Arizona State Retirement System Sells 19,145 Shares of Intel Corporation $INTC

Arizona State Retirement System reduced its stake in Intel Corporation (NASDAQ:INTC) by 1.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,219,079 shares of the chip maker’s stock after selling 19,145 shares during the quarter. Intel comprises approximately 0.8% of Arizona State Retirement System’s portfolio, making the stock its 16th biggest holding. Arizona State Retirement System’s holdings in Intel were worth $170,220,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. West Family Investments Inc. grew its stake in Intel by 81.3% in the 2nd quarter. West Family Investments Inc. now owns 15,594 shares of the chip maker’s stock worth $2,177,000 after buying an additional 6,991 shares in the last quarter. Paragon Capital Management Ltd bought a new position in shares of Intel in the 2nd quarter worth $270,000. Empirical Finance LLC raised its position in shares of Intel by 4.0% during the 2nd quarter. Empirical Finance LLC now owns 147,571 shares of the chip maker’s stock valued at $20,605,000 after buying an additional 5,641 shares in the last quarter. Nykredit A S purchased a new stake in shares of Intel during the 2nd quarter valued at $153,669,000. Finally, Parkside Financial Bank & Trust lifted its holdings in shares of Intel by 12.0% during the 2nd quarter. Parkside Financial Bank & Trust now owns 19,654 shares of the chip maker’s stock worth $2,744,000 after acquiring an additional 2,109 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

INTC has been the subject of several research reports. Zacks Research lowered shares of Intel from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 31st. Susquehanna lifted their price target on Intel from $80.00 to $115.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. Truist Financial upped their price objective on Intel from $81.00 to $108.00 and gave the stock a “hold” rating in a report on Friday, July 24th. Wells Fargo & Company increased their price objective on Intel from $110.00 to $120.00 and gave the company an “equal weight” rating in a research report on Friday, July 24th. Finally, Robert W. Baird raised their price objective on Intel from $75.00 to $125.00 and gave the company a “neutral” rating in a report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, twenty-eight have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Intel has a consensus rating of “Hold” and an average price target of $107.80.

Intel Stock Up 2.6%

Shares of NASDAQ:INTC opened at $102.94 on Friday. The stock has a market capitalization of $519.23 billion, a P/E ratio of -48.79, a price-to-earnings-growth ratio of 10.75 and a beta of 2.22. The stock’s 50-day moving average price is $97.86 and its 200-day moving average price is $89.89. The company has a current ratio of 1.60, a quick ratio of 1.25 and a debt-to-equity ratio of 0.47. Intel Corporation has a 12-month low of $24.05 and a 12-month high of $142.35.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, July 23rd. The chip maker reported $0.42 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $16.13 billion during the quarter, compared to analysts’ expectations of $14.43 billion. During the same period in the prior year, the business posted ($0.10) EPS. Intel’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. On average, equities analysts anticipate that Intel Corporation will post 1.04 earnings per share for the current year.

More Intel News

Here are the key news stories impacting Intel this week:

• Positive Sentiment: A report that Intel may raise prices on selected PC processors by as much as 10% fueled optimism that tight supply could improve revenue and margins. The market is watching whether the increases reflect sustainable pricing power or temporary scarcity. Intel May Raise Chip Prices 10%
• Positive Sentiment: Northland upgraded Intel to “Outperform” and set a $120 price target, citing progress in the turnaround and constrained server-CPU supply. The call adds to evidence that execution and demand trends may be improving. Northland Intel Upgrade
• Positive Sentiment: Intel-backed Altera is reportedly preparing an IPO that could raise more than $2 billion as early as 2026. A successful offering could highlight the value of Intel’s portfolio and potentially provide capital or a valuation reference for the business. Altera IPO Report
• Positive Sentiment: Broader semiconductor strength, supported by continued AI infrastructure spending, also lifted Intel alongside major chip peers. Investor attention is increasingly turning to Intel’s advanced packaging capabilities and potential AI-related revenue opportunities. Chip Stocks Rise on AI Spending
• Neutral Sentiment: CEO Lip-Bu Tan’s reported purchase of approximately $10 million of Intel shares provides a vote of confidence, but it does not change the company’s earnings outlook by itself. Intel CEO Share Purchase
• Negative Sentiment: Despite the rally, Piper Sandler initiated coverage at “Hold,” while other analysts remain cautious because Intel’s valuation has risen sharply ahead of proof that the turnaround can generate consistent profits. Recent profit-taking after a multiday advance underscores the stock’s elevated volatility. Piper Sandler Intel Rating
• Negative Sentiment: Investors still face substantial risks from Intel’s ongoing GAAP losses, competition from Nvidia and AMD in AI chips, and uncertainty over whether higher processor prices will persist once supply conditions normalize.

Insiders Place Their Bets

In related news, CEO Lip Bu Tan acquired 105,263 shares of the company’s stock in a transaction dated 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 completion of the purchase, 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 position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.05% of the company’s stock.

Intel Profile

Intel Corporation (NASDAQ: INTC) is a global semiconductor company that designs and manufactures computing and communications products. Its portfolio includes Intel Core processors for personal computers, Xeon processors for data centers and enterprise systems, and products for edge computing, networking, and other specialized applications.

Intel also develops graphics processing units under its Intel Arc and Intel Data Center GPU brands, Gaudi artificial intelligence accelerators, Ethernet products, software, and related platform technologies.