Intel Corporation $INTC Shares Bought by Meridian Wealth Management LLC

Meridian Wealth Management LLC grew its holdings in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 325.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 62,178 shares of the chip maker's stock after buying an additional 47,576 shares during the quarter. Meridian Wealth Management LLC's holdings in Intel were worth $8,602,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in INTC. State Street Corp grew its holdings in Intel by 2.8% during the 4th quarter. State Street Corp now owns 208,536,784 shares of the chip maker's stock worth $7,695,007,000 after acquiring an additional 5,714,400 shares in the last quarter. Capital World Investors raised its stake in shares of Intel by 20.3% in the 4th quarter. Capital World Investors now owns 104,060,268 shares of the chip maker's stock valued at $3,839,833,000 after purchasing an additional 17,557,147 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Intel by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 101,931,512 shares of the chip maker's stock worth $3,744,406,000 after purchasing an additional 3,124,798 shares during the last quarter. Morgan Stanley grew its stake in Intel by 20.4% in the fourth quarter. Morgan Stanley now owns 65,249,269 shares of the chip maker's stock worth $2,407,698,000 after purchasing an additional 11,056,090 shares in the last quarter. Finally, Norges Bank acquired a new position in Intel in the fourth quarter worth about $2,233,159,000. Institutional investors and hedge funds own 64.53% of the company's stock.

Intel Trading Down 3.1%

Shares of NASDAQ INTC opened at $87.26 on Tuesday. Intel Corporation has a 12-month low of $23.68 and a 12-month high of $142.35. The company has a market cap of $440.14 billion, a price-to-earnings ratio of -41.36 and a beta of 2.22. 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 stock's 50 day simple moving average is $107.62 and its 200 day simple moving average is $85.52.

Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The chip maker reported $0.42 EPS for the quarter, topping 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 firm 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 business earned ($0.10) EPS. The firm's revenue was up 25.2% on a year-over-year basis. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. Equities research analysts expect that Intel Corporation will post 1.01 EPS for the current year.

Key Stories Impacting Intel

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Former House Speaker Nancy Pelosi disclosed purchases of 10,000 Intel shares and 50 INTC call options, adding to an existing Intel options position. The disclosure may provide a short-term sentiment boost, although it does not change Intel’s fundamentals. Nancy Pelosi Discloses First-Ever Bloom Energy Trade, Adds to Intel Bet Amid AI Power Boom
• Positive Sentiment: Intel joined a city-scale open 5G and NextG testing initiative with Rutgers University, Columbia University, NYU, Airspan Networks and the COSMOS testbed. The collaboration could support Intel’s positioning in open RAN, network infrastructure and potential 6G applications, though commercial benefits remain uncertain. Intel Joins City Scale Open 5G And NextG Testing Push
• Positive Sentiment: Reports that prices for Intel’s Arc Pro B70 GPUs have risen as much as 48% across markets suggest improving demand or constrained supply for its graphics products, potentially offering another catalyst for Intel’s turnaround. Intel Stock Has Soared 140% YTD. The Next Catalyst May Be Hiding in GPU Prices
• Neutral Sentiment: Investors are watching Nvidia’s August 26 earnings report for signals on AI-chip demand and semiconductor valuations. Strong results could lift the sector, while disappointing guidance could extend the sell-off. Semiconductor Stocks Slide Ahead of NVIDIA Earnings
• Negative Sentiment: Mercury Research reportedly found Intel’s CPU market share at a multidecade low, reinforcing concerns about competitive losses to AMD and other chipmakers. Intel Stock Slides as CPU Market Share Reaches Low Not Seen in Decades
• Negative Sentiment: Intel was among the semiconductor names sold broadly ahead of Nvidia’s results. Reports also cited pressure from a potential $20 billion equity offering, which raises dilution concerns and may weigh on investor confidence. Why Is Intel Stock Falling on Monday?
• Negative Sentiment: Billionaire investor Stanley Druckenmiller reportedly sold Intel along with other major chip holdings, adding to concerns that some institutional investors view alternative semiconductor opportunities as more attractive. Stanley Druckenmiller Sold Broadcom, Intel, and Micron

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. New Street Research upped their price objective on Intel from $100.00 to $122.00 in a research note on Friday, June 26th. Sanford C. Bernstein reiterated a "market perform" rating and issued a $110.00 target price on shares of Intel in a research report on Monday, July 27th. HC Wainwright set a $150.00 price target on Intel in a report on Monday, June 29th. KeyCorp set a $125.00 price target on Intel in a research report on Friday, July 24th. Finally, Jefferies Financial Group began coverage on shares of Intel in a report on Thursday, June 11th. They issued a "buy" rating for the company. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, thirty-one have issued a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, Intel currently has an average rating of "Hold" and a consensus price target of $107.46.

Insider Activity

In other news, CEO Lip Bu Tan purchased 105,263 shares of Intel stock in a transaction dated Tuesday, August 11th. The stock was bought at an average price of $95.00 per share, with a total value of $9,999,985.00. Following the completion of the acquisition, the chief executive officer owned 1,314,669 shares in the company, valued at $124,893,555. The trade was a 8.70% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.05% of the company's stock.

Intel Company Profile

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.

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