Engineers Gate Manager LP Acquires 113,546 Shares of Intel Corporation $INTC

Engineers Gate Manager LP raised its holdings in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 1,151.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 123,406 shares of the chip maker's stock after buying an additional 113,546 shares during the quarter. Engineers Gate Manager LP's holdings in Intel were worth $17,231,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in INTC. iA Global Asset Management Inc. grew its stake in Intel by 17.0% in 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 in the last quarter. Whalerock Point Partners LLC bought a new position in shares of Intel in the 4th quarter worth $205,000. Dixon Mitchell Investment Counsel Inc. purchased a new stake in shares of Intel during the 4th quarter valued at $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 valued at $9,419,000 after buying an additional 13,858 shares in the last quarter. Finally, Legal & General Group Plc lifted its holdings 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 during the last quarter. 64.53% of the stock is currently owned by institutional investors.

Intel Stock Performance

NASDAQ INTC opened at $102.94 on Friday. The company has a 50-day simple moving average of $97.86 and a two-hundred day simple moving average of $89.89. Intel Corporation has a 12-month low of $24.05 and a 12-month high of $142.35. The firm has a market cap of $519.23 billion, a price-to-earnings ratio of -48.79, a PEG ratio of 10.75 and a beta of 2.22. 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 released its quarterly earnings data on Thursday, July 23rd. The chip maker reported $0.42 EPS for the quarter, topping 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 firm had revenue of $16.13 billion for the quarter, compared to the consensus estimate of $14.43 billion. During the same quarter in the previous year, the business 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, equities analysts forecast that Intel Corporation will post 1.04 EPS for the current year.

Insider Buying and Selling

In related news, CEO Lip Bu Tan purchased 105,263 shares of the firm's stock in a transaction on Tuesday, August 11th. The shares were acquired 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 trade represents a 8.70% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 0.05% of the stock is owned by company insiders.

Key Stories Impacting Intel

Here are the key news stories impacting Intel this week:

• Positive Sentiment: A report that Intel may raise prices on selected PC processors by as much as 10% fueled optimism that tight supply could improve revenue and margins. The market is watching whether the increases reflect sustainable pricing power or temporary scarcity. Intel May Raise Chip Prices 10%
• Positive Sentiment: Northland upgraded Intel to “Outperform” and set a $120 price target, citing progress in the turnaround and constrained server-CPU supply. The call adds to evidence that execution and demand trends may be improving. Northland Intel Upgrade
• Positive Sentiment: Intel-backed Altera is reportedly preparing an IPO that could raise more than $2 billion as early as 2026. A successful offering could highlight the value of Intel’s portfolio and potentially provide capital or a valuation reference for the business. Altera IPO Report
• Positive Sentiment: Broader semiconductor strength, supported by continued AI infrastructure spending, also lifted Intel alongside major chip peers. Investor attention is increasingly turning to Intel’s advanced packaging capabilities and potential AI-related revenue opportunities. Chip Stocks Rise on AI Spending
• Neutral Sentiment: CEO Lip-Bu Tan’s reported purchase of approximately $10 million of Intel shares provides a vote of confidence, but it does not change the company’s earnings outlook by itself. Intel CEO Share Purchase
• Negative Sentiment: Despite the rally, Piper Sandler initiated coverage at “Hold,” while other analysts remain cautious because Intel’s valuation has risen sharply ahead of proof that the turnaround can generate consistent profits. Recent profit-taking after a multiday advance underscores the stock’s elevated volatility. Piper Sandler Intel Rating
• Negative Sentiment: Investors still face substantial risks from Intel’s ongoing GAAP losses, competition from Nvidia and AMD in AI chips, and uncertainty over whether higher processor prices will persist once supply conditions normalize.

Wall Street Analysts Forecast Growth

INTC has been the topic of a number of research analyst reports. Oppenheimer began coverage on Intel in a research note on Thursday, June 11th. They issued an "outperform" rating on the stock. The Goldman Sachs Group reaffirmed a "neutral" rating on shares of Intel in a research note on Thursday, July 23rd. Melius Research set a $150.00 price objective on Intel in a report on Monday, May 18th. TD Cowen increased their price objective on Intel from $75.00 to $115.00 and gave the company a "hold" rating in a research report on Monday, July 13th. Finally, Robert W. Baird raised their price objective on Intel from $75.00 to $125.00 and gave the company a "neutral" rating in a report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, twenty-eight have issued a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $107.80.

About Intel

Intel Corporation NASDAQ: INTC is a global semiconductor company that designs and manufactures computing and communications products. Its portfolio includes Intel Core processors for personal computers, Xeon processors for data centers and enterprise systems, and products for edge computing, networking, and other specialized applications.

Intel also develops graphics processing units under its Intel Arc and Intel Data Center GPU brands, Gaudi artificial intelligence accelerators, Ethernet products, software, and related platform technologies.

Want to see what other hedge funds are holding INTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intel Corporation (NASDAQ:INTC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.