FY2027 EPS Estimates for Intel Boosted by Erste Group Bank

Key Points

• Erste Group Bank raised its FY2027 EPS forecast for Intel to $1.59 from $1.56, above the current full-year consensus estimate of $1.05.
• Analyst sentiment remains mixed, with Intel carrying a consensus “Hold” rating and a $107.73 price target; recent ratings range from “Outperform” to “Neutral” and “Hold.”
• Intel’s latest quarterly results beat expectations, with EPS of $0.42 versus $0.21 forecast and revenue of $16.13 billion, while CEO Lip-Bu Tan separately purchased nearly $10 million of company shares.

Intel Corporation (NASDAQ:INTC - Free Report) - Erste Group Bank increased their FY2027 earnings per share (EPS) estimates for Intel in a note issued to investors on Wednesday, October 21st. Erste Group Bank analyst H. Engel now forecasts that the chip maker will post earnings per share of $1.59 for the year, up from their previous forecast of $1.56. The consensus estimate for Intel's current full-year earnings is $1.05 per share.

Several other brokerages also recently issued reports on INTC. Citigroup initiated coverage on Intel in a research report on Monday. They issued an "outperform" rating on the stock. Wall Street Zen downgraded Intel from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. KeyCorp set a $125.00 target price on Intel in a research note on Friday, July 24th. Royal Bank Of Canada assumed coverage on Intel in a report on Tuesday, September 8th. They issued an "outperform" rating on the stock. Finally, Piper Sandler started coverage on Intel in a research report on Wednesday, September 9th. They issued a "neutral" rating and a $110.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, twenty-seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Intel currently has a consensus rating of "Hold" and a consensus price target of $107.73.

Intel Price Performance

NASDAQ INTC opened at $85.48 on Friday. Intel has a 1 year low of $32.89 and a 1 year high of $142.35. The company has a fifty day simple moving average of $102.28 and a 200 day simple moving average of $102.93. The company has a current ratio of 1.60, a quick ratio of 1.25 and a debt-to-equity ratio of 0.47. The company has a market cap of $431.16 billion, a P/E ratio of -40.51, a P/E/G ratio of 9.87 and a beta of 2.22.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The chip maker reported $0.42 EPS for the quarter, beating analysts' consensus estimates of $0.21 by $0.21. The company had revenue of $16.13 billion for the quarter, compared to analyst estimates of $14.43 billion. Intel had a negative net margin of 19.79% and a positive return on equity of 2.62%. The company's quarterly revenue was up 25.2% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.10) earnings per share.

Insider Activity at Intel

In other Intel news, CEO Lip Bu Tan purchased 105,263 shares of the company's stock in a transaction that occurred on Tuesday, August 11th. The stock was purchased at an average price of $95.00 per share, with a total value of $9,999,985.00. Following the completion of the transaction, the chief executive officer directly owned 1,314,669 shares of the company's stock, valued at approximately $124,893,555. This trade represents a 8.70% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.05% of the company's stock.

Institutional Investors Weigh In On Intel

Several large investors have recently modified their holdings of INTC. State Street Corp lifted its holdings in shares of 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 acquiring an additional 2,528,657 shares during the period. Primecap Management Co. CA bought a new stake in shares of Intel in the 2nd quarter worth about $10,507,291,000. Bank of America Corp DE lifted its holdings in Intel by 35.7% during the 2nd quarter. Bank of America Corp DE now owns 31,724,362 shares of the chip maker's stock valued at $4,429,673,000 after purchasing an additional 8,342,514 shares during the last quarter. Legal & General Group Plc bought a new position in Intel during the 2nd quarter valued at about $4,096,110,000. Finally, Assenagon Asset Management S.A. boosted its position in Intel by 87.1% in the third quarter. Assenagon Asset Management S.A. now owns 30,214,769 shares of the chip maker's stock valued at $3,632,722,000 after buying an additional 14,063,302 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors.

Key Headlines Impacting Intel

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel’s $28 billion Ohio chip project reached a construction milestone, supporting the company’s long-term domestic manufacturing and foundry strategy. Arizona fabrication facilities are targeted to begin operations in 2028. Intel Ohio chip project construction milestone
• Positive Sentiment: Analysts and market commentators see potential for an earnings beat, citing strong server-processor demand and recent price increases. Better-than-expected results or guidance could provide a catalyst at the Oct. 29 report. Prediction: Intel Stock Will Take Off After Oct. 29
• Positive Sentiment: The FCC granted Intel a waiver related to foreign-made robotic devices, potentially easing execution or compliance constraints for certain manufacturing operations. FCC grants Intel waiver for foreign-made robotic devices

About Intel

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.

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