Intel (NASDAQ:INTC) Shares Up 2.2% – Here’s Why

Intel Corporation (NASDAQ:INTC) shares were up 2.2% on Friday . The company traded as high as $42.83 and last traded at $41.41. Approximately 99,105,861 shares were traded during trading, a decline of 3% from the average daily volume of 102,387,039 shares. The stock had previously closed at $40.50.

Analysts Set New Price Targets

INTC has been the topic of a number of recent research reports. Wells Fargo & Company upped their target price on Intel from $30.00 to $45.00 and gave the company an “equal weight” rating in a research note on Friday, October 24th. Raymond James Financial began coverage on Intel in a report on Friday, November 21st. They issued a “market perform” rating for the company. Sanford C. Bernstein reaffirmed a “neutral” rating on shares of Intel in a research note on Tuesday, November 18th. TD Cowen lifted their price objective on Intel from $35.00 to $38.00 and gave the stock a “hold” rating in a research report on Friday, October 24th. Finally, Erste Group Bank raised shares of Intel from a “sell” rating to a “hold” rating in a research note on Monday, September 22nd. Two investment analysts have rated the stock with a Buy rating, twenty-four have assigned a Hold rating and eight have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $34.84.

Intel Price Performance

The company has a 50 day moving average of $37.54 and a 200 day moving average of $27.91. The stock has a market capitalization of $197.82 billion, a price-to-earnings ratio of 4,145.15 and a beta of 1.34. The company has a quick ratio of 1.25, a current ratio of 1.60 and a debt-to-equity ratio of 0.38.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, October 23rd. The chip maker reported $0.23 EPS for the quarter. Intel had a negative return on equity of 0.75% and a net margin of 0.37%.The company had revenue of $13.65 billion during the quarter, compared to analysts’ expectations of $13.10 billion. During the same quarter in the previous year, the business earned ($0.46) EPS. The firm’s revenue was up 3.0% on a year-over-year basis. Intel has set its Q4 2025 guidance at 0.080-0.080 EPS. As a group, equities research analysts forecast that Intel Corporation will post -0.11 EPS for the current fiscal year.

Hedge Funds Weigh In On Intel

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Saranac Partners Ltd acquired a new position in shares of Intel in the 3rd quarter valued at approximately $81,000. Strategic Investment Solutions Inc. IL lifted its position in shares of Intel by 467.6% in the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 16,999 shares of the chip maker’s stock worth $570,000 after buying an additional 14,004 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of Intel by 0.4% in the 3rd quarter. Allworth Financial LP now owns 275,282 shares of the chip maker’s stock valued at $9,236,000 after buying an additional 1,233 shares during the period. Swiss Life Asset Management Ltd grew its position in shares of Intel by 16.2% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 715,524 shares of the chip maker’s stock valued at $24,006,000 after buying an additional 99,855 shares during the last quarter. Finally, RIA Advisory Group LLC raised its stake in Intel by 2.2% during the third quarter. RIA Advisory Group LLC now owns 111,574 shares of the chip maker’s stock worth $3,743,000 after acquiring an additional 2,356 shares during the period. Hedge funds and other institutional investors own 64.53% of the company’s stock.

About Intel

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.