Westpac Banking Corp Takes Position in Intel Corporation $INTC

Westpac Banking Corp bought a new position in shares of Intel Corporation (NASDAQ:INTC) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 70,460 shares of the chip maker’s stock, valued at approximately $9,838,000. Intel makes up about 0.6% of Westpac Banking Corp’s investment portfolio, making the stock its 29th largest position.

Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank purchased a new position in shares of Intel in the fourth quarter valued at $2,233,159,000. Capital Research Global Investors lifted its stake in shares of Intel by 285.9% during the fourth quarter. Capital Research Global Investors now owns 26,619,928 shares of the chip maker’s stock valued at $982,279,000 after buying an additional 19,722,010 shares during the period. Capital World Investors boosted its holdings in shares of Intel by 20.3% during the fourth quarter. Capital World Investors now owns 104,060,268 shares of the chip maker’s stock worth $3,839,833,000 after purchasing an additional 17,557,147 shares during the last quarter. Morgan Stanley boosted its stake in Intel by 20.4% in the 4th 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 during the last quarter. Finally, AQR Capital Management LLC grew its holdings in Intel by 61.3% in the third quarter. AQR Capital Management LLC now owns 25,001,621 shares of the chip maker’s stock valued at $838,804,000 after purchasing an additional 9,503,402 shares during the period. Institutional investors and hedge funds own 64.53% of the company’s stock.

Trending Headlines about Intel

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Reports that South Korean memory-chip maker SK Hynix was considering Intel Foundry to manufacture base dies for next-generation HBM4E memory initially boosted hopes for a major external customer and validated Intel’s manufacturing ambitions. CEO Lip-Bu Tan’s reported purchase of roughly $12 million in Intel shares also signaled management confidence. Intel Stock Notches Up as SK Hynix Considers New Deal
• Positive Sentiment: Intel could benefit from the rapid expansion of AI infrastructure and from large-scale chip-production projects in the United States, including Elon Musk’s reported planned facility near Houston. More domestic manufacturing demand would support the strategic rationale for Intel’s foundry investments, though the project is not confirmed as an Intel contract. Elon Musk Is Spending $119 Billion on a Single Building Outside Houston
• Neutral Sentiment: SK Hynix subsequently denied the reported HBM4E partnership, removing the immediate catalyst and underscoring that Intel’s potential foundry wins remain uncommitted. SK Hynix Denies Report of Intel Foundry Partnership
• Negative Sentiment: Analysts continue to question whether AI-related revenue can arrive quickly enough to offset Intel’s rising capital spending and foundry losses. Outside customers currently contribute little foundry revenue, making utilization and execution key risks for the stock. Intel Stock Is Paying Now for Revenue Due Later
• Negative Sentiment: Competitive concerns remain: coverage argues AMD continues to take share from Intel, while Nvidia’s strong growth in newer data-center products could further pressure Intel’s position in AI hardware. AMD: Still Eating Intel’s Lunch

Intel Stock Up 0.0%

Shares of Intel stock opened at $89.51 on Tuesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.60 and a quick ratio of 1.25. Intel Corporation has a 1-year low of $23.68 and a 1-year high of $142.35. The business’s fifty day moving average price is $103.61 and its two-hundred day moving average price is $86.94. The company has a market capitalization of $451.49 billion, a P/E ratio of -42.42, a PEG ratio of 9.89 and a beta of 2.22.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, July 23rd. The chip maker reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.21. The company had revenue of $16.13 billion during 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 company’s revenue for the quarter was up 25.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.10) earnings per share. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. As a group, research analysts forecast that Intel Corporation will post 1 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on INTC. Bank of America cut their price objective on Intel from $160.00 to $145.00 and set a “buy” rating on the stock in a report on Wednesday, August 12th. UBS Group lowered their target price on Intel from $121.00 to $112.00 and set a “neutral” rating for the company in a research note on Wednesday, August 12th. Barclays lifted their price target on shares of Intel from $65.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Monday, June 1st. Wall Street Zen downgraded Intel from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Jefferies Financial Group assumed coverage on shares of Intel in a report on Thursday, June 11th. They issued a “buy” rating for the company. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, thirty-one have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Intel currently has an average rating of “Hold” and a consensus target price of $107.46.

Insider Transactions at Intel

In related 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 price of $95.00 per share, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.05% of the stock is owned by corporate insiders.

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.