6,067 Intel Corporation $INTC Shares Purchased by Cornerstone Enterprises LLC

Posted by Brenda Bartman on Oct 16th, 2026

Cornerstone Enterprises LLC boosted its position in Intel Corporation (NASDAQ:INTC – Free Report) by 139.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,413 shares of the chip maker’s stock after buying an additional 6,067 shares during the quarter. Intel makes up about 0.8% of Cornerstone Enterprises LLC’s holdings, making the stock its 26th largest position. Cornerstone Enterprises LLC’s holdings in Intel were worth $1,252,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. State Street Corp boosted its holdings in Intel by 1.2% in the 2nd quarter. State Street Corp now owns 216,849,675 shares of the chip maker’s stock valued at $30,278,720,000 after purchasing an additional 2,528,657 shares during the period. Primecap Management Co. CA purchased a new position in shares of Intel in the 2nd quarter worth about $10,507,291,000. Invesco Ltd. boosted its holdings in shares of Intel by 4.1% in the 4th quarter. Invesco Ltd. now owns 49,597,201 shares of the chip maker’s stock worth $1,830,137,000 after purchasing an additional 1,938,277 shares in the last quarter. Amundi raised its holdings in shares of Intel by 14.9% during the 1st quarter. Amundi now owns 38,969,192 shares of the chip maker’s stock valued at $1,719,710,000 after buying an additional 5,045,936 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in Intel by 35.7% in the 2nd quarter. Bank of America Corp DE now owns 31,724,362 shares of the chip maker’s stock worth $4,429,673,000 after buying an additional 8,342,514 shares during the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on INTC. TD Cowen reaffirmed a “hold” rating and issued a $115.00 target price on shares of Intel in a research note on Thursday, September 24th. Seaport Research Partners reissued a “buy” rating and set a $125.00 price target on shares of Intel in a research note on Friday, July 24th. Tigress Financial lifted their price target on shares of Intel from $118.00 to $145.00 and gave the stock a “buy” rating in a research note on Tuesday, September 15th. Roth Capital increased their target price on shares of Intel from $100.00 to $120.00 and gave the company a “buy” rating in a report on Friday, July 24th. Finally, Wells Fargo & Company lifted their target price on shares of Intel from $110.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, twenty-seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Intel has a consensus rating of “Hold” and a consensus price target of $109.06.

Check Out Our Latest Analysis on Intel

Key Headlines Impacting Intel

Here are the key news stories impacting Intel this week:

Positive Sentiment: Intel’s Crescent Island inference GPU has reportedly reached customer testing, supporting the company’s effort to expand beyond CPUs and compete in lower-cost AI inference. Intel’s 350-Watt Inference GPU Reaches Customer Testing
Positive Sentiment: Recent results showed approximately 25% year-over-year quarterly revenue growth, while strong AI-chip demand forecasts from ASML and analyst support for Intel ahead of its next earnings report provide a potential longer-term tailwind. AI Demand to Exceed Supply
Neutral Sentiment: A technical trading signal reportedly triggered a rebound during the session, but this reflects short-term trading activity rather than a change in Intel’s fundamentals. Intel Shares Rise After Key Trading Signal
Negative Sentiment: An explosion and fire at Intel’s Kiryat Gat manufacturing facility in Israel, with serious injuries and reported fatalities, raised concerns about operational disruption, employee safety and potential production impacts. Intel Slides After Plant Blast in Israel
Negative Sentiment: TSMC’s comments that it could support customers if Intel’s advanced-packaging ramp falls short highlighted execution risk and intensified competitive pressure on Intel’s foundry strategy. TSMC Comments on Intel’s Advanced Packaging Ramp
Negative Sentiment: The wider chip sector faced selling pressure amid reported progress by Chinese memory maker CXMT, concerns about slowing or difficult-to-finance AI infrastructure spending, higher interest rates and renewed inflation worries. These factors are particularly significant for Intel after its substantial 2026 rally. What Is Driving Attention on Intel Stock

Intel Price Performance

Shares of Intel stock opened at $95.37 on Friday. 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 Corporation has a one year low of $32.89 and a one year high of $142.35. The business’s 50 day simple moving average is $103.29 and its two-hundred day simple moving average is $101.39. The stock has a market capitalization of $481.05 billion, a P/E ratio of -45.20, a price-to-earnings-growth ratio of 10.47 and a beta of 2.22.

Intel (NASDAQ:INTC – Get Free Report) last released its quarterly earnings data 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. Intel had a positive return on equity of 2.62% and a negative net margin of 19.79%. The firm had revenue of $16.13 billion during the quarter, compared to analyst estimates of $14.43 billion. During the same quarter in the prior year, the firm posted ($0.10) earnings per share. The business’s quarterly revenue was up 25.2% compared to the same quarter last year. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. Analysts forecast that Intel Corporation will post 1.04 EPS for the current year.

Insider Buying and Selling

In other news, CEO Lip Bu Tan purchased 105,263 shares of the 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. This represents a 8.70% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.05% of the stock is owned by corporate insiders.

Intel Company Profile

(Free Report)

Intel Corporation (NASDAQ: INTC) is a global semiconductor company that designs and manufactures computing and connectivity products. Its portfolio includes central processing units (CPUs), graphics and accelerator products, chipsets, networking components, and other semiconductor solutions used in personal computers, servers, cloud infrastructure, artificial intelligence systems, and embedded applications.

The company serves a broad range of customers, including original equipment manufacturers, cloud service providers, enterprise businesses, telecommunications companies, government organizations, and other technology firms.