Intel Corporation $INTC Stock Acquired by GAMMA Investing LLC

Key Points

• GAMMA Investing LLC increased its Intel stake by 5.1% in the third quarter, bringing its holdings to 119,474 shares worth approximately $14.4 million. Institutional investors collectively own 64.53% of Intel’s stock.
• Intel’s outlook includes potential support from its continued involvement in Musk’s Terafab project, expanded collaboration with Anaconda, and progress in high-NA EUV manufacturing. However, possible involvement by TSMC could reduce Intel’s strategic role, while rising yields and energy prices are pressuring chip stocks.
• CEO Lip-Bu Tan purchased 105,263 Intel shares for roughly $10 million, increasing his ownership by 8.7%. Intel shares opened at $107.08, while analysts maintain a consensus “Hold” rating with an average price target of $109.06 ahead of the company’s October 29 earnings report.

GAMMA Investing LLC grew its stake in Intel Corporation (NASDAQ:INTC - Free Report) by 5.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 119,474 shares of the chip maker's stock after buying an additional 5,840 shares during the period. GAMMA Investing LLC's holdings in Intel were worth $14,364,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of INTC. Primecap Management Co. CA acquired a new position in Intel in the second quarter valued at $10,507,291,000. Legal & General Group Plc acquired a new stake in shares of Intel during the second quarter worth about $4,096,110,000. Canada Pension Plan Investment Board acquired a new stake in shares of Intel during the second quarter worth about $1,848,438,000. Bank of America Corp DE lifted its holdings in shares of Intel by 35.7% in the 2nd quarter. Bank of America Corp DE now owns 31,724,362 shares of the chip maker's stock valued at $4,429,673,000 after purchasing an additional 8,342,514 shares during the last quarter. Finally, State Street Corp boosted its position in shares of Intel by 2.8% in the 4th quarter. State Street Corp now owns 208,536,784 shares of the chip maker's stock valued at $7,695,007,000 after purchasing an additional 5,714,400 shares during the period. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel News Roundup

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel remains involved in Musk’s Terafab initiative, according to CEO Lip-Bu Tan, although Tesla and SpaceX are expected to operate the project. This eases concerns that Intel could be excluded entirely. Intel to keep working on Musk's Terafab chipmaking venture
• Positive Sentiment: Anaconda expanded its collaboration with Intel, making Intel-optimized AI, machine-learning and Python packages easier to access through the conda ecosystem. The companies said downloads have surpassed 500 million, supporting Intel’s software and enterprise-AI ecosystem. Anaconda expands collaboration with Intel
• Positive Sentiment: Intel’s high-NA EUV manufacturing progress and growing foundry capabilities continue to support the turnaround thesis. However, investors are now focused on attracting customers, increasing utilization and generating acceptable returns. Is Intel a Buy After Its High-NA EUV Breakthrough?
• Neutral Sentiment: Intel is scheduled to report third-quarter results on October 29. Investors are likely to emphasize adjusted gross margin and profitability, rather than revenue alone, after the company exceeded its prior revenue outlook while guiding to roughly 42% gross margin. The number that will move Intel stock in October isn't revenue
• Negative Sentiment: Potential involvement by Taiwan Semiconductor Manufacturing in Terafab threatens to dilute Intel’s previously expected strategic role, raising concerns about the value of the project as a foundry catalyst. TSMC could partner with Elon Musk's Terafab
• Negative Sentiment: The broader market backdrop was unfavorable for high-growth technology stocks: higher energy prices and bond yields increased inflation and interest-rate concerns, pressuring Intel alongside AMD and other chipmakers. The stock also appeared vulnerable to valuation-related profit-taking after its sharp advance. Why Intel and AMD stocks are plunging

Insider Buying and Selling

In related news, CEO Lip Bu Tan bought 105,263 shares of the firm's stock in a transaction on Tuesday, August 11th. The shares were bought at an average cost of $95.00 per share, for a total transaction of $9,999,985.00. Following the transaction, the chief executive officer 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 purchase was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.05% of the company's stock.

Intel Price Performance

Shares of NASDAQ:INTC opened at $107.08 on Friday. Intel Corporation has a 52 week low of $32.89 and a 52 week high of $142.35. The company has a 50-day moving average price of $102.90 and a 200 day moving average price of $99.42. The company has a market cap of $540.11 billion, a P/E ratio of -50.75, a PEG ratio of 12.07 and a beta of 2.22. The company has a quick ratio of 1.25, a current ratio of 1.60 and a debt-to-equity ratio of 0.47.

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, topping the consensus estimate of $0.21 by $0.21. The company 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%.The firm's quarterly revenue was up 25.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.10) EPS. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. Research analysts predict that Intel Corporation will post 1.04 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently issued reports on INTC. DA Davidson raised their price target on Intel from $77.00 to $100.00 and gave the stock a "neutral" rating in a research note on Friday, July 24th. Wedbush boosted their price objective on Intel from $60.00 to $98.00 and gave the company a "neutral" rating in a research note on Friday, July 24th. Barclays raised Intel from a "hold" rating to an "overweight" rating in a report on Wednesday, September 16th. Truist Financial raised their target price on shares of Intel from $81.00 to $108.00 and gave the stock a "hold" rating in a research report on Friday, July 24th. Finally, Piper Sandler assumed coverage on shares of Intel in a report on Wednesday, September 9th. They issued a "neutral" rating and a $110.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, twenty-six have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $109.06.

Intel Company 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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