Intel Corporation $INTC Stock Sold by Triasima Portfolio Management inc.

Key Points

• Triasima Portfolio Management cut its Intel position by 22.1% in the third quarter, selling 13,658 shares and retaining 48,282 shares valued at approximately $5.8 million.
• Institutional ownership remains substantial at 64.53%, with several major investors—including State Street, Bank of America and Assenagon—adding to their positions during recent quarters.
• Intel reported quarterly revenue of $16.13 billion and EPS of $0.42, exceeding analyst expectations, while Wall Street’s consensus rating remains “Hold” with an average price target of $109.06. CEO Lip-Bu Tan also purchased nearly $10 million of Intel shares.

Triasima Portfolio Management inc. trimmed its holdings in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 22.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 48,282 shares of the chip maker's stock after selling 13,658 shares during the period. Triasima Portfolio Management inc.'s holdings in Intel were worth $5,805,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. State Street Corp boosted its position in shares of Intel by 1.2% during 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 buying an additional 2,528,657 shares during the last quarter. Primecap Management Co. CA bought a new stake in Intel in the 2nd quarter worth about $10,507,291,000. Bank of America Corp DE raised its position in 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 worth $4,429,673,000 after buying an additional 8,342,514 shares during the last quarter. Legal & General Group Plc purchased a new position in Intel in the 2nd quarter worth about $4,096,110,000. Finally, Assenagon Asset Management S.A. raised its position in Intel by 87.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 30,214,769 shares of the chip maker's stock worth $3,632,722,000 after buying an additional 14,063,302 shares during the last quarter. Institutional investors own 64.53% of the company's stock.

Intel Stock Performance

INTC stock opened at $95.37 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.60 and a quick ratio of 1.25. Intel Corporation has a 1 year low of $32.89 and a 1 year high of $142.35. The company has a market cap of $481.05 billion, a P/E ratio of -45.20, a price-to-earnings-growth ratio of 10.47 and a beta of 2.22. The stock's fifty day moving average price is $103.29 and its 200-day moving average price is $101.39.

Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The chip maker reported $0.42 EPS for the quarter, beating analysts' consensus estimates of $0.21 by $0.21. Intel had a positive return on equity of 2.62% and a negative net margin of 19.79%. The company had revenue of $16.13 billion during the quarter, compared to analysts' expectations of $14.43 billion. During the same quarter in the prior year, the business earned ($0.10) earnings per share. Intel's revenue for the quarter was up 25.2% compared to the same quarter last year. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. On average, equities analysts forecast that Intel Corporation will post 1.04 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on INTC shares. UBS Group upgraded shares of Intel from a "hold" rating to a "buy" rating in a research note on Tuesday, September 8th. New Street Research lifted their price target on shares of Intel from $100.00 to $122.00 in a research note on Friday, June 26th. Roth Capital lifted their price target on shares of Intel from $100.00 to $120.00 and gave the stock a "buy" rating in a research note on Friday, July 24th. Wedbush boosted their price objective on shares of Intel from $60.00 to $98.00 and gave the company a "neutral" rating in a report on Friday, July 24th. Finally, Barclays raised shares of Intel from a "hold" rating to an "overweight" rating in a report on Wednesday, September 16th. One 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $109.06.

Key Headlines Impacting Intel

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel’s Crescent Island inference GPU has reportedly reached customer testing, supporting the company’s effort to expand beyond CPUs and compete in lower-cost AI inference. Intel’s 350-Watt Inference GPU Reaches Customer Testing
• Positive Sentiment: Recent results showed approximately 25% year-over-year quarterly revenue growth, while strong AI-chip demand forecasts from ASML and analyst support for Intel ahead of its next earnings report provide a potential longer-term tailwind. AI Demand to Exceed Supply
• Neutral Sentiment: A technical trading signal reportedly triggered a rebound during the session, but this reflects short-term trading activity rather than a change in Intel’s fundamentals. Intel Shares Rise After Key Trading Signal
• Negative Sentiment: An explosion and fire at Intel’s Kiryat Gat manufacturing facility in Israel, with serious injuries and reported fatalities, raised concerns about operational disruption, employee safety and potential production impacts. Intel Slides After Plant Blast in Israel
• Negative Sentiment: TSMC’s comments that it could support customers if Intel’s advanced-packaging ramp falls short highlighted execution risk and intensified competitive pressure on Intel’s foundry strategy. TSMC Comments on Intel’s Advanced Packaging Ramp
• Negative Sentiment: The wider chip sector faced selling pressure amid reported progress by Chinese memory maker CXMT, concerns about slowing or difficult-to-finance AI infrastructure spending, higher interest rates and renewed inflation worries. These factors are particularly significant for Intel after its substantial 2026 rally. What Is Driving Attention on Intel Stock

Insider Activity

In other news, CEO Lip Bu Tan purchased 105,263 shares of the business's stock in a transaction on Tuesday, August 11th. The stock was acquired at an average cost of $95.00 per share, for a total transaction of $9,999,985.00. Following the purchase, the chief executive officer directly owned 1,314,669 shares in the company, valued at $124,893,555. This trade represents a 8.70% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.05% of the stock is currently owned by corporate insiders.

About Intel

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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