Pictet Asset Management Holding SA Lowers Holdings in Intel Corporation $INTC

Pictet Asset Management Holding SA lowered its position in shares of Intel Corporation (NASDAQ:INTC) by 32.7% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,578,123 shares of the chip maker’s stock after selling 1,253,905 shares during the quarter. Pictet Asset Management Holding SA owned 0.05% of Intel worth $359,972,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of INTC. Beaird Harris Wealth Management LLC boosted its holdings in shares of Intel by 3,185.7% in the second quarter. Beaird Harris Wealth Management LLC now owns 230 shares of the chip maker’s stock valued at $32,000 after acquiring an additional 223 shares in the last quarter. Carolina Wealth Advisors LLC raised its holdings in Intel by 167.0% during the second quarter. Carolina Wealth Advisors LLC now owns 267 shares of the chip maker’s stock worth $37,000 after purchasing an additional 167 shares in the last quarter. Ramsey Quantitative Systems purchased a new position in Intel during the second quarter worth about $50,000. Allied Private Wealth LLC acquired a new stake in Intel in the second quarter valued at about $68,000. Finally, Financial Life Planners acquired a new stake in Intel in the first quarter valued at about $25,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Analyst Upgrades and Downgrades

INTC has been the topic of several recent analyst reports. Piper Sandler assumed coverage on Intel in a research report on Thursday, June 11th. They set a “neutral” rating on the stock. Mizuho decreased their price target on Intel from $135.00 to $109.00 and set a “neutral” rating on the stock in a research note on Friday, July 24th. KGI Securities downgraded Intel from an “outperform” rating to a “neutral” rating and set a $71.00 price target on the stock. in a research note on Monday, April 20th. Barclays upped their price objective on Intel from $65.00 to $100.00 and gave the stock an “equal weight” rating in a report on Monday, June 1st. Finally, Wedbush increased their price objective on Intel from $60.00 to $98.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, thirty-two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $107.46.

Intel Price Performance

INTC stock opened at $103.49 on Tuesday. The firm has a 50 day moving average of $110.12 and a 200-day moving average of $83.99. Intel Corporation has a 12-month low of $22.77 and a 12-month high of $142.35. The company has a current ratio of 1.60, a quick ratio of 1.25 and a debt-to-equity ratio of 0.47. The company has a market cap of $522.00 billion, a price-to-earnings ratio of -49.05 and a beta of 2.22.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, July 23rd. The chip maker reported $0.42 EPS for the quarter, topping the consensus estimate of $0.21 by $0.21. The business had revenue of $16.13 billion for the quarter, compared to analyst estimates of $14.43 billion. Intel had a positive return on equity of 2.62% and a negative net margin of 19.79%.The company’s quarterly revenue was up 25.2% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.10) EPS. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. As a group, equities analysts expect that Intel Corporation will post 1.01 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Lip Bu Tan bought 105,263 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were bought at an average cost of $95.00 per share, for a total transaction of $9,999,985.00. Following the completion of the transaction, the chief executive officer owned 1,314,669 shares in the company, valued at $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 Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.05% of the company’s stock.

Trending Headlines about Intel

Here are the key news stories impacting Intel this week:

• Positive Sentiment: CEO Lip-Bu Tan disclosed a purchase of 105,263 Intel shares at $95 each, worth approximately $10 million. His investment is being viewed as a strong vote of confidence in Intel’s recovery strategy. Intel CEO insider purchase
• Positive Sentiment: Intel’s recently upsized equity offering is expected to provide roughly $20 billion to $23 billion for investments in manufacturing, AI and the foundry business. Reports of improving yields at GlobalFoundries and broader customer interest support the possibility of progress in Intel Foundry. Intel’s capital raise and foundry progress
• Positive Sentiment: SoftBank Group reportedly allocated 66.81% of its disclosed U.S. equity portfolio to Intel, potentially reinforcing the view that the chipmaker could benefit from the long-term AI infrastructure buildout. SoftBank’s Intel investment
• Positive Sentiment: Intel participated in a broader rally across chip and memory stocks as investors continued to favor companies exposed to strong AI spending and semiconductor infrastructure demand. Semiconductor stock market moves
• Neutral Sentiment: CEO Tan said Intel is exploring new memory architectures that bring memory and processors closer together. The initiative could expand Intel’s AI opportunity, but it is still exploratory and offers no near-term revenue assurance. Intel explores memory architectures
• Neutral Sentiment: Institutional signals are mixed: some reports describe new or enlarged semiconductor positions, while Stanley Druckenmiller’s fund was reported to have sold Intel in the second quarter. Druckenmiller’s Intel position
• Negative Sentiment: The equity raise strengthens Intel’s balance sheet but dilutes existing shareholders and raises the execution burden for the turnaround. Intel’s secondary share sale
• Negative Sentiment: At roughly 62 times expected next year’s earnings, Intel’s valuation assumes substantial future profitability even though the company reportedly lost about $11 billion over the past year, much of it noncash. Intel valuation and recent losses

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.