Intel (NASDAQ:INTC) Sets New 12-Month High After Analyst Upgrade

Key Points

• Intel's stock hit a new 12-month high of $39.65 after TD Cowen raised its price target from $20.00 to $35.00, although it currently holds a "hold" rating.
• Institutional investors now own over 64% of Intel's stock, with multiple investors increasing their stakes substantially in recent quarters.
• In its latest earnings report, Intel reported ($0.10) earnings per share, missing estimates, but its revenue of $12.86 billion surpassed expectations.

Shares of Intel Corporation (NASDAQ:INTC - Get Free Report) reached a new 52-week high during mid-day trading on Friday after TD Cowen raised their price target on the stock from $20.00 to $35.00. TD Cowen currently has a hold rating on the stock. Intel traded as high as $39.65 and last traded at $38.78, with a volume of 31396363 shares trading hands. The stock had previously closed at $37.80.

Several other equities analysts have also recently weighed in on the company. Weiss Ratings reissued a "sell (d)" rating on shares of Intel in a report on Wednesday. Roth Capital reissued a "neutral" rating and set a $30.00 price target on shares of Intel in a report on Thursday, September 18th. New Street Research increased their price target on Intel from $23.00 to $32.00 in a report on Friday, September 19th. Hsbc Global Res cut Intel from a "hold" rating to a "moderate sell" rating in a report on Tuesday. Finally, Needham & Company LLC reissued a "hold" rating on shares of Intel in a report on Friday, July 25th. 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 company's stock. According to MarketBeat.com, Intel currently has a consensus rating of "Reduce" and an average price target of $26.63.

Hedge Funds Weigh In On Intel

A number of institutional investors have recently bought and sold shares of INTC. Westbourne Investments Inc. increased its stake in Intel by 319.4% in the 1st quarter. Westbourne Investments Inc. now owns 71,425 shares of the chip maker's stock worth $1,622,000 after buying an additional 54,395 shares in the last quarter. LBP AM SA increased its stake in Intel by 1.8% in the 2nd quarter. LBP AM SA now owns 734,813 shares of the chip maker's stock worth $16,460,000 after buying an additional 13,248 shares in the last quarter. Lockerman Financial Group Inc. purchased a new stake in Intel in the 2nd quarter worth $237,000. KLP Kapitalforvaltning AS increased its stake in Intel by 6.4% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 1,558,908 shares of the chip maker's stock worth $34,920,000 after buying an additional 93,900 shares in the last quarter. Finally, Swedbank AB increased its stake in Intel by 5.0% in the 2nd quarter. Swedbank AB now owns 9,467,128 shares of the chip maker's stock worth $212,064,000 after buying an additional 454,234 shares in the last quarter. 64.53% of the stock is owned by institutional investors.

Intel Price Performance

The company has a current ratio of 1.24, a quick ratio of 0.92 and a debt-to-equity ratio of 0.42. The firm has a market cap of $170.88 billion, a PE ratio of -8.14 and a beta of 1.33. The stock has a 50 day simple moving average of $26.82 and a 200-day simple moving average of $23.16.

Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The chip maker reported ($0.10) earnings per share for the quarter, missing analysts' consensus estimates of $0.01 by ($0.11). The firm had revenue of $12.86 billion for the quarter, compared to analysts' expectations of $11.88 billion. Intel had a negative net margin of 38.64% and a negative return on equity of 3.78%. The company's revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.02 EPS. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. Equities analysts anticipate that Intel Corporation will post -0.11 earnings per share for the current fiscal 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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