Sumitomo Mitsui DS Asset Management Company 13F: Adds $6M to INTC Stake

Sumitomo Mitsui DS Asset Management grew its stake in Intel Corporation (NasdaqGS: INTC) by 6.5% during the period, picking up an additional 49,608 shares. The move was revealed in a Form 13F filing with the Securities and Exchange Commission on October 20, 2026. Intel closed at $91.69 on the day of the filing.

INTC Intel Corporation

$92.33 ▲ +134.46% year to date

1M 3M YTD

Daily close · Oct 20, 2026

What Changed in Sumitomo Mitsui DS Asset Management's Intel Position

The fund finished the quarter with 807,367 total shares of the semiconductor maker, up from its previous count of 757,759 shares. Those holdings carried a reported value of $97,069,734 at the time of the disclosure.

Other Institutional Activity in Intel

Other major fund managers also adjusted their positions around the same time. Nvidia Corp held 214,776,632 shares worth $19,692,869,912 after keeping its share count unchanged. Softbank Group Corporation maintained 86,956,522 shares valued at $7,973,043,714. Meanwhile, Primecap Management Company trimmed its holdings by 507,582 shares, ending with 75,250,958 shares worth about $6,899,760,522.

Intel Corporation Stock Up 2.0%

Intel shares recently traded around $91.61 as of October 21, 2026, changing very little from their $91.69 close on the filing date. The stock sits about 35.6% below its 52-week high of $142.35 and well above its 52-week low of $32.89. The company has a market capitalization of roughly $483.6 billion and a forward P/E ratio of 43.57.

Recent Earnings

Intel reported trailing twelve-month revenue of $57.03 billion alongside negative earnings of $2.12 per share. The chipmaker posted a net profit margin of -19.8% and a return on equity of -10.7%. Investors are looking ahead to the company's next earnings report scheduled for October 29, 2026.

Insider Buying and Selling at Intel Corporation

Company insiders completed several transactions prior to the filing. Officer Boise April Miller sold 20,000 shares on February 2, 2026, at $49.05 per share for a total of $981,000, and later sold 40,256 shares on May 1, 2026, at $99.53 per share for $4,006,519. Chief Technology Officer Nagasubramaniyan Chandrasekaran sold 21,024 shares on May 29, 2026, at $118.28 per share for $2,486,698. Chief Executive Officer Lip-Bu Tan bought 105,263 shares on August 11, 2026, at $95.00 per share for $9,999,985.

Analysts Set New Price Targets

Wall Street firms updated their views on the stock ahead of the filing. Tigress Financial maintained a buy rating while raising its price target to $145.00 from $118.00 on September 15, 2026. TD Cowen reiterated a hold rating with a $115.00 target on September 24, 2026. Mizuho maintained a neutral rating and raised its target to $114.00 from $92.00 on October 6, 2026. TD Cowen maintained a hold rating with a lowered $95.00 target on October 19, 2026. JP Morgan upgraded the stock to a neutral rating with an 85.00 target on October 19, 2026. Across 43 analyst opinions, the stock holds a consensus buy rating and an average price target of $117.37.

About Intel Corporation

Intel Corporation designs and manufactures computing and semiconductor products for personal computers, data centers, and foundry customers worldwide. Headquartered in Santa Clara, California, the company operates major manufacturing and design facilities across the United States, Ireland, Israel, and other international locations.

Bottom Line

Sumitomo Mitsui DS Asset Management's increased stake brings added attention to the chipmaker ahead of its upcoming earnings release. Market participants will watch the October 29 report for signs of operational turnaround across its core segments and foundry business.