Intel (NASDAQ:INTC) Hits New 12-Month High Following Analyst Upgrade

Key Points

• Intel's stock price reached a new 12-month high after Evercore ISI increased their price target from $23.00 to $41.10, leading to a peak trading price of $41.12.
• Despite positive upgrades from some analysts, the majority of ratings remain cautious with 24 analysts giving a Hold rating and an average consensus target price of $32.54.
• Intel reported quarterly earnings of $0.23 EPS, surpassing estimates with a revenue of $13.65 billion, marking a 3.0% increase compared to the previous year.

Intel Corporation (NASDAQ:INTC - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Friday after Evercore ISI raised their price target on the stock from $23.00 to $41.10. The company traded as high as $41.12 and last traded at $38.87, with a volume of 75702738 shares. The stock had previously closed at $38.16.

Other equities research analysts have also recently issued reports about the stock. Rosenblatt Securities lifted their price objective on shares of Intel from $14.00 to $25.00 and gave the stock a "sell" rating in a research report on Friday. JPMorgan Chase & Co. upped their price target on Intel from $21.00 to $30.00 and gave the company an "underweight" rating in a report on Friday. Loop Capital initiated coverage on shares of Intel in a research report on Monday, July 21st. They set a "hold" rating and a $25.00 price objective for the company. Cantor Fitzgerald lifted their target price on Intel from $36.00 to $40.00 and gave the stock a "neutral" rating in a research report on Monday. Finally, Bank of America restated an "underperform" rating and set a $34.00 price target on shares of Intel in a research note on Monday, October 13th. Two investment analysts have rated the stock with a Buy rating, twenty-four have issued a Hold rating and eight have assigned a Sell rating to the stock. According to MarketBeat, Intel currently has an average rating of "Reduce" and a consensus target price of $32.54.

Institutional Investors Weigh In On Intel

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Oppenheimer Asset Management Inc. boosted its position in shares of Intel by 2.7% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 149,957 shares of the chip maker's stock worth $3,406,000 after buying an additional 3,962 shares in the last quarter. Valmark Advisers Inc. purchased a new stake in Intel during the 1st quarter worth about $203,000. Legacy Advisors LLC raised its position in shares of Intel by 24.5% in the first quarter. Legacy Advisors LLC now owns 12,692 shares of the chip maker's stock valued at $288,000 after buying an additional 2,500 shares during the last quarter. Archford Capital Strategies LLC acquired a new position in shares of Intel during the 1st quarter valued at about $489,000. Finally, Spire Wealth Management increased its holdings in shares of Intel by 156.3% during the 1st quarter. Spire Wealth Management now owns 64,901 shares of the chip maker's stock worth $1,474,000 after buying an additional 39,581 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel Price Performance

The company has a market capitalization of $169.26 billion, a price-to-earnings ratio of -8.14 and a beta of 1.33. The company has a quick ratio of 0.92, a current ratio of 1.24 and a debt-to-equity ratio of 0.42. The company has a 50 day simple moving average of $30.10 and a 200 day simple moving average of $24.19.

Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings results on Thursday, October 23rd. The chip maker reported $0.23 EPS for the quarter. Intel had a negative net margin of 38.64% and a negative return on equity of 3.78%. The firm had revenue of $13.65 billion for the quarter, compared to analyst estimates of $13.10 billion. During the same quarter last year, the firm posted ($0.46) earnings per share. Intel's revenue for the quarter was up 3.0% compared to the same quarter last year. Intel has set its Q4 2025 guidance at 0.080-0.080 EPS. As a group, research analysts predict that Intel Corporation will post -0.11 EPS for the current year.

Intel Company Profile

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.

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