Intel (NASDAQ:INTC) Price Target Raised to $120.00 at Wells Fargo & Company

Intel (NASDAQ:INTC) had its price objective boosted by Wells Fargo & Company from $110.00 to $120.00 in a report released on Friday morning, Marketbeat.com reports. The firm currently has an equal weight rating on the chip maker’s stock.

Other equities research analysts have also recently issued reports about the company. Barclays raised their target price on Intel from $65.00 to $100.00 and gave the company an “equal weight” rating in a research report on Monday, June 1st. JPMorgan Chase & Co. upped their price target on Intel from $35.00 to $45.00 and gave the stock an “underweight” rating in a report on Friday, April 24th. Cantor Fitzgerald increased their price target on Intel from $90.00 to $150.00 and gave the stock a “neutral” rating in a research report on Monday, June 29th. The Goldman Sachs Group reissued a “neutral” rating on shares of Intel in a report on Thursday. Finally, Benchmark boosted their price objective on Intel from $105.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, May 18th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, twenty-nine have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $107.67.

Intel Stock Performance

INTC opened at $92.32 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.31 and a quick ratio of 1.85. The firm has a fifty day moving average price of $115.84 and a 200 day moving average price of $78.07. Intel has a 1 year low of $18.97 and a 1 year high of $142.35. The stock has a market cap of $464.00 billion, a P/E ratio of -43.75 and a beta of 2.18.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, July 23rd. The chip maker reported $0.42 EPS for the quarter, beating the consensus estimate of $0.21 by $0.21. Intel had a negative net margin of 19.79% and a positive return on equity of 2.52%. The company had revenue of $16.13 billion for the quarter, compared to analyst estimates of $14.43 billion. During the same quarter last year, the business earned ($0.10) earnings per share. The firm’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. Equities research analysts anticipate that Intel will post 0.65 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Boise April Miller sold 40,256 shares of Intel stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $99.53, for a total value of $4,006,679.68. Following the sale, the executive vice president directly owned 105,077 shares in the company, valued at approximately $10,458,313.81. The trade was a 27.70% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.05% of the company’s stock.

Hedge Funds Weigh In On Intel

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Trust Asset Management LLC boosted its stake in Intel by 8.6% during the 2nd quarter. Trust Asset Management LLC now owns 51,805 shares of the chip maker’s stock worth $7,234,000 after purchasing an additional 4,090 shares during the last quarter. Ballast Inc. purchased a new stake in shares of Intel during the second quarter worth $328,000. Regent Peak Wealth Advisors LLC raised its position in shares of Intel by 13.8% in the second quarter. Regent Peak Wealth Advisors LLC now owns 12,498 shares of the chip maker’s stock valued at $1,745,000 after buying an additional 1,513 shares during the last quarter. Wedge Capital Management L L P NC acquired a new stake in shares of Intel in the second quarter valued at about $976,000. Finally, Abound Wealth Management lifted its stake in shares of Intel by 74.8% in the second quarter. Abound Wealth Management now owns 1,813 shares of the chip maker’s stock worth $253,000 after buying an additional 776 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Key Headlines Impacting Intel

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.