Evolve Private Wealth LLC bought a new stake in shares of Intel Corporation (NASDAQ:INTC - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 34,456 shares of the chip maker's stock, valued at approximately $4,811,000.
A number of other hedge funds have also added to or reduced their stakes in the business. Financially Speaking Inc grew its position in shares of Intel by 69.2% during the 4th quarter. Financially Speaking Inc now owns 682 shares of the chip maker's stock worth $25,000 after buying an additional 279 shares during the period. Financial Life Planners bought a new position in Intel during the first quarter worth $25,000. Glynn Capital Management LLC acquired a new stake in Intel in the second quarter worth $29,000. Knuff & Co LLC acquired a new stake in Intel in the second quarter worth $29,000. Finally, Swiss RE Ltd. bought a new stake in Intel in the fourth quarter valued at $29,000. 64.53% of the stock is currently owned by institutional investors.
Insider Activity at Intel
In other Intel news, CEO Lip Bu Tan purchased 105,263 shares of the company's stock in a transaction that occurred on Tuesday, August 11th. The shares were acquired 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 owned 1,314,669 shares of the company's stock, valued at $124,893,555. The trade was a 8.70% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.05% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on the company. Truist Financial raised their target price on Intel from $81.00 to $108.00 and gave the company a "hold" rating in a research note on Friday, July 24th. Robert W. Baird upped their target price on Intel from $75.00 to $125.00 and gave the stock a "neutral" rating in a research report on Friday, July 24th. Susquehanna increased their target price on Intel from $80.00 to $115.00 and gave the stock a "neutral" rating in a report on Thursday, July 16th. Moffett Nathanson downgraded shares of Intel to a "neutral" rating in a research report on Thursday, June 11th. Finally, Mizuho lowered their price objective on shares of Intel from $135.00 to $109.00 and set a "neutral" rating on the stock in a report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, thirty-one have assigned a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $107.46.
Read Our Latest Stock Report on INTC
Intel News Summary
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
Intel Stock Performance
NASDAQ INTC opened at $89.51 on Tuesday. Intel Corporation has a 1 year low of $23.68 and a 1 year high of $142.35. 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 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. The company has a fifty day moving average price of $103.61 and a 200-day moving average price of $86.94.
Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The chip maker reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $14.43 billion. During the same period in the prior year, the firm 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. As a group, equities research analysts predict that Intel Corporation will post 1 EPS for the current fiscal year.
About Intel
(
Free Report)
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.
Further Reading
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