Intel Corporation $INTC Position Boosted by State of Alaska Department of Revenue

Key Points

• State of Alaska Department of Revenue increased its Intel stake by 1.3% to 592,941 shares, valued at approximately $71.3 million. Institutional investors and hedge funds collectively own 64.53% of Intel.
• Intel shares fell 4.1% to $94.06, despite the company’s latest quarterly results beating expectations with $0.42 in adjusted earnings per share and $16.13 billion in revenue.
• CEO Lip-Bu Tan purchased nearly $10 million of Intel stock, while analyst sentiment remains mixed: the consensus rating is Hold with an average price target of $109.06.

State of Alaska Department of Revenue grew its holdings in Intel Corporation (NASDAQ:INTC - Free Report) by 1.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 592,941 shares of the chip maker's stock after buying an additional 7,777 shares during the quarter. Intel accounts for 0.7% of State of Alaska Department of Revenue's investment portfolio, making the stock its 22nd largest position. State of Alaska Department of Revenue's holdings in Intel were worth $71,289,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Primecap Management Co. CA acquired a new stake in Intel in the 2nd quarter valued at about $10,507,291,000. Legal & General Group Plc purchased a new position in Intel in the 2nd quarter worth approximately $4,096,110,000. Canada Pension Plan Investment Board purchased a new position in Intel in the 2nd quarter worth approximately $1,848,438,000. Bank of America Corp DE grew its position in shares of Intel by 35.7% in the second quarter. Bank of America Corp DE now owns 31,724,362 shares of the chip maker's stock valued at $4,429,673,000 after purchasing an additional 8,342,514 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in shares of Intel by 45.5% in the second quarter. Assenagon Asset Management S.A. now owns 16,151,467 shares of the chip maker's stock valued at $2,255,229,000 after purchasing an additional 5,053,424 shares during the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

Intel Trading Down 4.1%

Shares of INTC traded down $4.06 during midday trading on Thursday, hitting $94.06. 87,852,277 shares of the stock were exchanged, compared to its average volume of 116,033,836. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.25 and a current ratio of 1.60. The firm has a market cap of $474.43 billion, a P/E ratio of -44.53, a P/E/G ratio of 10.97 and a beta of 2.22. Intel Corporation has a 52-week low of $32.89 and a 52-week high of $142.35. The stock has a fifty day simple moving average of $103.38 and a 200 day simple moving average of $101.03.

Intel (NASDAQ:INTC - Get Free Report) last released its 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 company had revenue of $16.13 billion during the quarter, compared to the consensus estimate of $14.43 billion. Intel had a positive return on equity of 2.62% and a negative net margin of 19.79%. Intel's revenue was up 25.2% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.10) EPS. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. On average, research analysts anticipate that Intel Corporation will post 1.04 EPS for the current fiscal year.

Insider Activity at Intel

In other Intel news, CEO Lip Bu Tan acquired 105,263 shares of the company's stock in a transaction that occurred on Tuesday, August 11th. The stock was purchased at an average price 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 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 can be accessed through this link. Insiders own 0.05% of the company's stock.

Analyst Upgrades and Downgrades

INTC has been the subject of several recent analyst reports. Barclays upgraded shares of Intel from a "hold" rating to an "overweight" rating in a research report on Wednesday, September 16th. TD Cowen restated a "hold" rating and issued a $115.00 target price on shares of Intel in a research report on Thursday, September 24th. Wells Fargo & Company lifted their target price on Intel from $110.00 to $120.00 and gave the company an "equal weight" rating in a research report on Friday, July 24th. HC Wainwright set a $150.00 price target on Intel in a research note on Monday, June 29th. Finally, Citigroup began coverage on Intel in a report on Tuesday, September 8th. They set a "buy" rating for the company. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, twenty-seven have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Intel has a consensus rating of "Hold" and an average target price of $109.06.

Trending Headlines about Intel

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel’s Crescent Island inference GPU has reached customer testing, offering a potential foothold in lower-cost AI computing and supporting the company’s broader AI-chip and foundry strategy. Intel GPU reaches customer testing
• Positive Sentiment: Thirty-four exchange-traded funds added Intel holdings on October 13, signaling continued institutional exposure, although the purchases may have limited near-term impact. 34 ETFs add Intel holdings
• Positive Sentiment: Analyst commentary continues to highlight strong chip demand, recent revenue growth and Intel’s potential foundry opportunity. KeyBanc also included Intel among its preferred semiconductor stocks ahead of earnings. KeyBanc semiconductor picks
• Neutral Sentiment: Investors are awaiting Intel’s October 22 results for evidence that improving chip supply can drive fourth-quarter growth and that external foundry customers are materializing. Intel earnings preview
• Negative Sentiment: Intel has declined alongside AMD, Nvidia and TSMC in a sector-wide sell-off driven by concerns over expensive AI valuations, financing costs, inflation and slowing enthusiasm for the AI trade. Even TSMC’s record quarterly results failed to stabilize chip stocks. Intel and AMD semiconductor sell-off
• Negative Sentiment: TSMC’s CEO suggested the company could support customers if Intel’s advanced-packaging ramp falls short, raising concerns about execution, capacity and competitive pressure on Intel’s foundry ambitions. TSMC advanced-packaging commentary
• Negative Sentiment: An explosion at Intel’s Kiryat Gat, Israel, facility added an operational-risk overhang, while ongoing foundry losses and a recent rally have made investors more sensitive to disappointing news. Intel Kiryat Gat facility explosion

Intel Profile

Intel Corporation NASDAQ: INTC is a global semiconductor company that designs and manufactures computing and connectivity products. Its portfolio includes central processing units (CPUs), graphics and accelerator products, chipsets, networking components, and other semiconductor solutions used in personal computers, servers, cloud infrastructure, artificial intelligence systems, and embedded applications.

The company serves a broad range of customers, including original equipment manufacturers, cloud service providers, enterprise businesses, telecommunications companies, government organizations, and other technology firms.

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