Intel Corporation $INTC Stake Boosted by Apollon Wealth Management LLC

Key Points

• Apollon Wealth Management increased its Intel stake by 4.6% in the third quarter, owning 267,299 shares valued at approximately $32.1 million. Institutional investors collectively hold 64.53% of Intel’s outstanding stock.
• Analysts maintain a consensus “Hold” rating with an average price target of $108.23, despite targets ranging from $80 to $150. Intel recently exceeded quarterly earnings and revenue expectations, reporting $0.42 in EPS and $16.13 billion in revenue.
• Intel faces both potential catalysts and risks ahead of earnings, including progress at its Arizona and Ohio foundry projects, anticipated server-CPU demand and CEO Lip-Bu Tan’s purchase of nearly $10 million in shares, versus concerns about foundry yields, competition from Nvidia and a lower quarterly EPS outlook.

Apollon Wealth Management LLC grew its position in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 4.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 267,299 shares of the chip maker's stock after acquiring an additional 11,717 shares during the quarter. Apollon Wealth Management LLC's holdings in Intel were worth $32,137,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of INTC. State Street Corp grew its holdings 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 in the last quarter. Primecap Management Co. CA bought a new stake in Intel during the second quarter worth $10,507,291,000. Amundi boosted its position in 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 purchasing an additional 5,045,936 shares during the last quarter. Bank of America Corp DE boosted its position in Intel by 35.7% in 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 purchasing an additional 8,342,514 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Intel by 0.4% in the 1st quarter. Bank of New York Mellon Corp now owns 30,700,929 shares of the chip maker's stock valued at $1,354,832,000 after purchasing an additional 112,054 shares during the period. 64.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Truist Financial raised their target price on Intel from $81.00 to $108.00 and gave the company a "hold" rating in a research report on Friday, July 24th. The Goldman Sachs Group started coverage on Intel in a research note on Monday, October 19th. They set a "neutral" rating on the stock. Wells Fargo & Company boosted their price target on shares of Intel from $110.00 to $120.00 and gave the stock an "equal weight" rating in a report on Friday, July 24th. HC Wainwright set a $150.00 price target on shares of Intel in a report on Monday, June 29th. Finally, Rosenblatt Securities lifted their price objective on shares of Intel from $65.00 to $80.00 and gave the stock a "sell" rating in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, twenty-seven have assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $108.23.

Intel Stock Performance

Shares of INTC opened at $86.96 on Monday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.60 and a quick ratio of 1.25. The firm has a market cap of $438.63 billion, a PE ratio of -41.21, a PEG ratio of 9.23 and a beta of 2.22. Intel Corporation has a 1 year low of $32.89 and a 1 year high of $142.35. The stock's fifty day moving average price is $101.97 and its two-hundred day moving average price is $103.18.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The chip maker reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.21. The company 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%. The firm's revenue for the quarter was up 25.2% on a year-over-year basis. During the same quarter last year, the firm posted ($0.10) EPS. On average, equities research analysts forecast that Intel Corporation will post 1.05 EPS for the current year.

Key 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

Insiders Place Their Bets

In other Intel news, CEO Lip Bu Tan bought 105,263 shares of Intel stock in a transaction dated Tuesday, August 11th. The stock was 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 trade represents a 8.70% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 0.05% of the stock is owned by corporate insiders.

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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