Primoris Wealth Advisors LLC Makes New $4.13 Million Investment in Intel Corporation $INTC

Key Points

• Primoris Wealth Advisors acquired 29,609 Intel shares worth approximately $4.13 million, making Intel a 1.9% portfolio position. Institutional investors collectively own 64.53% of Intel’s stock.
• Intel reported strong quarterly momentum, with revenue rising 25.2% year over year to $16.13 billion and EPS of $0.42, exceeding analyst expectations. CEO Lip-Bu Tan also purchased roughly $10 million of shares, increasing his direct stake by 8.7%.
• Intel’s proposed $20 billion stock offering could fund foundry expansion and growth but would dilute existing shareholders. Analysts remain cautious overall, with a consensus “Hold” rating and an average price target of $107.85.

Primoris Wealth Advisors LLC acquired a new stake in Intel Corporation (NASDAQ:INTC - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 29,609 shares of the chip maker's stock, valued at approximately $4,134,000. Intel makes up 1.9% of Primoris Wealth Advisors LLC's investment portfolio, making the stock its 17th biggest position.

Several other institutional investors have also modified their holdings of the company. RAM Investment Partners LLC acquired a new position in shares of Intel during the second quarter worth $302,000. Jacobsen Capital Management lifted its holdings in Intel by 10.5% during the 2nd quarter. Jacobsen Capital Management now owns 7,825 shares of the chip maker's stock worth $1,093,000 after buying an additional 741 shares during the last quarter. Signature Wealth Management Partners LLC purchased a new stake in Intel during the 2nd quarter worth about $438,000. Obermeyer Wealth Partners purchased a new stake in Intel during the 2nd quarter worth about $729,000. Finally, Navigation Group LLC acquired a new position in shares of Intel during the 2nd quarter worth about $518,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Intel

Here are the key news stories impacting Intel this week:

• Positive Sentiment: CEO Lip-Bu Tan purchased 105,263 Intel shares at $95 each, investing approximately $10 million and increasing his direct stake by 8.7%. The purchase is viewed as a vote of confidence in Intel’s recovery strategy. Intel insider purchase filing
• Positive Sentiment: Analyst and media coverage highlighted Intel’s approximately $20 billion equity raise as potential funding for expanded foundry capacity, production growth and new customer wins. Some analysts believe demand for Intel’s server processors is currently exceeding its manufacturing capacity. Intel foundry capital raise article
• Positive Sentiment: Intel’s second-quarter results showed strong momentum: revenue rose roughly 25% year over year to $16.1 billion, with Data Center and AI revenue reportedly increasing 59%. The results exceeded analyst expectations and reinforced the AI-related CPU growth narrative. Intel revenue growth article
• Neutral Sentiment: Intel is considering a return to the memory-chip market, supported by the capital raise and the appointment of former SK Hynix CEO Seok-Hee Lee to Intel Foundry. The opportunity could expand Intel’s addressable market, but the plan remains exploratory and would require substantial investment. Intel memory market article
• Negative Sentiment: The $20 billion common-stock offering creates significant dilution for existing shareholders and has encouraged profit-taking after Intel’s substantial rally. Investors are also focused on whether management can convert the new capital into profitable foundry growth and sustained free cash flow. Intel stock offering discussion

Insider Buying and Selling at Intel

In other news, CEO Lip Bu Tan acquired 105,263 shares of the firm's stock in a transaction dated Tuesday, August 11th. The stock was acquired at an average cost of $95.00 per share, with a total value of $9,999,985.00. Following the completion of the acquisition, 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.05% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on INTC. The Goldman Sachs Group reiterated a "neutral" rating on shares of Intel in a report on Thursday, July 23rd. Mizuho decreased their target price on Intel from $135.00 to $109.00 and set a "neutral" rating for the company in a research note on Friday, July 24th. Zacks Research downgraded Intel from a "strong-buy" rating to a "hold" rating in a report on Friday, July 31st. New Street Research increased their price target on shares of Intel from $100.00 to $122.00 in a research note on Friday, June 26th. Finally, BTIG Research raised shares of Intel from a "neutral" rating to a "buy" rating in a report on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, thirty-two have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $107.85.

Intel Price Performance

Intel stock opened at $102.50 on Monday. The company has a market capitalization of $517.01 billion, a P/E ratio of -48.58 and a beta of 2.22. 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 Corporation has a fifty-two week low of $22.77 and a fifty-two week high of $142.35. The stock has a 50-day simple moving average of $110.26 and a 200-day simple moving average of $83.57.

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 (EPS) for the quarter, topping 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 positive return on equity of 2.62% and a negative net margin of 19.79%.The firm's quarterly revenue was up 25.2% compared to the same quarter last year. During the same quarter last year, the business posted ($0.10) EPS. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. Equities research analysts expect that Intel Corporation will post 1.01 earnings per share 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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