New Mexico Educational Retirement Board Grows Stock Position in Intel Corporation $INTC

Key Points

• New Mexico Educational Retirement Board increased its Intel stake by 16.5% in the second quarter, adding 33,100 shares to reach 233,470 shares valued at approximately $32.6 million.
• Intel CEO Lip-Bu Tan purchased 105,263 shares for about $10 million, raising his direct ownership by 8.7%; institutional investors and hedge funds collectively own 64.53% of the company.
• Intel exceeded quarterly expectations with $0.42 in earnings per share and $16.13 billion in revenue, but analyst sentiment remains mixed: the consensus rating is Hold with a $107.01 price target, while concerns include weak PC demand, margin pressure and competition from Nvidia.

New Mexico Educational Retirement Board grew its holdings in Intel Corporation (NASDAQ:INTC - Free Report) by 16.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 233,470 shares of the chip maker's stock after acquiring an additional 33,100 shares during the quarter. Intel accounts for approximately 0.8% of New Mexico Educational Retirement Board's holdings, making the stock its 15th largest holding. New Mexico Educational Retirement Board's holdings in Intel were worth $32,599,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. State Street Corp grew its position in Intel by 2.8% during the 4th quarter. State Street Corp now owns 208,536,784 shares of the chip maker's stock worth $7,695,007,000 after purchasing an additional 5,714,400 shares during the last quarter. Capital World Investors raised 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 worth $3,839,833,000 after buying an additional 17,557,147 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Intel by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 101,931,512 shares of the chip maker's stock worth $3,744,406,000 after buying an additional 3,124,798 shares during the last quarter. Primecap Management Co. CA acquired a new stake in shares of Intel during the second quarter worth $10,507,291,000. Finally, Morgan Stanley lifted its stake 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 worth $2,407,698,000 after buying an additional 11,056,090 shares during the period. Institutional investors and hedge funds own 64.53% of the company's stock.

Insider Buying and Selling

In other news, CEO Lip Bu Tan acquired 105,263 shares of the company's stock in a transaction dated Tuesday, August 11th. The shares were acquired at an average price of $95.00 per share, with a total value of $9,999,985.00. Following the purchase, the chief executive officer directly owned 1,314,669 shares of the company's stock, valued at $124,893,555. This trade represents a 8.70% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.05% of the company's stock.

Intel Stock Performance

Shares of INTC stock opened at $95.80 on Friday. Intel Corporation has a 52-week low of $24.05 and a 52-week high of $142.35. The company has a quick ratio of 1.25, a current ratio of 1.60 and a debt-to-equity ratio of 0.47. The stock has a market cap of $483.22 billion, a PE ratio of -45.40, a price-to-earnings-growth ratio of 10.58 and a beta of 2.22. The business has a 50-day simple moving average of $100.45 and a 200-day simple moving average of $87.91.

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

Intel News Roundup

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Dell’s strong server performance supported Intel’s data-center outlook. Dell reported a 122% increase in server revenue, prompting analysts to argue that demand for Intel CPUs is accelerating as AI infrastructure requires a substantial number of traditional processors alongside GPUs. Intel stock rises as Dell earnings point to CPU demand
• Positive Sentiment: A bullish $200 price target added momentum. Global Equities Research analyst Trip Chowdhry identified Intel as a direct beneficiary of rising CPU-to-GPU ratios in AI clusters, the continued enterprise presence of x86 processors and the potential of Intel’s Clearwater Forest architecture. The target implies substantial upside, although it is an individual analyst forecast rather than a consensus estimate. Dell earnings and Intel CPU demand
• Positive Sentiment: Estimate revisions have been trending higher. Analysts cited AI demand, manufacturing improvements and growth in custom silicon as potential offsets to supply constraints and competitive pressure. Intel’s recent revenue growth and plans for more than $20 billion in 2026 capital spending also reinforce the long-term recovery narrative. Intel estimate revisions
• Neutral Sentiment: Semiconductor-sector strength provided a broad-market tailwind. Intel, AMD and Nvidia advanced even as stronger employment data increased expectations for a possible Federal Reserve rate hike. Separate commentary arguing that Nvidia’s earnings reduced fears of an AI spending bubble also helped maintain investor interest in chip stocks. Chip stocks rise despite rate concerns
• Negative Sentiment: Mizuho lowered its Intel price target to $92 from $109 and maintained a Hold rating. The analyst warned that weaker PC demand and near-term margin pressure could limit the benefit from Intel’s AI-related growth. Nvidia’s expanding server CPU business also remains a competitive risk. Mizuho lowers Intel price target

Analyst Ratings Changes

Several equities analysts recently issued reports on INTC shares. HC Wainwright set a $150.00 target price on Intel in a research report on Monday, June 29th. Benchmark lifted their price target on Intel from $105.00 to $140.00 and gave the stock a "buy" rating in a research report on Monday, May 18th. Weiss Ratings downgraded Intel from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Tuesday, August 18th. Needham & Company LLC reissued a "hold" rating on shares of Intel in a report on Friday, July 24th. Finally, Oppenheimer initiated coverage on Intel in a research note on Thursday, June 11th. They issued an "outperform" rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, thirty-one have given a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $107.01.

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.

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