger-than-expected quarterly results, with $16.13 billion in revenue, up 25.2% year over year, and adjusted EPS of $0.42 versus the $0.21 consensus estimate.
• Investor sentiment remains mixed: potential foundry demand and CEO Lip-Bu Tan’s roughly $10 million insider purchase support the stock, but competitive pressure, foundry losses and uncertain AI revenue remain key risks. Analysts’ consensus rating is Hold, with an average price target of $107.46.

Elevation Point Wealth Partners LLC acquired a new position in Intel Corporation (NASDAQ:INTC - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 92,657 shares of the chip maker's stock, valued at approximately $12,938,000.

Several other institutional investors also recently made changes to their positions in INTC. Financially Speaking Inc increased its holdings in shares of Intel by 69.2% in the 4th quarter. Financially Speaking Inc now owns 682 shares of the chip maker's stock valued at $25,000 after purchasing an additional 279 shares in the last quarter. Financial Life Planners acquired a new position in Intel during the first quarter worth about $25,000. Glynn Capital Management LLC acquired a new position in Intel during the second quarter worth about $29,000. Knuff & Co LLC purchased a new position in Intel in the second quarter valued at about $29,000. Finally, Swiss RE Ltd. purchased a new position in Intel in the fourth quarter valued at about $29,000. 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: Reports that South Korean memory-chip maker SK Hynix was considering Intel Foundry to manufacture base dies for next-generation HBM4E memory initially boosted hopes for a major external customer and validated Intel’s manufacturing ambitions. CEO Lip-Bu Tan’s reported purchase of roughly $12 million in Intel shares also signaled management confidence. Intel Stock Notches Up as SK Hynix Considers New Deal
• Positive Sentiment: Intel could benefit from the rapid expansion of AI infrastructure and from large-scale chip-production projects in the United States, including Elon Musk’s reported planned facility near Houston. More domestic manufacturing demand would support the strategic rationale for Intel’s foundry investments, though the project is not confirmed as an Intel contract. Elon Musk Is Spending $119 Billion on a Single Building Outside Houston
• Neutral Sentiment: SK Hynix subsequently denied the reported HBM4E partnership, removing the immediate catalyst and underscoring that Intel’s potential foundry wins remain uncommitted. SK Hynix Denies Report of Intel Foundry Partnership
• Negative Sentiment: Analysts continue to question whether AI-related revenue can arrive quickly enough to offset Intel’s rising capital spending and foundry losses. Outside customers currently contribute little foundry revenue, making utilization and execution key risks for the stock. Intel Stock Is Paying Now for Revenue Due Later
• Negative Sentiment: Competitive concerns remain: coverage argues AMD continues to take share from Intel, while Nvidia’s strong growth in newer data-center products could further pressure Intel’s position in AI hardware. AMD: Still Eating Intel's Lunch

Insider Buying and Selling at Intel

In related news, CEO Lip Bu Tan acquired 105,263 shares of the stock in a transaction dated Tuesday, August 11th. The stock was bought at an average cost of $95.00 per share, with a total value of $9,999,985.00. Following the purchase, the chief executive officer directly owned 1,314,669 shares of the company's stock, valued at approximately $124,893,555. This represents a 8.70% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.05% of the stock is currently owned by company insiders.

Intel Stock Up 0.0%

Shares of NASDAQ:INTC opened at $89.51 on Tuesday. Intel Corporation has a 12-month low of $23.68 and a 12-month high of $142.35. The stock's 50-day moving average price is $103.61 and its two-hundred day moving average price is $86.94. The company has a current ratio of 1.60, a quick ratio of 1.25 and a debt-to-equity ratio of 0.47. The firm has a market cap of $451.49 billion, a price-to-earnings ratio of -42.42, a PEG ratio of 9.89 and a beta of 2.22.

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

Analysts Set New Price Targets

Several brokerages have recently commented on INTC. Arete Research boosted their price target on Intel from $20.40 to $99.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 10th. Weiss Ratings cut Intel from a "hold (c-)" rating to a "sell (d+)" rating in a report on Tuesday, August 18th. Jefferies Financial Group began coverage on Intel in a research report on Thursday, June 11th. They set a "buy" rating on the stock. Seaport Research Partners reissued a "buy" rating and issued a $125.00 target price on shares of Intel in a report on Friday, July 24th. Finally, Wall Street Zen cut Intel from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating, fifteen have given 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 presently has a consensus rating of "Hold" and an average target price of $107.46.

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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