VIRGINIA RETIREMENT SYSTEMS ET Al Invests $103.71 Million in Intel Corporation $INTC

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Intel Corporation (NASDAQ:INTC) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 742,744 shares of the chip maker’s stock, valued at approximately $103,709,000. Intel makes up 0.6% of VIRGINIA RETIREMENT SYSTEMS ET Al’s portfolio, making the stock its 27th biggest position.

Other large investors also recently bought and sold shares of the company. ABS Investment Management LLC acquired a new stake in shares of Intel during the 2nd quarter worth approximately $694,101,000. Montgomery Financial Services LLC purchased a new position in shares of Intel during the 2nd quarter valued at approximately $26,000. Knuff & Co LLC acquired a new position in shares of Intel in the 2nd quarter valued at $29,000. Glynn Capital Management LLC acquired a new position in shares of Intel in the 2nd quarter valued at $29,000. Finally, Beaird Harris Wealth Management LLC boosted its holdings in Intel by 3,185.7% during the second quarter. Beaird Harris Wealth Management LLC now owns 230 shares of the chip maker’s stock worth $32,000 after buying an additional 223 shares in the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

Key Intel News

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel-backed Altera is reportedly preparing an IPO that could raise more than $2 billion as early as 2026. A successful listing could highlight the value of Intel’s semiconductor assets and provide potential liquidity or valuation support. Reuters Altera IPO report
• Positive Sentiment: Intel and ASML are expanding work on High-NA EUV manufacturing, supporting the company’s argument that its foundry technology is progressing. Intel also continues to receive attention for possible memory-market opportunities and reported pricing power in enterprise CPUs.
• Neutral Sentiment: A partnership with Atsign reportedly delivered an approximately 88-fold improvement in encrypted Edge AI performance using Intel hardware. The announcement supports Intel’s AI and edge-computing positioning, but it does not yet indicate a material revenue contribution. Atsign and Intel Edge AI article
• Negative Sentiment: Piper Sandler initiated coverage with a Neutral rating, suggesting investors may have missed the better entry point after Intel’s major rally. The cautious stance reinforced valuation concerns. Piper Sandler Intel coverage
• Negative Sentiment: Mizuho reportedly reduced its price target to $92, citing valuation risk despite improving server demand and execution. Other commentary similarly argues that Intel’s recent gains have outpaced its current fundamentals. Mizuho Intel price target article
• Negative Sentiment: The broader semiconductor group also weakened as investors locked in profits, while Nvidia’s efforts to extend its AI-chip dominance raised competitive concerns for Intel and AMD. Intel’s shares had gained more than 20% over the prior five sessions, increasing selling pressure after the steep run-up. Intel profit-taking article

Intel Stock Down 5.6%

INTC stock opened at $100.32 on Friday. The company has a market cap of $506.01 billion, a price-to-earnings ratio of -47.54, a PEG ratio of 11.38 and a beta of 2.22. 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. The firm has a 50-day moving average of $98.21 and a two-hundred day moving average of $89.79.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, July 23rd. The chip maker reported $0.42 earnings per share 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 analysts’ expectations of $14.43 billion. Intel had a positive return on equity of 2.62% and a negative net margin of 19.79%.The business’s revenue for the quarter was up 25.2% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.10) EPS. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. As a group, analysts forecast that Intel Corporation will post 1.04 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on INTC shares. Weiss Ratings lowered shares of Intel from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday. BTIG Research upgraded Intel from a “neutral” rating to a “buy” rating in a research report on Thursday, June 11th. Morgan Stanley upped their target price on Intel from $75.00 to $84.00 and gave the stock an “equal weight” rating in a research note on Friday, July 24th. New Street Research increased their target price on Intel from $100.00 to $122.00 in a research report on Friday, June 26th. Finally, Bank of America dropped their price target on shares of Intel from $160.00 to $145.00 and set a “buy” rating on the stock in a research note on Wednesday, August 12th. One equities research 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 assigned a Sell rating to the stock. According to MarketBeat.com, Intel presently has a consensus rating of “Hold” and a consensus target price of $107.80.

Insider Buying and Selling

In related news, CEO Lip Bu Tan acquired 105,263 shares of the stock in a transaction on Tuesday, August 11th. The shares were bought 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 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.05% of the company’s stock.

Intel Company 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.