Assenagon Asset Management S.A. Sells 5,509,319 Shares of Intel Corporation $INTC

Assenagon Asset Management S.A. reduced its stake in shares of Intel Corporation (NASDAQ:INTC) by 24.3% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 17,195,731 shares of the chip maker’s stock after selling 5,509,319 shares during the period. Intel comprises approximately 0.8% of Assenagon Asset Management S.A.’s portfolio, making the stock its 17th biggest position. Assenagon Asset Management S.A. owned about 0.39% of Intel worth $576,917,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of INTC. Investors Research Corp boosted its position in shares of Intel by 0.7% during the third quarter. Investors Research Corp now owns 40,597 shares of the chip maker’s stock valued at $1,362,000 after buying an additional 300 shares during the last quarter. Independent Wealth Network Inc. raised its position in Intel by 5.2% in the 2nd quarter. Independent Wealth Network Inc. now owns 9,927 shares of the chip maker’s stock valued at $222,000 after buying an additional 490 shares during the last quarter. HHM Wealth Advisors LLC lifted its stake in Intel by 6.3% during the 2nd quarter. HHM Wealth Advisors LLC now owns 8,384 shares of the chip maker’s stock valued at $188,000 after acquiring an additional 497 shares in the last quarter. Indiana Trust & Investment Management Co boosted its holdings in Intel by 8.4% during the 1st quarter. Indiana Trust & Investment Management Co now owns 6,457 shares of the chip maker’s stock worth $147,000 after acquiring an additional 500 shares during the last quarter. Finally, Cedar Mountain Advisors LLC grew its stake in shares of Intel by 17.4% in the 2nd quarter. Cedar Mountain Advisors LLC now owns 3,381 shares of the chip maker’s stock worth $76,000 after acquiring an additional 500 shares in the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Morgan Stanley boosted their price target on shares of Intel from $23.00 to $36.00 and gave the stock an “equal weight” rating in a report on Monday, October 20th. Truist Financial lifted their target price on shares of Intel from $21.00 to $39.00 and gave the stock a “hold” rating in a research report on Friday, October 24th. Bank of America reaffirmed an “underperform” rating and issued a $34.00 target price on shares of Intel in a report on Monday, October 13th. New Street Research increased their price target on Intel from $23.00 to $32.00 in a research report on Friday, September 19th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Intel from $30.00 to $35.00 and gave the stock a “hold” rating in a research report on Friday, October 24th. Two research analysts have rated the stock with a Buy rating, twenty-four have given a Hold rating and eight have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $34.84.

Intel Stock Down 0.5%

INTC stock opened at $37.31 on Wednesday. The stock has a fifty day moving average of $38.09 and a 200-day moving average of $29.08. Intel Corporation has a fifty-two week low of $17.67 and a fifty-two week high of $44.02. The company has a market capitalization of $178.23 billion, a price-to-earnings ratio of 3,734.73 and a beta of 1.34. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.25 and a current ratio of 1.60.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, October 23rd. The chip maker reported $0.23 EPS for the quarter. The business had revenue of $13.65 billion for the quarter, compared to the consensus estimate of $13.10 billion. Intel had a net margin of 0.37% and a negative return on equity of 0.75%. The company’s revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.46) earnings per share. Intel has set its Q4 2025 guidance at 0.080-0.080 EPS. As a group, equities research analysts predict that Intel Corporation will post -0.11 earnings per share for the current year.

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.