Intel (NASDAQ:INTC) Now Covered by Analysts at Raymond James Financial

Key Points

• Raymond James initiated coverage of Intel with a “market perform” rating; Wall Street remains mixed with a consensus rating of “Reduce” and a consensus price target of $34.84 (2 Buys, 24 Holds, 8 Sells).
• Intel reported Q3 EPS of $0.23 on revenue of $13.65 billion (a beat), set Q4 guidance at $0.08 EPS, and the stock trades near <$33.62> within a 52-week range of $17.67–$42.48; sell-side analysts expect roughly -0.11 EPS for the fiscal year.
• Institutional investors hold about 64.53% of Intel, with Vanguard owning ~390.8 million shares (~$13.11 billion) after recent increases in stakes by several major funds.

Equities researchers at Raymond James Financial initiated coverage on shares of Intel (NASDAQ:INTC - Get Free Report) in a research note issued to investors on Friday, MarketBeat.com reports. The firm set a "market perform" rating on the chip maker's stock.

Several other equities analysts have also recently weighed in on the company. Cantor Fitzgerald lifted their target price on Intel from $36.00 to $40.00 and gave the company a "neutral" rating in a research note on Monday, October 20th. JPMorgan Chase & Co. raised their price target on shares of Intel from $21.00 to $30.00 and gave the stock an "underweight" rating in a report on Friday, October 24th. Susquehanna boosted their price objective on shares of Intel from $31.00 to $35.00 and gave the company a "neutral" rating in a research report on Friday, October 24th. Citigroup reiterated a "sell" rating and issued a $29.00 price objective (up previously from $24.00) on shares of Intel in a research note on Friday, September 19th. Finally, Benchmark lifted their target price on shares of Intel from $43.00 to $50.00 and gave the company a "buy" rating in a research note on Friday, October 24th. Two analysts have rated the stock with a Buy rating, twenty-four have issued a Hold rating and eight have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Reduce" and a consensus target price of $34.84.

Intel Price Performance

Shares of Intel stock opened at $33.62 on Friday. Intel has a 52 week low of $17.67 and a 52 week high of $42.48. The company has a current ratio of 1.60, a quick ratio of 1.25 and a debt-to-equity ratio of 0.38. The stock has a market cap of $160.60 billion, a PE ratio of 3,365.37 and a beta of 1.31. The company's 50-day moving average price is $35.42 and its two-hundred day moving average price is $26.69.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings data on Thursday, October 23rd. The chip maker reported $0.23 earnings per share for the quarter. The business had revenue of $13.65 billion during the quarter, compared to analyst estimates of $13.10 billion. Intel had a negative return on equity of 0.75% and a net margin of 0.37%.The company's revenue was up 3.0% compared to the same quarter last year. During the same period last year, the company posted ($0.46) EPS. Intel has set its Q4 2025 guidance at 0.080-0.080 EPS. As a group, sell-side analysts anticipate that Intel will post -0.11 EPS for the current fiscal year.

Institutional Investors Weigh In On Intel

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in Intel by 1.3% during the third quarter. Vanguard Group Inc. now owns 390,829,684 shares of the chip maker's stock valued at $13,112,336,000 after buying an additional 4,925,949 shares in the last quarter. State Street Corp increased its holdings in shares of Intel by 1.6% during the 2nd quarter. State Street Corp now owns 203,617,629 shares of the chip maker's stock valued at $4,561,035,000 after acquiring an additional 3,168,824 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Intel by 1.8% during the 2nd quarter. Geode Capital Management LLC now owns 97,563,079 shares of the chip maker's stock valued at $2,174,854,000 after acquiring an additional 1,760,773 shares during the last quarter. Capital World Investors raised its stake in shares of Intel by 32.5% in the 3rd quarter. Capital World Investors now owns 86,503,121 shares of the chip maker's stock valued at $2,902,180,000 after acquiring an additional 21,230,715 shares in the last quarter. Finally, Primecap Management Co. CA lifted its holdings in Intel by 4.3% in the 2nd quarter. Primecap Management Co. CA now owns 80,298,180 shares of the chip maker's stock worth $1,798,679,000 after purchasing an additional 3,313,890 shares during the last quarter. Institutional investors and hedge funds 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.