Intel Corporation $INTC is QSM Asset Management Ltd’s 2nd Largest Position

QSM Asset Management Ltd lowered its position in Intel Corporation (NASDAQ:INTC) by 8.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 363,254 shares of the chip maker’s stock after selling 33,398 shares during the period. Intel comprises approximately 8.7% of QSM Asset Management Ltd’s holdings, making the stock its 2nd largest position. QSM Asset Management Ltd’s holdings in Intel were worth $12,178,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in INTC. Vanguard Group Inc. lifted its holdings in shares of Intel by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 385,903,735 shares of the chip maker’s stock valued at $8,644,244,000 after buying an additional 8,513,298 shares during the period. State Street Corp raised its position in Intel by 1.6% in the second quarter. State Street Corp now owns 203,617,629 shares of the chip maker’s stock worth $4,561,035,000 after acquiring an additional 3,168,824 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Intel by 1.8% in the second quarter. Geode Capital Management LLC now owns 97,563,079 shares of the chip maker’s stock valued at $2,174,854,000 after acquiring an additional 1,760,773 shares during the period. Primecap Management Co. CA boosted its position in shares of Intel by 4.3% during the 2nd quarter. Primecap Management Co. CA now owns 80,298,180 shares of the chip maker’s stock worth $1,798,679,000 after purchasing an additional 3,313,890 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Intel during the 2nd quarter worth $1,579,378,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Key Intel News

Here are the key news stories impacting Intel this week:

• Positive Sentiment: BofA raises its Intel price target to $40 and highlights growing opportunity for Intel Foundry to win external business in advanced packaging — a medium-term revenue and margin tailwind if Intel converts customers. BofA Sees Advanced Packaging Potential for Intel Foundry
• Positive Sentiment: Analyst coverage notes a material expansion in Intel’s non-GAAP gross margin (reported recently) driven by better product mix and cost cuts — supports the thesis that Intel’s fundamentals are improving beyond mere optimism. Intel Rides on Strong Gross Margin Expansion
• Neutral Sentiment: Market context: INTC is up strongly on the year (TipRanks notes ~80% YTD), which makes further upside more dependent on execution and new customer wins rather than sentiment alone — analysts remain cautious heading into 2026. Intel Stock Is Up 80+ YTD, But Wall Street Remains Cautious Into 2026
• Neutral Sentiment: Broader analysis pieces and industry coverage (S&P/Seeking Alpha, AI trend articles) are discussing whether Intel can sustain a foundry comeback — useful background but not immediate drivers of stock moves. S&P Global: Intelligence Player Intelligent Here?
• Negative Sentiment: Core driver of today’s weakness: multiple outlets report Nvidia halted testing of Intel’s 18A process — investors see this as a setback for Intel’s effort to attract major fab customers and validate its leading-edge nodes. That report triggered the immediate share decline. Nvidia Tested Making Chips With Intel’s 18A Process, But Stopped
• Negative Sentiment: Follow-up coverage and commentary emphasize execution risk: headlines note the testing halt and question whether Intel can compete with TSMC and other foundries — sentiment pressure could persist until Intel lands marquee external customers or demonstrates 18A at scale. Reuters: Nvidia Halted Testing of Intel 18A Process

Intel Price Performance

Shares of NASDAQ:INTC opened at $36.08 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.25 and a current ratio of 1.60. The business’s fifty day moving average price is $38.00 and its two-hundred day moving average price is $29.74. The stock has a market cap of $172.35 billion, a PE ratio of 3,611.61 and a beta of 1.34. Intel Corporation has a one year low of $17.67 and a one year high of $44.02.

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

Analysts Set New Price Targets

A number of research firms recently commented on INTC. Bank of America reissued an “underperform” rating and set a $34.00 price objective on shares of Intel in a report on Monday, October 13th. Mizuho lifted their price target on shares of Intel from $39.00 to $41.00 and gave the company a “neutral” rating in a research report on Friday, October 24th. Morgan Stanley upped their price target on Intel from $23.00 to $36.00 and gave the stock an “equal weight” rating in a report on Monday, October 20th. Cowen reaffirmed a “hold” rating on shares of Intel in a research note on Friday, October 24th. Finally, Citigroup reiterated an “underperform” rating on shares of Intel in a research report on Tuesday, December 16th. Two investment analysts have rated the stock with a Buy rating, twenty-four have given a Hold rating and eight have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $34.84.

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.