Intel Corporation $INTC Stock: North Dakota State Investment Board Grows Position

Key Points

• North Dakota State Investment Board increased its Intel position by 8.2% in the third quarter, owning 139,939 shares valued at approximately $16.8 million. Institutional investors and hedge funds collectively hold 64.53% of Intel’s outstanding stock.
• Intel CEO Lip-Bu Tan purchased 105,263 shares at $95 each, increasing his direct ownership by 8.7%, though corporate insiders still own only 0.05% of the company.
• Analyst sentiment remains mixed, with Intel carrying a consensus “Hold” rating and an average price target of $108.23. Potential catalysts include AI infrastructure demand and the proposed Classiq quantum-computing acquisition, while competition, margin pressure, costs, and uncertain cash-flow returns remain key risks.

North Dakota State Investment Board grew its position in Intel Corporation (NASDAQ:INTC - Free Report) by 8.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 139,939 shares of the chip maker's stock after acquiring an additional 10,660 shares during the quarter. Intel comprises 0.7% of North Dakota State Investment Board's holdings, making the stock its 22nd largest position. North Dakota State Investment Board's holdings in Intel were worth $16,825,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in INTC. State Street Corp raised its stake in Intel by 1.2% in the 2nd quarter. State Street Corp now owns 216,849,675 shares of the chip maker's stock valued at $30,278,720,000 after purchasing an additional 2,528,657 shares during the last quarter. Primecap Management Co. CA purchased a new position in Intel in the 2nd quarter valued at $10,507,291,000. Amundi lifted its holdings in Intel by 14.9% in the 1st quarter. Amundi now owns 38,969,192 shares of the chip maker's stock valued at $1,719,710,000 after purchasing an additional 5,045,936 shares in the last quarter. Bank of America Corp DE boosted its stake in Intel by 35.7% during the 2nd 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 boosted its stake in Intel by 0.4% during the 1st 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 purchasing an additional 112,054 shares during the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Intel

In related news, CEO Lip Bu Tan purchased 105,263 shares of Intel stock in a transaction dated Tuesday, August 11th. The shares were acquired at an average price of $95.00 per share, for a total transaction of $9,999,985.00. Following 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 ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.05% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

INTC has been the subject of a number of research reports. Wells Fargo & Company upped their target price 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. Mizuho increased their target price on shares of Intel from $92.00 to $114.00 and gave the company a "neutral" rating in a research report on Tuesday, October 6th. Wall Street Zen downgraded shares of Intel from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. Stifel Nicolaus lowered their price target on shares of Intel from $120.00 to $110.00 and set a "hold" rating on the stock in a research report on Friday, July 24th. Finally, Robert W. Baird upped their price objective on shares of Intel from $75.00 to $125.00 and gave the company a "neutral" rating in a research note on Friday, July 24th. Two analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, twenty-six have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Intel currently has a consensus rating of "Hold" and a consensus target price of $108.23.

Key Intel News

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel agreed to acquire Classiq, seeking to build a full-stack quantum-computing platform that combines software with its semiconductor expertise. Investors view the deal as a strategic expansion into a potentially significant long-term market, although its commercial payoff is uncertain. Intel to acquire Classiq to build full-stack quantum computing platform
• Positive Sentiment: Options activity indicates traders are positioned for a substantial move following the earnings release, with several reports suggesting a potential upside reaction. Consensus cited in the coverage calls for approximately $16.48 billion in quarterly revenue and $0.40 in adjusted EPS, representing strong year-over-year growth. Intel Q3 earnings options outlook
• Positive Sentiment: Analysts and previews highlighted potential support from AI infrastructure demand, higher data-center revenue, Xeon processors, Core Ultra products, and Intel’s expanded Oracle AI-cloud partnership. Zacks upgraded Intel from “hold” to “strong buy,” while New Street Research also raised its rating to “buy.” Intel stock and Oracle AI partnership
• Neutral Sentiment: Intel’s objection to the proposed OKX-ICE tokenized-stock platform is a corporate and regulatory matter with limited direct effect on earnings or near-term valuation. Intel objects to tokenized stock plan
• Negative Sentiment: The Classiq purchase raises concerns about capital allocation and cash-flow capacity, particularly because quantum computing remains an immature market without clear near-term revenue. Intel quantum acquisition and cash flow concerns
• Negative Sentiment: Competition remains intense: Nvidia is expanding its CPU business, while Intel continues to face margin pressure, elevated costs, China risks, and uncertainty over whether its recovery can be sustained. Rosenblatt reaffirmed a “sell” rating with an $80 price target. Intel turnaround and analyst outlook

Intel Stock Performance

NASDAQ INTC opened at $95.53 on Thursday. The stock's fifty day moving average is $101.65 and its two-hundred day moving average is $86.02. The firm has a market capitalization of $481.85 billion, a P/E ratio of -45.27, a price-to-earnings-growth 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. Intel Corporation has a fifty-two week low of $32.89 and a fifty-two week high of $142.35.

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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