Pinnacle West Asset Management Inc. Invests $3.37 Million in Intel Corporation $INTC

Pinnacle West Asset Management Inc. bought a new stake in Intel Corporation (NASDAQ:INTC) during the 2nd quarter, Holdings Channel.com reports. The firm bought 24,154 shares of the chip maker’s stock, valued at approximately $3,373,000. Intel comprises about 2.3% of Pinnacle West Asset Management Inc.’s portfolio, making the stock its 13th largest position.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ieq Capital LLC acquired a new stake in Intel during the 2nd quarter valued at approximately $129,403,000. Sterling Financial Planning Inc. acquired a new position in shares of Intel in the 2nd quarter worth approximately $237,000. Callan Family Office LLC acquired a new position in shares of Intel in the 2nd quarter worth approximately $10,742,000. G2 Capital Management LLC OH bought a new stake in shares of Intel in the 2nd quarter valued at $781,000. Finally, Keebeck Wealth Management bought a new stake in shares of Intel in the 2nd quarter valued at $1,998,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Price Performance

Shares of NASDAQ INTC opened at $89.47 on Monday. 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 firm has a market cap of $451.29 billion, a PE ratio of -42.40, a P/E/G ratio of 9.89 and a beta of 2.22. The company’s fifty day simple moving average is $104.64 and its 200 day simple moving average is $86.65. Intel Corporation has a 12-month low of $23.68 and a 12-month 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 for the quarter, beating the consensus estimate of $0.21 by $0.21. Intel had a negative net margin of 19.79% and a positive return on equity of 2.62%. The firm had revenue of $16.13 billion during the quarter, compared to the consensus estimate of $14.43 billion. During the same period in the previous year, the firm posted ($0.10) earnings per share. The business’s 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. As a group, sell-side analysts forecast that Intel Corporation will post 1 earnings per share for the current fiscal year.

Insider Activity at Intel

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 acquired 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 of the company’s stock, valued at approximately $124,893,555. This represents a 8.70% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.05% of the stock is currently owned by corporate insiders.

Intel News Roundup

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Chief Executive Officer Lip-Bu Tan reportedly purchased approximately $10 million of Intel stock at $95 per share earlier this month. The shares now trade below that level, making the purchase a potential signal of management’s confidence in Intel’s turnaround. Intel CEO insider purchase article
• Positive Sentiment: Fundstrat ETFs added Intel to a quarterly rebalance, which could provide incremental institutional demand and reflects improving sentiment toward the chipmaker. Fundstrat ETF rebalance article
• Positive Sentiment: Intel has gained attention from investors following reports of a new Advantech connection and its potential role in AI infrastructure. Strong Nvidia results also reinforced expectations that demand for data-center and AI-related hardware remains robust. Intel Advantech connection article
• Neutral Sentiment: Reports that investor Nancy Pelosi bought Intel shares and call options may support retail and political-investor interest, but the trade does not change Intel’s operating outlook. Nancy Pelosi Intel investment article
• Negative Sentiment: Intel’s manufacturing operations reportedly continue to lose money on wafers, much of which are sold internally. The stock’s elevated valuation appears to assume that the foundry business eventually becomes profitable, leaving substantial execution risk if losses persist. Intel manufacturing losses article
• Negative Sentiment: Intel is also being pressured by broad semiconductor profit-taking after Nvidia’s earnings-fueled rally. Raymond James reportedly prefers AMD over Intel among the two AI-exposed CPU companies, highlighting competitive concerns and uncertainty over Intel’s ability to convert AI demand into durable growth. Semiconductor profit-taking article

Wall Street Analysts Forecast Growth

INTC has been the subject of a number of analyst reports. JPMorgan Chase & Co. lifted their target price on shares of Intel from $45.00 to $85.00 and gave the stock an “underweight” rating in a research note on Friday, July 24th. Zacks Research cut shares of Intel from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 31st. Oppenheimer began coverage on Intel in a report on Thursday, June 11th. They set an “outperform” rating for the company. Seaport Research Partners reissued a “buy” rating and issued a $125.00 price objective on shares of Intel in a research report on Friday, July 24th. Finally, Sanford C. Bernstein reissued a “market perform” rating and issued a $110.00 price objective on shares of Intel in a research note on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, thirty-one have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $107.46.

Intel Company 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.