Jennison Associates LLC Takes Position in Intel Corporation $INTC

Jennison Associates LLC acquired a new position in shares of Intel Corporation (NASDAQ:INTC) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 772,639 shares of the chip maker’s stock, valued at approximately $107,884,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of INTC. Norges Bank acquired a new stake in Intel in the fourth quarter valued at $2,233,159,000. Capital Research Global Investors increased its holdings in shares of Intel by 285.9% in the 4th quarter. Capital Research Global Investors now owns 26,619,928 shares of the chip maker’s stock valued at $982,279,000 after acquiring an additional 19,722,010 shares during the last quarter. Capital World Investors increased its holdings in shares of Intel by 20.3% in 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 acquiring an additional 17,557,147 shares during the last quarter. 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 acquiring an additional 13,692,624 shares in the last quarter. Finally, Morgan Stanley raised its position in shares of Intel by 20.4% during the 4th quarter. Morgan Stanley now owns 65,249,269 shares of the chip maker’s stock worth $2,407,698,000 after acquiring an additional 11,056,090 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Insider Buying and Selling

In other Intel news, CEO Lip Bu Tan purchased 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 purchase, the chief executive officer directly owned 1,314,669 shares in the company, valued at approximately $124,893,555. This trade represents a 8.70% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.05% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

INTC has been the subject of a number of research analyst reports. Barclays upped their price target on Intel from $65.00 to $100.00 and gave the company an “equal weight” rating in a report on Monday, June 1st. Wells Fargo & Company raised their price objective on shares of Intel from $110.00 to $120.00 and gave the stock an “equal weight” rating in a report on Friday, July 24th. Benchmark upped their target price on shares of Intel from $105.00 to $140.00 and gave the company a “buy” rating in a report on Monday, May 18th. Oppenheimer began coverage on shares of Intel in a research report on Thursday, June 11th. They issued an “outperform” rating on the stock. Finally, Weiss Ratings lowered shares of Intel from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, thirty-one have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $107.46.

More Intel News

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel is embarking on a roughly $15 billion stock offering aimed at expanding its ability to capitalize on demand for AI infrastructure. While the financing could support growth in processors, data centers and foundry operations, investors will also assess the potential dilution. Intel embarks on $15 billion stock offering to capitalize on AI demand
• Positive Sentiment: Tiger Global increased its Intel position during the second quarter, providing an additional institutional vote of confidence in the company’s AI, data-center and foundry prospects. Tiger Global Added to Its Position in Intel in Q2
• Positive Sentiment: CEO Lip-Bu Tan reportedly purchased another 105,000-plus Intel shares, following his roughly $10 million open-market investment earlier in August. The buying signals management confidence after second-quarter revenue grew 25% year over year. CEO Lip-Bu Tan Just Bought Another 105,000 Shares of Intel Stock
• Positive Sentiment: Demand for server CPUs is reportedly strengthening as agentic AI workloads expand, potentially creating a new growth opportunity for Intel while its turnaround progresses. Intel is also seeking to challenge TSMC in advanced AI chip packaging. The AI Boom Has a New Chip Shortage. Intel Is Ready
• Neutral Sentiment: Intel’s client-computing business is gaining momentum from AI PCs, edge AI, robotics and physical AI, but investors are looking for evidence that these opportunities can produce sustained growth beyond traditional PC demand. INTC’s Client Computing Business Gains Momentum
• Negative Sentiment: Stanley Druckenmiller’s Duquesne Family Office exited its entire Intel position—about 411,400 shares—during the second quarter and redirected capital toward other AI infrastructure stocks. The sale adds pressure to sentiment despite Intel’s recent operating improvement. Druckenmiller Dumped Micron, Intel, and Broadcom
• Negative Sentiment: Intel is being pressured by a broader semiconductor selloff and concerns that Google’s reported $12.2 billion custom-chip deal with Marvell could intensify competition for AI hardware spending. Broadcom Holds Steady as ARK Buys the Dip, Intel Slips
• Negative Sentiment: The planned equity issuance raises dilution concerns, particularly after Intel’s recent secondary financing. Investors may be questioning whether the substantial capital requirements of Intel’s foundry and AI strategies will translate into profitable returns quickly.

Intel Trading Down 0.7%

INTC opened at $92.13 on Friday. The firm has a market cap of $464.70 billion, a price-to-earnings ratio of -43.66 and a beta of 2.22. Intel Corporation has a 52 week low of $22.77 and a 52 week high of $142.35. The business’s 50 day moving average is $109.12 and its two-hundred day moving average is $84.96. 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 (NASDAQ:INTC) last posted its quarterly earnings data 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. The business had revenue of $16.13 billion during the quarter, compared to the consensus estimate 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 was up 25.2% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.10) earnings per share. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. On average, research analysts predict that Intel Corporation will post 1.01 EPS for the current year.

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.