CI Investments Inc. Sells 122,681 Shares of Intel Corporation $INTC

CI Investments Inc. lessened its stake in Intel Corporation (NASDAQ:INTC) by 18.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 525,717 shares of the chip maker’s stock after selling 122,681 shares during the period. CI Investments Inc.’s holdings in Intel were worth $23,200,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in INTC. Vanguard Group Inc. raised its holdings in Intel by 3.5% during the 4th 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 during the last quarter. State Street Corp boosted its stake in shares of Intel by 2.8% in the 4th quarter. State Street Corp now owns 208,536,784 shares of the chip maker’s stock valued at $7,695,007,000 after purchasing an additional 5,714,400 shares during the last quarter. Capital World Investors increased its position in shares of Intel by 20.3% during the fourth quarter. Capital World Investors now owns 104,060,268 shares of the chip maker’s stock worth $3,839,833,000 after buying an additional 17,557,147 shares during the period. Geode Capital Management LLC increased its position in shares of Intel by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 101,931,512 shares of the chip maker’s stock worth $3,744,406,000 after buying an additional 3,124,798 shares during the period. Finally, Morgan Stanley raised its stake in Intel by 20.4% during the fourth quarter. Morgan Stanley now owns 65,249,269 shares of the chip maker’s stock worth $2,407,698,000 after buying an additional 11,056,090 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors.

Insider Activity at Intel

In related news, EVP Boise April Miller sold 40,256 shares of Intel stock in a transaction on Friday, May 1st. The stock was sold at an average price of $99.53, for a total transaction of $4,006,679.68. Following the sale, the executive vice president directly owned 105,077 shares in the company, valued at approximately $10,458,313.81. This trade represents a 27.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.05% of the company’s stock.

Intel Stock Performance

Shares of INTC stock opened at $102.62 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.31 and a quick ratio of 1.85. The firm has a 50-day moving average of $116.48 and a 200-day moving average of $77.54. Intel Corporation has a one year low of $18.97 and a one year high of $142.35. The company has a market cap of $515.77 billion, a P/E ratio of -165.51 and a beta of 2.18.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, April 23rd. The chip maker reported $0.29 EPS for the quarter, beating the consensus estimate of $0.01 by $0.28. Intel had a negative net margin of 5.90% and a positive return on equity of 0.39%. The firm had revenue of $13.58 billion during the quarter, compared to analyst estimates of $12.32 billion. During the same quarter last year, the business posted $0.13 EPS. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. Equities research analysts forecast that Intel Corporation will post 0.65 EPS for the current fiscal year.

Trending Headlines about Intel

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel’s foundry business landed its first named outside customer under CEO Lip-Bu Tan, with Fortinet signing on to use Intel Foundry for its Security Processor 6 on Intel 4. The announcement also reinforced the idea that Intel is gaining traction in contract manufacturing. Intel’s foundry lands first named customer under CEO Lip-Bu Tan, as Fortinet signs on for security chips
• Positive Sentiment: Analyst and market commentary turned more constructive ahead of earnings, with reports citing stronger server demand, pricing gains, and a likely Q2 revenue beat. Several funds were also said to be buying Intel stock ahead of the results. Wedbush delivers bold verdict on Intel stock ahead of earnings
• Positive Sentiment: Intel also benefited from a broader chip rebound and optimism around AI demand, with several stories suggesting its turnaround, foundry efforts, and AI infrastructure exposure could support upside if Thursday’s report confirms momentum. Intel results test if AI-fueled rally has room to run
• Neutral Sentiment: There were also reports that Intel is seeking a partner for its Ohio chip fab, rather than selling it outright, and SK hynix quickly denied acquisition talks. That kept the rumor mill active but did not create a clear new strategic catalyst. Intel mulls partnership for Ohio chip fab, SK Hynix among candidates – report
• Negative Sentiment: Pressure remains from a sluggish PC market, high expectations after a huge year-to-date run, and reports of fresh data-center layoffs as CEO Lip-Bu Tan continues restructuring. Investors appear concerned that earnings may need to be very strong to justify the recent rally. Intel plans layoffs within its data center group

Analysts Set New Price Targets

A number of analysts have commented on INTC shares. Rosenblatt Securities upped their price target on shares of Intel from $30.00 to $50.00 and gave the company a “sell” rating in a research report on Friday, April 24th. Cantor Fitzgerald increased their target price on shares of Intel from $90.00 to $150.00 and gave the stock a “neutral” rating in a research note on Monday, June 29th. Northland Securities lowered Intel from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 26th. Roth Capital upgraded Intel from a “neutral” rating to a “buy” rating and set a $100.00 price objective for the company in a report on Friday, April 24th. Finally, Robert W. Baird upped their target price on Intel from $50.00 to $75.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twenty-nine have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $102.77.

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.