Connor Clark & Lunn Investment Management Ltd. Takes $106.28 Million Position in Intel Corporation $INTC

Key Points

• Connor Clark & Lunn Investment Management bought 761,185 Intel shares worth approximately $106.3 million in the second quarter. Institutional investors collectively own 64.53% of Intel.
• Intel reported quarterly EPS of $0.42, beating the $0.21 consensus, while revenue rose 25.2% year over year to $16.13 billion. Despite the earnings beat, the company posted a negative net margin of 19.79%.
• CEO Lip-Bu Tan purchased about $10 million of Intel stock, but analysts remain cautious: the consensus rating is Hold, with an average price target of $107.46.

Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Intel Corporation (NASDAQ:INTC - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 761,185 shares of the chip maker's stock, valued at approximately $106,284,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Knuff & Co LLC acquired a new position in shares of Intel during the second quarter worth about $29,000. Glynn Capital Management LLC acquired a new stake in shares of Intel in the second quarter valued at about $29,000. Beaird Harris Wealth Management LLC raised its holdings in shares of Intel by 3,185.7% during the 2nd quarter. Beaird Harris Wealth Management LLC now owns 230 shares of the chip maker's stock valued at $32,000 after buying an additional 223 shares during the period. Carolina Wealth Advisors LLC raised its holdings in shares of Intel by 167.0% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 267 shares of the chip maker's stock valued at $37,000 after buying an additional 167 shares during the period. Finally, Burk Holdings LLC acquired a new position in Intel during the 2nd quarter worth approximately $40,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Stock Performance

Shares of INTC opened at $88.97 on Wednesday. The firm has a market cap of $448.76 billion, a price-to-earnings ratio of -42.17, a PEG ratio of 9.88 and a beta of 2.22. The company has a quick ratio of 1.25, a current ratio of 1.60 and a debt-to-equity ratio of 0.47. The business's 50 day moving average is $102.74 and its two-hundred day moving average is $87.23. Intel Corporation has a 52-week low of $23.68 and a 52-week high of $142.35.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The chip maker reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.21 by $0.21. The business had revenue of $16.13 billion during 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 business's quarterly revenue was up 25.2% compared to the same quarter last year. During the same quarter last year, the company earned ($0.10) earnings per share. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. Analysts forecast that Intel Corporation will post 1.01 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on INTC. Moffett Nathanson cut Intel to a "neutral" rating in a report on Thursday, June 11th. Wedbush lifted their price objective on shares of Intel from $60.00 to $98.00 and gave the company a "neutral" rating in a research note on Friday, July 24th. JPMorgan Chase & Co. boosted their target price on shares of Intel from $45.00 to $85.00 and gave the stock an "underweight" rating in a research report on Friday, July 24th. Jefferies Financial Group assumed coverage on shares of Intel in a research note on Thursday, June 11th. They issued a "buy" rating for the company. Finally, Mizuho lowered their price target on shares of Intel from $135.00 to $109.00 and set a "neutral" rating for the company in a report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, thirty-one have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $107.46.

Insiders Place Their Bets

In related news, CEO Lip Bu Tan bought 105,263 shares of the company's stock in a transaction dated Tuesday, August 11th. The stock was bought at an average price of $95.00 per share, with a total value of $9,999,985.00. Following the transaction, the chief executive officer owned 1,314,669 shares of the company's stock, valued at approximately $124,893,555. This trade represents a 8.70% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 0.05% of the stock is currently owned by corporate insiders.

Intel News Roundup

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel CEO Lip-Bu Tan reportedly purchased approximately $10 million of company stock, a transaction investors may view as a sign of management confidence in the foundry recovery and long-term strategy. CEO Lip-Bu Tan Just Gave 12 Million Reasons to Buy Intel Stock
• Positive Sentiment: Commentary continues to highlight potential foundry contracts, advanced packaging and high-bandwidth-memory opportunities. A possible relationship with SK Hynix had fueled optimism that Intel could attract a major external customer, although the report was subsequently denied by SK Hynix. Intel Stock Notches Up as SK Hynix Considers New Deal
• Positive Sentiment: A partnership expansion with Kasm Technologies supports private, on-premises AI inference using Intel Xeon 6 processors, reinforcing Intel’s opportunity in regulated markets where customers want data to remain within corporate networks. Intel’s Privacy-Focused AI and Foundry Momentum

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.

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