Intel (NASDAQ:INTC) Trading 2.9% Higher Following Analyst Upgrade

Intel Corporation (NASDAQ:INTC)’s stock price traded up 2.9% during trading on Monday after Cantor Fitzgerald raised their price target on the stock from $36.00 to $40.00. Cantor Fitzgerald currently has a neutral rating on the stock. Intel traded as high as $38.52 and last traded at $38.10. 79,702,047 shares traded hands during mid-day trading, a decline of 23% from the average session volume of 103,442,000 shares. The stock had previously closed at $37.01.

Several other brokerages have also issued reports on INTC. Seaport Res Ptn raised shares of Intel from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 24th. Hsbc Global Res lowered shares of Intel from a “hold” rating to a “moderate sell” rating in a report on Tuesday, October 7th. TD Cowen lifted their price target on shares of Intel from $20.00 to $35.00 and gave the company a “hold” rating in a report on Friday, October 10th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Intel in a report on Wednesday, October 8th. Finally, Bank of America reaffirmed an “underperform” rating and set a $34.00 price target on shares of Intel in a report on Monday, October 13th. Two investment analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and seven have given a Sell rating to the company. According to data from MarketBeat, Intel presently has an average rating of “Reduce” and a consensus target price of $29.22.

Institutional Investors Weigh In On Intel

A number of institutional investors have recently added to or reduced their stakes in the business. Pinnacle Wealth Management Advisory Group LLC grew its holdings in Intel by 7.9% during the 3rd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 13,419 shares of the chip maker’s stock worth $450,000 after acquiring an additional 987 shares during the last quarter. Accurate Wealth Management LLC acquired a new position in shares of Intel in the 3rd quarter worth approximately $233,000. Merit Financial Group LLC lifted its position in shares of Intel by 45.9% in the 3rd quarter. Merit Financial Group LLC now owns 184,573 shares of the chip maker’s stock worth $6,192,000 after purchasing an additional 58,081 shares during the period. Hamilton Point Investment Advisors LLC acquired a new position in shares of Intel in the 3rd quarter worth approximately $228,000. Finally, TBH Global Asset Management LLC acquired a new position in shares of Intel in the 3rd quarter worth approximately $279,000. 64.53% of the stock is owned by institutional investors.

Intel Stock Up 2.9%

The stock has a market cap of $166.76 billion, a price-to-earnings ratio of -7.99 and a beta of 1.33. The company has a current ratio of 1.24, a quick ratio of 0.92 and a debt-to-equity ratio of 0.42. The stock’s 50-day moving average price is $29.19 and its 200-day moving average price is $23.87.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, July 24th. The chip maker reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.11). The firm had revenue of $12.86 billion during the quarter, compared to analyst estimates of $11.88 billion. Intel had a negative return on equity of 3.78% and a negative net margin of 38.64%.The firm’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter last year, the firm posted $0.02 EPS. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. On average, sell-side analysts expect 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.