Intel (NASDAQ:INTC) Trading 3.4% Higher Following Analyst Upgrade

Shares of Intel Corporation (NASDAQ:INTC) traded up 3.4% during trading on Thursday after Wedbush raised their price target on the stock from $19.00 to $20.00. Wedbush currently has a neutral rating on the stock. Intel traded as high as $38.40 and last traded at $38.16. 104,194,983 shares changed hands during mid-day trading, an increase of 1% from the average session volume of 103,073,961 shares. The stock had previously closed at $36.92.

Several other analysts have also recently issued reports on the stock. Stifel Nicolaus upped their target price on shares of Intel from $21.00 to $24.50 and gave the company a “hold” rating in a research report on Monday, July 21st. Roth Capital restated a “neutral” rating and set a $30.00 target price on shares of Intel in a research report on Thursday, September 18th. JPMorgan Chase & Co. restated a “sell” rating and set a $21.00 target price on shares of Intel in a research report on Friday, September 19th. DZ Bank restated a “sell” rating on shares of Intel in a research report on Friday, September 19th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Intel in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and seven have assigned a Sell rating to the company. Based on data from MarketBeat.com, Intel currently has an average rating of “Reduce” and an average price target of $29.26.

Institutional Trading of Intel

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Planned Solutions Inc. bought a new position in Intel in the 3rd quarter worth about $223,000. Steigerwald Gordon & Koch Inc. bought a new position in Intel in the 3rd quarter worth about $119,000. Beaumont Financial Advisors LLC grew its stake in Intel by 1.8% in the 3rd quarter. Beaumont Financial Advisors LLC now owns 17,194 shares of the chip maker’s stock worth $577,000 after acquiring an additional 311 shares in the last quarter. Zullo Investment Group Inc. bought a new position in Intel in the 3rd quarter worth about $225,000. Finally, Visionary Horizons LLC bought a new position in Intel in the 3rd quarter worth about $232,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Price Performance

The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.92 and a current ratio of 1.24. The firm has a market capitalization of $167.03 billion, a P/E ratio of -8.00 and a beta of 1.33. The stock’s 50 day simple moving average is $30.10 and its 200 day simple moving average is $24.19.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, October 23rd. The chip maker reported $0.23 EPS for the quarter. Intel had a negative net margin of 38.64% and a negative return on equity of 3.78%. The business had revenue of $13.65 billion for the quarter, compared to the consensus estimate of $13.10 billion. During the same period in the prior year, the firm earned ($0.46) EPS. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. Intel has set its Q4 2025 guidance at 0.080-0.080 EPS. As a group, analysts expect that Intel Corporation will post -0.11 earnings per share for the current fiscal 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.