Intel Corporation $INTC Stock Acquired by First Citizens Bank & Trust Co.

Key Points

• First Citizens Bank & Trust Co. increased its Intel stake by 290.4%. The bank purchased 136,202 additional shares, bringing its holdings to 183,098 shares valued at approximately $22 million; institutional investors own 64.53% of Intel.
• Intel’s outlook is supported by strong AI demand and new hardware. ASML expects AI semiconductor demand to outstrip supply for at least two years, while Intel’s Crescent Island GPU and Xeon systems aim to strengthen its position in enterprise AI.
• Execution risks remain ahead of the next earnings report. Intel’s foundry business continues to post significant operating losses, valuation concerns persist, and analysts maintain a consensus “Hold” rating with an average price target of $109.06.

First Citizens Bank & Trust Co. boosted its holdings in Intel Corporation (NASDAQ:INTC - Free Report) by 290.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 183,098 shares of the chip maker's stock after purchasing an additional 136,202 shares during the quarter. First Citizens Bank & Trust Co.'s holdings in Intel were worth $22,014,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of INTC. JM2 Capital Inc. increased its position in Intel by 9.5% in the 3rd quarter. JM2 Capital Inc. now owns 2,994 shares of the chip maker's stock valued at $360,000 after acquiring an additional 261 shares during the period. XY Planning Network Inc. lifted its position in Intel by 21.7% during the 3rd quarter. XY Planning Network Inc. now owns 2,646 shares of the chip maker's stock worth $318,000 after acquiring an additional 471 shares during the period. Allied Investment Advisors LLC acquired a new stake in Intel during the 3rd quarter worth approximately $217,000. Salem Investment Counselors Inc. lifted its position in Intel by 1.6% during the 3rd quarter. Salem Investment Counselors Inc. now owns 62,527 shares of the chip maker's stock worth $7,518,000 after acquiring an additional 1,000 shares during the period. Finally, Ulrich Consultants & Investment Group LLC purchased a new position in shares of Intel in the 3rd quarter valued at approximately $583,000. Institutional investors and hedge funds own 64.53% of the company's stock.

More Intel News

Here are the key news stories impacting Intel this week:

• Positive Sentiment: AI demand remains robust: ASML said demand for AI-related semiconductors is likely to exceed supply for at least two more years, specifically citing strong demand from customers including Intel. This supports the long-term outlook for Intel’s data-center and manufacturing businesses. AI demand to exceed supply for 2 more years, says ASML
• Positive Sentiment: New AI hardware strengthens the turnaround narrative: Intel’s Crescent Island GPU is designed for inference workloads, with up to 480 GB of memory and a 350-watt, air-cooled form factor that can fit into existing data-center infrastructure. Its open software strategy and new Xeon systems could help Intel compete for cost-conscious enterprise AI deployments. Crescent Island: Intel Anchors the AI Edge
• Positive Sentiment: Analysts raised earnings expectations: Erste Group increased its Intel EPS forecasts to $1.08 for fiscal 2026 and $1.56 for fiscal 2027, above the current-year consensus estimate of $1.04. Erste Group raises Intel earnings estimates
• Neutral Sentiment: Upcoming earnings are the next major test: Investors will focus on whether improving chip supply is translating into stronger fourth-quarter growth and whether Intel can attract major external foundry customers. The report is expected later this month. INTC Stock: What to Watch Before Earnings
• Negative Sentiment: Execution and valuation concerns limit gains: Intel’s foundry revenue reportedly grew 31%, but the division still posted an operating loss of roughly $2.1 billion. The stock has also pulled back from its September peak while trading at a high forward valuation, leaving little room for disappointment.
• Negative Sentiment: Capital concerns continue to weigh on semiconductors: Intel’s CEO warned that financing constraints and uncertain returns on AI infrastructure spending could become a larger bottleneck than chip shortages. A broader semiconductor sell-off and profit-taking have added pressure to INTC. Broadcom and Intel CEOs flag capital crunch

Intel Price Performance

Shares of NASDAQ INTC opened at $102.81 on Wednesday. The firm has a market capitalization of $518.57 billion, a P/E ratio of -48.72, a PEG ratio of 10.81 and a beta of 2.22. Intel Corporation has a one year low of $32.89 and a one year high of $142.35. The company's fifty day moving average is $103.44 and its two-hundred day moving average is $100.64. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.25 and a current ratio of 1.60.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly 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 business had revenue of $16.13 billion during the quarter, compared to the consensus estimate of $14.43 billion. During the same quarter last year, the firm posted ($0.10) EPS. The business'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. Analysts forecast that Intel Corporation will post 1.04 EPS for the current fiscal year.

Wall Street Analyst Weigh In

INTC has been the topic of a number of recent research reports. Rosenblatt Securities boosted their target price on Intel from $65.00 to $80.00 and gave the company a "sell" rating in a report on Friday, July 24th. Truist Financial increased their price target on Intel from $81.00 to $108.00 and gave the stock a "hold" rating in a report on Friday, July 24th. Susquehanna lifted their price objective on shares of Intel from $80.00 to $115.00 and gave the company a "neutral" rating in a research report on Thursday, July 16th. The Goldman Sachs Group reiterated a "neutral" rating on shares of Intel in a research report on Thursday, July 23rd. Finally, Northland Securities raised shares of Intel from a "market perform" rating to an "outperform" rating and set a $120.00 price objective on the stock in a research note on Tuesday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, twenty-seven have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $109.06.

Insider Buying and Selling at Intel

In related news, CEO Lip Bu Tan purchased 105,263 shares of the company's stock in a transaction on Tuesday, August 11th. The stock was bought at an average price of $95.00 per share, with a total value of $9,999,985.00. Following the completion of the transaction, the chief executive officer owned 1,314,669 shares of the company's stock, valued at approximately $124,893,555. This represents a 8.70% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.05% of the stock is currently owned by company insiders.

Intel Profile

Intel Corporation NASDAQ: INTC is a global semiconductor company that designs and manufactures computing and connectivity products. Its portfolio includes central processing units (CPUs), graphics and accelerator products, chipsets, networking components, and other semiconductor solutions used in personal computers, servers, cloud infrastructure, artificial intelligence systems, and embedded applications.

The company serves a broad range of customers, including original equipment manufacturers, cloud service providers, enterprise businesses, telecommunications companies, government organizations, and other technology firms.

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