Worth Asset Management LLC Sells 16,885 Shares of Intel Corporation $INTC

Key Points

• Worth Asset Management cut its Intel stake by 64.2% in the third quarter, selling 16,885 shares and retaining 9,411 shares valued at approximately $1.13 million. Institutional investors and hedge funds collectively own 64.53% of Intel.
• Intel shares recently traded at $113.12, near the consensus analyst price target of $109.06. Analysts remain divided, resulting in an overall “Hold” rating despite several upgrades and a recent insider purchase by CEO Lip-Bu Tan.
• Intel’s outlook includes potential positives from its Terafab work with Elon Musk and a technology partnership with Applied Materials, but investors remain concerned about manufacturing execution, heavy foundry spending and elevated valuation expectations.

Worth Asset Management LLC reduced its position in Intel Corporation (NASDAQ:INTC - Free Report) by 64.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,411 shares of the chip maker's stock after selling 16,885 shares during the period. Worth Asset Management LLC's holdings in Intel were worth $1,131,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. ABS Investment Management LLC acquired a new position in shares of Intel in the second quarter worth about $694,101,000. Montgomery Financial Services LLC purchased a new position in Intel in the second quarter valued at about $26,000. Knuff & Co LLC acquired a new stake in Intel during the 2nd quarter valued at approximately $29,000. Glynn Capital Management LLC acquired a new stake in Intel during the 2nd quarter valued at approximately $29,000. Finally, Beaird Harris Wealth Management LLC increased its holdings in Intel by 3,185.7% during the 2nd quarter. Beaird Harris Wealth Management LLC now owns 230 shares of the chip maker's stock worth $32,000 after purchasing an additional 223 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel Stock Performance

Shares of INTC traded up $0.62 during mid-day trading on Wednesday, hitting $113.12. The stock had a trading volume of 55,390,980 shares, compared to its average volume of 116,663,945. Intel Corporation has a fifty-two week low of $32.89 and a fifty-two week high of $142.35. 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 cap of $570.57 billion, a PE ratio of -53.70, a PEG ratio of 12.40 and a beta of 2.22. The company's fifty day simple moving average is $101.96 and its two-hundred day simple moving average is $98.51.

Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The chip maker reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.21. Intel had a positive return on equity of 2.62% and a negative net margin of 19.79%.The business had revenue of $16.13 billion for the quarter, compared to analyst estimates of $14.43 billion. During the same period in the prior year, the company posted ($0.10) EPS. The business's revenue was up 25.2% compared to the same quarter last year. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. On average, equities analysts expect that Intel Corporation will post 1.04 earnings per share for the current year.

Intel News Roundup

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Terafab role appears secure: CEO Lip-Bu Tan said Intel will continue working on Musk’s planned Texas chipmaking facility. Musk indicated that Taiwan Semiconductor Manufacturing Co. (TSMC) may only sublease part of the site rather than replace Intel, easing fears that Intel would lose a strategically important customer or manufacturing opportunity. Reuters article
• Positive Sentiment: CPU turnaround optimism: Jim Cramer is backing Intel’s CPU recovery, and recent coverage points to growing investor interest in CPU demand and AI-agent workloads. This supports the bullish case that Intel can regain relevance in client and AI-related computing markets. Why Jim Cramer Is All-In on Intel’s CPU Comeback
• Positive Sentiment: Technology-development partnership: Intel and Applied Materials are collaborating on next-generation transistors, interconnects and advanced packaging for AI-driven computing. The work could help accelerate Intel’s manufacturing roadmap and improve its foundry competitiveness. Applied Materials and Intel collaboration
• Neutral Sentiment: Analyst view is mixed: Mizuho raised its Intel price target to $114 but maintained a neutral rating, leaving limited implied upside based on the cited trading level. Investors are increasingly focused on whether the company’s foundry investments can generate adequate returns. Intel price target raised at Mizuho
• Negative Sentiment: Execution and valuation risks persist: Intel’s recent rally has sparked debate over whether expectations have moved ahead of operating results. Commentary highlights a wide gap between bullish and bearish scenarios, while concerns remain around manufacturing execution, heavy foundry investment and the possibility that TSMC could still receive a larger role in Terafab. Intel manufacturing reality and financial models

Insider Buying and Selling at Intel

In other Intel news, CEO Lip Bu Tan bought 105,263 shares of the company's stock in a transaction on Tuesday, August 11th. The shares were bought 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 approximately $124,893,555. This trade represents a 8.70% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.05% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Truist Financial upped their target price on Intel from $81.00 to $108.00 and gave the company a "hold" rating in a research report on Friday, July 24th. Daiwa Securities Group lowered shares of Intel from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 4th. Northland Securities raised shares of Intel from a "market perform" rating to an "outperform" rating and set a $120.00 price target on the stock in a report on Tuesday, September 8th. Citigroup began coverage on shares of Intel in a research note on Tuesday, September 8th. They set a "buy" rating on the stock. Finally, Piper Sandler began coverage on shares of Intel in a report on Wednesday, September 9th. They set a "neutral" rating and a $110.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, twenty-six have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $109.06.

Intel Profile

Intel Corporation NASDAQ: INTC is a global semiconductor company that designs and manufactures computing and connectivity products. Its portfolio includes central processing units (CPUs), graphics and accelerator products, chipsets, networking components, and other semiconductor solutions used in personal computers, servers, cloud infrastructure, artificial intelligence systems, and embedded applications.

The company serves a broad range of customers, including original equipment manufacturers, cloud service providers, enterprise businesses, telecommunications companies, government organizations, and other technology firms.

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