Intel (NASDAQ:INTC) Shares Up 7.5% – Here’s What Happened

Intel Corporation (NASDAQ:INTC) was up 7.5% during trading on Wednesday. The company traded as high as $64.06 and last traded at $62.50. 128,416,087 shares were traded during mid-day trading, an increase of 8% from the average session volume of 119,265,727 shares. The stock had previously closed at $58.13.

Key Intel News

Here’s some of the latest news about INTC:

• Positive Sentiment: A broad chip rally followed stronger-than-expected results from CoreWeave, which helped revive expectations for AI infrastructure demand. Intel joined the sector move, rather than responding to a clearly identified new Intel filing or major announcement. Marvell and Intel Rally as CoreWeave’s Results Reignite the AI Chip Trade
• Positive Sentiment: Investors are also revisiting Intel’s recent quarterly results, which showed revenue growth and strong data-center performance. The company has separately reported a collaboration with DataKrypto focused on encrypted execution for AI infrastructure. DataKrypto Collaborates with Intel
• Negative Sentiment: The rebound does not remove Intel’s execution risks. Recent coverage emphasizes cautious PC demand and a difficult near-term outlook, while the company’s turnaround requires investment and stronger data-center growth to translate into sustained profitability. Intel’s Turnaround Could Rewrite the Stock’s Story

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on INTC shares. Wall Street Zen lowered shares of Intel from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Truist Financial lowered their target price on shares of Intel from $108.00 to $72.00 and set a “hold” rating on the stock in a report on Friday, October 30th. Susquehanna dropped their target price on shares of Intel from $105.00 to $75.00 and set a “neutral” rating for the company in a research report on Friday, October 30th. JPMorgan Chase & Co. reduced their price target on shares of Intel from $85.00 to $80.00 and set a “neutral” rating on the stock in a report on Friday, October 30th. Finally, Cantor Fitzgerald decreased their price target on shares of Intel from $125.00 to $90.00 and set a “neutral” rating on the stock in a research note on Friday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, twenty-eight have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $97.42.

Intel Stock Up 7.5%

The business has a 50-day moving average price of $96.72 and a 200 day moving average price of $86.64. The company has a current ratio of 2.31, a quick ratio of 1.95 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $332.19 billion, a P/E ratio of -25.93, a P/E/G ratio of 6.35 and a beta of 2.42.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, October 29th. The chip maker reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.11. The company had revenue of $16.51 billion for the quarter, compared to analysts’ expectations of $16.56 billion. Intel had a negative net margin of 20.09% and a positive return on equity of 4.70%. Intel’s quarterly revenue was up 20.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.23 earnings per share. On average, equities analysts expect that Intel Corporation will post 1.04 EPS for the current fiscal year.

Insider Buying and Selling at Intel

In other Intel news, CEO Lip Tan bought 150,000 shares of Intel stock in a transaction dated Monday, November 2nd. The shares were purchased at an average cost of $64.73 per share, for a total transaction of $9,709,500.00. Following the acquisition, the chief executive officer directly owned 1,464,669 shares in the company, valued at approximately $94,808,024.37. This represents a 11.41% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 0.05% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in INTC. Advisors Asset Management Inc. bought a new position in Intel during the third quarter valued at $31,000. Edmond DE Rothschild Holding S.A. lifted its holdings in shares of Intel by 45.8% in the 3rd quarter. Edmond DE Rothschild Holding S.A. now owns 45,689 shares of the chip maker’s stock worth $5,493,000 after acquiring an additional 14,352 shares during the last quarter. GW&K Investment Management LLC boosted its stake in shares of Intel by 5.8% during the 3rd quarter. GW&K Investment Management LLC now owns 4,635 shares of the chip maker’s stock worth $557,000 after purchasing an additional 255 shares during the period. Private Wealth Asset Management LLC boosted its stake in shares of Intel by 579.9% during the 3rd quarter. Private Wealth Asset Management LLC now owns 41,598 shares of the chip maker’s stock worth $5,001,000 after purchasing an additional 35,480 shares during the period. Finally, Alteri Wealth LLC boosted its stake in shares of Intel by 1.9% during the 3rd quarter. Alteri Wealth LLC now owns 120,630 shares of the chip maker’s stock worth $14,503,000 after purchasing an additional 2,204 shares during the period. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Company Profile

Intel Corporation is a semiconductor company that designs and manufactures processors and related technologies. Its products include central processing units for personal computers and servers, graphics and AI accelerators, and platforms and components for data center, networking, and edge computing applications. The company also operates Intel Foundry, which provides semiconductor manufacturing, packaging, and related services for Intel and external customers. Intel serves customers and businesses around the world through its products, technologies, and manufacturing operations.