Canada Pension Plan Investment Board Has $103 Million Stock Position in Intel Corporation $INTC

Key Points

• The Canada Pension Plan Investment Board increased its stake in Intel Corporation by 0.9%, holding a total of 4,535,504 shares valued at approximately $103 million.
• Intel reported a loss of ($0.10) EPS in the most recent quarter, missing expectations, despite revenue of $12.86 billion, which exceeded analyst estimates.
• Approximately 64.53% of Intel's stock is held by institutional investors and hedge funds, with mixed analyst ratings from "Buy" to "Sell" affecting investor sentiment.

Canada Pension Plan Investment Board lifted its holdings in Intel Corporation (NASDAQ:INTC - Free Report) by 0.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,535,504 shares of the chip maker's stock after buying an additional 42,198 shares during the quarter. Canada Pension Plan Investment Board owned about 0.10% of Intel worth $103,001,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Nuveen LLC bought a new position in shares of Intel in the first quarter worth about $538,430,000. Price T Rowe Associates Inc. MD raised its position in Intel by 99.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,829,385 shares of the chip maker's stock worth $677,426,000 after purchasing an additional 14,901,457 shares during the last quarter. Two Sigma Advisers LP acquired a new position in Intel during the 4th quarter worth $289,752,000. Two Sigma Investments LP acquired a new position in Intel during the 4th quarter worth $237,457,000. Finally, Goldman Sachs Group Inc. boosted its position in Intel by 133.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 18,758,658 shares of the chip maker's stock valued at $426,009,000 after buying an additional 10,719,274 shares during the last quarter. Institutional investors own 64.53% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on INTC. Stifel Nicolaus upped their price target on Intel from $21.00 to $24.50 and gave the company a "hold" rating in a research note on Monday, July 21st. Mizuho upped their target price on shares of Intel from $22.00 to $23.00 and gave the company a "neutral" rating in a research report on Thursday, July 3rd. Citigroup reaffirmed a "hold" rating on shares of Intel in a research note on Tuesday, July 8th. JPMorgan Chase & Co. lifted their price target on shares of Intel from $20.00 to $21.00 and gave the stock an "underweight" rating in a research report on Friday, July 25th. Finally, Sanford C. Bernstein restated a "market perform" rating on shares of Intel in a report on Tuesday, August 19th. One analyst has rated the stock with a Buy rating, twenty-two have issued a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Reduce" and an average target price of $22.17.

Intel Trading Down 1.0%

NASDAQ:INTC traded down $0.26 during trading hours on Tuesday, hitting $24.10. The stock had a trading volume of 41,569,963 shares, compared to its average volume of 98,708,898. The business's 50 day moving average is $22.56 and its 200-day moving average is $21.85. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.92 and a current ratio of 1.24. The company has a market cap of $105.46 billion, a price-to-earnings ratio of -5.05 and a beta of 1.23. Intel Corporation has a one year low of $17.67 and a one year high of $27.55.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The chip maker reported ($0.10) earnings per share for the quarter, missing analysts' consensus estimates of $0.01 by ($0.11). Intel had a negative return on equity of 3.78% and a negative net margin of 38.64%.The firm had revenue of $12.86 billion for the quarter, compared to the consensus estimate of $11.88 billion. During the same period in the prior year, the business earned $0.02 earnings per share. The company's revenue for the quarter was up .5% compared to the same quarter last year. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. Sell-side analysts anticipate that Intel Corporation will post -0.11 EPS for the current fiscal year.

Intel Profile

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.