Carrhae Capital 13F: New $24M Stake in Intel (INTC)

Carrhae Capital added a new stake in Intel Corporation (NasdaqGS: INTC) during the third quarter, acquiring 197,123 shares valued at about $23.7 million. The investment was revealed in a Form 13F filing with the Securities and Exchange Commission on October 20, 2026.

INTC Intel Corporation

$92.33 ▲ +134.46% year to date

1M 3M YTD

Daily close · Oct 20, 2026

What Changed in Carrhae Capital's Intel Position

The fund opened a brand-new position in the semiconductor maker, starting the period with zero shares and closing it with 197,123 shares. Based on the filing date close, the newly established holding carried a total reported value of $23,700,098.

Other Institutional Activity in Intel

Other major institutional investors adjusted their holdings in the chipmaker around the same period. Sumitomo Mitsui DS Asset Management grew its holdings by 49,608 shares, ending with 807,367 shares worth about $97.1 million. Primecap Management Company trimmed its position by 507,582 shares to finish with 75,250,958 shares valued at about $6.9 billion. Meanwhile, Nvidia Corp held steady with 214,776,632 shares worth roughly $19.7 billion, and Softbank Group Corporation maintained its stake of 86,956,522 shares valued at about $8.0 billion.

Intel Corporation Stock Up 2.0%

Intel shares recently traded around $91.61 as of October 21, 2026, down about 0.1% from the close of $91.69 on the filing date. The stock sits about 11.0% below its 50-day moving average of $102.98, though it holds roughly 8.0% above its 200-day moving average of $84.83. The equity remains 35.6% below its 52-week high of $142.35 while trading well above its 52-week low of $32.89.

Recent Earnings

Intel reported trailing twelve-month revenue of $57.0 billion alongside basic earnings per share of negative $2.12. The company posted a net profit margin of negative 19.8% and a return on equity of negative 10.7%, with the next earnings report scheduled for October 29, 2026.

Insider Buying and Selling at Intel Corporation

Company insiders executed several transactions prior to the filing. Officer Boise April Miller sold 20,000 shares in February and later sold 40,256 shares in May. Chief Technology Officer Nagasubramaniyan Chandrasekaran sold 21,024 shares on May 29, 2026. Chief Executive Officer Lip-Bu Tan bought 105,263 shares on August 11, 2026, for a total value of about $10.0 million.

Analysts Set New Price Targets

Wall street research firms updated their outlooks on the stock ahead of the filing. Tigress Financial maintained a buy rating on September 15, 2026, raising its price target to $145.00, while TD Cowen, Mizuho, and JP Morgan offered neutral or hold stances with targets ranging from $85.00 to $115.00. Overall, the stock carries a consensus buy recommendation and a mean price target of $117.37.

About Intel Corporation

Intel Corporation designs and manufactures microprocessors and related tech products for computing and communications industries worldwide. Headquartered in Santa Clara, California, the company operates through client computing, data center, and foundry segments, supporting the broader hardware ecosystem.

Bottom Line

Investors will look toward Intel's upcoming earnings report on October 29, 2026, for further clues on profitability and turnaround efforts in its foundry business. Future filings will show whether Carrhae Capital continues to build on its new holding.