Intel (NASDAQ:INTC) Price Target Raised to $108.00 at Truist Financial

Intel (NASDAQ:INTC) had its target price boosted by Truist Financial from $81.00 to $108.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a hold rating on the chip maker’s stock.

Several other brokerages also recently weighed in on INTC. BNP Paribas Exane raised Intel from an “underperform” rating to a “buy” rating and set a $60.00 target price on the stock in a research note on Tuesday, April 21st. Sanford C. Bernstein reissued a “market perform” rating and set a $100.00 price target on shares of Intel in a report on Wednesday, June 17th. UBS Group set a $115.00 price objective on shares of Intel in a research note on Thursday, July 16th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $100.00 target price on shares of Intel in a research report on Tuesday, May 12th. Finally, Cantor Fitzgerald lowered their target price on shares of Intel from $150.00 to $125.00 and set a “neutral” rating on the stock in a research note on Friday. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, twenty-nine have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $107.67.

Intel Price Performance

Shares of NASDAQ:INTC opened at $92.32 on Friday. The firm’s 50 day moving average is $115.84 and its two-hundred day moving average is $78.07. The firm has a market capitalization of $464.00 billion, a P/E ratio of -43.75 and a beta of 2.18. The company has a current ratio of 2.31, a quick ratio of 1.85 and a debt-to-equity ratio of 0.34. Intel has a 52 week low of $18.97 and a 52 week high of $142.35.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, July 23rd. The chip maker reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.21. Intel had a positive return on equity of 2.52% and a negative net margin of 19.79%.The business had revenue of $16.13 billion during the quarter, compared to the consensus estimate of $14.43 billion. During the same period in the previous year, the firm posted ($0.10) earnings per share. The business’s revenue was up 25.2% on a year-over-year basis. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. Analysts anticipate that Intel will post 0.65 earnings per share for the current year.

Insider Buying and Selling at Intel

In other news, EVP Boise April Miller sold 40,256 shares of the firm’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $99.53, for a total transaction of $4,006,679.68. Following the completion of the sale, the executive vice president directly owned 105,077 shares of the company’s stock, valued at $10,458,313.81. This trade represents a 27.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.05% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Intel

Hedge funds have recently modified their holdings of the stock. iA Global Asset Management Inc. raised its holdings in shares of Intel by 17.0% during the fourth quarter. iA Global Asset Management Inc. now owns 593,043 shares of the chip maker’s stock valued at $21,883,000 after acquiring an additional 86,189 shares during the period. Whalerock Point Partners LLC acquired a new position in Intel in the 4th quarter worth approximately $205,000. Heritage Investment Group Inc. purchased a new position in Intel during the 4th quarter worth approximately $219,000. Dixon Mitchell Investment Counsel Inc. purchased a new position in Intel during the 4th quarter worth approximately $185,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Intel by 5.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 255,261 shares of the chip maker’s stock valued at $9,419,000 after purchasing an additional 13,858 shares during the period. 64.53% of the stock is owned by hedge funds and other institutional investors.

More Intel News

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel beat Q2 expectations with EPS of $0.42 versus $0.21 expected and revenue of $16.13 billion versus $14.43 billion, marking its fastest revenue growth in more than 15 years. Reuters article
• Positive Sentiment: Intel’s Q3 guidance topped estimates, signaling management sees continued momentum from AI-related server-chip demand and improving foundry execution. CNBC article
• Positive Sentiment: Analysts and media coverage highlighted stronger data-center and AI demand, along with early progress in Intel’s foundry business and 18A manufacturing roadmap. MarketWatch/Fool article

About Intel

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.