Royal London Asset Management Ltd. Decreases Holdings in Intel Corporation $INTC

Key Points

• Royal London Asset Management reduced its Intel stake by 9.4% in the second quarter, selling 431,955 shares and retaining 4.17 million shares valued at approximately $581.8 million.
• Intel reported stronger-than-expected quarterly results, with $0.42 in earnings per share versus the $0.21 consensus estimate and revenue of $16.13 billion, up 25.2% year over year.
• Despite positive data-center and AI demand signals, analyst sentiment remains cautious: Intel has an average “Hold” rating and a $107.01 average price target, while Mizuho cut its target to $92 citing weaker PC demand, margin pressure and competition.

Royal London Asset Management Ltd. lowered its position in Intel Corporation (NASDAQ:INTC - Free Report) by 9.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,166,552 shares of the chip maker's stock after selling 431,955 shares during the quarter. Intel makes up approximately 1.1% of Royal London Asset Management Ltd.'s portfolio, making the stock its 17th biggest position. Royal London Asset Management Ltd. owned about 0.08% of Intel worth $581,776,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp grew its holdings in shares of Intel by 2.8% during the 4th quarter. State Street Corp now owns 208,536,784 shares of the chip maker's stock valued at $7,695,007,000 after purchasing an additional 5,714,400 shares during the last quarter. Capital World Investors boosted its position in Intel by 20.3% during the fourth 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% during the fourth 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. Primecap Management Co. CA bought a new position in shares of Intel during the second quarter valued at about $10,507,291,000. Finally, Morgan Stanley increased its holdings 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 buying an additional 11,056,090 shares during the period. 64.53% of the stock is currently owned by institutional investors.

Intel Trading Up 4.5%

INTC opened at $95.80 on Friday. Intel Corporation has a one year low of $24.05 and a one year high of $142.35. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.60 and a quick ratio of 1.25. The business has a 50 day simple moving average of $100.45 and a two-hundred day simple moving average of $87.91. The firm has a market capitalization of $483.22 billion, a price-to-earnings ratio of -45.40, a PEG ratio of 10.58 and a beta of 2.22.

Intel (NASDAQ:INTC - Get Free Report) last issued 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. The firm had revenue of $16.13 billion for the quarter, compared to analyst estimates of $14.43 billion. Intel had a positive return on equity of 2.62% and a negative net margin of 19.79%.The business's quarterly revenue was up 25.2% compared to the same quarter last year. During the same period last year, the company earned ($0.10) EPS. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. Analysts predict that Intel Corporation will post 1.01 EPS for the current year.

Insider Transactions at Intel

In related news, CEO Lip Bu Tan acquired 105,263 shares of Intel stock in a transaction on Tuesday, August 11th. The shares were acquired 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 owned 1,314,669 shares in the company, valued at $124,893,555. This trade represents a 8.70% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.05% of the company's stock.

Intel News Summary

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Dell’s strong server performance supported Intel’s data-center outlook. Dell reported a 122% increase in server revenue, prompting analysts to argue that demand for Intel CPUs is accelerating as AI infrastructure requires a substantial number of traditional processors alongside GPUs. Intel stock rises as Dell earnings point to CPU demand
• Positive Sentiment: A bullish $200 price target added momentum. Global Equities Research analyst Trip Chowdhry identified Intel as a direct beneficiary of rising CPU-to-GPU ratios in AI clusters, the continued enterprise presence of x86 processors and the potential of Intel’s Clearwater Forest architecture. The target implies substantial upside, although it is an individual analyst forecast rather than a consensus estimate. Dell earnings and Intel CPU demand
• Positive Sentiment: Estimate revisions have been trending higher. Analysts cited AI demand, manufacturing improvements and growth in custom silicon as potential offsets to supply constraints and competitive pressure. Intel’s recent revenue growth and plans for more than $20 billion in 2026 capital spending also reinforce the long-term recovery narrative. Intel estimate revisions
• Neutral Sentiment: Semiconductor-sector strength provided a broad-market tailwind. Intel, AMD and Nvidia advanced even as stronger employment data increased expectations for a possible Federal Reserve rate hike. Separate commentary arguing that Nvidia’s earnings reduced fears of an AI spending bubble also helped maintain investor interest in chip stocks. Chip stocks rise despite rate concerns
• Negative Sentiment: Mizuho lowered its Intel price target to $92 from $109 and maintained a Hold rating. The analyst warned that weaker PC demand and near-term margin pressure could limit the benefit from Intel’s AI-related growth. Nvidia’s expanding server CPU business also remains a competitive risk. Mizuho lowers Intel price target

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on INTC shares. Zacks Research cut Intel from a "strong-buy" rating to a "hold" rating in a report on Friday, July 31st. Moffett Nathanson cut Intel to a "neutral" rating in a research note on Thursday, June 11th. Stifel Nicolaus lowered their price objective on Intel from $120.00 to $110.00 and set a "hold" rating for the company in a research report on Friday, July 24th. Daiwa Securities Group lowered Intel from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 4th. Finally, Rosenblatt Securities raised their target price on shares of Intel from $65.00 to $80.00 and gave the stock a "sell" rating in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, thirty-one have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Intel presently has an average rating of "Hold" and an average target price of $107.01.

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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