Intel (NASDAQ:INTC) Price Target Raised to $45.00 at Wells Fargo & Company

Key Points

• Wells Fargo & Company has raised Intel's price target from $30.00 to $45.00, indicating a potential upside of 16.44% based on the current stock price.
• The overall analyst consensus shows two Buy ratings, twenty-four Hold ratings, and eight Sell ratings, with an average target price of $33.10.
• Despite a negative net margin, Intel reported $13.65 billion in revenue for the latest quarter, surpassing analyst expectations of $13.10 billion.

Intel (NASDAQ:INTC - Get Free Report) had its price objective hoisted by equities researchers at Wells Fargo & Company from $30.00 to $45.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has an "equal weight" rating on the chip maker's stock. Wells Fargo & Company's price objective would suggest a potential upside of 16.44% from the company's previous close.

Other equities analysts have also recently issued research reports about the stock. Erste Group Bank upgraded shares of Intel from a "sell" rating to a "hold" rating in a research note on Monday, September 22nd. Cowen reiterated a "hold" rating on shares of Intel in a research note on Friday. Weiss Ratings reissued a "sell (d)" rating on shares of Intel in a report on Wednesday, October 8th. Truist Financial increased their target price on shares of Intel from $21.00 to $39.00 and gave the stock a "hold" rating in a report on Friday. Finally, JPMorgan Chase & Co. increased their target price on shares of Intel from $21.00 to $30.00 and gave the stock an "underweight" rating in a report on Friday. Two research analysts have rated the stock with a Buy rating, twenty-four have given a Hold rating and eight have given a Sell rating to the stock. According to MarketBeat.com, Intel currently has an average rating of "Reduce" and a consensus price target of $33.10.

Intel Stock Performance

INTC traded up $0.49 during midday trading on Friday, hitting $38.65. 108,668,824 shares of the company traded hands, compared to its average volume of 103,275,656. 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 firm has a market capitalization of $169.16 billion, a PE ratio of -8.12 and a beta of 1.33. The company's 50-day moving average is $30.10 and its 200 day moving average is $24.19. Intel has a 52 week low of $17.67 and a 52 week high of $41.12.

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

Institutional Trading of Intel

Several institutional investors and hedge funds have recently made changes to their positions in INTC. Spire Wealth Management lifted its position in shares of Intel by 156.3% during the first quarter. Spire Wealth Management now owns 64,901 shares of the chip maker's stock worth $1,474,000 after purchasing an additional 39,581 shares during the last quarter. Bessemer Group Inc. increased its stake in shares of Intel by 55.8% during the first quarter. Bessemer Group Inc. now owns 98,340 shares of the chip maker's stock valued at $2,232,000 after buying an additional 35,239 shares during the period. Golden State Wealth Management LLC increased its stake in shares of Intel by 317.5% during the first quarter. Golden State Wealth Management LLC now owns 15,154 shares of the chip maker's stock valued at $344,000 after buying an additional 11,524 shares during the period. Perigon Wealth Management LLC grew its stake in Intel by 29.4% in the first quarter. Perigon Wealth Management LLC now owns 147,676 shares of the chip maker's stock valued at $3,354,000 after purchasing an additional 33,538 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its stake in Intel by 1.6% in the first quarter. Robeco Institutional Asset Management B.V. now owns 1,552,139 shares of the chip maker's stock valued at $35,249,000 after purchasing an additional 25,041 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors.

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.

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