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

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

Several other equities research analysts have also commented on the stock. Sanford C. Bernstein restated a “market perform” rating and set a $100.00 target price on shares of Intel in a research report on Wednesday, June 17th. Arete Research increased their price target on shares of Intel from $20.40 to $99.00 and gave the company a “neutral” rating in a report on Wednesday, June 10th. DZ Bank upgraded shares of Intel from a “sell” rating to a “neutral” rating in a research note on Friday, April 24th. Citigroup upgraded shares of Intel from a “positive” rating to a “buy” rating in a research note on Thursday. Finally, Susquehanna boosted their price objective on shares of Intel from $80.00 to $115.00 and gave the stock a “neutral” rating in a report on Thursday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, twenty-nine have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $107.67.

Intel Price Performance

INTC opened at $92.32 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.60 and a quick ratio of 1.25. Intel has a 12 month low of $18.97 and a 12 month high of $142.35. The stock has a market capitalization of $464.00 billion, a P/E ratio of -43.75 and a beta of 2.18. The business has a 50 day simple moving average of $115.84 and a 200-day simple moving average of $78.35.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, July 23rd. The chip maker reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.21. The firm had revenue of $16.13 billion for the quarter, compared to analyst estimates of $14.43 billion. Intel had a positive return on equity of 2.62% and a negative net margin of 19.79%.Intel’s quarterly revenue was up 25.2% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.10) earnings per share. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. On average, equities analysts anticipate that Intel will post 0.65 earnings per share for the current fiscal year.

Insider Buying and Selling at Intel

In other news, EVP Boise April Miller sold 40,256 shares of the firm’s stock in a transaction on 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 in the company, valued at $10,458,313.81. This trade represents a 27.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.05% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Intel

Institutional investors and hedge funds have recently made changes to their positions in the business. Norges Bank acquired a new stake in Intel in the 4th quarter valued at about $2,233,159,000. Capital Research Global Investors raised its position in Intel by 285.9% during the fourth quarter. Capital Research Global Investors now owns 26,619,928 shares of the chip maker’s stock worth $982,279,000 after acquiring an additional 19,722,010 shares during the last quarter. Capital World Investors raised its position in Intel by 20.3% during the fourth quarter. Capital World Investors now owns 104,060,268 shares of the chip maker’s stock worth $3,839,833,000 after acquiring an additional 17,557,147 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Intel by 3.5% in the fourth quarter. Vanguard Group Inc. now owns 404,522,308 shares of the chip maker’s stock valued at $14,926,873,000 after purchasing an additional 13,692,624 shares in the last quarter. Finally, Morgan Stanley lifted its holdings in shares of Intel by 20.4% in the fourth quarter. Morgan Stanley now owns 65,249,269 shares of the chip maker’s stock valued at $2,407,698,000 after purchasing an additional 11,056,090 shares in the last quarter. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

More 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.