Intel (NASDAQ:INTC) Trading Up 13.9% – Here’s What Happened

Intel Corporation (NASDAQ:INTC)’s share price shot up 13.9% during trading on Friday . The company traded as high as $130.57 and last traded at $124.8150. 222,660,836 shares changed hands during trading, an increase of 88% from the average session volume of 118,219,328 shares. The stock had previously closed at $109.62.

Key Intel News

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Reports that Intel and Apple have reached a preliminary agreement for Intel to manufacture chips for Apple devices, a major potential customer win for Intel’s foundry business. Article Title
• Positive Sentiment: Wall Street commentary suggesting the AI cycle is broadening from Nvidia to CPUs and memory, with Intel positioned to benefit as demand for server and AI-related processors rises. Article Title
• Positive Sentiment: Analysts at Erste Group raised Intel’s earnings estimates for FY2026 and FY2027, adding to the view that the turnaround is starting to improve profitability expectations.
• Positive Sentiment: Additional coverage emphasized Intel’s strong recent momentum, turnaround progress, and improving AI/foundry narrative, which has helped fuel the stock’s rally. Article Title
• Neutral Sentiment: Some analysts and media outlets warned the stock’s rapid run-up has made it technically extended and vulnerable to a pullback if expectations get too stretched. Article Title
• Negative Sentiment: Bearish commentary argued that Intel’s rally may be overdone and that valuation looks frothy after the stock’s explosive move, creating risk of a sharp reversal. Article Title

Wall Street Analyst Weigh In

INTC has been the subject of a number of recent research reports. Citigroup upgraded Intel from a “neutral” rating to a “buy” rating and boosted their price target for the company from $48.00 to $95.00 in a research note on Tuesday, April 21st. Barclays increased their price objective on shares of Intel from $45.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Friday, April 24th. Seaport Research Partners raised their price objective on shares of Intel from $65.00 to $90.00 and gave the stock a “buy” rating in a report on Friday, April 24th. KGI Securities lowered shares of Intel from an “outperform” rating to a “neutral” rating and set a $71.00 target price for the company. in a research report on Monday, April 20th. Finally, Bank of America upped their target price on shares of Intel from $48.00 to $56.00 and gave the company an “underperform” rating in a report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twenty-five have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $75.64.

Intel Trading Up 13.9%

The stock has a 50-day moving average price of $58.56 and a two-hundred day moving average price of $47.46. The stock has a market capitalization of $627.32 billion, a PE ratio of -201.31 and a beta of 2.18. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.85 and a current ratio of 2.31.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, April 23rd. The chip maker reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.28. Intel had a negative net margin of 5.90% and a positive return on equity of 0.39%. The company had revenue of $13.58 billion during the quarter, compared to analyst estimates of $12.32 billion. During the same period in the prior year, the firm posted $0.13 EPS. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. Intel has set its Q2 2026 guidance at 0.200-0.200 EPS. As a group, equities analysts forecast that Intel Corporation will post 0.63 earnings per share for the current year.

Insider Activity

In other news, EVP Boise April Miller sold 40,256 shares of the stock in a transaction on Friday, May 1st. The shares were sold at an average price of $99.53, for a total value of $4,006,679.68. Following the completion of the sale, the executive vice president directly owned 105,077 shares of the company’s stock, valued at $10,458,313.81. This represents a 27.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.05% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Sivia Capital Partners LLC raised its stake in Intel by 271.8% during the 2nd quarter. Sivia Capital Partners LLC now owns 34,201 shares of the chip maker’s stock valued at $766,000 after purchasing an additional 25,001 shares during the period. United Bank purchased a new stake in Intel during the 2nd quarter valued at approximately $205,000. Gamco Investors INC. ET AL raised its position in shares of Intel by 12.3% during the second quarter. Gamco Investors INC. ET AL now owns 13,737 shares of the chip maker’s stock valued at $308,000 after buying an additional 1,508 shares during the last quarter. NewEdge Advisors LLC raised its position in shares of Intel by 29.6% during the second quarter. NewEdge Advisors LLC now owns 158,277 shares of the chip maker’s stock valued at $3,545,000 after buying an additional 36,116 shares during the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of Intel by 9.9% in the second quarter. Sei Investments Co. now owns 828,352 shares of the chip maker’s stock worth $18,556,000 after buying an additional 74,838 shares in the last quarter. Institutional investors own 64.53% of the company’s stock.

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.