Intel (NASDAQ:INTC) Sets New 52-Week High - Still a Buy?

Key Points

• Intel Corporation reached a new 52-week high, trading at $36.40, with significant trading volume of over 27 million shares.
• Several analysts have updated their ratings, with Benchmark upgrading Intel to a "buy" rating and setting a target price of $43.00, while others maintain "sell" and "hold" ratings.
• Institutional investors continue to increase their stakes in Intel, with notable firms like Vanguard Group and State Street Corp boosting their positions during the second quarter.

Intel Corporation (NASDAQ:INTC - Get Free Report) reached a new 52-week high on Thursday . The stock traded as high as $36.40 and last traded at $35.92, with a volume of 27518351 shares trading hands. The stock had previously closed at $35.94.

Analysts Set New Price Targets

A number of brokerages have commented on INTC. Citigroup reiterated a "sell" rating and set a $29.00 target price (up previously from $24.00) on shares of Intel in a report on Friday, September 19th. Erste Group Bank upgraded Intel from a "sell" rating to a "hold" rating in a report on Monday, September 22nd. Wall Street Zen upgraded Intel from a "sell" rating to a "hold" rating in a report on Saturday, September 13th. Loop Capital initiated coverage on Intel in a report on Monday, July 21st. They set a "hold" rating and a $25.00 price objective on the stock. Finally, Benchmark upgraded Intel from a "hold" rating to a "buy" rating and set a $43.00 price objective on the stock in a report on Friday, September 19th. Two analysts have rated the stock with a Buy rating, twenty-four have given a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Reduce" and a consensus target price of $26.19.

Intel Stock Up 0.8%

The firm has a market capitalization of $158.55 billion, a price-to-earnings ratio of -7.60 and a beta of 1.33. The stock has a 50 day moving average of $24.85 and a 200 day moving average of $22.64. The company has a quick ratio of 0.92, a current ratio of 1.24 and a debt-to-equity ratio of 0.42.

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

Hedge Funds Weigh In On Intel

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Intel by 2.3% during the second quarter. Vanguard Group Inc. now owns 385,903,735 shares of the chip maker's stock worth $8,644,244,000 after buying an additional 8,513,298 shares during the period. State Street Corp boosted its position in shares of Intel by 1.6% during the second quarter. State Street Corp now owns 203,617,629 shares of the chip maker's stock worth $4,561,035,000 after buying an additional 3,168,824 shares during the period. Geode Capital Management LLC boosted its position in shares of Intel by 1.8% during the second quarter. Geode Capital Management LLC now owns 97,563,079 shares of the chip maker's stock worth $2,174,854,000 after buying an additional 1,760,773 shares during the period. Primecap Management Co. CA boosted its position in shares of Intel by 4.3% during the second quarter. Primecap Management Co. CA now owns 80,298,180 shares of the chip maker's stock worth $1,798,679,000 after buying an additional 3,313,890 shares during the period. Finally, Norges Bank acquired a new position in shares of Intel during the second quarter worth approximately $1,579,378,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

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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