Intel Corporation $INTC Shares Acquired by Assetmark Inc.

Assetmark Inc. grew its holdings in shares of Intel Corporation (NASDAQ:INTC) by 49.2% in the 1st quarter, Holdings Channel reports. The fund owned 43,600 shares of the chip maker’s stock after acquiring an additional 14,373 shares during the period. Assetmark Inc.’s holdings in Intel were worth $1,924,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Main Street Group LTD acquired a new stake in Intel during the first quarter worth about $132,000. Angeles Wealth Management LLC raised its stake in Intel by 0.7% during the 1st quarter. Angeles Wealth Management LLC now owns 19,107 shares of the chip maker’s stock valued at $843,000 after acquiring an additional 134 shares in the last quarter. Brown Shipley& Co Ltd boosted its position in Intel by 1.2% during the 1st quarter. Brown Shipley& Co Ltd now owns 50,942 shares of the chip maker’s stock worth $2,248,000 after acquiring an additional 602 shares during the period. Bessemer Group Inc. boosted its position in Intel by 2,280.6% during the 1st quarter. Bessemer Group Inc. now owns 2,478,020 shares of the chip maker’s stock worth $109,355,000 after acquiring an additional 2,373,927 shares during the period. Finally, SteelPeak Wealth LLC grew its stake in shares of Intel by 36.3% in the first quarter. SteelPeak Wealth LLC now owns 730,224 shares of the chip maker’s stock worth $32,225,000 after purchasing an additional 194,295 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Insider Activity at Intel

In related news, EVP Boise April Miller sold 40,256 shares of the firm’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $99.53, for a total transaction of $4,006,679.68. Following the sale, the executive vice president directly owned 105,077 shares in the company, valued at $10,458,313.81. This trade represents a 27.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.05% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Intel

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel beat Q2 estimates with earnings of $0.42 per share versus $0.21 expected, and revenue of $16.13 billion versus $14.43 billion expected, signaling that demand is stronger than analysts anticipated. Intel Reports Second-Quarter 2026 Financial Results
• Positive Sentiment: Management also lifted Q3 guidance, forecasting EPS of $0.38 and revenue of $15.8 billion to $16.8 billion, both above consensus, which suggests the momentum could continue into the next quarter. Intel sales, profit forecast beat estimates, boosts spending plans on AI boom
• Positive Sentiment: Several reports highlighted Intel’s fastest revenue growth in more than 15 years, with data center and AI demand helping drive a 25% sales increase and a 59% jump in data center/AI revenue, strengthening the bull case for the turnaround. Intel blows past estimates, recording fastest sales growth in almost 15 years on ‘unprecedented’ demand
• Positive Sentiment: Intel’s foundry progress and new customer momentum, including collaboration headlines such as Fortinet becoming a named Intel Foundry customer, are adding to investor confidence in the longer-term manufacturing recovery. Fortinet and Intel Just Announced a New Collaboration
• Neutral Sentiment: Heading into the report, options markets and traders were pricing in a large post-earnings swing, showing that expectations were already elevated and volatility could stay high. Intel Could Swing By $68.3 Billion After Earnings
• Negative Sentiment: Some analysts remained cautious, arguing that a strong quarter does not automatically make Intel a good long-term investment, which may limit upside if investors focus on valuation after the recent rally. Intel: A Great Quarter Doesn’t Make It A Good Investment (Downgrade)

Intel Trading Down 2.3%

Intel stock opened at $100.23 on Friday. The business’s 50-day simple moving average is $116.17 and its 200-day simple moving average is $77.97. The firm has a market capitalization of $503.76 billion, a PE ratio of -161.66 and a beta of 2.18. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.85 and a current ratio of 2.31. Intel Corporation has a 52 week low of $18.97 and a 52 week high of $142.35.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, July 23rd. The chip maker reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.21. The firm had revenue of $16.13 billion during the quarter, compared to analyst estimates of $14.43 billion. Intel had a negative net margin of 5.90% and a positive return on equity of 0.39%. The company’s quarterly revenue was up 25.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.10) earnings per share. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. Equities research analysts forecast that Intel Corporation will post 0.65 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on INTC. Rosenblatt Securities increased their price objective on shares of Intel from $30.00 to $50.00 and gave the company a “sell” rating in a report on Friday, April 24th. Stifel Nicolaus upped their target price on Intel from $75.00 to $120.00 and gave the stock a “hold” rating in a research report on Friday, July 10th. BNP Paribas Exane raised Intel from an “underperform” rating to a “buy” rating and set a $60.00 price target for the company in a research note on Tuesday, April 21st. Bank of America boosted their price objective on Intel from $135.00 to $160.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Finally, Evercore set a $95.00 price objective on Intel in a report on Friday, April 24th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twenty-nine have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $102.77.

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.