Sumitomo Life Insurance Co. purchased a new stake in Intel Corporation (NASDAQ:INTC – Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 41,796 shares of the chip maker’s stock, valued at approximately $5,836,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in INTC. Sivia Capital Partners LLC boosted its holdings in Intel by 271.7% during the 2nd quarter. Sivia Capital Partners LLC now owns 34,201 shares of the chip maker’s stock valued at $766,000 after acquiring an additional 25,001 shares during the period. United Bank bought a new position in shares of Intel in the second quarter worth about $205,000. Gamco Investors INC. ET AL increased its stake in Intel by 12.3% in the 2nd quarter. Gamco Investors INC. ET AL now owns 13,737 shares of the chip maker’s stock worth $308,000 after buying an additional 1,508 shares during the period. NewEdge Advisors LLC increased its stake in Intel by 29.6% in the 2nd quarter. NewEdge Advisors LLC now owns 158,277 shares of the chip maker’s stock worth $3,545,000 after buying an additional 36,116 shares during the period. Finally, Sei Investments Co. lifted its holdings in Intel by 9.9% during the 2nd quarter. Sei Investments Co. now owns 828,352 shares of the chip maker’s stock valued at $18,556,000 after buying an additional 74,838 shares in the last quarter. 64.53% of the stock is currently owned by hedge funds and other institutional investors.
Intel Stock Up 0.0%
NASDAQ:INTC opened at $89.51 on Tuesday. The company’s 50-day simple moving average is $103.61 and its 200-day simple moving average is $86.94. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.25 and a current ratio of 1.60. Intel Corporation has a fifty-two week low of $23.68 and a fifty-two week high of $142.35. The stock has a market capitalization of $451.49 billion, a P/E ratio of -42.42, a P/E/G ratio of 9.89 and a beta of 2.22.
Insider Activity at Intel
In other news, CEO Lip Bu Tan purchased 105,263 shares of the stock in a transaction on Tuesday, August 11th. The stock was bought 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 in the company, valued at $124,893,555. The trade was a 8.70% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.05% of the company’s stock.
Key Stories Impacting Intel
Here are the key news stories impacting Intel this week:
- Positive Sentiment: Reports that South Korean memory-chip maker SK Hynix was considering Intel Foundry to manufacture base dies for next-generation HBM4E memory initially boosted hopes for a major external customer and validated Intel’s manufacturing ambitions. CEO Lip-Bu Tan’s reported purchase of roughly $12 million in Intel shares also signaled management confidence. Intel Stock Notches Up as SK Hynix Considers New Deal
- Positive Sentiment: Intel could benefit from the rapid expansion of AI infrastructure and from large-scale chip-production projects in the United States, including Elon Musk’s reported planned facility near Houston. More domestic manufacturing demand would support the strategic rationale for Intel’s foundry investments, though the project is not confirmed as an Intel contract. Elon Musk Is Spending $119 Billion on a Single Building Outside Houston
- Neutral Sentiment: SK Hynix subsequently denied the reported HBM4E partnership, removing the immediate catalyst and underscoring that Intel’s potential foundry wins remain uncommitted. SK Hynix Denies Report of Intel Foundry Partnership
- Negative Sentiment: Analysts continue to question whether AI-related revenue can arrive quickly enough to offset Intel’s rising capital spending and foundry losses. Outside customers currently contribute little foundry revenue, making utilization and execution key risks for the stock. Intel Stock Is Paying Now for Revenue Due Later
- Negative Sentiment: Competitive concerns remain: coverage argues AMD continues to take share from Intel, while Nvidia’s strong growth in newer data-center products could further pressure Intel’s position in AI hardware. AMD: Still Eating Intel’s Lunch
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on INTC shares. Piper Sandler initiated coverage on shares of Intel in a research note on Thursday, June 11th. They issued a “neutral” rating on the stock. Wall Street Zen lowered Intel from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Benchmark upped their target price on Intel from $105.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, May 18th. Daiwa Securities Group downgraded Intel from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Finally, Barclays boosted their price target on shares of Intel from $65.00 to $100.00 and gave the company an “equal weight” rating in a report on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, thirty-one have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $107.46.
Read Our Latest Stock Report on INTC
Intel Company Profile
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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