Intel (NASDAQ:INTC) Stock Price Expected to Rise, TD Cowen Analyst Says

Key Points

• TD Cowen has raised its price target for Intel from $20.00 to $35.00, maintaining a "hold" rating, which indicates a potential downside of 10.64% from its current stock price.
• Institutional investors have been actively increasing their stakes in Intel, with significant purchases from firms such as Norges Bank and Nuveen, reflecting a growing interest in the company.
• Despite missing EPS estimates in its last earnings report, Intel achieved revenue of $12.86 billion, surpassing analyst expectations, and has provided a challenging outlook for upcoming quarters.

Intel (NASDAQ:INTC - Get Free Report) had its price objective hoisted by equities researchers at TD Cowen from $20.00 to $35.00 in a research report issued on Friday,MarketScreener reports. The brokerage currently has a "hold" rating on the chip maker's stock. TD Cowen's price objective suggests a potential downside of 10.64% from the company's current price.

A number of other research analysts also recently issued reports on INTC. Citigroup reissued a "sell" rating and set a $29.00 price objective (up from $24.00) on shares of Intel in a research report on Friday, September 19th. Sanford C. Bernstein reiterated a "neutral" rating on shares of Intel in a research report on Thursday, October 2nd. Roth Capital restated a "neutral" rating and issued a $30.00 price objective on shares of Intel in a report on Thursday, September 18th. Mizuho lifted their price objective on Intel from $22.00 to $23.00 and gave the company a "neutral" rating in a research report on Thursday, July 3rd. Finally, Stifel Nicolaus increased their target price on Intel from $21.00 to $24.50 and gave the stock a "hold" rating in a research report on Monday, July 21st. Two analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and seven have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus price target of $26.63.

Intel Stock Up 3.6%

NASDAQ INTC opened at $39.17 on Friday. Intel has a 1 year low of $17.67 and a 1 year high of $38.68. The stock has a market capitalization of $171.43 billion, a PE ratio of -8.18 and a beta of 1.33. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.24 and a quick ratio of 0.92. The business's 50-day moving average is $26.82 and its 200 day moving average is $23.16.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly 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). The business had revenue of $12.86 billion for the quarter, compared to the consensus estimate 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 period in the previous year, the company earned $0.02 EPS. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. Sell-side analysts forecast that Intel will post -0.11 earnings per share for the current year.

Hedge Funds Weigh In On Intel

Institutional investors and hedge funds have recently modified their holdings of the stock. Norges Bank bought a new position in Intel in the 2nd quarter worth about $1,579,378,000. Nuveen LLC purchased a new position in Intel in the first quarter worth about $538,430,000. Kingstone Capital Partners Texas LLC bought a new position in shares of Intel in the second quarter worth approximately $345,245,000. Price T Rowe Associates Inc. MD grew its holdings in shares of Intel by 99.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 29,829,385 shares of the chip maker's stock valued at $677,426,000 after buying an additional 14,901,457 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of Intel by 133.3% during the first quarter. Goldman Sachs Group Inc. now owns 18,758,658 shares of the chip maker's stock valued at $426,009,000 after acquiring an additional 10,719,274 shares in the last quarter. 64.53% of the stock is currently owned by 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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