Intel (NASDAQ:INTC) Price Target Raised to $30.00 at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has increased Intel's price target from $21.00 to $30.00 but maintains an "underweight" rating, indicating a potential downside of 21.38% from the stock's previous close.
• Other research firms have also changed their ratings on Intel, with some upgrading the stock and others issuing sell ratings, resulting in a consensus rating of "Reduce" and an average target price of $30.18.
• Intel reported earnings of $0.23 per share for the last quarter, exceeding estimates with a revenue of $13.65 billion, marking a 3% year-over-year increase.

Intel (NASDAQ:INTC - Get Free Report) had its price objective upped by equities researchers at JPMorgan Chase & Co. from $21.00 to $30.00 in a report released on Friday,Benzinga reports. The firm presently has an "underweight" rating on the chip maker's stock. JPMorgan Chase & Co.'s price target would suggest a potential downside of 21.38% from the company's previous close.

Several other research firms also recently weighed in on INTC. Seaport Res Ptn upgraded Intel from a "strong sell" rating to a "hold" rating in a research note on Wednesday, September 24th. Barclays upped their price target on Intel from $19.00 to $25.00 and gave the stock an "equal weight" rating in a research note on Friday, September 19th. Weiss Ratings reiterated a "sell (d)" rating on shares of Intel in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft increased their target price on Intel from $23.00 to $30.00 and gave the company a "hold" rating in a research note on Monday, September 29th. Finally, Hsbc Global Res downgraded Intel from a "hold" rating to a "moderate sell" rating in a research note on Tuesday, October 7th. Two investment analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and seven have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and an average target price of $30.18.

Intel Stock Performance

Intel stock opened at $38.16 on Friday. 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 market capitalization of $167.03 billion, a P/E ratio of -8.00 and a beta of 1.33. The stock's 50 day moving average is $30.10 and its 200 day moving average is $24.19. Intel has a twelve month low of $17.67 and a twelve month high of $39.65.

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

Hedge Funds Weigh In On Intel

A number of institutional investors and hedge funds have recently modified their holdings of the company. Lakeshore Capital Group Inc. boosted its stake in shares of Intel by 1.4% in the 3rd quarter. Lakeshore Capital Group Inc. now owns 20,906 shares of the chip maker's stock worth $701,000 after buying an additional 279 shares during the last quarter. Investors Research Corp boosted its stake in shares of Intel by 0.7% in the 3rd quarter. Investors Research Corp now owns 40,597 shares of the chip maker's stock worth $1,362,000 after buying an additional 300 shares during the last quarter. Beaumont Financial Advisors LLC boosted its stake in shares of Intel by 1.8% in the 3rd quarter. Beaumont Financial Advisors LLC now owns 17,194 shares of the chip maker's stock worth $577,000 after buying an additional 311 shares during the last quarter. Sunflower Bank N.A. boosted its stake in shares of Intel by 1.3% in the 3rd quarter. Sunflower Bank N.A. now owns 25,252 shares of the chip maker's stock worth $847,000 after buying an additional 313 shares during the last quarter. Finally, Institute for Wealth Management LLC. boosted its stake in shares of Intel by 2.6% in the 3rd quarter. Institute for Wealth Management LLC. now owns 13,503 shares of the chip maker's stock worth $453,000 after buying an additional 342 shares during the last quarter. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

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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