Westpac Banking Corp Purchases Shares of 70,460 Intel Corporation $INTC

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

Several other institutional investors have also modified their holdings of the company. Sivia Capital Partners LLC raised its position in Intel by 271.7% in the second quarter. Sivia Capital Partners LLC now owns 34,201 shares of the chip maker’s stock worth $766,000 after acquiring an additional 25,001 shares in the last quarter. United Bank bought a new position in shares of Intel during the 2nd quarter valued at about $205,000. Gamco Investors INC. ET AL grew its stake in shares of Intel by 12.3% in the 2nd quarter. Gamco Investors INC. ET AL now owns 13,737 shares of the chip maker’s stock worth $308,000 after purchasing an additional 1,508 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of Intel by 29.6% in the 2nd quarter. NewEdge Advisors LLC now owns 158,277 shares of the chip maker’s stock worth $3,545,000 after purchasing an additional 36,116 shares during the last quarter. Finally, Sei Investments Co. raised its holdings in shares of Intel by 9.9% in the 2nd quarter. Sei Investments Co. now owns 828,352 shares of the chip maker’s stock worth $18,556,000 after purchasing an additional 74,838 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Trading Up 0.0%

Intel stock opened at $89.51 on Tuesday. The company has a 50 day moving average price of $103.61 and a 200 day moving average price of $86.94. Intel Corporation has a 52 week low of $23.68 and a 52 week high of $142.35. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.25 and a current ratio of 1.60. The firm has a market capitalization of $451.49 billion, a price-to-earnings ratio of -42.42, a P/E/G ratio of 9.89 and a beta of 2.22.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, July 23rd. The chip maker reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.21. The company had revenue of $16.13 billion for the quarter, compared to the consensus estimate of $14.43 billion. Intel had a negative net margin of 19.79% and a positive return on equity of 2.62%. The company’s revenue was up 25.2% on a year-over-year basis. During the same period in the previous year, the business earned ($0.10) EPS. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. Research analysts forecast that Intel Corporation will post 1 EPS for the current year.

Insider Buying and Selling at Intel

In other Intel news, CEO Lip Bu Tan purchased 105,263 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The shares were purchased at an average cost of $95.00 per share, with a total value of $9,999,985.00. Following the completion of the transaction, the chief executive officer owned 1,314,669 shares of the company’s stock, valued at approximately $124,893,555. This represents a 8.70% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.05% of the company’s stock.

Intel News Summary

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

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Arete Research raised their target price on shares of Intel from $20.40 to $99.00 and gave the stock a “neutral” rating in a report on Wednesday, June 10th. Wells Fargo & Company increased their price objective on Intel from $110.00 to $120.00 and gave the company an “equal weight” rating in a research report on Friday, July 24th. Wedbush raised their price objective on Intel from $60.00 to $98.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. JPMorgan Chase & Co. lifted their target price on Intel from $45.00 to $85.00 and gave the stock an “underweight” rating in a report on Friday, July 24th. Finally, HSBC reaffirmed a “buy” rating on shares of Intel in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, thirty-one have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $107.46.

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.