Vanguard Amends Intel Stake: Reports 349.6M Shares Sole Dispositive Power

TL;DR

**Vanguard still holds a massive chunk of Intel, showing long-term confidence.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, disclosing its ownership of Intel Corp (INTC) common stock as of December 29, 2023. Vanguard reported having sole voting power over 0 shares, shared voting power over 26,903,634 shares, sole dispositive power over 349,634,068 shares, and shared dispositive power over 27,994,842 shares. This filing indicates Vanguard's significant, albeit slightly adjusted, passive stake in Intel, which matters to investors as it shows continued institutional confidence in the company's long-term prospects, even with minor shifts in their holdings.

Why It Matters

This filing confirms Vanguard's substantial, passive investment in Intel, signaling continued institutional belief in the company's value, which can reassure current and potential shareholders.

Risk Assessment

Risk Level: low — This is a routine amendment from a passive institutional investor, indicating no immediate significant risk or change in company control.

Analyst Insight

A smart investor would view this as a routine update from a passive institutional holder, confirming Vanguard's continued presence in Intel. It doesn't suggest an immediate buy or sell signal but reinforces that a major player sees long-term value.

Key Numbers

• 349,634,068 — Sole Dispositive Power Shares (The number of Intel shares Vanguard can sell or dispose of independently.)
• 26,903,634 — Shared Voting Power Shares (The number of Intel shares Vanguard can vote in conjunction with others.)
• 27,994,842 — Shared Dispositive Power Shares (The number of Intel shares Vanguard can sell or dispose of in conjunction with others.)
• 0 — Sole Voting Power Shares (The number of Intel shares Vanguard can vote independently.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and major institutional investor
• Intel Corp (company) — subject company whose securities are being reported
• December 29, 2023 (date) — date of event requiring the filing
• February 13, 2024 (date) — filing date of the SC 13G/A amendment
• Pennsylvania (company) — place of organization for The Vanguard Group

Forward-Looking Statements

• Vanguard will maintain a significant, passive stake in Intel Corp throughout 2024. (The Vanguard Group) — high confidence, target: December 31, 2024

FAQ

Filing Documents

• tv01202-intelcorp.htm (SC 13G/A) — 11KB
• 0001104659-24-021208.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: Intel Corp

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: 2200 Mission College Boulevard Santa Clara, CA 95054-1549

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 458140100

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration

View Full Filing

View this SC 13G/A filing on SEC EDGAR