Retirement Systems of Alabama Boosts Stock Position in Intel Corporation $INTC

Key Points

• Retirement Systems of Alabama increased its Intel position by 27% in the second quarter, adding 269,492 shares for a total of 1.27 million shares valued at approximately $176.9 million.
• Intel reported strong quarterly momentum, with revenue rising 25.2% year over year to $16.13 billion and earnings of $0.42 per share, exceeding analyst expectations. CEO Lip-Bu Tan also purchased nearly $10 million of Intel stock, signaling confidence in the company’s recovery strategy.
• Despite growth prospects tied to expanded foundry capacity and possible memory-chip market reentry, investors face dilution from Intel’s planned $20 billion stock offering. Wall Street’s consensus rating remains “Hold,” with an average price target of $107.85.

Retirement Systems of Alabama boosted its position in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 27.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,266,576 shares of the chip maker's stock after acquiring an additional 269,492 shares during the quarter. Retirement Systems of Alabama's holdings in Intel were worth $176,852,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of INTC. Vanguard Group Inc. grew its holdings in shares of Intel by 3.5% in the fourth quarter. Vanguard Group Inc. now owns 404,522,308 shares of the chip maker's stock valued at $14,926,873,000 after purchasing an additional 13,692,624 shares in the last quarter. State Street Corp lifted its holdings 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 buying an additional 5,714,400 shares in the last quarter. Capital World Investors boosted its position in Intel by 20.3% in the 4th quarter. Capital World Investors now owns 104,060,268 shares of the chip maker's stock valued at $3,839,833,000 after buying an additional 17,557,147 shares during the period. Geode Capital Management LLC boosted its position in Intel by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 101,931,512 shares of the chip maker's stock valued at $3,744,406,000 after buying an additional 3,124,798 shares during the period. Finally, Morgan Stanley grew its stake in shares of Intel by 20.4% in the fourth quarter. Morgan Stanley now owns 65,249,269 shares of the chip maker's stock worth $2,407,698,000 after acquiring an additional 11,056,090 shares in the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

Intel News Roundup

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

Wall Street Analyst Weigh In

INTC has been the topic of a number of recent research reports. Arete Research upped their price objective on Intel from $20.40 to $99.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 10th. Scotiabank initiated coverage on Intel in a research note on Tuesday, April 21st. They set a "sector perform" rating for the company. Citigroup upgraded Intel from a "positive" rating to a "buy" rating in a report on Thursday, July 23rd. Tigress Financial increased their price target on Intel from $66.00 to $118.00 and gave the company a "buy" rating in a research report on Thursday, April 30th. Finally, New Street Research lifted their price objective on Intel from $100.00 to $122.00 in a research note on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, thirty-two have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Intel has an average rating of "Hold" and a consensus price target of $107.85.

Insider Activity

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

Intel Stock Performance

Shares of INTC opened at $102.50 on Friday. The stock has a 50 day moving average price of $110.26 and a 200 day moving average price of $83.29. 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 company has a market capitalization of $517.01 billion, a price-to-earnings ratio of -48.58 and a beta of 2.22. Intel Corporation has a 52-week low of $22.77 and a 52-week high of $142.35.

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 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 company had revenue of $16.13 billion for the quarter, compared to analysts' expectations of $14.43 billion. During the same quarter last year, the company earned ($0.10) earnings per share. The firm's revenue for the quarter was up 25.2% on a year-over-year basis. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. Research analysts predict that Intel Corporation will post 1.01 EPS for the current fiscal year.

About Intel

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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