HB Wealth Management LLC Decreases Position in Intel Corporation $INTC

HB Wealth Management LLC cut its holdings in Intel Corporation (NASDAQ:INTC - Free Report) by 2.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 229,844 shares of the chip maker's stock after selling 5,222 shares during the period. HB Wealth Management LLC's holdings in Intel were worth $32,093,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in INTC. ABS Investment Management LLC purchased a new position in shares of Intel in the second quarter worth about $694,101,000. Montgomery Financial Services LLC bought a new stake in shares of Intel in the 2nd quarter valued at about $26,000. Knuff & Co LLC purchased a new stake in Intel during the 2nd quarter valued at about $29,000. Glynn Capital Management LLC bought a new position in Intel during the 2nd quarter worth approximately $29,000. Finally, Beaird Harris Wealth Management LLC grew its position in Intel by 3,185.7% during the 2nd quarter. Beaird Harris Wealth Management LLC now owns 230 shares of the chip maker's stock worth $32,000 after acquiring an additional 223 shares during the last quarter. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Intel Price Performance

Shares of Intel stock opened at $106.24 on Thursday. The business has a 50 day moving average of $98.61 and a 200 day moving average of $89.40. Intel Corporation has a 52 week low of $24.05 and a 52 week high of $142.35. The company has a market cap of $535.87 billion, a PE ratio of -50.35, a P/E/G ratio of 11.19 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 results on Thursday, July 23rd. The chip maker reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.21. The business had revenue of $16.13 billion for the quarter, compared to analysts' expectations of $14.43 billion. Intel had a negative net margin of 19.79% and a positive return on equity of 2.62%. The firm's revenue for the quarter was up 25.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.10) earnings per share. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. As a group, equities research analysts forecast that Intel Corporation will post 1.04 earnings per share for the current year.

Insider Activity at Intel

In related news, CEO Lip Bu Tan bought 105,263 shares of the business's stock in a transaction dated Tuesday, August 11th. The shares were purchased at an average price of $95.00 per share, with a total value of $9,999,985.00. Following the purchase, the chief executive officer 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 position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.05% of the company's stock.

Key Stories Impacting Intel

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel reportedly confirmed a roughly 10% increase in enterprise CPU prices, potentially improving average selling prices, margins and cash generation as data-center demand remains strong. Intel’s ASML Milestone Gives Investors a New Reason to Revisit the Stock
• Positive Sentiment: Intel Foundry and ASML said Intel has processed more than one million wafers using High-NA EUV equipment. The milestone supports confidence in Intel’s 18A process, Panther Lake production and its long-term foundry turnaround. Intel Foundry and ASML Collaborate to Accelerate Industry Readiness for High NA EUV
• Positive Sentiment: Northland upgraded Intel to Outperform and cited potential foundry scale from Elon Musk’s proposed Terafab, while other coverage highlighted a $120 price target and 59% AI-related growth. These developments reinforced the view that Intel’s turnaround is becoming more visible.
• Positive Sentiment: Intel’s second-quarter results exceeded expectations, with $16.13 billion in revenue and $0.42 in earnings per share versus consensus of $14.43 billion and $0.21, respectively. Revenue rose 25.2% year over year.
• Neutral Sentiment: The $20 billion capital raise initially raised dilution concerns, but commentary now suggests it may strengthen Intel’s balance sheet and fund strategic manufacturing investments rather than signal financial distress. After the Dip, Intel’s $20 Billion Raise Is Not the Red Flag It Originally Looked Like
• Negative Sentiment: Valuation and execution risks remain significant after the rally. Analysts noted that a $120 target leaves limited near-term upside, while Intel still must prove that High-NA yields, pricing gains and foundry volumes translate into sustainable profits.
• Negative Sentiment: Apple’s continued removal of Intel-based Mac support underscores Intel’s long-term loss of share in the Mac ecosystem, although this is a structural rather than immediate earnings issue.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on INTC shares. Roth Capital lifted their target price on shares of Intel from $100.00 to $120.00 and gave the stock a "buy" rating in a research note on Friday, July 24th. JPMorgan Chase & Co. increased their price target on shares of Intel from $45.00 to $85.00 and gave the company an "underweight" rating in a research report on Friday, July 24th. Weiss Ratings lowered shares of Intel from a "hold (c-)" rating to a "sell (d+)" rating in a report on Tuesday, August 18th. New Street Research boosted their price objective on shares of Intel from $100.00 to $122.00 in a research report on Friday, June 26th. Finally, Wolfe Research initiated coverage on shares of Intel in a research note on Thursday, June 11th. They set a "peer perform" rating for the company. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, twenty-eight have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Intel currently has a consensus rating of "Hold" and an average target price of $107.80.

Intel Profile

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.

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