Intel (NASDAQ:INTC) Shares Climb 1.7% – Time to Buy?

Shares of Intel Corporation (NASDAQ:INTC) traded up 1.7% on Friday. The company traded as high as $87.87 and last traded at $86.96. Approximately 71,560,092 shares changed hands during mid-day trading, a decline of 38% from the average session volume of 115,776,344 shares. The stock had previously closed at $85.49.

Intel News Summary

Here are the key news stories impacting Intel this week:

• Positive Sentiment: The FCC granted Intel a waiver allowing it to continue using foreign-made robotic devices, easing a potential regulatory obstacle for its manufacturing operations. FCC grants Intel waiver for foreign-made robotic devices
• Positive Sentiment: Investor attention is shifting toward Intel’s third-quarter results due October 29. Analysts and options traders anticipate a potentially large post-earnings move, while bullish commentary points to server CPU demand and recent price increases as possible drivers of a revenue and earnings beat. Intel earnings and options expectations
• Positive Sentiment: Erste Group raised its fiscal 2027 EPS forecast for Intel to $1.59 from $1.56, above the broader consensus estimate of $1.05, offering support for the company’s turnaround narrative.
• Neutral Sentiment: Intel has shown substantial earnings-day volatility: its shares surged 24% after the April report, although management’s prior third-quarter outlook called for adjusted EPS of $0.38, below the second quarter’s $0.42. Intel earnings-day volatility
• Negative Sentiment: Longer-term concerns remain around Intel’s foundry execution. Although its transistor technology is competitive, the foundry business is reportedly losing billions while Taiwan Semiconductor Manufacturing retains greater scale, customer reach, and manufacturing yields. Intel foundry execution concerns
• Negative Sentiment: Intel remains exposed to broader semiconductor weakness, elevated oil prices, inflation concerns, and investor doubts about whether aggressive AI infrastructure spending will generate adequate returns. Nvidia’s push into CPUs also creates additional competitive pressure. Why Intel stock fell previously

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Zacks Research downgraded Intel from a “strong-buy” rating to a “hold” rating in a report on Friday, July 31st. Stifel Nicolaus cut their price target on shares of Intel from $120.00 to $110.00 and set a “hold” rating on the stock in a report on Friday, July 24th. Weiss Ratings raised shares of Intel from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, October 9th. Wedbush lifted their price objective on shares of Intel from $60.00 to $98.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Finally, HC Wainwright set a $150.00 target price on shares of Intel in a report on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, twenty-seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $107.73.

Intel Trading Up 1.7%

The firm has a market cap of $438.63 billion, a PE ratio of -41.21, a price-to-earnings-growth ratio of 9.87 and a beta of 2.22. The company has a 50-day simple moving average of $102.28 and a 200 day simple moving average of $102.93. The company has a current ratio of 1.60, a quick ratio of 1.25 and a debt-to-equity ratio of 0.47.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, July 23rd. The chip maker reported $0.42 earnings per share 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 2.62%. The firm had revenue of $16.13 billion during the quarter, compared to analyst estimates of $14.43 billion. During the same period in the previous year, the firm earned ($0.10) EPS. The business’s quarterly revenue was up 25.2% on a year-over-year basis. As a group, sell-side analysts forecast that Intel Corporation will post 1.05 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Intel

Institutional investors and hedge funds have recently modified their holdings of the business. Simplicity Wealth LLC raised its holdings in Intel by 15.4% in the 3rd quarter. Simplicity Wealth LLC now owns 29,979 shares of the chip maker’s stock worth $3,604,000 after purchasing an additional 3,990 shares during the period. Madrona Financial Services LLC grew its holdings in Intel by 356.7% in the third quarter. Madrona Financial Services LLC now owns 11,294 shares of the chip maker’s stock valued at $1,358,000 after purchasing an additional 8,821 shares during the period. NTV Asset Management LLC grew its holdings in Intel by 103.3% in the third quarter. NTV Asset Management LLC now owns 17,029 shares of the chip maker’s stock valued at $2,047,000 after purchasing an additional 8,653 shares during the period. Evergreen Capital Management LLC grew its holdings in Intel by 5.7% in the third quarter. Evergreen Capital Management LLC now owns 48,130 shares of the chip maker’s stock valued at $5,787,000 after purchasing an additional 2,577 shares during the period. Finally, Blodgett Wealth Advisors LLC increased its position in shares of Intel by 41.2% in the third quarter. Blodgett Wealth Advisors LLC now owns 6,318 shares of the chip maker’s stock valued at $760,000 after buying an additional 1,845 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Company Profile

Intel Corporation (NASDAQ:INTC) is a global semiconductor company that designs and manufactures computing and connectivity products. Its portfolio includes Intel Core processors for personal computers, Xeon processors for data centers and enterprise systems, and products for networking, edge computing, graphics, and artificial intelligence workloads.

Through Intel Foundry, the company also provides semiconductor manufacturing and technology-development services for external customers. Intel develops process technologies, advanced packaging, and other manufacturing capabilities intended to support its own products and third-party chip designs.

Founded in 1968 by Robert Noyce and Gordon Moore, Intel helped establish the modern microprocessor industry and has historically supplied processors for PCs, servers, and other computing systems.