Intel Corporation $INTC Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its stake in Intel Corporation (NASDAQ:INTC - Free Report) by 3.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,736,485 shares of the chip maker's stock after selling 964,444 shares during the period. Intel comprises approximately 0.7% of Bank of New York Mellon Corp's portfolio, making the stock its 23rd largest position. Bank of New York Mellon Corp owned approximately 0.59% of Intel worth $4,152,106,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Glynn Capital Management LLC acquired a new position in Intel in the 2nd quarter valued at about $29,000. Beaird Harris Wealth Management LLC raised its stake 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 valued at $32,000 after acquiring an additional 223 shares during the last quarter. Carolina Wealth Advisors LLC lifted its position in Intel by 167.0% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 267 shares of the chip maker's stock worth $37,000 after acquiring an additional 167 shares during the period. Ramsey Quantitative Systems acquired a new stake in Intel during the 2nd quarter worth approximately $50,000. Finally, Allied Private Wealth LLC purchased a new position in Intel during the 2nd quarter worth $68,000. Institutional investors and hedge funds own 64.53% of the company's stock.

Intel Trading Up 0.3%

Shares of INTC stock opened at $87.48 on Wednesday. The firm's 50-day simple moving average is $107.03 and its 200-day simple moving average is $85.80. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.60 and a quick ratio of 1.25. Intel Corporation has a 1-year low of $23.68 and a 1-year high of $142.35. The firm has a market cap of $441.25 billion, a P/E ratio of -41.46 and a beta of 2.22.

Intel (NASDAQ:INTC - Get Free Report) last released its earnings results 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 negative net margin of 19.79% and a positive return on equity of 2.62%. 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 previous year, the firm earned ($0.10) earnings per share. Intel's revenue was up 25.2% compared to the same quarter last year. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. As a group, equities analysts forecast that Intel Corporation will post 1.01 EPS for the current year.

Insider Activity

In related news, CEO Lip Bu Tan acquired 105,263 shares of the stock in a transaction dated Tuesday, August 11th. The stock was bought at an average cost of $95.00 per share, with a total value of $9,999,985.00. Following the purchase, the chief executive officer directly owned 1,314,669 shares of the company's stock, valued at approximately $124,893,555. This represents a 8.70% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.05% of the stock is owned by corporate insiders.

Key Stories Impacting Intel

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Former House Speaker Nancy Pelosi disclosed additional Intel shares and call options, reportedly representing a purchase of up to $1.5 million. The disclosure has generated significant retail and media attention and reinforced optimism around Intel’s turnaround, although the position is small relative to the company’s valuation. Intel Rises as Pelosi's $1.5 Million Bet Meets $20 Billion Dilution
• Positive Sentiment: Intel unveiled the Diamond Rapids, Crescent Island and Wildcat Lake processor platforms for data centers, enterprises and edge devices. The expanded portfolio gives investors a more concrete path for participating in AI infrastructure growth, where Intel has lagged GPU-focused competitors. Can Intel's Latest AI Infrastructure Portfolio Expansion Aid Shares?
• Positive Sentiment: Commentary remains constructive on Intel’s $20 billion foundry investment, with some analysts arguing that successful manufacturing expansion could materially improve the company’s long-term value. HSBC reportedly issued an especially bullish price target, though that view depends on Intel proving the foundry can become profitable. Intel’s Skid Continues: One of The Biggest Global Banks Says It Will Provide 130% Returns From Here
• Neutral Sentiment: Unusual put and call activity suggests heavy trading and sharply divided investor expectations, rather than a clear directional signal. Broader semiconductor strength and technical attempts to establish a floor may also be helping sentiment. Huge, Unusual Put and Call Option Volume in Intel
• Negative Sentiment: The reported $20 billion equity raise is creating dilution concerns and raises the capital required for Intel’s foundry expansion. Investors must decide whether the new funds will generate sufficient manufacturing growth and returns to offset the impact of issuing more shares. Intel stock falls: Why is INTC sliding after $20 billion share sale?
• Negative Sentiment: AMD’s upgrade to Strong Buy and expectations that it could overtake Intel in data-center CPUs by 2027 highlight ongoing market-share risk. Intel’s CPU share has reportedly fallen to a multidecade low, increasing pressure on its new products and execution. This Chip Stock Could Overtake Intel by 2027

Wall Street Analyst Weigh In

INTC has been the topic of several recent analyst reports. Tigress Financial boosted their target price on Intel from $66.00 to $118.00 and gave the stock a "buy" rating in a research report on Thursday, April 30th. Cantor Fitzgerald reduced their price target on shares of Intel from $150.00 to $125.00 and set a "neutral" rating on the stock in a report on Friday, July 24th. The Goldman Sachs Group reiterated a "neutral" rating on shares of Intel in a research report on Thursday, July 23rd. Benchmark raised their price objective on shares of Intel from $105.00 to $140.00 and gave the stock a "buy" rating in a research note on Monday, May 18th. Finally, Citigroup upgraded Intel from a "positive" rating to a "buy" rating in a research report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, thirty-one have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Intel has an average rating of "Hold" and a consensus price target of $107.46.

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.

Want to see what other hedge funds are holding INTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intel Corporation (NASDAQ:INTC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source