Intel Corporation $INTC Shares Sold by Axxcess Wealth Management LLC

Key Points

• Axxcess Wealth Management reduced its Intel stake by 8.8% in the third quarter, selling 6,780 shares and retaining 70,609 shares valued at approximately $8.5 million. Institutional investors overall own 64.53% of Intel.
• Intel CEO Lip-Bu Tan purchased 105,263 shares for about $10 million, increasing his direct holdings by 8.7%. Several major institutions also increased or initiated positions during the recent quarters.
• Analyst sentiment remains mixed: Intel’s latest earnings and revenue exceeded expectations, but the stock carries a consensus “Hold” rating with an average price target of $107.73 amid concerns about valuation, technical weakness and delays at its Ohio manufacturing facility.

Axxcess Wealth Management LLC lowered its stake in Intel Corporation (NASDAQ:INTC - Free Report) by 8.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 70,609 shares of the chip maker's stock after selling 6,780 shares during the period. Axxcess Wealth Management LLC's holdings in Intel were worth $8,489,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Primecap Management Co. CA purchased a new position in shares of Intel during the 2nd quarter worth approximately $10,507,291,000. Legal & General Group Plc purchased a new position in shares of Intel in the 2nd quarter valued at approximately $4,096,110,000. Assenagon Asset Management S.A. lifted its stake in shares of Intel by 87.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 30,214,769 shares of the chip maker's stock valued at $3,632,722,000 after purchasing an additional 14,063,302 shares during the period. Canada Pension Plan Investment Board bought a new stake in shares of Intel during the second quarter valued at approximately $1,848,438,000. Finally, Bank of America Corp DE boosted its position in shares of Intel by 35.7% during 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. 64.53% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Lip Bu Tan purchased 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, for a total transaction of $9,999,985.00. Following the completion of the acquisition, the chief executive officer directly owned 1,314,669 shares in the company, valued at $124,893,555. This represents a 8.70% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.05% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on INTC. Daiwa Securities Group cut Intel from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 4th. Sanford C. Bernstein raised Intel from a "hold" rating to an "outperform" rating in a research report on Monday. Wedbush boosted their target price on shares of Intel from $60.00 to $98.00 and gave the company a "neutral" rating in a report on Friday, July 24th. UBS Group upgraded shares of Intel from a "hold" rating to a "buy" rating in a report on Tuesday, September 8th. Finally, JPMorgan Chase & Co. raised shares of Intel from an "underweight" rating to a "neutral" rating and set a $85.00 target price on the stock in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, twenty-seven have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $107.73.

Key Headlines Impacting Intel

Here are the key news stories impacting Intel this week:

• Positive Sentiment: AI demand and Musk’s Terafab comments supported the stock. Elon Musk described ambitious plans for Terafab, an AI-chip initiative involving SpaceX, Tesla and Intel. The comments, along with stronger updates from SpaceX and Super Micro Computer, reinforced expectations that AI infrastructure spending remains robust. Intel Stock Rises After Musk's Cryptic Terafab Comments
• Positive Sentiment: JPMorgan upgraded Intel to Neutral from Underweight. The change reflects improved confidence in management execution and reduces a significant source of analyst pressure. Other commentary argues Intel’s foundry strategy, potential Tesla business and AI-focused products could improve its long-term investment narrative. Intel Stock Notches Up as JPMorgan Changes Its Mind
• Positive Sentiment: Recent operating results were better than expected. Intel’s latest reported quarter included adjusted earnings of $0.42 per share versus a $0.21 consensus estimate, while revenue rose 25.2% year over year to $16.13 billion. The results provide some evidence that the business transition is gaining traction.
• Neutral Sentiment: Analyst views remain mixed. Susquehanna lowered its price target from $115 to $105 while retaining a Neutral rating, and TD Cowen previously cut its target to $95 with a Hold rating. These targets imply limited-to-moderate upside and signal that execution risks remain material.
• Negative Sentiment: Valuation and technical signals remain concerns. Commentary notes that Intel still trades at a high earnings multiple despite a substantial retreat from its peak. A bearish Wyckoff pattern and continued weakness below its 50-day and 200-day moving averages suggest investors remain cautious.
• Negative Sentiment: Intel’s Ohio fab faces an unfavorable milestone. Delays and uncertainty surrounding the company’s Ohio manufacturing project raise concerns about capital spending, timing and the credibility of its domestic foundry ambitions. Intel Stock Gains Despite Grim Ohio Milestone

Intel Trading Up 1.4%

NASDAQ INTC opened at $92.96 on Thursday. Intel Corporation has a 12 month low of $32.89 and a 12 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 stock's fifty day moving average price is $102.66 and its 200-day moving average price is $102.68. The stock has a market cap of $468.89 billion, a P/E ratio of -44.06, a P/E/G ratio of 9.74 and a beta of 2.22.

Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The chip maker reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.21. The firm had revenue of $16.13 billion during the quarter, compared to analyst estimates of $14.43 billion. Intel had a positive return on equity of 2.62% and a negative net margin of 19.79%. Intel's quarterly revenue was up 25.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.10) EPS. As a group, equities analysts forecast that Intel Corporation will post 1.05 EPS for the current fiscal year.

Intel Company Profile

Intel Corporation NASDAQ: INTC is a global semiconductor company that designs and manufactures computing and connectivity products. Its portfolio includes Intel Core processors for personal computers, Xeon processors for data centers and enterprise systems, and products for networking, edge computing, graphics, and artificial intelligence workloads.

Through Intel Foundry, the company also provides semiconductor manufacturing and technology-development services for external customers. Intel develops process technologies, advanced packaging, and other manufacturing capabilities intended to support its own products and third-party chip designs.

Founded in 1968 by Robert Noyce and Gordon Moore, Intel helped establish the modern microprocessor industry and has historically supplied processors for PCs, servers, and other computing systems.

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