K.J. Harrison & Partners Inc Sells 127,000 Shares of Intel Corporation $INTC

K.J. Harrison & Partners Inc cut its holdings in shares of Intel Corporation (NASDAQ:INTC) by 55.9% in the second quarter, HoldingsChannel reports. The firm owned 100,170 shares of the chip maker’s stock after selling 127,000 shares during the period. Intel accounts for about 2.0% of K.J. Harrison & Partners Inc’s holdings, making the stock its 10th biggest holding. K.J. Harrison & Partners Inc’s holdings in Intel were worth $13,987,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Glynn Capital Management LLC purchased a new position in shares of Intel during the 2nd quarter valued at about $29,000. Beaird Harris Wealth Management LLC grew its holdings in Intel by 3,185.7% during the second quarter. Beaird Harris Wealth Management LLC now owns 230 shares of the chip maker’s stock worth $32,000 after acquiring an additional 223 shares during the period. Carolina Wealth Advisors LLC grew its holdings in Intel by 167.0% during the second quarter. Carolina Wealth Advisors LLC now owns 267 shares of the chip maker’s stock worth $37,000 after acquiring an additional 167 shares during the period. Ramsey Quantitative Systems purchased a new position in Intel during the second quarter valued at approximately $50,000. Finally, Allied Private Wealth LLC acquired a new position in Intel in the second quarter valued at approximately $68,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel News Roundup

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Strong Nvidia results lifted the sector. Nvidia’s blowout quarter and projection for roughly 70% revenue growth in fiscal 2028 reinforced that AI demand remains far above available supply. Investors bid up related semiconductor names, including Intel, as CPUs and other infrastructure components are expected to benefit from expanded AI deployments. Why Is Intel Stock Surging on Thursday?
• Positive Sentiment: Potential U.S. chip tariffs increased Intel’s strategic appeal. Reports of broad tariffs on imported chips encouraged speculation that Intel, as a U.S.-based manufacturer and foundry candidate, could receive additional policy support or gain a competitive advantage. Why Is Intel Stock Surging on Thursday?
• Positive Sentiment: An Advantech connection highlighted Intel’s AI infrastructure ambitions. The relationship points to potential progress placing Intel chips and platforms into AI infrastructure and edge-computing applications, though financial details were not provided. Intel Stock Gains with New Advantech Connection
• Positive Sentiment: Congressional buying added bullish publicity. Nancy Pelosi reportedly purchased Intel shares and call options, potentially attracting momentum-oriented investors, although the transaction does not change Intel’s fundamentals. Nancy Pelosi Buys Intel
• Neutral Sentiment: Intel’s first-half operating cash flow rose sharply to $8.1 billion, but heavy capital spending continues to pressure free cash flow. Intel Sees Strong Cash Flow Growth
• Negative Sentiment: Analyst warnings about intense competition and uncertainty surrounding Intel’s turnaround remain a risk. The company’s previously reported roughly $20 billion equity offering also creates dilution concerns and helps explain the stock’s wide valuation swings. Simon Leopold Offers Warning

Insider Activity at Intel

In other news, CEO Lip Bu Tan bought 105,263 shares of Intel stock in a transaction on Tuesday, August 11th. The stock was acquired at an average price of $95.00 per share, with a total value of $9,999,985.00. Following the completion of the acquisition, the chief executive officer directly owned 1,314,669 shares of the company’s stock, valued at $124,893,555. The trade was a 8.70% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.05% of the stock is owned by insiders.

Intel Stock Performance

NASDAQ:INTC opened at $92.09 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.25 and a current ratio of 1.60. The stock has a market capitalization of $464.50 billion, a PE ratio of -43.64 and a beta of 2.22. Intel Corporation has a fifty-two week low of $23.68 and a fifty-two week high of $142.35. The company has a fifty day moving average of $105.53 and a two-hundred day moving average of $86.37.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, July 23rd. The chip maker reported $0.42 EPS for the quarter, topping 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 business had revenue of $16.13 billion during the quarter, compared to analysts’ expectations of $14.43 billion. During the same quarter in the previous year, the company earned ($0.10) earnings per share. The company’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, research analysts forecast that Intel Corporation will post 1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

INTC has been the topic of several recent research reports. HSBC restated a “buy” rating on shares of Intel in a research report on Friday, July 24th. Wells Fargo & Company increased their price target on shares of Intel from $110.00 to $120.00 and gave the stock an “equal weight” rating in a report on Friday, July 24th. Jefferies Financial Group initiated coverage on shares of Intel in a research report on Thursday, June 11th. They set a “buy” rating on the stock. Cantor Fitzgerald cut their price objective on shares of Intel from $150.00 to $125.00 and set a “neutral” rating for the company in a report on Friday, July 24th. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $110.00 target price on shares of Intel in a research note on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, thirty-one have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $107.46.

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.