Point Break Capital Management LLC Takes $1.74 Million Position in Intel Corporation $INTC

Point Break Capital Management LLC bought a new position in shares of Intel Corporation (NASDAQ:INTC) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 39,400 shares of the chip maker’s stock, valued at approximately $1,739,000. Intel makes up approximately 2.0% of Point Break Capital Management LLC’s investment portfolio, making the stock its 11th biggest position.

Several other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in Intel by 3.5% during the fourth quarter. Vanguard Group Inc. now owns 404,522,308 shares of the chip maker’s stock valued at $14,926,873,000 after buying an additional 13,692,624 shares in the last quarter. State Street Corp increased its position in shares of Intel by 2.8% in the fourth quarter. State Street Corp now owns 208,536,784 shares of the chip maker’s stock worth $7,695,007,000 after acquiring an additional 5,714,400 shares in the last quarter. Capital World Investors increased its position in shares of Intel by 20.3% in the fourth quarter. Capital World Investors now owns 104,060,268 shares of the chip maker’s stock worth $3,839,833,000 after acquiring an additional 17,557,147 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Intel by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 101,931,512 shares of the chip maker’s stock worth $3,744,406,000 after acquiring an additional 3,124,798 shares in the last quarter. Finally, Morgan Stanley raised its stake in shares of Intel by 20.4% in the 4th quarter. Morgan Stanley now owns 65,249,269 shares of the chip maker’s stock valued at $2,407,698,000 after acquiring an additional 11,056,090 shares during the period. 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 business’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $99.53, for a total value of $4,006,679.68. Following the transaction, the executive vice president owned 105,077 shares in the company, valued at approximately $10,458,313.81. The trade was a 27.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.05% of the company’s stock.

Intel Price Performance

INTC opened at $92.32 on Friday. Intel Corporation has a twelve month low of $18.97 and a twelve month high of $142.35. The firm has a market cap of $464.00 billion, a price-to-earnings ratio of -43.75 and a beta of 2.18. The company has a current ratio of 2.31, a quick ratio of 1.85 and a debt-to-equity ratio of 0.34. The company has a fifty day simple moving average of $115.84 and a 200 day simple moving average of $78.07.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, July 23rd. The chip maker reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.21. The firm had revenue of $16.13 billion for 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 2.52%. The firm’s revenue was up 25.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.10) EPS. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. Equities research analysts expect that Intel Corporation will post 0.65 EPS for the current fiscal year.

Analyst Ratings Changes

INTC has been the subject of a number of research reports. Wolfe Research initiated coverage on shares of Intel in a research report on Thursday, June 11th. They set a “peer perform” rating for the company. Piper Sandler began coverage on Intel in a research report on Thursday, June 11th. They issued a “neutral” rating on the stock. Evercore set a $95.00 price objective on Intel in a research note on Friday, April 24th. New Street Research boosted their price objective on Intel from $100.00 to $122.00 in a research note on Friday, June 26th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $100.00 target price on shares of Intel in a research report on Tuesday, May 12th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, twenty-nine have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Intel currently has a consensus rating of “Hold” and an average price target of $107.67.

Intel News Summary

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel beat Q2 expectations with EPS of $0.42 versus $0.21 expected and revenue of $16.13 billion versus $14.43 billion, marking its fastest revenue growth in more than 15 years. Reuters article
• Positive Sentiment: Intel’s Q3 guidance topped estimates, signaling management sees continued momentum from AI-related server-chip demand and improving foundry execution. CNBC article
• Positive Sentiment: Analysts and media coverage highlighted stronger data-center and AI demand, along with early progress in Intel’s foundry business and 18A manufacturing roadmap. MarketWatch/Fool article

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.