Assenagon Asset Management S.A. Has $2.26 Billion Position in Intel Corporation $INTC

Key Points

• Assenagon Asset Management increased its Intel position by 45.5% in the second quarter, owning 16.15 million shares worth approximately $2.26 billion. Institutional investors collectively hold 64.53% of Intel’s outstanding stock.
• Intel’s latest quarterly results exceeded expectations, with adjusted EPS of $0.42 versus the $0.21 consensus and revenue of $16.13 billion, up 25.2% year over year.
• Analyst sentiment remains mixed: Intel has a consensus rating of “Hold” and an average price target of $107.93, while shares recently opened at $99.81 after substantial gains and ongoing concerns about competition, security risks and execution of its foundry strategy.

Assenagon Asset Management S.A. raised its position in Intel Corporation (NASDAQ:INTC - Free Report) by 45.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,151,467 shares of the chip maker's stock after buying an additional 5,053,424 shares during the quarter. Intel comprises about 2.8% of Assenagon Asset Management S.A.'s holdings, making the stock its 7th largest position. Assenagon Asset Management S.A. owned about 0.32% of Intel worth $2,255,229,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Financially Speaking Inc increased its holdings in Intel by 69.2% in the 4th quarter. Financially Speaking Inc now owns 682 shares of the chip maker's stock worth $25,000 after acquiring an additional 279 shares during the last quarter. Financial Life Planners purchased a new stake in Intel during the first quarter valued at about $25,000. Legacy Bridge LLC bought a new position in Intel during the fourth quarter worth about $26,000. Swiss RE Ltd. purchased a new position in shares of Intel in the fourth quarter worth about $29,000. Finally, Osbon Capital Management LLC purchased a new position in shares of Intel in the fourth quarter worth about $30,000. Hedge funds and other institutional investors own 64.53% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Evercore set a $95.00 price target on shares of Intel in a research note on Friday, April 24th. Melius Research set a $150.00 target price on shares of Intel in a report on Monday, May 18th. Raymond James Financial upgraded Intel from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, April 21st. KeyCorp set a $125.00 price target on Intel in a report on Friday, July 24th. Finally, BTIG Research upgraded Intel from a "neutral" rating to a "buy" rating in a research report on Thursday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, thirty-two have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $107.93.

Intel Stock Down 1.2%

Shares of NASDAQ:INTC opened at $99.81 on Friday. The company has a market cap of $503.44 billion, a price-to-earnings ratio of -47.30 and a beta of 2.22. Intel Corporation has a one year low of $19.60 and a one year high of $142.35. The firm has a fifty day moving average price of $111.27 and a two-hundred day moving average price of $81.37. 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 announced its earnings results on Thursday, July 23rd. The chip maker reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates 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 analyst estimates of $14.43 billion. During the same period in the prior year, the company earned ($0.10) EPS. The company's quarterly revenue was up 25.2% compared to the same quarter last year. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. Analysts anticipate that Intel Corporation will post 1.01 EPS for the current fiscal year.

Key Headlines Impacting Intel

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel’s turnaround is showing tangible progress: second-quarter revenue rose roughly 25% year over year to $16.1 billion, while improving 18A manufacturing yields, narrowing foundry losses and stronger AI-related demand support the company’s recovery strategy. Management’s higher capital spending reportedly reflects customer commitments and planned capacity expansion. Intel's Turnaround Entered a New Phase
• Positive Sentiment: SoftBank’s quarterly results highlighted an approximately $8.2 billion gain tied largely to its Intel investment, reinforcing market confidence in Intel’s recent appreciation and its role in the AI-chip investment cycle. SoftBank earnings exceed expectations
• Positive Sentiment: AI infrastructure continues to drive demand for semiconductor funds that include Intel, supporting sector-wide momentum and investor interest in the company’s data-center and foundry opportunities. AI infrastructure trade powers leveraged ETFs
• Neutral Sentiment: Analysts and market commentary remain divided: Intel’s improving execution and potential external foundry customers are encouraging, but the company still must prove it can compete with Taiwan Semiconductor Manufacturing in leading-edge manufacturing. Inside Intel
• Negative Sentiment: Reports of a new CPU-level attack are weighing on sentiment because they raise concerns about processor security, potential remediation costs and reputational risk for Intel. Intel stock slips on CPU-level attack report
• Negative Sentiment: Investors are also taking profits after a sharp multi-month advance, while Daiwa Securities downgraded Intel from “strong buy” to “hold.” Elevated expectations increase the risk of further volatility if execution or foundry customer announcements disappoint. Semiconductor rally report

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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