Shares of Intel Corporation (NASDAQ:INTC - Get Free Report) were up 4.3% on Wednesday after Wells Fargo & Company raised their price target on the stock from $22.00 to $30.00. Wells Fargo & Company currently has an equal weight rating on the stock. Intel traded as high as $37.49 and last traded at $37.15. Approximately 98,455,928 shares changed hands during trading, a decline of 5% from the average daily volume of 103,582,859 shares. The stock had previously closed at $35.63.
INTC has been the subject of a number of other research reports. Northland Securities lifted their price target on Intel from $28.00 to $42.00 in a research report on Friday, September 19th. Bank of America restated an "underperform" rating and issued a $34.00 price objective on shares of Intel in a research note on Monday. UBS Group raised their price objective on Intel from $35.00 to $40.00 and gave the stock a "neutral" rating in a research note on Monday, October 6th. Erste Group Bank upgraded Intel from a "sell" rating to a "hold" rating in a research note on Monday, September 22nd. Finally, Sanford C. Bernstein restated a "neutral" rating on shares of Intel in a research note on Thursday, October 2nd. Two investment analysts have rated the stock with a Buy rating, twenty-two have assigned a Hold rating and eight have given a Sell rating to the company. According to MarketBeat, Intel presently has an average rating of "Reduce" and an average target price of $28.25.
Check Out Our Latest Report on INTC
Hedge Funds Weigh In On Intel
Several institutional investors and hedge funds have recently modified their holdings of the stock. Westbourne Investments Inc. raised its holdings 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 purchasing an additional 54,395 shares during the period. KLP Kapitalforvaltning AS raised its holdings in shares of Intel by 6.4% during the second quarter. KLP Kapitalforvaltning AS now owns 1,558,908 shares of the chip maker's stock valued at $34,920,000 after acquiring an additional 93,900 shares during the last quarter. LBP AM SA raised its holdings in shares of Intel by 1.8% during the second quarter. LBP AM SA now owns 734,813 shares of the chip maker's stock valued at $16,460,000 after acquiring an additional 13,248 shares during the last quarter. Lockerman Financial Group Inc. acquired a new position in shares of Intel during the second quarter valued at approximately $237,000. Finally, IFP Advisors Inc boosted its stake in Intel by 13.1% during the 2nd quarter. IFP Advisors Inc now owns 167,061 shares of the chip maker's stock worth $3,742,000 after purchasing an additional 19,306 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company's stock.
Intel Stock Performance
The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.92 and a current ratio of 1.24. The firm's 50 day simple moving average is $27.83 and its 200-day simple moving average is $23.42. The company has a market cap of $162.61 billion, a price-to-earnings ratio of -7.79 and a beta of 1.33.
Intel (NASDAQ:INTC - Get Free Report) last announced its earnings results on Thursday, July 24th. The chip maker reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.11). Intel had a negative return on equity of 3.78% and a negative net margin of 38.64%.The business had revenue of $12.86 billion for the quarter, compared to analyst estimates of $11.88 billion. During the same period last year, the firm earned $0.02 EPS. The company's revenue for the quarter was up .5% compared to the same quarter last year. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. On average, sell-side analysts predict that Intel Corporation will post -0.11 EPS for the current year.
Intel Company Profile
(
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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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