Assenagon Asset Management S.A. Purchases 10,523,590 Shares of Intel Corporation $INTC

Key Points

• Assenagon Asset Management S.A. increased its holdings in Intel Corporation by 86.4%, now owning approximately 22.7 million shares valued at $508.6 million.
• Intel reported an EPS of -$0.10 for its recent quarter, missing estimates by $0.11, despite a revenue of $12.86 billion that was above expectations.
• Wall Street analysts have mixed opinions on Intel's stock, with 22 analysts rating it as Hold, 2 as Buy, and 6 as Sell, reflecting concerns and adjustments to target prices.

Assenagon Asset Management S.A. boosted its stake in Intel Corporation (NASDAQ:INTC - Free Report) by 86.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,705,050 shares of the chip maker's stock after purchasing an additional 10,523,590 shares during the quarter. Intel comprises about 0.8% of Assenagon Asset Management S.A.'s holdings, making the stock its 23rd biggest position. Assenagon Asset Management S.A. owned 0.52% of Intel worth $508,593,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of INTC. N.E.W. Advisory Services LLC acquired a new stake in Intel in the first quarter worth $25,000. HFM Investment Advisors LLC acquired a new stake in Intel in the first quarter worth $25,000. Vermillion Wealth Management Inc. acquired a new stake in Intel in the fourth quarter worth $27,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Intel in the first quarter worth $27,000. Finally, LFA Lugano Financial Advisors SA acquired a new position in shares of Intel during the first quarter valued at about $30,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel Stock Performance

Shares of NASDAQ INTC traded up $1.09 during trading on Tuesday, reaching $29.85. 57,711,843 shares of the company traded hands, compared to its average volume of 99,286,148. The firm has a 50 day simple moving average of $23.40 and a 200-day simple moving average of $22.08. The company has a quick ratio of 0.92, a current ratio of 1.24 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $130.64 billion, a PE ratio of -6.25 and a beta of 1.23. Intel Corporation has a 52-week low of $17.67 and a 52-week high of $32.38.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The chip maker reported ($0.10) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.01 by ($0.11). The company had revenue of $12.86 billion for the quarter, compared to analysts' expectations of $11.88 billion. Intel had a negative net margin of 38.64% and a negative return on equity of 3.78%. The business's revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.02 EPS. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. Equities research analysts anticipate that Intel Corporation will post -0.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

INTC has been the subject of a number of analyst reports. Mizuho lifted their price objective on shares of Intel from $22.00 to $23.00 and gave the company a "neutral" rating in a report on Thursday, July 3rd. DZ Bank reiterated a "sell" rating on shares of Intel in a report on Friday. Needham & Company LLC reiterated a "hold" rating on shares of Intel in a report on Friday, July 25th. Sanford C. Bernstein reiterated a "market perform" rating on shares of Intel in a report on Tuesday, August 19th. Finally, UBS Group boosted their price target on shares of Intel from $25.00 to $35.00 and gave the stock a "neutral" rating in a report on Friday. Two research analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and six have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Intel currently has an average rating of "Reduce" and a consensus target price of $25.23.

Intel Company Profile

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.