Perigon Wealth Management LLC Sells 10,391 Shares of Intel Corporation $INTC

Key Points

• Perigon Wealth Management cut its Intel stake by 15.3%. The firm sold 10,391 shares in the second quarter and retained 57,407 shares valued at approximately $8.0 million.
• Intel CEO Lip-Bu Tan purchased 105,263 shares at $95 each, increasing his holdings by 8.7%. Institutional investors collectively own 64.53% of Intel, while corporate insiders own 0.05%.
• Intel’s latest quarterly results surpassed expectations, with $0.42 in adjusted EPS and $16.13 billion in revenue, up 25.2% year over year. Despite positive AI-related sentiment, the analyst consensus remains Hold, with an average price target of $107.46 amid ongoing turnaround and dilution concerns.

Perigon Wealth Management LLC lowered its holdings in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 15.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 57,407 shares of the chip maker's stock after selling 10,391 shares during the quarter. Perigon Wealth Management LLC's holdings in Intel were worth $8,016,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Glynn Capital Management LLC bought a new stake in shares of Intel during the second quarter worth $29,000. Beaird Harris Wealth Management LLC grew its holdings in shares of Intel by 3,185.7% in the second quarter. Beaird Harris Wealth Management LLC now owns 230 shares of the chip maker's stock worth $32,000 after purchasing an additional 223 shares during the last quarter. Carolina Wealth Advisors LLC increased its stake in Intel by 167.0% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 267 shares of the chip maker's stock worth $37,000 after buying an additional 167 shares during the period. Ramsey Quantitative Systems bought a new stake in Intel during the 2nd quarter valued at about $50,000. Finally, Allied Private Wealth LLC bought a new stake in Intel during the 2nd quarter valued at about $68,000. Institutional investors own 64.53% of the company's stock.

Insiders Place Their Bets

In related news, CEO Lip Bu Tan bought 105,263 shares of the company's stock in a transaction on 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 transaction, the chief executive officer owned 1,314,669 shares of the company's stock, valued at $124,893,555. The trade was a 8.70% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.05% of the stock is currently owned by corporate insiders.

Trending Headlines about Intel

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Strong Nvidia results lifted the sector. Nvidia’s blowout quarter and projection for roughly 70% revenue growth in fiscal 2028 reinforced that AI demand remains far above available supply. Investors bid up related semiconductor names, including Intel, as CPUs and other infrastructure components are expected to benefit from expanded AI deployments. Why Is Intel Stock Surging on Thursday?
• Positive Sentiment: Potential U.S. chip tariffs increased Intel’s strategic appeal. Reports of broad tariffs on imported chips encouraged speculation that Intel, as a U.S.-based manufacturer and foundry candidate, could receive additional policy support or gain a competitive advantage. Why Is Intel Stock Surging on Thursday?
• Positive Sentiment: An Advantech connection highlighted Intel’s AI infrastructure ambitions. The relationship points to potential progress placing Intel chips and platforms into AI infrastructure and edge-computing applications, though financial details were not provided. Intel Stock Gains with New Advantech Connection
• Positive Sentiment: Congressional buying added bullish publicity. Nancy Pelosi reportedly purchased Intel shares and call options, potentially attracting momentum-oriented investors, although the transaction does not change Intel’s fundamentals. Nancy Pelosi Buys Intel
• Neutral Sentiment: Intel’s first-half operating cash flow rose sharply to $8.1 billion, but heavy capital spending continues to pressure free cash flow. Intel Sees Strong Cash Flow Growth
• Negative Sentiment: Analyst warnings about intense competition and uncertainty surrounding Intel’s turnaround remain a risk. The company’s previously reported roughly $20 billion equity offering also creates dilution concerns and helps explain the stock’s wide valuation swings. Simon Leopold Offers Warning

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Zacks Research downgraded shares of Intel from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 31st. KeyCorp set a $125.00 price target on shares of Intel in a research note on Friday, July 24th. Daiwa Securities Group cut Intel from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 4th. Weiss Ratings downgraded Intel from a "hold (c-)" rating to a "sell (d+)" rating in a report on Tuesday, August 18th. Finally, Wolfe Research assumed coverage on Intel in a research report on Thursday, June 11th. They set a "peer perform" rating for the company. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, thirty-one have assigned a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $107.46.

Intel Trading Up 4.4%

NASDAQ:INTC opened at $92.09 on Friday. Intel Corporation has a one year low of $23.68 and a one year high of $142.35. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.25 and a current ratio of 1.60. The firm has a market cap of $464.50 billion, a P/E ratio of -43.64 and a beta of 2.22. The firm has a 50-day simple moving average of $105.53 and a 200-day simple moving average of $86.37.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The chip maker reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.21 by $0.21. The firm 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 quarterly revenue was up 25.2% on a year-over-year basis. During the same period last year, the firm earned ($0.10) earnings per share. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. Equities analysts anticipate that Intel Corporation will post 1 EPS for the current fiscal 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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