Whittier Trust Co. Grows Stock Position in Intel Corporation $INTC

Key Points

• Whittier Trust increased its Intel position by 585.1% in the second quarter, adding 223,355 shares to hold 261,532 shares valued at approximately $36.5 million. Institutional investors collectively own 64.53% of Intel.
• Intel reported quarterly revenue of $16.13 billion and earnings of $0.42 per share, exceeding analyst estimates, while revenue grew 25.2% year over year. CEO Lip-Bu Tan also purchased roughly $10 million of Intel stock, increasing his direct stake by 8.7%.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $107.85. Investors are weighing Intel’s growth prospects and planned capital raise against dilution concerns and the challenge of turning new funding into profitable foundry expansion.

Whittier Trust Co. grew its position in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 585.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 261,532 shares of the chip maker's stock after buying an additional 223,355 shares during the period. Whittier Trust Co.'s holdings in Intel were worth $36,518,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank bought a new stake in Intel in the 4th quarter valued at about $2,233,159,000. Capital Research Global Investors lifted its holdings in Intel by 285.9% during the fourth quarter. Capital Research Global Investors now owns 26,619,928 shares of the chip maker's stock valued at $982,279,000 after purchasing an additional 19,722,010 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 worth $3,839,833,000 after purchasing an additional 17,557,147 shares during the period. Vanguard Group Inc. boosted its position in Intel by 3.5% during the fourth quarter. Vanguard Group Inc. now owns 404,522,308 shares of the chip maker's stock worth $14,926,873,000 after purchasing an additional 13,692,624 shares during the period. Finally, Morgan Stanley increased 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 purchasing an additional 11,056,090 shares in the last quarter. Institutional investors own 64.53% of the company's stock.

Wall Street Analyst Weigh In

INTC has been the topic of several research reports. KGI Securities lowered shares of Intel from an "outperform" rating to a "neutral" rating and set a $71.00 price target on the stock. in a research report on Monday, April 20th. Roth Capital raised their price objective on shares of Intel from $100.00 to $120.00 and gave the stock a "buy" rating in a report on Friday, July 24th. Northland Securities lowered shares of Intel from an "outperform" rating to a "market perform" rating in a research note on Tuesday, May 26th. Sanford C. Bernstein reiterated a "market perform" rating and set a $110.00 price objective on shares of Intel in a research note on Monday, July 27th. Finally, DZ Bank raised Intel from a "sell" rating to a "neutral" rating in a report on Friday, April 24th. One investment 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 given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $107.85.

Intel Stock Performance

NASDAQ INTC opened at $102.50 on Friday. Intel Corporation has a 1 year low of $22.77 and a 1 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 stock has a market capitalization of $517.01 billion, a PE ratio of -48.58 and a beta of 2.22. The company's 50 day simple moving average is $110.26 and its two-hundred day simple moving average is $83.29.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The chip maker reported $0.42 EPS for the quarter, beating the consensus estimate of $0.21 by $0.21. The firm had revenue of $16.13 billion during 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 business's quarterly revenue was up 25.2% compared to the same quarter last year. During the same period last year, the firm 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 earnings per share for the current fiscal year.

Key Intel News

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 Transactions at Intel

In other Intel news, CEO Lip Bu Tan acquired 105,263 shares of the company's stock in a transaction that occurred on Tuesday, August 11th. The stock was 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 owned 1,314,669 shares of the company's stock, valued at approximately $124,893,555. This represents a 8.70% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.05% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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