State of Michigan Retirement System 13F: Adds $4.7M to INTC Stake

On October 27, 2026, the State of Michigan Retirement System increased its stake in Intel Corporation (INTC) by 38,800 shares, bringing its total to 1,248,453 shares. This position is valued at approximately $150.1 million, according to the fund's latest Form 13F filing with the SEC.

INTC Intel Corporation

$93.74 ▲ +138.04% year to date

1M 3M YTD

Daily close · Oct 27, 2026

What Changed in State of Michigan Retirement System's Intel Position

The State of Michigan Retirement System added 38,800 shares to its Intel holdings, a 3.2% increase from the previous total of 1,209,653 shares. This boost reflects a change in value of about $4.7 million, as the fund's reported value in Intel now stands at approximately $150.1 million.

Where Intel Fits in State of Michigan Retirement System's Portfolio

Intel now makes up 1.36% of the State of Michigan Retirement System's total reported value of about $11 billion. This stake ranks 21st out of the fund's 966 positions. The recent increase shows a continued interest in Intel from the fund, despite the stock's fluctuating performance.

Other Institutional Activity in Intel Corporation

Several other funds have also made changes to their Intel positions recently. UniSuper Management boosted its stake by 193,661 shares, raising its total to 1,142,011 shares valued at about $137.3 million. Asset Management One increased its holdings by 69,302 shares to a total of 2,164,007 shares worth roughly $260.2 million. In contrast, both NLB Skladi and Oriental Harbor Investment Master Fund reduced their stakes.

Intel Corporation Stock Up 7.8%

Intel's stock recently traded at $93.75, which is about equal to its closing price of $93.74 on October 27, 2026. However, it remains below its 50-day moving average by 8% and is approximately 34.1% below its 52-week high of $142.35. The stock has also recently been trading above its 52-week low, indicating some resilience in a challenging market.

Recent Earnings

Intel reported a trailing twelve-month revenue of approximately $57 billion, reflecting a year-over-year growth rate of 25.4%. However, the company has faced challenges, as indicated by a net margin of -19.8% and a return on equity of -10.7%. The next earnings report is scheduled for October 29, 2026.

Analysts Set New Price Targets

On October 26, 2026, New Street Research upgraded Intel to a Buy rating with a price target of $125. RBC Capital reiterated its Sector Perform rating with a target of $100, while Susquehanna maintained a Neutral rating with a target of $105. As of now, the consensus recommendation for Intel is a Buy with a mean price target of about $117.71.

About Intel Corporation

Intel Corporation designs and manufactures computing products and services globally, operating primarily in the semiconductor industry. The company is headquartered in Santa Clara, California, and has a significant workforce of around 85,100 employees. Its diverse product offerings include chips for computers and other electronic devices, playing a critical role in the tech sector.

Bottom Line

Investors will be looking closely at Intel's upcoming earnings report on October 29, 2026, to assess the company's financial health. The recent activity from the State of Michigan Retirement System and other institutional investors suggests ongoing interest in Intel, which is navigating a competitive market landscape.