Whittier Trust Co. raised its stake in shares of Intel Corporation (NASDAQ:INTC – Free Report) by 585.1% in the 2nd quarter, HoldingsChannel reports. The firm owned 261,532 shares of the chip maker’s stock after purchasing 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.
A number of other hedge funds and other institutional investors have also bought and sold shares of INTC. Vanguard Group Inc. raised its position in shares of Intel by 3.5% during the 4th quarter. Vanguard Group Inc. now owns 404,522,308 shares of the chip maker’s stock valued at $14,926,873,000 after buying an additional 13,692,624 shares in the last quarter. State Street Corp lifted 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 worth $7,695,007,000 after acquiring an additional 5,714,400 shares during the last quarter. Capital World Investors grew its position in Intel by 20.3% in the fourth quarter. Capital World Investors now owns 104,060,268 shares of the chip maker’s stock worth $3,839,833,000 after acquiring an additional 17,557,147 shares in the last quarter. Geode Capital Management LLC grew its position in Intel by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 101,931,512 shares of the chip maker’s stock worth $3,744,406,000 after acquiring an additional 3,124,798 shares in the last quarter. Finally, Morgan Stanley grew its position in 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 acquiring an additional 11,056,090 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.
Intel Stock Performance
Intel stock opened at $102.50 on Friday. The firm has a fifty day simple moving average of $110.26 and a two-hundred day simple moving average of $83.29. The company has a quick ratio of 1.25, a current ratio of 1.60 and a debt-to-equity ratio of 0.47. Intel Corporation has a twelve month low of $22.77 and a twelve month high of $142.35. The company has a market capitalization of $517.01 billion, a PE ratio of -48.58 and a beta of 2.22.
Insiders Place Their Bets
In related news, CEO Lip Bu Tan bought 105,263 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was 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. The trade was a 8.70% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.05% of the stock is owned by corporate insiders.
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
Analyst Upgrades and Downgrades
A number of research firms have weighed in on INTC. New Street Research raised their price target on Intel from $100.00 to $122.00 in a research report on Friday, June 26th. Mizuho cut their price objective on Intel from $135.00 to $109.00 and set a “neutral” rating for the company in a report on Friday, July 24th. Stifel Nicolaus cut their price objective on Intel from $120.00 to $110.00 and set a “hold” rating for the company in a report on Friday, July 24th. Morgan Stanley increased their price objective on Intel from $75.00 to $84.00 and gave the company an “equal weight” rating in a research report on Friday, July 24th. Finally, HSBC reissued a “buy” rating on shares of Intel in a report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, thirty-two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Intel presently has an average rating of “Hold” and a consensus price target of $107.85.
Read Our Latest Stock Analysis on Intel
About Intel
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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