Pictet Asset Management Holding SA Reduces Holdings in Intel Corporation $INTC

Pictet Asset Management Holding SA lowered its holdings in shares of Intel Corporation (NASDAQ:INTC) by 32.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,578,123 shares of the chip maker’s stock after selling 1,253,905 shares during the period. Pictet Asset Management Holding SA’s holdings in Intel were worth $359,972,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. raised its position in shares of Intel by 3.5% during the 4th quarter. Vanguard Group Inc. now owns 404,522,308 shares of the chip maker’s stock worth $14,926,873,000 after purchasing an additional 13,692,624 shares during the last quarter. State Street Corp grew its holdings in Intel by 2.8% during the 4th quarter. State Street Corp now owns 208,536,784 shares of the chip maker’s stock valued at $7,695,007,000 after buying an additional 5,714,400 shares during the last quarter. Capital World Investors grew its holdings in Intel by 20.3% during the 4th quarter. Capital World Investors now owns 104,060,268 shares of the chip maker’s stock valued at $3,839,833,000 after buying an additional 17,557,147 shares during the last quarter. Geode Capital Management LLC increased its position in Intel by 3.2% during 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 buying an additional 3,124,798 shares in the last quarter. Finally, Morgan Stanley increased its position in Intel by 20.4% during the fourth quarter. Morgan Stanley now owns 65,249,269 shares of the chip maker’s stock worth $2,407,698,000 after buying an additional 11,056,090 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

More Intel News

Here are the key news stories impacting Intel this week:

• Positive Sentiment: CEO Lip-Bu Tan disclosed a purchase of 105,263 Intel shares at $95 each, worth approximately $10 million. His investment is being viewed as a strong vote of confidence in Intel’s recovery strategy. Intel CEO insider purchase
• Positive Sentiment: Intel’s recently upsized equity offering is expected to provide roughly $20 billion to $23 billion for investments in manufacturing, AI and the foundry business. Reports of improving yields at GlobalFoundries and broader customer interest support the possibility of progress in Intel Foundry. Intel’s capital raise and foundry progress
• Positive Sentiment: SoftBank Group reportedly allocated 66.81% of its disclosed U.S. equity portfolio to Intel, potentially reinforcing the view that the chipmaker could benefit from the long-term AI infrastructure buildout. SoftBank’s Intel investment
• Positive Sentiment: Intel participated in a broader rally across chip and memory stocks as investors continued to favor companies exposed to strong AI spending and semiconductor infrastructure demand. Semiconductor stock market moves
• Neutral Sentiment: CEO Tan said Intel is exploring new memory architectures that bring memory and processors closer together. The initiative could expand Intel’s AI opportunity, but it is still exploratory and offers no near-term revenue assurance. Intel explores memory architectures
• Neutral Sentiment: Institutional signals are mixed: some reports describe new or enlarged semiconductor positions, while Stanley Druckenmiller’s fund was reported to have sold Intel in the second quarter. Druckenmiller’s Intel position
• Negative Sentiment: The equity raise strengthens Intel’s balance sheet but dilutes existing shareholders and raises the execution burden for the turnaround. Intel’s secondary share sale
• Negative Sentiment: At roughly 62 times expected next year’s earnings, Intel’s valuation assumes substantial future profitability even though the company reportedly lost about $11 billion over the past year, much of it noncash. Intel valuation and recent losses

Intel Price Performance

INTC stock opened at $103.49 on Tuesday. The stock has a market capitalization of $522.00 billion, a price-to-earnings ratio of -49.05 and a beta of 2.22. The company has a quick ratio of 1.25, a current ratio of 1.60 and a debt-to-equity ratio of 0.47. Intel Corporation has a 52-week low of $22.77 and a 52-week high of $142.35. The stock’s fifty day simple moving average is $110.12 and its 200-day simple moving average is $83.99.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, July 23rd. The chip maker reported $0.42 EPS for the quarter, beating the consensus estimate of $0.21 by $0.21. Intel had a positive return on equity of 2.62% and a negative net margin of 19.79%.The firm had revenue of $16.13 billion during the quarter, compared to analyst estimates of $14.43 billion. During the same period in the prior year, the firm posted ($0.10) earnings per share. The business’s quarterly 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. Equities research analysts expect that Intel Corporation will post 1.01 EPS for the current year.

Insider Buying and Selling

In related news, CEO Lip Bu Tan acquired 105,263 shares of the company’s stock in a transaction dated Tuesday, August 11th. The stock was bought at an average price of $95.00 per share, with a total value of $9,999,985.00. Following the purchase, the chief executive officer directly owned 1,314,669 shares in the company, valued at $124,893,555. The trade was a 8.70% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.05% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on INTC. Truist Financial upped their price objective on Intel from $81.00 to $108.00 and gave the company a “hold” rating in a research report on Friday, July 24th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Intel in a research report on Tuesday, July 21st. Daiwa Securities Group downgraded shares of Intel from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. KGI Securities downgraded shares of Intel from an “outperform” rating to a “neutral” rating and set a $71.00 target price for the company. in a research note on Monday, April 20th. Finally, Northland Securities lowered shares of Intel from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, thirty-two have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus 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.