Intel (NASDAQ:INTC) Trading Up 2.4% – Here’s Why

Intel Corporation (NASDAQ:INTC) shares were up 2.4% during trading on Friday . The company traded as high as $38.27 and last traded at $38.13. Approximately 94,721,549 shares were traded during mid-day trading, a decline of 9% from the average daily volume of 103,935,367 shares. The stock had previously closed at $37.24.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Weiss Ratings restated a “sell (d)” rating on shares of Intel in a research report on Wednesday, October 8th. BNP Paribas Exane increased their price objective on Intel from $19.00 to $30.00 and gave the company an “underperform” rating in a research report on Friday, October 24th. Cowen restated a “hold” rating on shares of Intel in a research report on Friday, October 24th. Loop Capital upped their target price on Intel from $25.00 to $40.00 and gave the stock a “hold” rating in a research note on Friday, October 24th. Finally, HSBC lifted their price target on shares of Intel from $24.00 to $26.00 in a research note on Friday, October 24th. Two research analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and eight have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $34.84.

Intel Price Performance

The company has a quick ratio of 1.25, a current ratio of 1.60 and a debt-to-equity ratio of 0.38. The firm’s fifty day moving average price is $33.08 and its 200-day moving average price is $25.58. The stock has a market cap of $166.90 billion, a P/E ratio of 3,816.82 and a beta of 1.31.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, October 23rd. The chip maker reported $0.23 earnings per share for the quarter. Intel had a net margin of 0.37% and a negative return on equity of 0.75%. The business had revenue of $13.65 billion during the quarter, compared to analysts’ expectations of $13.10 billion. During the same quarter in the prior year, the company posted ($0.46) EPS. The firm’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. Analysts forecast that Intel Corporation will post -0.11 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Lakeshore Capital Group Inc. lifted its holdings in Intel by 1.4% in the 3rd quarter. Lakeshore Capital Group Inc. now owns 20,906 shares of the chip maker’s stock valued at $701,000 after purchasing an additional 279 shares in the last quarter. WealthPlan Investment Management LLC raised its holdings in Intel by 0.4% in the 3rd quarter. WealthPlan Investment Management LLC now owns 71,772 shares of the chip maker’s stock valued at $2,408,000 after acquiring an additional 295 shares during the last quarter. Investors Research Corp increased its stake in Intel by 0.7% in the third quarter. Investors Research Corp now owns 40,597 shares of the chip maker’s stock valued at $1,362,000 after purchasing an additional 300 shares during the last quarter. N.E.W. Advisory Services LLC lifted its position in Intel by 27.1% during the third quarter. N.E.W. Advisory Services LLC now owns 1,406 shares of the chip maker’s stock worth $47,000 after buying an additional 300 shares during the period. Finally, First Interstate Bank boosted its stake in Intel by 1.7% in the 3rd quarter. First Interstate Bank now owns 17,550 shares of the chip maker’s stock worth $589,000 after buying an additional 300 shares during the last quarter. Institutional investors own 64.53% of the company’s stock.

About Intel

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.