Assenagon Asset Management S.A. 13F: Adds $1.7B to INTC Stake

Assenagon Asset Management S.A. made a major move into Intel Corporation INTC, expanding its holdings sharply during the period. According to a Form 13F filing with the Securities and Exchange Commission on October 15, 2026, the fund grew its stake by 87.1%. Because 13F reports look backward at completed quarters, these figures show positioning from the filing period and may not represent the firm's exact current holdings today.

Inside Assenagon Asset Management's Intel Trade

The fund added 14,063,302 shares during the quarter, bringing its total ownership to 30,214,769 shares. The reported value of this expanded position reached approximately $3.63 billion at the time of the filing. Before this increase, the firm held 16,151,467 shares in the semiconductor maker. This sizable addition lifts the fund's exposure significantly.

Other Institutional Activity in Intel

Other major investors also tweaked their stakes in Intel Corporation during the recent reporting cycle. Blackrock Inc. reduced its holdings by 21,080,028 shares, ending with 426,478,962 shares worth about $38.32 billion. Vanguard Capital Management LLC grew its holdings by 3,214,973 shares, ending with 285,230,183 shares worth about $25.63 billion. State Street Corporation grew its holdings by 2,528,984 shares, ending with 216,849,675 shares worth about $19.48 billion. Nvidia Corp kept its holdings unchanged at 214,776,632 shares worth about $19.30 billion. Invesco Ltd. grew its holdings by 3,941,414 shares, ending with 157,902,890 shares worth about $14.19 billion.

Intel Corporation Stock Down 8.3%

Intel Corporation shares recently traded around $90.00. The stock sits below its 50-day moving average of $103.37, while holding above its 200-day moving average of $84.29. The share price is down 36.8% from its 52-week high of $142.35 and up 173.6% from its 52-week low of $32.89. The stock trades roughly 23.8% below the average analyst price target of $118.05.

Recent Earnings

For the trailing twelve months, Intel Corporation generated $57.03 billion in revenue with a net profit margin of -19.8% and a return on equity of -10.7%. The company reported a trailing twelve-month loss of $2.12 per share, leaving it without a meaningful positive P/E ratio. Revenue grew 25.4% year-over-year. The company's next earnings report is scheduled for October 29, 2026.

Dividend

Intel Corporation currently has a dividend yield and payout ratio of 0.0%, reflecting no active dividend payouts for shareholders at this time.

Insider Buying and Selling at Intel Corporation

Company insiders have transacted in Intel shares ahead of the filing. On February 2, 2026, officer Boise April Miller sold 20,000 shares at an average price of $49.05 for a total value of $981,000. On May 1, 2026, Boise April Miller sold 40,256 shares at $99.53 for $4.01 million. On May 29, 2026, Chief Technology Officer Nagasubramaniyan Chandrasekaran sold 21,024 shares at $118.28 for $2.49 million. Later, on August 11, 2026, Chief Executive Officer Lip-Bu Tan bought 105,263 shares at $95.00 for $10.00 million.

Analysts Set New Price Targets

Wall Street research firms have updated their outlooks on Intel Corporation. On September 8, 2026, Northland Capital Markets upgraded the stock to an Outperform rating with a $120.00 price target. On September 10, 2026, Piper Sandler initiated coverage with a Neutral rating and a $110.00 price target. On September 15, 2026, Tigress Financial maintained a Buy rating, raising its target from $118.00 to $145.00. On September 24, 2026, TD Cowen reiterated a Hold rating with a $115.00 price target. On October 6, 2026, Mizuho maintained a Neutral rating, lifting its target from $92.00 to $114.00. Overall, the stock carries a consensus buy rating from 43 analysts, with a mean price target of $118.05.

About Intel Corporation

Intel Corporation designs, manufactures, and sells computing and semiconductor products. Headquartered in Santa Clara, California, the company operates through multiple segments covering client computing, data center AI, and foundry services. Institutional interest from firms like Assenagon highlights ongoing portfolio adjustments surrounding the chipmaker's turnaround efforts.

Bottom Line

Assenagon Asset Management's large share increase underscores significant institutional appetite for Intel Corporation during a period of market transition. Investors should watch the upcoming earnings release on October 29, 2026, for further updates on the company's financial trajectory and foundry progress. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.