Intel Corporation $INTC Stake Reduced by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. trimmed its holdings in Intel Corporation (NASDAQ:INTC) by 11.6% in the first quarter, Holdings Channel.com reports. The fund owned 11,098,043 shares of the chip maker’s stock after selling 1,456,639 shares during the period. Intel comprises 0.7% of Assenagon Asset Management S.A.’s portfolio, making the stock its 20th biggest holding. Assenagon Asset Management S.A.’s holdings in Intel were worth $489,757,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Norges Bank acquired a new position in Intel in the 4th quarter worth approximately $2,233,159,000. Capital World Investors raised its stake in Intel by 32.5% during the 3rd quarter. Capital World Investors now owns 86,503,121 shares of the chip maker’s stock valued at $2,902,180,000 after purchasing an additional 21,230,715 shares during the period. Capital Research Global Investors raised its stake in Intel by 285.9% during the 4th quarter. Capital Research Global Investors now owns 26,619,928 shares of the chip maker’s stock valued at $982,279,000 after purchasing an additional 19,722,010 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Intel by 3.5% in the fourth quarter. Vanguard Group Inc. now owns 404,522,308 shares of the chip maker’s stock valued at $14,926,873,000 after purchasing an additional 13,692,624 shares in the last quarter. Finally, Morgan Stanley lifted its holdings in shares of Intel by 20.4% in the fourth quarter. Morgan Stanley now owns 65,249,269 shares of the chip maker’s stock valued at $2,407,698,000 after purchasing an additional 11,056,090 shares in the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Boise April Miller sold 40,256 shares of the stock in a transaction dated 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 transaction, the executive vice president owned 105,077 shares of the company’s stock, valued at approximately $10,458,313.81. This represents a 27.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.05% of the company’s stock.

Intel Price Performance

Shares of INTC opened at $132.28 on Wednesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.85 and a current ratio of 2.31. The firm has a market cap of $664.84 billion, a PE ratio of -213.35 and a beta of 2.21. The firm’s 50 day moving average price is $105.57 and its 200 day moving average price is $66.18. Intel Corporation has a twelve month low of $18.97 and a twelve month high of $141.45.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, April 23rd. The chip maker reported $0.29 EPS for the quarter, topping the consensus estimate of $0.01 by $0.28. The company had revenue of $13.58 billion during the quarter, compared to the consensus estimate of $12.32 billion. Intel had a negative net margin of 5.90% and a positive return on equity of 0.39%. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.13 earnings per share. Intel has set its Q2 2026 guidance at 0.200-0.200 EPS. As a group, research analysts expect that Intel Corporation will post 0.63 EPS for the current fiscal year.

Key Stories Impacting Intel

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Bank of America raised its price target on Intel to $160 from $135 and kept a Buy rating, citing stronger fundamentals and AI-driven demand. Intel price target raised by Bank of America
• Positive Sentiment: MarketBeat reported that Intel is packaging the future of American chips, emphasizing its expanded role in advanced packaging, government backing, and the 18A-P node entering risk production. Intel packaging the future of American chips
• Positive Sentiment: Multiple articles pointed to a possible Intel-Apple chip partnership and NVIDIA’s strategic investment in Intel as validation of Intel’s foundry turnaround story. Intel and Apple chip partnership article
• Positive Sentiment: Supermicro announced Intel-powered platforms for AI-at-the-edge deployments, reinforcing Intel’s relevance in AI infrastructure hardware. Supermicro Intel-powered AI platforms

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Arete Research lifted their price target on Intel from $20.40 to $99.00 and gave the company a “neutral” rating in a report on Wednesday, June 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Intel in a research note on Friday, April 24th. Moffett Nathanson downgraded Intel to a “neutral” rating in a report on Thursday, June 11th. Piper Sandler assumed coverage on shares of Intel in a research report on Thursday, June 11th. They issued a “neutral” rating for the company. Finally, KGI Securities cut shares of Intel from an “outperform” rating to a “neutral” rating and set a $71.00 price target for the company. in a report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, twenty-seven have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, Intel presently has an average rating of “Hold” and a consensus target price of $87.98.

Intel 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.