Assenagon Asset Management S.A. Acquires 14,063,302 Shares of Intel Corporation $INTC

Key Points

• Assenagon Asset Management increased its Intel stake by 87.1%, acquiring 14.1 million additional shares to hold 30.2 million shares worth approximately $3.63 billion. Institutional investors and hedge funds collectively own 64.53% of Intel.
• Intel reported strong quarterly results, with revenue up 25.2% year over year to $16.13 billion and EPS of $0.42 versus a $0.21 consensus estimate. The company is also advancing its AI strategy through customer testing of its Crescent Island inference GPU.
• Despite institutional buying and growth prospects, Intel faces foundry execution concerns, competitive pressure from TSMC and broader semiconductor-sector volatility. Analysts maintain a consensus “Hold” rating with an average price target of $109.06.

Assenagon Asset Management S.A. boosted its holdings in Intel Corporation (NASDAQ:INTC - Free Report) by 87.1% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,214,769 shares of the chip maker's stock after acquiring an additional 14,063,302 shares during the period. Intel comprises about 2.7% of Assenagon Asset Management S.A.'s investment portfolio, making the stock its 6th biggest holding. Assenagon Asset Management S.A. owned about 0.60% of Intel worth $3,632,722,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Ninety One UK Ltd grew its position in Intel by 1.4% in the 3rd quarter. Ninety One UK Ltd now owns 383,051 shares of the chip maker's stock worth $46,054,000 after purchasing an additional 5,241 shares during the last quarter. Summit Financial Wealth Advisors LLC raised its holdings in shares of Intel by 7.5% during the third quarter. Summit Financial Wealth Advisors LLC now owns 3,570 shares of the chip maker's stock valued at $429,000 after buying an additional 248 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in shares of Intel by 1.3% during the third quarter. State of Alaska Department of Revenue now owns 592,941 shares of the chip maker's stock valued at $71,289,000 after buying an additional 7,777 shares during the last quarter. Charles Schwab Trust Co raised its holdings in shares of Intel by 7.8% during the third quarter. Charles Schwab Trust Co now owns 9,418 shares of the chip maker's stock valued at $1,132,000 after buying an additional 680 shares during the last quarter. Finally, Turtle Creek Wealth Advisors LLC boosted its position in shares of Intel by 0.5% during the third quarter. Turtle Creek Wealth Advisors LLC now owns 47,793 shares of the chip maker's stock worth $5,746,000 after buying an additional 251 shares during the period. 64.53% of the stock is currently owned by institutional investors and hedge funds.

More Intel News

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel’s Crescent Island inference GPU has reportedly reached customer testing, supporting the company’s effort to expand beyond CPUs and compete in lower-cost AI inference. Intel’s 350-Watt Inference GPU Reaches Customer Testing
• Positive Sentiment: Recent results showed approximately 25% year-over-year quarterly revenue growth, while strong AI-chip demand forecasts from ASML and analyst support for Intel ahead of its next earnings report provide a potential longer-term tailwind. AI Demand to Exceed Supply
• Neutral Sentiment: A technical trading signal reportedly triggered a rebound during the session, but this reflects short-term trading activity rather than a change in Intel’s fundamentals. Intel Shares Rise After Key Trading Signal
• Negative Sentiment: An explosion and fire at Intel’s Kiryat Gat manufacturing facility in Israel, with serious injuries and reported fatalities, raised concerns about operational disruption, employee safety and potential production impacts. Intel Slides After Plant Blast in Israel
• Negative Sentiment: TSMC’s comments that it could support customers if Intel’s advanced-packaging ramp falls short highlighted execution risk and intensified competitive pressure on Intel’s foundry strategy. TSMC Comments on Intel’s Advanced Packaging Ramp
• Negative Sentiment: The wider chip sector faced selling pressure amid reported progress by Chinese memory maker CXMT, concerns about slowing or difficult-to-finance AI infrastructure spending, higher interest rates and renewed inflation worries. These factors are particularly significant for Intel after its substantial 2026 rally. What Is Driving Attention on Intel Stock

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Zacks Research lowered Intel from a "strong-buy" rating to a "hold" rating in a report on Friday, July 31st. Piper Sandler began coverage on Intel in a research report on Wednesday, September 9th. They issued a "neutral" rating and a $110.00 target price on the stock. Sanford C. Bernstein reaffirmed a "neutral" rating on shares of Intel in a research note on Monday, September 21st. Bank of America reduced their price target on Intel from $160.00 to $145.00 and set a "buy" rating for the company in a research report on Wednesday, August 12th. Finally, Tigress Financial boosted their price target on Intel from $118.00 to $145.00 and gave the stock a "buy" rating in a research report on Tuesday, September 15th. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, twenty-seven have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $109.06.

Intel Stock Down 2.8%

INTC stock opened at $95.37 on Friday. The firm's 50-day moving average is $103.29 and its two-hundred day moving average is $101.39. The company has a market capitalization of $481.05 billion, a price-to-earnings ratio of 158.26, a price-to-earnings-growth ratio of 10.47 and a beta of 2.22. Intel Corporation has a 52 week low of $32.89 and a 52 week high of $142.35. The company has a current ratio of 1.60, a quick ratio of 1.25 and a debt-to-equity ratio of 0.47.

Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The chip maker reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.21. The business had revenue of $16.13 billion during the quarter, compared to analysts' expectations 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 revenue was up 25.2% on a year-over-year basis. During the same period last year, the firm posted ($0.10) earnings per share. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. On average, analysts forecast that Intel Corporation will post 1.04 earnings per share for the current fiscal year.

Insider Transactions at Intel

In other Intel news, CEO Lip Bu Tan bought 105,263 shares of the company's stock in a transaction that occurred on Tuesday, August 11th. The shares were acquired at an average cost of $95.00 per share, for a total transaction of $9,999,985.00. Following the acquisition, the chief executive officer directly owned 1,314,669 shares of the company's stock, valued at $124,893,555. This trade represents a 8.70% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. 0.05% of the stock is currently owned by insiders.

About Intel

Intel Corporation NASDAQ: INTC is a global semiconductor company that designs and manufactures computing and connectivity products. Its portfolio includes central processing units (CPUs), graphics and accelerator products, chipsets, networking components, and other semiconductor solutions used in personal computers, servers, cloud infrastructure, artificial intelligence systems, and embedded applications.

The company serves a broad range of customers, including original equipment manufacturers, cloud service providers, enterprise businesses, telecommunications companies, government organizations, and other technology firms.

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