Intel Corporation $INTC Stock Bought by Fragasso Financial Advisors Inc

Fragasso Financial Advisors Inc lifted its holdings in shares of Intel Corporation (NASDAQ:INTC) by 64.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 19,793 shares of the chip maker’s stock after acquiring an additional 7,786 shares during the period. Fragasso Financial Advisors Inc’s holdings in Intel were worth $2,380,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in INTC. ABS Investment Management LLC acquired a new position in Intel during the 2nd quarter worth $694,101,000. Montgomery Financial Services LLC bought a new position in shares of Intel in the second quarter worth $26,000. Knuff & Co LLC acquired a new position in shares of Intel during the second quarter valued at $29,000. Glynn Capital Management LLC acquired a new position in shares of Intel during the second quarter valued at $29,000. Finally, Beaird Harris Wealth Management LLC increased its holdings in shares of Intel by 3,185.7% during the second quarter. Beaird Harris Wealth Management LLC now owns 230 shares of the chip maker’s stock valued at $32,000 after purchasing an additional 223 shares during the period. 64.53% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Intel news, CEO Lip Bu Tan bought 105,263 shares of Intel stock in a transaction that occurred on Tuesday, August 11th. The stock was purchased at an average cost of $95.00 per share, for a total transaction of $9,999,985.00. Following the completion of the acquisition, the chief executive officer owned 1,314,669 shares of the company’s stock, valued at approximately $124,893,555. This represents a 8.70% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.05% of the stock is currently owned by corporate insiders.

Key Stories Impacting Intel

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Erste Group Bank raised its Intel earnings forecasts to $1.08 per share for fiscal 2026 and $1.56 for fiscal 2027, above the current consensus estimates of $1.04 and approximately $1.04, respectively. The revisions suggest some analysts expect the turnaround to gain traction. Intel earnings estimate update
• Positive Sentiment: Intel unveiled its GPU D-series and new Xeon 6+ rack designs aimed at large-scale inference and enterprise AI workloads. The products could support Intel’s effort to challenge Nvidia in AI infrastructure and generate additional demand for its chips and software ecosystem. Intel Accelerates Open Infrastructure for the Agentic AI Era
• Positive Sentiment: Intel Foundry revenue reportedly grew 31%, while the company continues pursuing a foundry-first strategy to manufacture chips for outside customers. Successful execution could diversify Intel beyond its traditional processor business. Intel turnaround faces a new test

Wall Street Analyst Weigh In

INTC has been the topic of a number of recent analyst reports. New Street Research lifted their price objective on shares of Intel from $100.00 to $122.00 in a research note on Friday, June 26th. The Goldman Sachs Group reissued a “neutral” rating on shares of Intel in a research note on Thursday, July 23rd. Citigroup initiated coverage on shares of Intel in a research report on Tuesday, September 8th. They set a “buy” rating on the stock. Morgan Stanley upped their price target on shares of Intel from $75.00 to $84.00 and gave the stock an “equal weight” rating in a research note on Friday, July 24th. Finally, Stifel Nicolaus decreased their price objective on shares of Intel from $120.00 to $110.00 and set a “hold” rating for the company in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, twenty-seven have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $109.06.

Intel Price Performance

Intel stock traded up $0.80 during midday trading on Tuesday, hitting $102.14. The company’s stock had a trading volume of 47,333,543 shares, compared to its average volume of 116,034,977. Intel Corporation has a 12 month low of $32.89 and a 12 month high of $142.35. The company has a quick ratio of 1.25, a current ratio of 1.60 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $515.22 billion, a PE ratio of -48.35, a price-to-earnings-growth ratio of 11.17 and a beta of 2.22. The stock’s 50-day moving average price is $103.40 and its 200-day moving average price is $100.25.

Intel (NASDAQ:INTC) last posted its quarterly earnings data 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. The company had revenue of $16.13 billion during 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 business’s revenue for the quarter was up 25.2% on a year-over-year basis. During the same quarter last year, the firm posted ($0.10) EPS. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. Analysts anticipate that Intel Corporation will post 1.04 earnings per share for the current fiscal year.

Intel Company Profile

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.