Intel Corporation $INTC Shares Sold by Harbor Island Capital LLC

Key Points

• Harbor Island Capital reduced its Intel position by 21.2%, selling 24,406 shares and retaining 90,645 shares valued at approximately $10.9 million.
• Institutional ownership remains substantial at 64.53%, while other investors—including ABS Investment Management—have recently initiated or expanded Intel positions.
• Analyst sentiment is mixed: Intel has a consensus “Hold” rating with a $107.73 target price, despite recent earnings outperforming estimates and ongoing optimism around its foundry and manufacturing turnaround.

Harbor Island Capital LLC reduced its position in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 21.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,645 shares of the chip maker's stock after selling 24,406 shares during the quarter. Intel accounts for approximately 2.8% of Harbor Island Capital LLC's investment portfolio, making the stock its 11th biggest holding. Harbor Island Capital LLC's holdings in Intel were worth $10,898,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. ABS Investment Management LLC acquired a new position in shares of Intel during the 2nd quarter worth about $694,101,000. Montgomery Financial Services LLC acquired a new stake in Intel in the 2nd quarter valued at about $26,000. Knuff & Co LLC acquired a new stake in Intel in the 2nd quarter valued at about $29,000. Glynn Capital Management LLC acquired a new stake in Intel in the 2nd quarter valued at about $29,000. Finally, Beaird Harris Wealth Management LLC grew its holdings in Intel by 3,185.7% during the second quarter. Beaird Harris Wealth Management LLC now owns 230 shares of the chip maker's stock worth $32,000 after purchasing an additional 223 shares during the period. Institutional investors and hedge funds own 64.53% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on INTC shares. Barclays raised Intel from a "hold" rating to an "overweight" rating in a research report on Wednesday, September 16th. Bank of America cut their price objective on Intel from $160.00 to $145.00 and set a "buy" rating for the company in a research report on Wednesday, August 12th. Wedbush lifted their target price on Intel from $60.00 to $98.00 and gave the stock a "neutral" rating in a research note on Friday, July 24th. TD Cowen reduced their target price on Intel from $115.00 to $95.00 and set a "hold" rating for the company in a research note on Monday, October 19th. Finally, UBS Group raised Intel from a "hold" rating to a "buy" rating in a report on Tuesday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, twenty-seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $107.73.

More Intel News

Here are the key news stories impacting Intel this week:

• Positive Sentiment: The FCC granted Intel a waiver allowing the company to continue using foreign-made robotic devices, easing a potential regulatory and manufacturing constraint. FCC grants Intel waiver for foreign-made robotic devices
• Positive Sentiment: Wedbush identified a potential boost from Intel’s Arizona chip plant, while continued construction progress at the company’s Ohio project reinforced the turnaround narrative and long-term domestic-foundry strategy. Intel Stock Rises as Wedbush Spots a Potential Boost From Arizona Chip Plant
• Positive Sentiment: Investors are positioning for the October 29 quarterly report. Analysts and bullish commentators point to strong server-CPU demand, recent price increases and Intel’s history of exceeding its own forecasts as possible sources of an earnings or guidance beat. Options markets imply a potentially sizable post-earnings move. Prediction: Intel Stock Will Take Off After Oct. 29
• Positive Sentiment: Erste Group raised its fiscal 2027 EPS forecast for Intel to $1.59 from $1.56, above the broader consensus estimate of $1.05, signaling improving expectations for the company’s earnings recovery.
• Neutral Sentiment: The move also reflected a rebound in selected technology shares despite broader market pressure from higher oil prices and concerns about inflation, interest rates and the cost of AI infrastructure. Why are AMD, Intel stocks gaining today?
• Negative Sentiment: Risks remain ahead of earnings: Intel’s third-quarter outlook called for adjusted EPS of $0.38, below the prior quarter’s $0.42, while analysts continue to question whether its foundry operations can achieve competitive yields and scale. Nvidia’s expansion into CPU markets also presents a longer-term competitive threat. The Foundry Disconnect: Intel Nails the Transistor, But TSMC Holds the Keys to Yield and Scale

Intel Stock Performance

Shares of INTC stock opened at $86.96 on Friday. The company has a market capitalization of $438.63 billion, a price-to-earnings ratio of -41.21, a PEG ratio of 9.23 and a beta of 2.22. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.25 and a current ratio of 1.60. The company has a 50-day simple moving average of $101.97 and a 200 day simple moving average of $102.82. Intel Corporation has a 52 week low of $32.89 and a 52 week high of $142.35.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The chip maker reported $0.42 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 analyst estimates of $14.43 billion. Intel had a negative net margin of 19.79% and a positive return on equity of 2.62%. Intel's quarterly revenue was up 25.2% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.10) EPS. On average, sell-side analysts predict that Intel Corporation will post 1.05 earnings per share for the current year.

Insider Transactions at Intel

In other news, CEO Lip Bu Tan acquired 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, 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 approximately $124,893,555. The trade was a 8.70% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.05% of the stock is owned by company insiders.

About Intel

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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