Whittier Trust Co. of Nevada Inc. Buys 89,030 Shares of Intel Corporation $INTC

Key Points

• Whittier Trust Co. of Nevada increased its Intel stake by 64% in the second quarter, purchasing 89,030 additional shares and bringing its holdings to 228,193 shares valued at approximately $31.9 million.
• Intel reported stronger-than-expected quarterly results, with revenue rising 25.2% year over year to $16.13 billion and EPS of $0.42 versus estimates of $0.21. However, the stock opened down 2.0% at $102.50.
• Analysts maintain a consensus “Hold” rating with an average price target of $107.85, while CEO Lip-Bu Tan purchased roughly $10 million of Intel shares, increasing his position by 8.7%.

Whittier Trust Co. of Nevada Inc. increased its stake in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 64.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 228,193 shares of the chip maker's stock after buying an additional 89,030 shares during the period. Whittier Trust Co. of Nevada Inc.'s holdings in Intel were worth $31,863,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in INTC. MOKAN Wealth Management Inc. purchased a new position in Intel in the second quarter valued at about $886,000. WealthTrust Asset Management LLC bought a new position in shares of Intel during the 2nd quarter valued at approximately $562,000. Northwest Financial Advisors purchased a new stake in shares of Intel during the 2nd quarter worth approximately $268,000. EnRich Financial Partners LLC purchased a new stake in shares of Intel during the 2nd quarter worth approximately $284,000. Finally, Turtle Creek Wealth Advisors LLC lifted its stake in Intel by 22.2% in the second quarter. Turtle Creek Wealth Advisors LLC now owns 47,542 shares of the chip maker's stock valued at $6,634,000 after purchasing an additional 8,636 shares during the last quarter. Institutional investors own 64.53% of the company's stock.

Intel Stock Down 2.0%

Intel stock 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 firm has a market capitalization of $517.01 billion, a price-to-earnings ratio of -48.58 and a beta of 2.22. The company has a current ratio of 1.60, a quick ratio of 1.25 and a debt-to-equity ratio of 0.47. The firm has a 50 day simple moving average of $110.26 and a 200 day simple moving average of $83.29.

Intel (NASDAQ:INTC - Get Free Report) last issued its earnings results on Thursday, July 23rd. The chip maker reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.21 by $0.21. The business had revenue of $16.13 billion for the quarter, compared to analysts' expectations 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 revenue for the quarter was up 25.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.10) EPS. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. On average, analysts predict that Intel Corporation will post 1.01 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. DA Davidson increased their price objective on Intel from $77.00 to $100.00 and gave the company a "neutral" rating in a 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. Wolfe Research began coverage on Intel in a research report on Thursday, June 11th. They set a "peer perform" rating on the stock. Robert W. Baird increased their price target on Intel from $75.00 to $125.00 and gave the stock a "neutral" rating in a research note on Friday, July 24th. Finally, The Goldman Sachs Group reiterated a "neutral" rating on shares of Intel in a research note on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, thirty-two have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $107.85.

Insider Activity

In related news, CEO Lip Bu Tan acquired 105,263 shares of the firm's stock in a transaction that occurred on Tuesday, August 11th. The shares were bought at an average cost of $95.00 per share, for a total transaction of $9,999,985.00. Following the purchase, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.05% of the company's stock.

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

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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