Intel (NASDAQ:INTC) Price Target Raised to $98.00 at Wedbush

Intel (NASDAQ:INTC) had its target price raised by Wedbush from $60.00 to $98.00 in a research note published on Friday morning, MarketBeat.com reports. The brokerage currently has a neutral rating on the chip maker’s stock.

Other equities research analysts also recently issued reports about the stock. Freedom Capital raised shares of Intel from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 28th. Wolfe Research assumed coverage on shares of Intel in a report on Thursday, June 11th. They issued a “peer perform” rating for the company. Morgan Stanley upped their price objective on shares of Intel from $73.00 to $75.00 and gave the company an “equal weight” rating in a research report on Monday. Royal Bank Of Canada reissued a “sector perform” rating on shares of Intel in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $100.00 target price on shares of Intel in a report on Tuesday, May 12th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twenty-nine have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $107.67.

Intel Price Performance

Shares of INTC stock opened at $92.32 on Friday. Intel has a 1 year low of $18.97 and a 1 year high of $142.35. The company has a current ratio of 2.31, a quick ratio of 1.85 and a debt-to-equity ratio of 0.34. The firm’s 50 day moving average is $115.84 and its 200-day moving average is $78.07. The firm has a market capitalization of $464.00 billion, a price-to-earnings ratio of -43.75 and a beta of 2.18.

Intel (NASDAQ:INTC) last posted 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. The firm had revenue of $16.13 billion for the quarter, compared to the consensus estimate of $14.43 billion. Intel had a positive return on equity of 2.52% and a negative net margin of 19.79%.The business’s revenue for the quarter was up 25.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.10) EPS. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. Sell-side analysts forecast that Intel will post 0.65 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Boise April Miller sold 40,256 shares of the business’s 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 completion of the transaction, the executive vice president owned 105,077 shares of the company’s stock, valued at $10,458,313.81. The trade was a 27.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.05% of the stock is currently owned by company insiders.

Institutional Trading of Intel

Large investors have recently made changes to their positions in the company. iA Global Asset Management Inc. lifted its position in shares of Intel by 17.0% during the 4th quarter. iA Global Asset Management Inc. now owns 593,043 shares of the chip maker’s stock worth $21,883,000 after buying an additional 86,189 shares during the last quarter. Whalerock Point Partners LLC bought a new position in Intel in the fourth quarter valued at about $205,000. Heritage Investment Group Inc. bought a new position in Intel in the fourth quarter valued at about $219,000. Dixon Mitchell Investment Counsel Inc. acquired a new position in Intel during the fourth quarter worth about $185,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Intel by 5.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 255,261 shares of the chip maker’s stock worth $9,419,000 after acquiring an additional 13,858 shares in the last quarter. 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: 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.