OneAscent Financial Services LLC Invests $1.06 Million in Intel Corporation $INTC

Key Points

• OneAscent Financial Services acquired 7,607 Intel shares worth approximately $1.06 million in the second quarter, while institutional investors collectively own 64.53% of the company.
• CEO Lip-Bu Tan purchased 105,263 shares for nearly $10 million at $95 per share, increasing his position by 8.7% and signaling management confidence in Intel’s turnaround.
• Intel beat quarterly earnings and revenue expectations, but analysts maintain a consensus “Hold” rating with a $107.46 target price; ongoing foundry losses, competition and execution risks remain key concerns.

OneAscent Financial Services LLC acquired a new stake in Intel Corporation (NASDAQ:INTC - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 7,607 shares of the chip maker's stock, valued at approximately $1,062,000.

A number of other large investors have also added to or reduced their stakes in the business. iA Global Asset Management Inc. increased its holdings in Intel by 17.0% in the fourth quarter. iA Global Asset Management Inc. now owns 593,043 shares of the chip maker's stock valued at $21,883,000 after purchasing an additional 86,189 shares during the period. Whalerock Point Partners LLC bought a new stake in shares of Intel in the 4th quarter valued at about $205,000. Dixon Mitchell Investment Counsel Inc. bought a new stake in shares of Intel in the 4th quarter valued at about $185,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Intel by 5.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 255,261 shares of the chip maker's stock valued at $9,419,000 after buying an additional 13,858 shares during the period. Finally, Legal & General Group Plc raised its position in shares of Intel by 1.3% during the fourth quarter. Legal & General Group Plc now owns 34,012,894 shares of the chip maker's stock worth $1,255,076,000 after acquiring an additional 423,481 shares during the last quarter. Institutional investors own 64.53% of the company's stock.

Insider Buying and Selling

In related news, CEO Lip Bu Tan purchased 105,263 shares of the firm's stock in a transaction on Tuesday, August 11th. The stock was purchased at an average cost of $95.00 per share, with a total value of $9,999,985.00. Following the completion of the purchase, the chief executive officer owned 1,314,669 shares in the company, valued at approximately $124,893,555. This trade represents a 8.70% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.05% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on INTC shares. HC Wainwright set a $150.00 price objective on Intel in a research note on Monday, June 29th. Truist Financial raised their price target on shares of Intel from $81.00 to $108.00 and gave the stock a "hold" rating in a report on Friday, July 24th. JPMorgan Chase & Co. boosted their price target on shares of Intel from $45.00 to $85.00 and gave the stock an "underweight" rating in a research report on Friday, July 24th. Moffett Nathanson cut shares of Intel to a "neutral" rating in a research report on Thursday, June 11th. Finally, Zacks Research downgraded shares of Intel from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, thirty-one have assigned a Hold rating and three have issued 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 $107.46.

Trending Headlines about Intel

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Chief Executive Officer Lip-Bu Tan reportedly purchased approximately $10 million of Intel stock at $95 per share earlier this month. The shares now trade below that level, making the purchase a potential signal of management’s confidence in Intel’s turnaround. Intel CEO insider purchase article
• Positive Sentiment: Fundstrat ETFs added Intel to a quarterly rebalance, which could provide incremental institutional demand and reflects improving sentiment toward the chipmaker. Fundstrat ETF rebalance article
• Positive Sentiment: Intel has gained attention from investors following reports of a new Advantech connection and its potential role in AI infrastructure. Strong Nvidia results also reinforced expectations that demand for data-center and AI-related hardware remains robust. Intel Advantech connection article
• Neutral Sentiment: Reports that investor Nancy Pelosi bought Intel shares and call options may support retail and political-investor interest, but the trade does not change Intel’s operating outlook. Nancy Pelosi Intel investment article
• Negative Sentiment: Intel’s manufacturing operations reportedly continue to lose money on wafers, much of which are sold internally. The stock’s elevated valuation appears to assume that the foundry business eventually becomes profitable, leaving substantial execution risk if losses persist. Intel manufacturing losses article
• Negative Sentiment: Intel is also being pressured by broad semiconductor profit-taking after Nvidia’s earnings-fueled rally. Raymond James reportedly prefers AMD over Intel among the two AI-exposed CPU companies, highlighting competitive concerns and uncertainty over Intel’s ability to convert AI demand into durable growth. Semiconductor profit-taking article

Intel Price Performance

Shares of INTC opened at $89.47 on Monday. The firm has a market cap of $451.29 billion, a PE ratio of -42.40, a price-to-earnings-growth ratio of 9.89 and a beta of 2.22. Intel Corporation has a 52-week low of $23.68 and a 52-week high of $142.35. The business's 50 day moving average price is $104.64 and its two-hundred day moving average price is $86.65. 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 (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $16.13 billion during 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 quarterly revenue was up 25.2% on a year-over-year basis. During the same quarter last year, the firm posted ($0.10) EPS. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. On average, equities analysts anticipate that Intel Corporation will post 1 EPS for the current year.

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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