Intel Corporation $INTC Position Decreased by Athena Investment Management

Key Points

• Athena Investment Management cut its Intel position by 30.4% in the second quarter, selling 13,633 shares and retaining 31,232 shares worth approximately $4.36 million. Institutional investors still own 64.53% of Intel’s stock.
• Intel shares opened at $104.47 and are up 9.1%, while the company’s latest quarterly results exceeded expectations with $0.42 in EPS and $16.13 billion in revenue, up 25.2% year over year.
• Intel’s outlook is mixed: pricing power, High-NA EUV production progress and analyst upgrades support the stock, but dilution concerns and heavy foundry investment remain risks. The analyst consensus rating is Hold, with an average price target of $107.74.

Athena Investment Management reduced its holdings in Intel Corporation (NASDAQ:INTC - Free Report) by 30.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,232 shares of the chip maker's stock after selling 13,633 shares during the quarter. Intel makes up 2.6% of Athena Investment Management's portfolio, making the stock its 5th biggest holding. Athena Investment Management's holdings in Intel were worth $4,361,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. iA Global Asset Management Inc. boosted its stake in Intel by 17.0% during the 4th quarter. iA Global Asset Management Inc. now owns 593,043 shares of the chip maker's stock valued at $21,883,000 after acquiring an additional 86,189 shares during the last quarter. Whalerock Point Partners LLC bought a new stake in shares of Intel in the 4th quarter worth about $205,000. Dixon Mitchell Investment Counsel Inc. bought a new stake in shares of Intel in the 4th quarter worth about $185,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Intel by 5.7% in 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 purchasing an additional 13,858 shares in the last quarter. Finally, Vestor Capital LLC acquired a new stake in shares of Intel in the 1st quarter valued at about $9,441,000. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Intel Stock Up 9.1%

Shares of Intel stock opened at $104.47 on Wednesday. The stock has a market capitalization of $526.95 billion, a price-to-earnings ratio of -49.51, a PEG ratio of 10.58 and a beta of 2.22. Intel Corporation has a twelve month low of $24.05 and a twelve month high of $142.35. 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 business's 50 day simple moving average is $99.03 and its 200-day simple moving average is $88.96.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The chip maker reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 business had revenue of $16.13 billion during the quarter, compared to analyst estimates of $14.43 billion. During the same quarter in the previous year, the firm posted ($0.10) EPS. The business's revenue for the quarter was up 25.2% compared to the same quarter last year. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. Equities research analysts forecast that Intel Corporation will post 1.01 earnings per share for the current year.

Key Stories Impacting Intel

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel is reportedly preparing another price increase of roughly 10% for PC and enterprise CPUs, potentially beginning in October. Rising supply-chain costs are a stated reason, but the increase also suggests strong demand and limited customer willingness to switch suppliers. Intel’s stock is rising as the company looks primed to boost prices even more
• Positive Sentiment: Intel and ASML reported that Intel Foundry has processed more than one million wafers using High-NA EUV equipment. The technology is being applied to selected layers of Intel’s 18A process and upcoming Panther Lake chips, offering evidence that Intel’s substantial fabrication investments are moving toward production-scale execution. Intel Foundry and ASML Collaborate to Accelerate Industry Readiness for High NA EUV
• Positive Sentiment: Northland Securities upgraded Intel from Market Perform to Outperform, citing improved pricing power and the possibility that Elon Musk’s proposed Terafab could provide additional scale for Intel’s currently loss-making foundry business. Wall Street analyst upgrades Intel stock price target
• Neutral Sentiment: Intel’s AI-PC initiative, including an on-device AI agent developed with the University of South Australia, highlights potential product differentiation, although its near-term revenue impact remains uncertain. Can Intel's AI PC Innovation With ASU Strengthen Its Market Position?
• Negative Sentiment: Mizuho reportedly reduced its price target to $92, pointing to dilution concerns after Intel’s sharp rally and capital needs. This remains a key risk because foundry expansion requires substantial investment and could limit per-share gains. 5-star analyst resets Intel stock price target

Analyst Upgrades and Downgrades

A number of research firms recently commented on INTC. Weiss Ratings downgraded Intel from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Tuesday, August 18th. DA Davidson increased their target price on Intel from $77.00 to $100.00 and gave the stock a "neutral" rating in a report on Friday, July 24th. Susquehanna lifted their target price on Intel from $80.00 to $115.00 and gave the stock a "neutral" rating in a research report on Thursday, July 16th. Jefferies Financial Group started coverage on Intel in a research report on Thursday, June 11th. They issued a "buy" rating for the company. Finally, Bank of America dropped their price target on Intel from $160.00 to $145.00 and set a "buy" rating on the stock in a research report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, twenty-eight have assigned a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $107.74.

Insider Activity

In other news, CEO Lip Bu Tan purchased 105,263 shares of the stock in a transaction dated Tuesday, August 11th. The stock was acquired at an average price of $95.00 per share, for a total transaction of $9,999,985.00. Following the completion of the transaction, the chief executive officer owned 1,314,669 shares of the company's stock, valued at approximately $124,893,555. The trade was a 8.70% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.05% of the company's stock.

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.

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