OMERS ADMINISTRATION Corp bought a new position in shares of Intel Corporation (NASDAQ:INTC – Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,590,519 shares of the chip maker’s stock, valued at approximately $222,084,000. Intel accounts for approximately 1.3% of OMERS ADMINISTRATION Corp’s portfolio, making the stock its 18th biggest holding.
A number of other large investors have also recently modified their holdings of INTC. Financially Speaking Inc increased its holdings in Intel by 69.2% during the 4th quarter. Financially Speaking Inc now owns 682 shares of the chip maker’s stock worth $25,000 after purchasing an additional 279 shares during the period. Financial Life Planners purchased a new stake in shares of Intel in the 1st quarter worth $25,000. Glynn Capital Management LLC bought a new position in shares of Intel during the 2nd quarter worth $29,000. Knuff & Co LLC purchased a new position in shares of Intel during the second quarter valued at $29,000. Finally, Swiss RE Ltd. purchased a new position in shares of Intel during the fourth quarter valued at $29,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.
Insider Buying and Selling
In other news, CEO Lip Bu Tan acquired 105,263 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were acquired at an average price of $95.00 per share, with a total value of $9,999,985.00. Following the purchase, 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 ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.05% of the company’s stock.
Intel Stock Performance
Intel (NASDAQ:INTC – Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The chip maker reported $0.42 EPS for the quarter, beating the consensus estimate of $0.21 by $0.21. The company had revenue of $16.13 billion for the quarter, compared to analyst estimates of $14.43 billion. Intel had a negative net margin of 19.79% and a positive return on equity of 2.62%. The firm’s revenue was up 25.2% on a year-over-year basis. During the same period in the prior year, the company earned ($0.10) earnings per share. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. On average, analysts anticipate that Intel Corporation will post 1.01 EPS for the current year.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on INTC shares. Melius Research set a $150.00 price objective on shares of Intel in a report on Monday, May 18th. Northland Securities lowered Intel from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 26th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Intel in a report on Tuesday, July 21st. KeyCorp set a $125.00 price target on shares of Intel in a research report on Friday, July 24th. Finally, Piper Sandler started coverage on shares of Intel in a report on Thursday, June 11th. They issued a “neutral” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, thirty-one have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $107.46.
Check Out Our Latest Stock Report on Intel
Intel News Roundup
Here are the key news stories impacting Intel this week:
- Positive Sentiment: Intel CEO Lip-Bu Tan reportedly purchased approximately $10 million of company stock, a transaction investors may view as a sign of management confidence in the foundry recovery and long-term strategy. CEO Lip-Bu Tan Just Gave 12 Million Reasons to Buy Intel Stock
- Positive Sentiment: Commentary continues to highlight potential foundry contracts, advanced packaging and high-bandwidth-memory opportunities. A possible relationship with SK Hynix had fueled optimism that Intel could attract a major external customer, although the report was subsequently denied by SK Hynix. Intel Stock Notches Up as SK Hynix Considers New Deal
- Positive Sentiment: A partnership expansion with Kasm Technologies supports private, on-premises AI inference using Intel Xeon 6 processors, reinforcing Intel’s opportunity in regulated markets where customers want data to remain within corporate networks. Intel’s Privacy-Focused AI and Foundry Momentum
Intel 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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