Intel (NASDAQ:INTC) Stock Keeps “Neutral” Rating at Wedbush

Intel (NASDAQ:INTC)‘s stock had its “neutral” rating reiterated by research analysts at Wedbush in a report issued on Tuesday, Benzinga reports. They currently have a $98.00 price objective on the chip maker’s stock. Wedbush‘s price objective would indicate a potential upside of 4.54% from the company’s current price.

Several other research firms have also issued reports on INTC. Citigroup initiated coverage on shares of Intel in a research note on Monday, October 19th. They issued an “outperform” rating for the company. TD Cowen reduced their target price on shares of Intel from $115.00 to $95.00 and set a “hold” rating for the company in a research note on Monday, October 19th. The Goldman Sachs Group initiated coverage on shares of Intel in a research note on Monday, October 19th. They issued a “neutral” rating for the company. Barclays upgraded shares of Intel from a “hold” rating to an “overweight” rating in a research note on Wednesday, September 16th. Finally, KeyCorp set a $125.00 target price on shares of Intel in a research note on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, twenty-seven have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $108.23.

Intel Stock Up 3.6%

Shares of NASDAQ INTC traded up $3.27 during trading on Tuesday, hitting $93.74. The stock had a trading volume of 90,053,905 shares, compared to its average volume of 115,620,773. Intel has a 12 month low of $32.89 and a 12 month high of $142.35. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.60 and a quick ratio of 1.25. The company has a market capitalization of $472.82 billion, a PE ratio of -44.43, a PEG ratio of 9.23 and a beta of 2.22. The firm has a fifty day moving average of $102.10 and a two-hundred day moving average of $85.24.

Insiders Place Their Bets

In related news, CEO Lip Bu Tan purchased 105,263 shares of Intel stock in a transaction that occurred on Tuesday, August 11th. The stock was bought 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 $124,893,555. This represents a 8.70% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.05% of the company’s stock.

Hedge Funds Weigh In On Intel

Institutional investors have recently added to or reduced their stakes in the stock. State Street Corp grew its position in Intel by 1.2% during the second quarter. State Street Corp now owns 216,849,675 shares of the chip maker’s stock valued at $30,278,720,000 after buying an additional 2,528,657 shares during the period. Primecap Management Co. CA bought a new position in Intel during the second quarter worth about $10,507,291,000. Bank of America Corp DE boosted its position in Intel by 35.7% during the second quarter. Bank of America Corp DE now owns 31,724,362 shares of the chip maker’s stock worth $4,429,673,000 after purchasing an additional 8,342,514 shares during the period. Legal & General Group Plc bought a new position in Intel during the second quarter worth about $4,096,110,000. Finally, Assenagon Asset Management S.A. boosted its position in Intel by 87.1% during the third quarter. Assenagon Asset Management S.A. now owns 30,214,769 shares of the chip maker’s stock worth $3,632,722,000 after purchasing an additional 14,063,302 shares during the period. Institutional investors own 64.53% of the company’s stock.

More Intel News

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Quantum computing acquisition: Intel reportedly agreed to acquire Israeli quantum-software company Classiq for approximately $2.3 billion. The deal is intended to create a full-stack quantum-computing platform and strengthen Intel’s position in a potentially significant long-term growth market. Intel to buy quantum firm Classiq for about $2.3 billion
• Positive Sentiment: Server demand supports the earnings outlook: Analysts expect data-center revenue and Xeon processor demand, aided by AI infrastructure expansion and reported server-CPU shortages, to offset weaker personal-computer conditions. Intel reports third-quarter results on Oct. 29, and some analysts expect a revenue beat or higher guidance. Can Higher Data Center Revenues Propel Intel’s Q3 Earnings?
• Positive Sentiment: Positive analyst actions and new AI products: New Street Research upgraded Intel to Buy, while KeyBanc cited a potential turnaround and issued a $155 target. Intel’s Crescent Island GPUs and Xeon rack designs are aimed at memory-intensive agentic-AI inference, offering another route into AI infrastructure beyond training chips. Intel Rises as New Street Upgrade Cites Server CPU Shortage
• Neutral Sentiment: Tokenization dispute: Intel joined 25 other companies opposing OKXICE’s proposed tokenized-stock platform. The move may reduce unwanted use of Intel’s brand and shares, but the dispute has limited direct financial significance. Intel Joins Opposition to OKXICE Tokenized Stock Plan
• Negative Sentiment: Valuation and competition remain risks: Rosenblatt reaffirmed a Sell rating with an $80 target, while Wedbush maintained Neutral at $98. NVIDIA’s growing CPU business threatens Intel’s traditional market, and Intel’s costly foundry expansion still faces execution and margin concerns. Rosenblatt Securities Intel Rating

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.