Intel Corporation $INTC Shares Sold by Channing Capital Management LLC

Key Points

• Channing Capital Management cut its Intel stake by 58.4% in the second quarter, selling 180,555 shares and retaining 128,751 shares valued at approximately $18.0 million.
• Intel reported strong second-quarter results, with revenue up 25.2% year over year to $16.13 billion and EPS of $0.42, exceeding analyst expectations. CEO Lip-Bu Tan also purchased roughly $10 million of Intel shares, signaling confidence in the company’s recovery strategy.
• Despite positive operating momentum and several bullish analyst updates, Intel faces shareholder dilution from its approximately $20 billion stock offering. Analysts maintain a consensus “Hold” rating with an average price target of $107.85, while institutional investors own 64.53% of the stock.

Channing Capital Management LLC trimmed its stake in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 58.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 128,751 shares of the chip maker's stock after selling 180,555 shares during the quarter. Channing Capital Management LLC's holdings in Intel were worth $17,978,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Intel in the 4th quarter valued at about $2,233,159,000. Capital Research Global Investors lifted its position in shares of Intel by 285.9% during the fourth quarter. Capital Research Global Investors now owns 26,619,928 shares of the chip maker's stock worth $982,279,000 after purchasing an additional 19,722,010 shares during the last quarter. Capital World Investors grew its stake in Intel by 20.3% in the fourth quarter. Capital World Investors now owns 104,060,268 shares of the chip maker's stock worth $3,839,833,000 after purchasing an additional 17,557,147 shares in the last quarter. Vanguard Group Inc. grew its stake in Intel by 3.5% in the fourth quarter. Vanguard Group Inc. now owns 404,522,308 shares of the chip maker's stock worth $14,926,873,000 after purchasing an additional 13,692,624 shares in the last quarter. Finally, Morgan Stanley grew its stake in Intel by 20.4% in the fourth quarter. Morgan Stanley now owns 65,249,269 shares of the chip maker's stock worth $2,407,698,000 after purchasing an additional 11,056,090 shares in the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Intel

Here are the key news stories impacting Intel this week:

• Positive Sentiment: CEO Lip-Bu Tan purchased 105,263 Intel shares at $95 each, investing approximately $10 million and increasing his direct stake by 8.7%. The purchase is viewed as a vote of confidence in Intel’s recovery strategy. Intel insider purchase filing
• Positive Sentiment: Analyst and media coverage highlighted Intel’s approximately $20 billion equity raise as potential funding for expanded foundry capacity, production growth and new customer wins. Some analysts believe demand for Intel’s server processors is currently exceeding its manufacturing capacity. Intel foundry capital raise article
• Positive Sentiment: Intel’s second-quarter results showed strong momentum: revenue rose roughly 25% year over year to $16.1 billion, with Data Center and AI revenue reportedly increasing 59%. The results exceeded analyst expectations and reinforced the AI-related CPU growth narrative. Intel revenue growth article
• Neutral Sentiment: Intel is considering a return to the memory-chip market, supported by the capital raise and the appointment of former SK Hynix CEO Seok-Hee Lee to Intel Foundry. The opportunity could expand Intel’s addressable market, but the plan remains exploratory and would require substantial investment. Intel memory market article
• Negative Sentiment: The $20 billion common-stock offering creates significant dilution for existing shareholders and has encouraged profit-taking after Intel’s substantial rally. Investors are also focused on whether management can convert the new capital into profitable foundry growth and sustained free cash flow. Intel stock offering discussion

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on INTC. KeyCorp set a $125.00 price objective on Intel in a research note on Friday, July 24th. Needham & Company LLC reaffirmed a "hold" rating on shares of Intel in a report on Friday, July 24th. BTIG Research upgraded Intel from a "neutral" rating to a "buy" rating in a research report on Thursday, June 11th. Seaport Research Partners reissued a "buy" rating and set a $125.00 price target on shares of Intel in a research report on Friday, July 24th. Finally, Piper Sandler began coverage on shares of Intel in a research note on Thursday, June 11th. They set a "neutral" rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, thirty-two have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $107.85.

Intel Price Performance

NASDAQ:INTC opened at $102.50 on Monday. The company has a current ratio of 1.60, a quick ratio of 1.25 and a debt-to-equity ratio of 0.47. The stock has a 50 day moving average of $110.26 and a 200-day moving average of $83.57. The firm has a market capitalization of $517.01 billion, a PE ratio of -48.58 and a beta of 2.22. Intel Corporation has a 52 week low of $22.77 and a 52 week high of $142.35.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The chip maker reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.21. Intel had a positive return on equity of 2.62% and a negative net margin of 19.79%.The business had revenue of $16.13 billion for the quarter, compared to the consensus estimate of $14.43 billion. During the same quarter last year, the business posted ($0.10) EPS. The business's revenue was up 25.2% on a year-over-year basis. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. Analysts predict that Intel Corporation will post 1.01 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Lip Bu Tan bought 105,263 shares of the business's stock in a transaction on Tuesday, August 11th. The shares were bought at an average cost of $95.00 per share, for a total transaction of $9,999,985.00. Following the completion of the purchase, the chief executive officer owned 1,314,669 shares of the company's stock, valued at $124,893,555. This represents a 8.70% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.05% of the stock is owned by corporate insiders.

Intel Company 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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