Kornitzer Capital Management Inc. KS Cuts Stock Position in Intel Corporation $INTC

Key Points

• Kornitzer Capital Management cut its Intel position by 88% in the second quarter, selling 33,540 shares and retaining 4,561 shares valued at approximately $637,000. Institutional investors and hedge funds still own 64.53% of Intel.
• Intel reported stronger-than-expected quarterly results, with EPS of $0.42 versus the $0.21 consensus and revenue of $16.13 billion, up 25.2% year over year. However, the company remains loss-making overall, with a negative net margin of 19.79%.
• Intel shares opened at $96.68, down 6.6%, while CEO Lip-Bu Tan purchased roughly $10 million of stock at $95 per share. Analysts maintain a consensus “Hold” rating, with an average price target of $107.46.

Kornitzer Capital Management Inc. KS reduced its position in Intel Corporation (NASDAQ:INTC - Free Report) by 88.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,561 shares of the chip maker's stock after selling 33,540 shares during the quarter. Kornitzer Capital Management Inc. KS's holdings in Intel were worth $637,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in INTC. Southern Financial Group LLC boosted its holdings in Intel by 0.6% in the first quarter. Southern Financial Group LLC now owns 14,313 shares of the chip maker's stock worth $632,000 after acquiring an additional 90 shares in the last quarter. Harrell Investment Partners LLC raised its position in shares of Intel by 0.4% in the 2nd quarter. Harrell Investment Partners LLC now owns 23,277 shares of the chip maker's stock valued at $3,250,000 after purchasing an additional 100 shares during the last quarter. Wynn Capital LLC boosted its stake in Intel by 0.4% in the 2nd quarter. Wynn Capital LLC now owns 27,162 shares of the chip maker's stock worth $3,793,000 after purchasing an additional 104 shares in the last quarter. Demars Financial Group LLC boosted its stake in Intel by 1.7% in the 1st quarter. Demars Financial Group LLC now owns 7,675 shares of the chip maker's stock worth $339,000 after purchasing an additional 125 shares in the last quarter. Finally, Human Investing LLC grew its position in Intel by 0.9% during the 1st quarter. Human Investing LLC now owns 14,525 shares of the chip maker's stock worth $641,000 after purchasing an additional 126 shares during the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

Intel Stock Down 6.6%

NASDAQ:INTC opened at $96.68 on Wednesday. The firm has a market capitalization of $487.65 billion, a P/E ratio of -45.82 and a beta of 2.22. Intel Corporation has a 1-year low of $22.77 and a 1-year high of $142.35. The company's fifty day moving average price is $109.90 and its 200-day moving average price is $84.33. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.60 and a quick ratio of 1.25.

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

Insider Activity

In related news, CEO Lip Bu Tan bought 105,263 shares of the stock in a transaction dated Tuesday, August 11th. The shares were purchased at an average price of $95.00 per share, for a total transaction of $9,999,985.00. Following the completion of the purchase, the chief executive officer directly owned 1,314,669 shares of the company's stock, valued at $124,893,555. This represents a 8.70% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.05% of the stock is currently owned by company insiders.

Trending Headlines about Intel

Here are the key news stories impacting Intel this week:

• Positive Sentiment: CEO Lip-Bu Tan purchased approximately 105,263 Intel shares for $10 million at $95 each. The purchase signals management confidence in Intel’s turnaround, although it was not enough to offset broader selling pressure. CEO Lip-Bu Tan Just Bought Another 105,000 Shares of Intel Stock
• Positive Sentiment: Recent institutional filings showed substantial accumulation of Intel shares by Invesco, JPMorgan, FMR and Capital International. SoftBank also reported holding about 86.9 million shares, while a separate filing indicated Nvidia held nearly $30 billion of Intel stock. These positions support the long-term turnaround and foundry narrative, but they may reflect holdings as of June 30 rather than current activity. SoftBank Group put 67% of U.S. portfolio into Intel stock
• Neutral Sentiment: Intel announced plans to participate in an upcoming investor conference. The event could provide updates on manufacturing, foundry demand and AI strategy, but the announcement itself contained no new financial guidance. Intel Corporation to Participate in Upcoming Investor Conference
• Negative Sentiment: UBS cut its Intel price target to $112. The revision reinforced valuation concerns after the stock’s sharp yearlong rally, particularly because Intel remains loss-making and its turnaround depends on future foundry and AI execution. Intel Stock Plunges 7% as UBS Cuts Price Target to $112
• Negative Sentiment: Qualcomm’s latest Snapdragon testing highlighted improving performance and power efficiency in an alternative processor platform, raising concerns about Intel’s competitiveness in PCs and other chip markets. Intel Stock Plummets 7% After Snapdragon Testing
• Negative Sentiment: Intel fell alongside AMD and other AI hardware names as rising borrowing costs, inflation and oil prices pressured high-growth technology stocks. Investors also questioned whether the pace of AI infrastructure spending can continue, while a major chip peer’s less-optimistic AI outlook weighed on the entire sector. Why are Intel and AMD stocks tanking up to 7% today?
• Negative Sentiment: Ongoing geopolitical tensions, including the Iran conflict, added to market-wide risk aversion and amplified the selloff in cyclical technology stocks. Why Intel Stock Is Falling Today

Analyst Ratings Changes

INTC has been the subject of a number of research analyst reports. Needham & Company LLC reaffirmed a "hold" rating on shares of Intel in a report on Friday, July 24th. Tigress Financial upped their target price on Intel from $66.00 to $118.00 and gave the company a "buy" rating in a research report on Thursday, April 30th. Oppenheimer initiated coverage on Intel in a research note on Thursday, June 11th. They issued an "outperform" rating for the company. DZ Bank raised Intel from a "sell" rating to a "neutral" rating in a research report on Friday, April 24th. Finally, Melius Research set a $150.00 price target on Intel in a research note on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, thirty-two have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Intel currently has an average rating of "Hold" and an average price target of $107.46.

About Intel

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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