L2 Asset Management LLC Invests $3.27 Million in Intel Corporation $INTC

Key Points

• L2 Asset Management initiated a $3.27 million position in Intel during the second quarter, buying 23,444 shares. Institutional investors collectively own 64.53% of the company.
• Intel CEO Lip-Bu Tan purchased 105,263 shares for approximately $10 million, increasing his ownership by 8.7%, a move that may signal confidence in the company’s recovery strategy.
• Intel exceeded quarterly expectations with $16.13 billion in revenue and $0.42 in EPS, but analysts remain cautious: the stock carries a consensus “Hold” rating and an average price target of $107.46.

L2 Asset Management LLC bought a new position in Intel Corporation (NASDAQ:INTC - Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 23,444 shares of the chip maker's stock, valued at approximately $3,273,000.

Several other large investors have also added to or reduced their stakes in INTC. Norges Bank bought a new stake in Intel during the 4th quarter worth approximately $2,233,159,000. Capital Research Global Investors lifted its holdings in shares of Intel by 285.9% in the fourth quarter. Capital Research Global Investors now owns 26,619,928 shares of the chip maker's stock valued at $982,279,000 after purchasing an additional 19,722,010 shares in the last quarter. Capital World Investors lifted its holdings in shares of Intel by 20.3% in the fourth quarter. Capital World Investors now owns 104,060,268 shares of the chip maker's stock valued at $3,839,833,000 after purchasing an additional 17,557,147 shares in the last quarter. Morgan Stanley boosted its position in shares of Intel by 20.4% during the fourth quarter. Morgan Stanley now owns 65,249,269 shares of the chip maker's stock valued at $2,407,698,000 after buying an additional 11,056,090 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of Intel by 61.3% during the third quarter. AQR Capital Management LLC now owns 25,001,621 shares of the chip maker's stock valued at $838,804,000 after buying an additional 9,503,402 shares during the last quarter. Institutional investors own 64.53% of the company's stock.

Insider Buying and Selling

In other Intel news, CEO Lip Bu Tan acquired 105,263 shares of the business's stock in a transaction that occurred on Tuesday, August 11th. The stock was bought at an average cost of $95.00 per share, with a total value of $9,999,985.00. Following the acquisition, the chief executive officer owned 1,314,669 shares in the company, valued at approximately $124,893,555. This represents a 8.70% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.05% of the company's stock.

More Intel News

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel CEO Lip-Bu Tan reportedly purchased approximately $10 million of company stock, a transaction investors may view as a sign of management confidence in the foundry recovery and long-term strategy. CEO Lip-Bu Tan Just Gave 12 Million Reasons to Buy Intel Stock
• Positive Sentiment: Commentary continues to highlight potential foundry contracts, advanced packaging and high-bandwidth-memory opportunities. A possible relationship with SK Hynix had fueled optimism that Intel could attract a major external customer, although the report was subsequently denied by SK Hynix. Intel Stock Notches Up as SK Hynix Considers New Deal
• Positive Sentiment: A partnership expansion with Kasm Technologies supports private, on-premises AI inference using Intel Xeon 6 processors, reinforcing Intel’s opportunity in regulated markets where customers want data to remain within corporate networks. Intel’s Privacy-Focused AI and Foundry Momentum

Intel Price Performance

Intel stock opened at $88.97 on Wednesday. The business's 50 day simple moving average is $102.74 and its 200 day simple moving average is $87.23. Intel Corporation has a 12 month low of $23.68 and a 12 month high of $142.35. The company has a market cap of $448.76 billion, a price-to-earnings ratio of -42.17, a PEG ratio of 9.88 and a beta of 2.22. The company has a current ratio of 1.60, a quick ratio of 1.25 and a debt-to-equity ratio of 0.47.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The chip maker reported $0.42 EPS for the quarter, beating the consensus estimate of $0.21 by $0.21. The business had revenue of $16.13 billion for the quarter, compared to the consensus estimate of $14.43 billion. Intel had a negative net margin of 19.79% and a positive return on equity of 2.62%. The company's revenue was up 25.2% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.10) earnings per share. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. Sell-side analysts forecast that Intel Corporation will post 1.01 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on INTC. Arete Research increased their price target on Intel from $20.40 to $99.00 and gave the company a "neutral" rating in a research report on Wednesday, June 10th. Stifel Nicolaus reduced their target price on shares of Intel from $120.00 to $110.00 and set a "hold" rating for the company in a research note on Friday, July 24th. Jefferies Financial Group began coverage on shares of Intel in a research report on Thursday, June 11th. They set a "buy" rating on the stock. New Street Research boosted their price target on shares of Intel from $100.00 to $122.00 in a report on Friday, June 26th. Finally, Citigroup raised shares of Intel from a "positive" rating to a "buy" rating in a research report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, thirty-one have issued a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat, Intel currently has an average rating of "Hold" and a consensus target price of $107.46.

Intel Profile

Intel Corporation, founded in 1968 by Robert Noyce and Gordon E. Moore and headquartered in Santa Clara, California, is a leading global designer and manufacturer of semiconductor products. The company is historically notable for introducing the first commercial microprocessor and for driving the x86 architecture that underpins many personal computers and servers. Intel's core business spans the design, fabrication and marketing of processors, chipsets and related components for a wide range of computing applications.

Intel's product portfolio includes client and mobile processors marketed under brands such as Intel Core and Pentium, as well as high-performance Xeon processors for data centers and cloud infrastructure.

Want to see what other hedge funds are holding INTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intel Corporation (NASDAQ:INTC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source