Indiana Trust & Investment Management Co Purchases 10,270 Shares of Intel Corporation $INTC

Posted by George Bondi on Oct 23rd, 2026

Indiana Trust & Investment Management Co raised its position in Intel Corporation (NASDAQ:INTC – Free Report) by 23.0% during the third quarter, HoldingsChannel reports. The firm owned 54,892 shares of the chip maker’s stock after purchasing an additional 10,270 shares during the period. Intel comprises 1.8% of Indiana Trust & Investment Management Co’s holdings, making the stock its 11th biggest position. Indiana Trust & Investment Management Co’s holdings in Intel were worth $6,600,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Primecap Management Co. CA acquired a new stake in shares of Intel in the second quarter valued at about $10,507,291,000. Legal & General Group Plc purchased a new position in shares of Intel in the second quarter worth about $4,096,110,000. Assenagon Asset Management S.A. lifted its stake in shares of Intel by 87.1% in the third quarter. Assenagon Asset Management S.A. now owns 30,214,769 shares of the chip maker’s stock worth $3,632,722,000 after buying an additional 14,063,302 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of Intel in the second quarter worth about $1,848,438,000. Finally, Bank of America Corp DE boosted its position in Intel by 35.7% during the second quarter. Bank of America Corp DE now owns 31,724,362 shares of the chip maker’s stock worth $4,429,673,000 after acquiring an additional 8,342,514 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Trading Down 8.0%

Shares of INTC stock opened at $85.48 on Friday. Intel Corporation has a 1-year low of $32.89 and a 1-year high of $142.35. The firm has a market cap of $431.16 billion, a PE ratio of -40.51, a price-to-earnings-growth ratio of 9.87 and a beta of 2.22. The company has a 50-day moving average of $102.28 and a two-hundred day moving average of $102.93. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.60 and a quick ratio of 1.25.

Intel (NASDAQ:INTC – Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The chip maker reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.21. The business had revenue of $16.13 billion during 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% on a year-over-year basis. During the same period last year, the business earned ($0.10) earnings per share. On average, analysts predict that Intel Corporation will post 1.05 EPS for the current year.

Key Intel News

Here are the key news stories impacting Intel this week:

Positive Sentiment: The FCC granted Intel a waiver allowing the company to use foreign-made robotic devices, potentially easing equipment and supply-chain constraints for its manufacturing operations. FCC grants Intel waiver for foreign-made robotic devices
Positive Sentiment: Construction progress at Intel’s long-delayed $28 billion Ohio chip project provided evidence that the company is advancing its domestic foundry strategy, while an Arizona fab remains targeted for a 2028 start. Intel Ohio chip project construction milestone
Positive Sentiment: Analysts expect Intel’s upcoming earnings report to show continued growth, and Nvidia’s investment in Intel was highlighted as a potential vote of confidence in the company’s strategic importance. Intel earnings expectations

Insider Activity at Intel

In related news, CEO Lip Bu Tan acquired 105,263 shares of the stock in a transaction that occurred on Tuesday, August 11th. The stock was purchased at an average price of $95.00 per share, with a total value of $9,999,985.00. Following the transaction, 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 position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.05% of the company’s stock.

Analysts Set New Price Targets

INTC has been the subject of a number of recent research reports. Tigress Financial increased their price objective on shares of Intel from $118.00 to $145.00 and gave the company a “buy” rating in a report on Tuesday, September 15th. Daiwa Securities Group cut Intel from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. Citigroup began coverage on Intel in a report on Monday. They set an “outperform” rating on the stock. Piper Sandler started coverage on Intel in a research report on Wednesday, September 9th. They issued a “neutral” rating and a $110.00 price target for the company. Finally, Royal Bank Of Canada began coverage on Intel in a report on Tuesday, September 8th. They issued an “outperform” rating for the company. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, twenty-seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Intel currently has a consensus rating of “Hold” and an average target price of $107.73.

Get Our Latest Stock Analysis on Intel

Intel Profile

(Free Report)

Intel Corporation (NASDAQ:INTC) is a global semiconductor company that designs and manufactures computing and connectivity products. Its portfolio includes Intel Core processors for personal computers, Xeon processors for data centers and enterprise systems, and products for networking, edge computing, graphics, and artificial intelligence workloads.

Through Intel Foundry, the company also provides semiconductor manufacturing and technology-development services for external customers. Intel develops process technologies, advanced packaging, and other manufacturing capabilities intended to support its own products and third-party chip designs.

Founded in 1968 by Robert Noyce and Gordon Moore, Intel helped establish the modern microprocessor industry and has historically supplied processors for PCs, servers, and other computing systems.