ZEGA Investments LLC Sells 8,096 Shares of Intel Corporation $INTC

Key Points

• ZEGA Investments LLC reduced its Intel stake by 48.1%, selling 8,096 shares and retaining 8,743 shares valued at approximately $1.22 million. Institutional investors collectively own 64.53% of Intel.
• Intel reported quarterly revenue of $16.13 billion and adjusted earnings of $0.42 per share, beating analyst estimates while revenue rose 25.2% year over year. CEO Lip-Bu Tan also purchased roughly $10 million of Intel stock.
• Intel’s outlook is mixed: advances in High-NA EUV manufacturing and improved pricing power have supported bullish views, but dilution concerns and heavy foundry investment led some analysts to lower targets. Overall, analysts rate the stock “Hold,” with an average price target of $107.74.

ZEGA Investments LLC cut its holdings in Intel Corporation (NASDAQ:INTC - Free Report) by 48.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,743 shares of the chip maker's stock after selling 8,096 shares during the period. ZEGA Investments LLC's holdings in Intel were worth $1,221,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in INTC. iA Global Asset Management Inc. increased its position in shares of Intel by 17.0% during the 4th quarter. iA Global Asset Management Inc. now owns 593,043 shares of the chip maker's stock valued at $21,883,000 after purchasing an additional 86,189 shares during the last quarter. Whalerock Point Partners LLC purchased a new position in Intel during the fourth quarter worth $205,000. Dixon Mitchell Investment Counsel Inc. bought a new position in Intel during the fourth quarter valued at $185,000. Northwestern Mutual Wealth Management Co. increased its position in Intel by 5.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 255,261 shares of the chip maker's stock valued at $9,419,000 after acquiring an additional 13,858 shares during the last quarter. Finally, Vestor Capital LLC purchased a new stake in shares of Intel in the first quarter valued at $9,441,000. Institutional investors own 64.53% of the company's stock.

Intel Price Performance

Intel stock opened at $104.47 on Wednesday. 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 cap of $526.95 billion, a price-to-earnings ratio of -49.51, a price-to-earnings-growth ratio of 10.58 and a beta of 2.22. The firm has a 50-day moving average of $99.03 and a two-hundred day moving average of $88.96. Intel Corporation has a 1 year low of $24.05 and a 1 year high of $142.35.

Intel (NASDAQ:INTC - Get Free Report) last issued its earnings results on Thursday, July 23rd. The chip maker reported $0.42 EPS 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 business had revenue of $16.13 billion for the quarter, compared to analyst estimates of $14.43 billion. During the same period last year, the company posted ($0.10) earnings per share. The company's quarterly 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, research analysts forecast that Intel Corporation will post 1.01 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Lip Bu Tan acquired 105,263 shares of Intel stock in a transaction 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 acquisition, the chief executive officer directly owned 1,314,669 shares of the company's stock, valued at $124,893,555. This trade represents a 8.70% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.05% of the stock is owned by insiders.

Trending Headlines about Intel

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel is reportedly preparing another price increase of roughly 10% for PC and enterprise CPUs, potentially beginning in October. Rising supply-chain costs are a stated reason, but the increase also suggests strong demand and limited customer willingness to switch suppliers. Intel’s stock is rising as the company looks primed to boost prices even more
• Positive Sentiment: Intel and ASML reported that Intel Foundry has processed more than one million wafers using High-NA EUV equipment. The technology is being applied to selected layers of Intel’s 18A process and upcoming Panther Lake chips, offering evidence that Intel’s substantial fabrication investments are moving toward production-scale execution. Intel Foundry and ASML Collaborate to Accelerate Industry Readiness for High NA EUV
• Positive Sentiment: Northland Securities upgraded Intel from Market Perform to Outperform, citing improved pricing power and the possibility that Elon Musk’s proposed Terafab could provide additional scale for Intel’s currently loss-making foundry business. Wall Street analyst upgrades Intel stock price target
• Neutral Sentiment: Intel’s AI-PC initiative, including an on-device AI agent developed with the University of South Australia, highlights potential product differentiation, although its near-term revenue impact remains uncertain. Can Intel's AI PC Innovation With ASU Strengthen Its Market Position?
• Negative Sentiment: Mizuho reportedly reduced its price target to $92, pointing to dilution concerns after Intel’s sharp rally and capital needs. This remains a key risk because foundry expansion requires substantial investment and could limit per-share gains. 5-star analyst resets Intel stock price target

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Weiss Ratings lowered shares of Intel from a "hold (c-)" rating to a "sell (d+)" rating in a report on Tuesday, August 18th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $100.00 price objective on shares of Intel in a research report on Tuesday, May 12th. Northland Securities raised shares of Intel from a "market perform" rating to an "outperform" rating and set a $120.00 price objective for the company in a research note on Tuesday. Arete Research upped their target price on Intel from $20.40 to $99.00 and gave the company a "neutral" rating in a research note on Wednesday, June 10th. Finally, Daiwa Securities Group lowered Intel from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, twenty-eight have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Intel currently has an average rating of "Hold" and an average price target of $107.74.

Intel Company Profile

Intel Corporation NASDAQ: INTC is a global semiconductor company that designs and manufactures computing and communications products. Its portfolio includes Intel Core processors for personal computers, Xeon processors for data centers and enterprise systems, and products for edge computing, networking, and other specialized applications.

Intel also develops graphics processing units under its Intel Arc and Intel Data Center GPU brands, Gaudi artificial intelligence accelerators, Ethernet products, software, and related platform technologies.

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