State of Alaska Department of Revenue Buys 7,777 Shares of Intel Corporation $INTC

State of Alaska Department of Revenue increased its stake in shares of Intel Corporation (NASDAQ:INTC) by 1.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 592,941 shares of the chip maker’s stock after purchasing an additional 7,777 shares during the period. Intel makes up 0.7% of State of Alaska Department of Revenue’s investment portfolio, making the stock its 22nd biggest position. State of Alaska Department of Revenue’s holdings in Intel were worth $71,289,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of INTC. Charles Schwab Trust Co raised its holdings in Intel by 7.8% in the third quarter. Charles Schwab Trust Co now owns 9,418 shares of the chip maker’s stock valued at $1,132,000 after acquiring an additional 680 shares in the last quarter. Turtle Creek Wealth Advisors LLC lifted its stake in Intel by 0.5% in the third quarter. Turtle Creek Wealth Advisors LLC now owns 47,793 shares of the chip maker’s stock worth $5,746,000 after acquiring an additional 251 shares during the last quarter. Purus Wealth Management LLC grew its holdings in Intel by 21.3% during the 3rd quarter. Purus Wealth Management LLC now owns 3,718 shares of the chip maker’s stock worth $447,000 after acquiring an additional 653 shares in the last quarter. Mainsail Asset Management LLC grew its holdings in Intel by 29.2% during the 3rd quarter. Mainsail Asset Management LLC now owns 3,435 shares of the chip maker’s stock worth $386,000 after acquiring an additional 776 shares in the last quarter. Finally, Nvwm LLC grew its holdings in Intel by 128.4% during the 3rd quarter. Nvwm LLC now owns 747 shares of the chip maker’s stock worth $90,000 after acquiring an additional 420 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel News Roundup

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel’s Crescent Island inference GPU has reached customer testing, offering a potential foothold in lower-cost AI computing and supporting the company’s broader AI-chip and foundry strategy. Intel GPU reaches customer testing
• Positive Sentiment: Thirty-four exchange-traded funds added Intel holdings on October 13, signaling continued institutional exposure, although the purchases may have limited near-term impact. 34 ETFs add Intel holdings
• Positive Sentiment: Analyst commentary continues to highlight strong chip demand, recent revenue growth and Intel’s potential foundry opportunity. KeyBanc also included Intel among its preferred semiconductor stocks ahead of earnings. KeyBanc semiconductor picks
• Neutral Sentiment: Investors are awaiting Intel’s October 22 results for evidence that improving chip supply can drive fourth-quarter growth and that external foundry customers are materializing. Intel earnings preview
• Negative Sentiment: Intel has declined alongside AMD, Nvidia and TSMC in a sector-wide sell-off driven by concerns over expensive AI valuations, financing costs, inflation and slowing enthusiasm for the AI trade. Even TSMC’s record quarterly results failed to stabilize chip stocks. Intel and AMD semiconductor sell-off
• Negative Sentiment: TSMC’s CEO suggested the company could support customers if Intel’s advanced-packaging ramp falls short, raising concerns about execution, capacity and competitive pressure on Intel’s foundry ambitions. TSMC advanced-packaging commentary
• Negative Sentiment: An explosion at Intel’s Kiryat Gat, Israel, facility added an operational-risk overhang, while ongoing foundry losses and a recent rally have made investors more sensitive to disappointing news. Intel Kiryat Gat facility explosion

Analysts Set New Price Targets

INTC has been the topic of a number of recent analyst reports. Wall Street Zen downgraded shares of Intel from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Mizuho lifted their price objective on shares of Intel from $92.00 to $114.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 6th. Barclays raised shares of Intel from a “hold” rating to an “overweight” rating in a research report on Wednesday, September 16th. Seaport Research Partners reiterated a “buy” rating and set a $125.00 target price on shares of Intel in a research note on Friday, July 24th. Finally, New Street Research increased their target price on Intel from $100.00 to $122.00 in a report on Friday, June 26th. One investment 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 given a Sell rating to the company. According to data from MarketBeat, Intel currently has a consensus rating of “Hold” and a consensus price target of $109.06.

Insider Activity

In other news, CEO Lip Bu Tan bought 105,263 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The stock was purchased at an average cost of $95.00 per share, with a total value of $9,999,985.00. Following the transaction, the chief executive officer directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.05% of the stock is currently owned by company insiders.

Intel Stock Down 4.1%

Shares of NASDAQ INTC traded down $4.06 during mid-day trading on Thursday, reaching $94.06. The company had a trading volume of 87,852,277 shares, compared to its average volume of 116,033,836. The firm has a 50 day simple moving average of $103.38 and a two-hundred day simple moving average of $101.03. Intel Corporation has a 52-week low of $32.89 and a 52-week 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 stock has a market cap of $474.43 billion, a P/E ratio of -44.53, a PEG ratio of 10.97 and a beta of 2.22.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, July 23rd. The chip maker reported $0.42 earnings per share (EPS) 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 the consensus estimate of $14.43 billion. Intel had a negative net margin of 19.79% and a positive return on equity of 2.62%. Intel’s revenue for the quarter was up 25.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.10) earnings per share. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. Sell-side analysts predict that Intel Corporation will post 1.04 earnings per share for the current year.

Intel 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.