Pinnacle West Asset Management Inc. Takes $3.37 Million Position in Intel Corporation $INTC

Pinnacle West Asset Management Inc. bought a new stake in Intel Corporation (NASDAQ:INTC - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 24,154 shares of the chip maker's stock, valued at approximately $3,373,000. Intel comprises 2.3% of Pinnacle West Asset Management Inc.'s investment portfolio, making the stock its 13th largest position.

Several other institutional investors and hedge funds have also recently bought and sold shares of INTC. Southern Financial Group LLC increased its holdings in shares of Intel by 0.6% in the first quarter. Southern Financial Group LLC now owns 14,313 shares of the chip maker's stock valued at $632,000 after purchasing an additional 90 shares during the last quarter. Harrell Investment Partners LLC increased its stake in shares of Intel by 0.4% during the second quarter. Harrell Investment Partners LLC now owns 23,277 shares of the chip maker's stock worth $3,250,000 after purchasing an additional 100 shares during the period. TFR Capital LLC. lifted its holdings in shares of Intel by 0.4% during the second quarter. TFR Capital LLC. now owns 26,643 shares of the chip maker's stock worth $3,720,000 after buying an additional 100 shares in the last quarter. Wynn Capital LLC raised its stake in Intel by 0.4% in the 2nd quarter. Wynn Capital LLC now owns 27,162 shares of the chip maker's stock worth $3,793,000 after purchasing an additional 104 shares in the last quarter. Finally, Bell Investment Advisors Inc raised its position in shares of Intel by 4.3% in the second quarter. Bell Investment Advisors Inc now owns 2,895 shares of the chip maker's stock valued at $404,000 after buying an additional 119 shares in the last quarter. Institutional investors own 64.53% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Cantor Fitzgerald cut their price target on shares of Intel from $150.00 to $125.00 and set a "neutral" rating for the company in a report on Friday, July 24th. Daiwa Securities Group downgraded shares of Intel from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 4th. Seaport Research Partners reaffirmed a "buy" rating and set a $125.00 target price on shares of Intel in a research note on Friday, July 24th. TD Cowen upped their price target on shares of Intel from $75.00 to $115.00 and gave the stock a "hold" rating in a report on Monday, July 13th. Finally, DA Davidson increased their price target on Intel from $77.00 to $100.00 and gave the company a "neutral" rating in a research note on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, thirty-one have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $107.46.

Insider Buying and Selling at Intel

In other Intel news, CEO Lip Bu Tan acquired 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, with a total value of $9,999,985.00. Following the completion of the purchase, the chief executive officer directly owned 1,314,669 shares in the company, valued at $124,893,555. This trade represents a 8.70% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 0.05% of the stock is currently owned by corporate insiders.

Key Intel News

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 NASDAQ INTC opened at $89.47 on Monday. The company has a 50 day simple moving average of $104.64 and a 200 day simple moving average of $86.65. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.60 and a quick ratio of 1.25. Intel Corporation has a 1 year low of $23.68 and a 1 year high of $142.35. 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 (NASDAQ:INTC - Get Free Report) last posted its earnings results on Thursday, July 23rd. The chip maker reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.21 by $0.21. Intel had a negative net margin of 19.79% and a positive return on equity of 2.62%. The firm had revenue of $16.13 billion for the quarter, compared to analyst estimates of $14.43 billion. During the same period in the previous year, the firm posted ($0.10) EPS. The company's revenue for the quarter was up 25.2% compared to the same quarter last year. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. On average, research analysts forecast that Intel Corporation will post 1 EPS for the current year.

Intel Company 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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