Massachusetts Financial Services Co. MA Cuts Stock Holdings in Intel Corporation $INTC

Key Points

• Massachusetts Financial Services cut its Intel stake by 84.2% in the second quarter, selling 2.9 million shares and retaining 544,582 shares valued at approximately $76.8 million.
• Intel CEO Lip-Bu Tan purchased 105,263 shares for roughly $10 million, increasing his direct ownership by 8.7%; other institutional investors made mixed adjustments, while institutions overall own 64.53% of the stock.
• Intel reported stronger-than-expected quarterly results, with revenue up 25.2% year over year, but investor sentiment remains mixed amid a planned $15 billion stock offering, dilution concerns, and an analyst consensus rating of “Hold” with a $107.46 price target.

Massachusetts Financial Services Co. MA reduced its stake in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 84.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 544,582 shares of the chip maker's stock after selling 2,905,320 shares during the quarter. Massachusetts Financial Services Co. MA's holdings in Intel were worth $76,834,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Sivia Capital Partners LLC boosted its holdings in Intel by 271.7% during the 2nd quarter. Sivia Capital Partners LLC now owns 34,201 shares of the chip maker's stock valued at $766,000 after acquiring an additional 25,001 shares during the period. United Bank purchased a new position in Intel in the 2nd quarter worth approximately $205,000. Gamco Investors INC. ET AL increased its stake in Intel by 12.3% in the 2nd quarter. Gamco Investors INC. ET AL now owns 13,737 shares of the chip maker's stock worth $308,000 after purchasing an additional 1,508 shares during the period. NewEdge Advisors LLC lifted its position in Intel by 29.6% in the second quarter. NewEdge Advisors LLC now owns 158,277 shares of the chip maker's stock valued at $3,545,000 after purchasing an additional 36,116 shares during the last quarter. Finally, Sei Investments Co. lifted its position in Intel by 9.9% in the second quarter. Sei Investments Co. now owns 828,352 shares of the chip maker's stock valued at $18,556,000 after purchasing an additional 74,838 shares during the last quarter. Hedge funds and other institutional investors own 64.53% of the company's stock.

Insider Buying and Selling at Intel

In related news, CEO Lip Bu Tan purchased 105,263 shares of Intel stock in a transaction that occurred on Tuesday, August 11th. The shares were bought at an average price of $95.00 per share, for a total transaction of $9,999,985.00. Following the completion of the transaction, the chief executive officer directly owned 1,314,669 shares of the company's stock, valued at $124,893,555. This represents a 8.70% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 is embarking on a roughly $15 billion stock offering aimed at expanding its ability to capitalize on demand for AI infrastructure. While the financing could support growth in processors, data centers and foundry operations, investors will also assess the potential dilution. Intel embarks on $15 billion stock offering to capitalize on AI demand
• Positive Sentiment: Tiger Global increased its Intel position during the second quarter, providing an additional institutional vote of confidence in the company’s AI, data-center and foundry prospects. Tiger Global Added to Its Position in Intel in Q2
• Positive Sentiment: CEO Lip-Bu Tan reportedly purchased another 105,000-plus Intel shares, following his roughly $10 million open-market investment earlier in August. The buying signals management confidence after second-quarter revenue grew 25% year over year. CEO Lip-Bu Tan Just Bought Another 105,000 Shares of Intel Stock
• Positive Sentiment: Demand for server CPUs is reportedly strengthening as agentic AI workloads expand, potentially creating a new growth opportunity for Intel while its turnaround progresses. Intel is also seeking to challenge TSMC in advanced AI chip packaging. The AI Boom Has a New Chip Shortage. Intel Is Ready
• Neutral Sentiment: Intel’s client-computing business is gaining momentum from AI PCs, edge AI, robotics and physical AI, but investors are looking for evidence that these opportunities can produce sustained growth beyond traditional PC demand. INTC's Client Computing Business Gains Momentum
• Negative Sentiment: Stanley Druckenmiller’s Duquesne Family Office exited its entire Intel position—about 411,400 shares—during the second quarter and redirected capital toward other AI infrastructure stocks. The sale adds pressure to sentiment despite Intel’s recent operating improvement. Druckenmiller Dumped Micron, Intel, and Broadcom
• Negative Sentiment: Intel is being pressured by a broader semiconductor selloff and concerns that Google’s reported $12.2 billion custom-chip deal with Marvell could intensify competition for AI hardware spending. Broadcom Holds Steady as ARK Buys the Dip, Intel Slips
• Negative Sentiment: The planned equity issuance raises dilution concerns, particularly after Intel’s recent secondary financing. Investors may be questioning whether the substantial capital requirements of Intel’s foundry and AI strategies will translate into profitable returns quickly.

Intel Price Performance

Shares of Intel stock opened at $92.13 on Friday. The business has a 50 day moving average of $109.12 and a 200 day moving average of $84.96. Intel Corporation has a 52 week low of $22.77 and a 52 week high of $142.35. The company has a market cap of $464.70 billion, a PE ratio of -43.66 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 quarterly earnings results on Thursday, July 23rd. The chip maker reported $0.42 earnings per share 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 analysts' expectations of $14.43 billion. Intel had a negative net margin of 19.79% and a positive return on equity of 2.62%. The firm's revenue for the quarter was up 25.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.10) earnings per share. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. As a group, equities research analysts forecast that Intel Corporation will post 1.01 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on INTC. Susquehanna raised their target price on shares of Intel from $80.00 to $115.00 and gave the stock a "neutral" rating in a report on Thursday, July 16th. Needham & Company LLC reiterated a "hold" rating on shares of Intel in a report on Friday, July 24th. Benchmark increased their price target on shares of Intel from $105.00 to $140.00 and gave the company a "buy" rating in a research report on Monday, May 18th. Mizuho cut their price target on shares of Intel from $135.00 to $109.00 and set a "neutral" rating on the stock in a report on Friday, July 24th. Finally, Freedom Capital upgraded shares of Intel from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 28th. One equities 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 given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $107.46.

About Intel

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.

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