Intel Corporation $INTC Shares Sold by Frank Rimerman Advisors LLC

Key Points

• Frank Rimerman Advisors LLC cut its Intel stake by 15.2% in the third quarter, selling 10,253 shares and retaining 56,985 shares valued at approximately $6.85 million.
• Intel CEO Lip-Bu Tan purchased 105,263 shares at $95 each, increasing his direct ownership by 8.7%; institutional investors collectively own 64.53% of the stock.
• Analyst sentiment remains mixed, with an average rating of “Hold” and a $109.06 price target versus Intel’s $89.85 opening price; the company recently beat quarterly EPS and revenue estimates.

Frank Rimerman Advisors LLC reduced its holdings in Intel Corporation (NASDAQ:INTC - Free Report) by 15.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 56,985 shares of the chip maker's stock after selling 10,253 shares during the period. Frank Rimerman Advisors LLC's holdings in Intel were worth $6,851,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in INTC. State Street Corp boosted its position in shares of Intel by 1.2% in the second quarter. State Street Corp now owns 216,849,675 shares of the chip maker's stock valued at $30,278,720,000 after acquiring an additional 2,528,657 shares during the period. Primecap Management Co. CA acquired a new stake in shares of Intel in the second quarter worth $10,507,291,000. Amundi grew its stake in shares of Intel by 14.9% in the first quarter. Amundi now owns 38,969,192 shares of the chip maker's stock worth $1,719,710,000 after acquiring an additional 5,045,936 shares during the last quarter. Bank of America Corp DE increased its position in 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 worth $4,429,673,000 after acquiring an additional 8,342,514 shares during the period. Finally, Bank of New York Mellon Corp increased its position in Intel by 0.4% during the first quarter. Bank of New York Mellon Corp now owns 30,700,929 shares of the chip maker's stock worth $1,354,832,000 after acquiring an additional 112,054 shares during the period. 64.53% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Intel news, CEO Lip Bu Tan purchased 105,263 shares of the firm's stock in a transaction on 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 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.05% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

INTC has been the subject of several research analyst reports. Mizuho upped their target price on shares of Intel from $92.00 to $114.00 and gave the company a "neutral" rating in a research note on Tuesday, October 6th. Roth Capital increased their price target on shares of Intel from $100.00 to $120.00 and gave the company a "buy" rating in a report on Friday, July 24th. Bank of America decreased their price target on shares of Intel from $160.00 to $145.00 and set a "buy" rating on the stock in a research report on Wednesday, August 12th. Wall Street Zen downgraded shares of Intel from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Finally, HSBC restated a "buy" rating on shares of Intel in a report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, twenty-seven have assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $109.06.

Intel Price Performance

Shares of NASDAQ:INTC opened at $89.85 on Friday. Intel Corporation has a 1-year low of $32.89 and a 1-year high of $142.35. The firm has a market capitalization of $453.20 billion, a PE ratio of -42.58, a PEG ratio of 9.57 and a beta of 2.22. The business's 50 day moving average is $103.05 and its 200-day moving average is $101.31. The company has a current ratio of 1.60, a quick ratio of 1.25 and a debt-to-equity ratio of 0.47.

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. The business had revenue of $16.13 billion for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period in the previous year, the business posted ($0.10) earnings per share. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. Sell-side analysts predict that Intel Corporation will post 1.04 earnings per share for the current year.

More Intel News

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel’s history of exceeding earnings estimates and favorable revenue and earnings trends are prompting analysts to argue that the company could deliver another quarterly beat. Will Intel Beat Estimates Again in Its Next Earnings Report?
• Positive Sentiment: Consumer research from LikeFolio indicates improving sentiment toward Intel, suggesting demand for its products remains resilient even as Nvidia introduces competing laptops. Consumer Sentiment Surge Follows Stock Trends
• Positive Sentiment: One prominent analyst sees substantial upside if Intel successfully executes its foundry strategy and wins advanced AI-chip manufacturing business, although that thesis depends on an unproven turnaround. Analyst Says Intel Could Double
• Neutral Sentiment: The administration’s new review of AI risks could lead to future regulation of AI systems and data centers. The report is not an Intel-specific development, but could affect demand for AI infrastructure over time. Trump Task Force Orders Report on AI Dangers
• Negative Sentiment: A broad rotation out of AI and semiconductor stocks is pressuring Intel, AMD and other chipmakers as investors question AI infrastructure valuations, financing conditions and the durability of spending. Rotation Out of AI Chip Stocks Continues
• Negative Sentiment: Investors are also weighing competitive and operational risks: TSMC suggested it could support customers if Intel’s advanced-packaging ramp falls short, while an explosion and fire at Intel’s Kiryat Gat facility in Israel added company-specific uncertainty. Reports of progress by Chinese rival CXMT further intensified concerns about Intel’s competitive position. TSMC Comments on Intel Packaging Ramp

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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