Public Employees Retirement System of Ohio Sells 97,444 Shares of Intel Corporation $INTC

Posted by Brian Himes on Sep 4th, 2026

Public Employees Retirement System of Ohio cut its holdings in Intel Corporation (NASDAQ:INTC – Free Report) by 5.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,683,909 shares of the chip maker’s stock after selling 97,444 shares during the quarter. Intel accounts for approximately 0.7% of Public Employees Retirement System of Ohio’s holdings, making the stock its 22nd largest position. Public Employees Retirement System of Ohio’s holdings in Intel were worth $235,124,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Primecap Management Co. CA purchased a new position in shares of Intel in the second quarter worth $10,507,291,000. Norges Bank bought a new stake in Intel in the 4th quarter worth about $2,233,159,000. Legal & General Group Plc purchased a new position in Intel in the 2nd quarter worth about $4,096,110,000. Capital Research Global Investors raised its position in Intel by 285.9% in the 4th quarter. Capital Research Global Investors now owns 26,619,928 shares of the chip maker’s stock worth $982,279,000 after buying an additional 19,722,010 shares during the last quarter. Finally, Capital World Investors lifted its stake in Intel by 20.3% during the 4th quarter. Capital World Investors now owns 104,060,268 shares of the chip maker’s stock valued at $3,839,833,000 after acquiring an additional 17,557,147 shares during the period. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Intel

Here are the key news stories impacting Intel this week:

Positive Sentiment: A reported leak suggesting Intel could launch its Nova Lake client processor lineup as early as 2027 provided a potential catalyst. Earlier availability could strengthen Intel’s product roadmap and support a recovery in its PC and data-center businesses. Intel Stock Gains as Nova Lake Launch Schedule Leaks
Positive Sentiment: Coverage highlighted Nvidia’s roughly $5 billion investment in Intel, including its purchase of more than 214 million shares at $23.28 each, and the companies’ product collaboration. The large paper gain on Nvidia’s stake reinforces market confidence in Intel’s strategic importance and AI potential, although it does not directly generate new revenue for Intel. Nvidia’s Intel Investment and Partnership
Positive Sentiment: Intel’s expanded partnership with Kasm Technologies will run private large language models on Xeon 6 processors with Advanced Matrix Extensions, targeting regulated customers that require local and compliant AI. The deal supports Intel’s strategy of positioning Xeon as infrastructure for enterprise AI workloads. Intel Kasm AI Partnership
Neutral Sentiment: Intel recently reported stronger-than-expected quarterly revenue and earnings, with revenue up 25% year over year, while management expects 2026 capital expenditures to exceed $20 billion and spending to rise significantly in 2027. The investment could support future manufacturing and AI growth, but it increases execution and cash-flow demands. Intel’s Five-Year Outlook
Neutral Sentiment: A separate report said Intel’s 14A manufacturing process is beginning to demonstrate its strategic value, offering a potential long-term foundry catalyst. However, meaningful financial benefits depend on customer commitments and successful execution.
Negative Sentiment: Mizuho analyst Vijay Rakesh cut his Intel price target to $92 from $109 while retaining a Hold rating, arguing that AI strength may not offset near-term business strain. The revised target leaves limited upside based on the referenced trading level. Mizuho Cuts Intel Price Target
Negative Sentiment: Intel traded lower in premarket alongside Micron, SanDisk and AMD as semiconductor stocks faced broader sector pressure. Commentary also emphasized AMD’s stronger AI and data-center margin profile, highlighting competitive risks for Intel’s turnaround.

Insider Activity at Intel

In other news, CEO Lip Bu Tan acquired 105,263 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The shares were purchased at an average cost of $95.00 per share, for a total transaction of $9,999,985.00. Following the transaction, the chief executive officer directly 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 purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.05% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on INTC shares. Daiwa Securities Group lowered shares of Intel from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Barclays boosted their target price on shares of Intel from $65.00 to $100.00 and gave the company an “equal weight” rating in a research note on Monday, June 1st. Roth Capital upped their price objective on Intel from $100.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, July 24th. HSBC reissued a “buy” rating on shares of Intel in a research report on Friday, July 24th. Finally, Susquehanna increased their price objective on shares of Intel from $80.00 to $115.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, thirty-one have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $107.46.

Check Out Our Latest Report on Intel

Intel Price Performance

NASDAQ INTC opened at $91.67 on Friday. The company has a market capitalization of $462.38 billion, a PE ratio of -43.45, a price-to-earnings-growth ratio of 9.94 and a beta of 2.22. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.25 and a current ratio of 1.60. The business’s fifty day moving average is $101.10 and its 200 day moving average is $87.85. Intel Corporation has a fifty-two week low of $23.75 and a fifty-two week high of $142.35.

Intel (NASDAQ:INTC – Get Free Report) last issued its quarterly 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 positive return on equity of 2.62% and a negative net margin of 19.79%.The business had revenue of $16.13 billion during the quarter, compared to analysts’ expectations of $14.43 billion. During the same quarter in the prior year, the business posted ($0.10) earnings per share. The business’s quarterly revenue was up 25.2% on a year-over-year basis. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. Sell-side analysts predict that Intel Corporation will post 1.01 earnings per share for the current year.

About Intel

(Free Report)

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.