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# Intel CEO Lip-Bu Tan Buys $9.7 Million Of Stock After October Plunge
- URL: https://www.bullished.co/intel-ceo-lip-bu-tan-buys-9-7-million-of-stock-after-october-plunge-d55c532d/
- Published: 2026-11-04T17:46:08.000Z
- Updated: 2026-11-04T17:46:08.000Z
- Description: Tan's family trust bought 150,000 shares Monday, his second purchase filing since August 6, after the stock's steep October slide.
- Author: Matteo Parrino
- Tags: Insider Trades, INTC, Industry: Technology

Intel CEO Lip-Bu Tan bought [150,000 shares](https://www.sec.gov/Archives/edgar/data/0001008463/000005086326000195/xslF345X06/form4.xml?ref=bullished.co) of the chipmaker's stock through a family trust on Monday, an SEC filing made Wednesday shows. The purchase, valued at $9.7 million, came days after [Intel](https://www.bullished.co/tag/intc/) shares fell 29% on Friday on a weak fourth-quarter forecast.

## A $64.73 average price

Tan paid an average of $64.73 per share, in multiple trades priced from $64.705 to $64.735, according to the [Form 4](https://www.bullished.co/learn/insider-selling-meaning/), the report insiders file after trading. The 150,000 shares equal 10.12% of the stake he reported after the purchase.

He now reports 1,481,640 shares: 16,471 held directly and 1,465,169 indirectly through a family trust and a 401(k). That stake was worth an estimated $87.7 million at Wednesday's price.

## Second buy since August 6

Earlier filings show Tan bought 105,263 shares at about $95.00 on August 11, for $10.0 million. Counting this filing, he has made two purchase filings since August 6, totaling 255,263 shares and $19.7 million.

The August price sits well above Monday's $64.73 average.

## The forecast behind the drop

Intel shares fell 29% on Friday after the company [forecast fourth-quarter revenue](https://www.cnbc.com/2026/11/02/intel-foundry-faces-critical-test-after-stocks-45percent-plunge-in-october.html?ref=bullished.co) of $15 billion to $16 billion, $1 billion to $2 billion below analyst estimates. PC sales have suffered from soaring memory and component costs.

Data center revenue grew 78% in the quarter, leaving the company leaning on servers while its PC business weakens. The stock is still up 64.1% so far this year, even after the October slide.

Intel's fourth-quarter results will show whether data center growth can offset a PC slump management has warned will last into next year.

Learn

- [Code P: an open-market or private purchase →](https://www.bullished.co/learn/form-4-transaction-codes-explained/#code-p-an-open-market-or-private-purchase)  
From Form 4 Transaction Codes Explained: What P, S, M, F, G, J, D And A Mean
- [How To Read A Form 4 SEC Filing, Box By Box →](https://www.bullished.co/learn/how-to-read-form-4-sec-filing/)  
Learn how to read a Form 4 SEC filing: who filed, Table I and II, transaction codes, price, shares owned after, footnotes, and real examples of each case.

### Sources

- [Form 4 — Lip-Bu Tan (INTC)](https://www.sec.gov/Archives/edgar/data/0001008463/000005086326000195/xslF345X06/form4.xml?ref=bullished.co) — SEC EDGAR
- [Nancy Pelosi’s Family Bought Intel in July, Right Before Its Worst Day Since 1974](https://finance.yahoo.com/markets/stocks/articles/nancy-pelosi-family-bought-intel-125107256.html?ref=bullished.co) — Yahoo Finance
- [Intel stock's record October plunge tests its foundry ambitions](https://qz.com/intel-stock-record-october-plunge-foundry-test-110226?ref=bullished.co) — qz.com
- [Intel foundry faces critical test after stock's 45% plunge in October](https://www.cnbc.com/2026/11/02/intel-foundry-faces-critical-test-after-stocks-45percent-plunge-in-october.html?ref=bullished.co) — CNBC
- [INTC Q3 Earnings Call Highlights AI Demand and PC Weakness](https://finance.yahoo.com/technology/ai/articles/intc-q3-earnings-call-highlights-140000192.html?.tsrc=rss&ref=bullished.co) — Yahoo Finance
- [INTC Q3 deep dive: strong data center growth offsets PC challenges, outlook pressured by supply constraints](https://finance.yahoo.com/markets/stocks/articles/intc-q3-deep-dive-strong-175529416.html?ref=bullished.co) — Yahoo Finance

### More on Intel

- [Intel Stock Plunges 29%, Erasing $140 Billion, After Weak Fourth-Quarter Forecast](https://www.bullished.co/intel-stock-plunges-29-erasing-140-billion-after-weak-fourth-quarter-forecast-b22de4c2/)
- [Intel Can't Yet Price Its Israel Fab Shutdown, And War Losses There Are Self-Insured](https://www.bullished.co/intel-cant-yet-price-its-israel-fab-shutdown-and-war-losses-there-are-self-insured-bd4fad33/)
- [Intel CFO Says Free Cash Flow Probably Stays Negative In 2027 — Calls Year A 'Knothole'](https://www.bullished.co/intel-cfo-says-free-cash-flow-probably-stays-negative-in-2027-calls-year-a-knothole-ad25abf5/)

[All Intel (INTC) coverage →](https://www.bullished.co/tag/intc/)