Intel (NASDAQ:INTC) Shares Gap Up – Here’s What Happened

Intel Corporation (NASDAQ:INTC)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $95.80, but opened at $100.80. Intel shares last traded at $101.0270, with a volume of 28,454,375 shares trading hands.

Key Headlines Impacting Intel

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel reportedly confirmed a roughly 10% increase in enterprise CPU prices, potentially improving average selling prices, margins and cash generation as data-center demand remains strong. Intel’s ASML Milestone Gives Investors a New Reason to Revisit the Stock
• Positive Sentiment: Intel Foundry and ASML said Intel has processed more than one million wafers using High-NA EUV equipment. The milestone supports confidence in Intel’s 18A process, Panther Lake production and its long-term foundry turnaround. Intel Foundry and ASML Collaborate to Accelerate Industry Readiness for High NA EUV
• Positive Sentiment: Northland upgraded Intel to Outperform and cited potential foundry scale from Elon Musk’s proposed Terafab, while other coverage highlighted a $120 price target and 59% AI-related growth. These developments reinforced the view that Intel’s turnaround is becoming more visible.
• Positive Sentiment: Intel’s second-quarter results exceeded expectations, with $16.13 billion in revenue and $0.42 in earnings per share versus consensus of $14.43 billion and $0.21, respectively. Revenue rose 25.2% year over year.
• Neutral Sentiment: The $20 billion capital raise initially raised dilution concerns, but commentary now suggests it may strengthen Intel’s balance sheet and fund strategic manufacturing investments rather than signal financial distress. After the Dip, Intel’s $20 Billion Raise Is Not the Red Flag It Originally Looked Like
• Negative Sentiment: Valuation and execution risks remain significant after the rally. Analysts noted that a $120 target leaves limited near-term upside, while Intel still must prove that High-NA yields, pricing gains and foundry volumes translate into sustainable profits.
• Negative Sentiment: Apple’s continued removal of Intel-based Mac support underscores Intel’s long-term loss of share in the Mac ecosystem, although this is a structural rather than immediate earnings issue.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Arete Research lifted their price target on shares of Intel from $20.40 to $99.00 and gave the company a “neutral” rating in a research note on Wednesday, June 10th. Bank of America lowered their price objective on shares of Intel from $160.00 to $145.00 and set a “buy” rating on the stock in a report on Wednesday, August 12th. Pivotal Research began coverage on shares of Intel in a report on Tuesday. They set a “buy” rating for the company. Moffett Nathanson cut shares of Intel to a “neutral” rating in a report on Thursday, June 11th. Finally, Royal Bank Of Canada assumed coverage on shares of Intel in a research report on Tuesday. They issued an “outperform” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, twenty-eight have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $107.80.

Intel Stock Performance

The firm has a market cap of $535.87 billion, a price-to-earnings ratio of -50.35, a price-to-earnings-growth ratio of 11.19 and a beta of 2.22. The company has a current ratio of 1.60, a quick ratio of 1.25 and a debt-to-equity ratio of 0.47. The stock’s 50 day moving average is $98.61 and its 200 day moving average is $89.40.

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. The firm had revenue of $16.13 billion during the quarter, compared to the consensus estimate of $14.43 billion. Intel had a negative net margin of 19.79% and a positive return on equity of 2.62%. The business’s revenue for the quarter was up 25.2% compared to the same quarter last year. During the same period last year, the business posted ($0.10) earnings per share. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. Analysts anticipate that Intel Corporation will post 1.04 earnings per share for the current year.

Insider Activity

In related news, CEO Lip Bu Tan purchased 105,263 shares of the stock in a transaction dated Tuesday, August 11th. The stock was bought at an average cost of $95.00 per share, for a total transaction of $9,999,985.00. Following the completion of the acquisition, the chief executive officer owned 1,314,669 shares of the company’s stock, valued at approximately $124,893,555. This represents a 8.70% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.05% of the company’s stock.

Hedge Funds Weigh In On Intel

A number of hedge funds and other institutional investors have recently made changes to their positions in INTC. iA Global Asset Management Inc. grew its stake 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 worth $21,883,000 after acquiring an additional 86,189 shares during the last quarter. Whalerock Point Partners LLC purchased a new position in shares of Intel in the 4th quarter valued at approximately $205,000. Dixon Mitchell Investment Counsel Inc. acquired a new stake in Intel in the 4th quarter worth approximately $185,000. Northwestern Mutual Wealth Management Co. boosted its stake in Intel by 5.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 255,261 shares of the chip maker’s stock worth $9,419,000 after purchasing an additional 13,858 shares in the last quarter. Finally, Legal & General Group Plc grew its position in Intel by 1.3% during the 4th quarter. Legal & General Group Plc now owns 34,012,894 shares of the chip maker’s stock worth $1,255,076,000 after purchasing an additional 423,481 shares during the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

About Intel

Intel Corporation (NASDAQ: INTC) is a global semiconductor company that designs and manufactures computing and communications products. Its portfolio includes Intel Core processors for personal computers, Xeon processors for data centers and enterprise systems, and products for edge computing, networking, and other specialized applications.

Intel also develops graphics processing units under its Intel Arc and Intel Data Center GPU brands, Gaudi artificial intelligence accelerators, Ethernet products, software, and related platform technologies.