Intel (NASDAQ:INTC) Trading Up 13.9% - Here's What Happened

Key Points

• Intel shares jumped 13.9% after reports that Intel and Apple have reached a preliminary chip-making agreement, which could be a major win for Intel’s foundry business.
• Investor enthusiasm was also lifted by broader optimism around the AI chip cycle, with commentary suggesting demand is expanding beyond Nvidia to CPUs and memory, potentially benefiting Intel.
• Despite the surge, some analysts warned the stock may be technically extended and overvalued, raising the risk of a pullback if expectations become too stretched.

Intel Corporation (NASDAQ:INTC - Get Free Report) shot up 13.9% on Friday . The stock traded as high as $130.57 and last traded at $124.8150. 222,660,836 shares were traded during trading, an increase of 88% from the average session volume of 118,219,328 shares. The stock had previously closed at $109.62.

Trending Headlines about Intel

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Reports that Intel and Apple have reached a preliminary agreement for Intel to manufacture chips for Apple devices, a major potential customer win for Intel’s foundry business. Article Title
• Positive Sentiment: Wall Street commentary suggesting the AI cycle is broadening from Nvidia to CPUs and memory, with Intel positioned to benefit as demand for server and AI-related processors rises. Article Title
• Positive Sentiment: Analysts at Erste Group raised Intel’s earnings estimates for FY2026 and FY2027, adding to the view that the turnaround is starting to improve profitability expectations.
• Positive Sentiment: Additional coverage emphasized Intel’s strong recent momentum, turnaround progress, and improving AI/foundry narrative, which has helped fuel the stock’s rally. Article Title
• Neutral Sentiment: Some analysts and media outlets warned the stock’s rapid run-up has made it technically extended and vulnerable to a pullback if expectations get too stretched. Article Title
• Negative Sentiment: Bearish commentary argued that Intel’s rally may be overdone and that valuation looks frothy after the stock’s explosive move, creating risk of a sharp reversal. Article Title

Analysts Set New Price Targets

A number of equities analysts have issued reports on INTC shares. Needham & Company LLC reiterated a "hold" rating on shares of Intel in a report on Friday, January 23rd. Northland Securities boosted their target price on shares of Intel from $54.00 to $92.00 and gave the company an "outperform" rating in a report on Monday, April 13th. JPMorgan Chase & Co. increased their price target on shares of Intel from $35.00 to $45.00 and gave the stock an "underweight" rating in a research note on Friday, April 24th. TD Cowen lifted their price target on shares of Intel from $60.00 to $75.00 and gave the company a "hold" rating in a research report on Friday, April 24th. Finally, UBS Group set a $51.00 price objective on shares of Intel in a research note on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twenty-five have issued a Hold rating and four have assigned a Sell rating to the company's stock. According to data from MarketBeat, Intel has an average rating of "Hold" and an average target price of $75.64.

Intel Trading Up 13.9%

The firm's 50 day moving average price is $58.56 and its 200-day moving average price is $47.46. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.31 and a quick ratio of 1.85. The stock has a market cap of $627.32 billion, a P/E ratio of -201.31 and a beta of 2.18.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings results on Thursday, April 23rd. The chip maker reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.28. The company had revenue of $13.58 billion during the quarter, compared to the consensus estimate of $12.32 billion. Intel had a negative net margin of 5.90% and a positive return on equity of 0.39%. The firm's quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.13 earnings per share. Intel has set its Q2 2026 guidance at 0.200-0.200 EPS. As a group, equities research analysts forecast that Intel Corporation will post 0.63 earnings per share for the current year.

Insider Activity

In other news, EVP Boise April Miller sold 40,256 shares of the company's stock in a transaction on Friday, May 1st. The stock was sold at an average price of $99.53, for a total transaction of $4,006,679.68. Following the transaction, the executive vice president directly owned 105,077 shares of the company's stock, valued at $10,458,313.81. This represents a 27.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.05% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Intel

Several hedge funds and other institutional investors have recently bought and sold shares of INTC. Financially Speaking Inc lifted its position in Intel by 69.2% during the fourth quarter. Financially Speaking Inc now owns 682 shares of the chip maker's stock valued at $25,000 after purchasing an additional 279 shares during the period. Financial Life Planners purchased a new stake in Intel during the 1st quarter valued at $25,000. Legacy Bridge LLC bought a new position in shares of Intel during the 4th quarter valued at $26,000. Corundum Trust Company INC purchased a new position in shares of Intel in the 3rd quarter worth $29,000. Finally, Raleigh Capital Management Inc. purchased a new position in shares of Intel in the 4th quarter worth $29,000. Institutional investors own 64.53% of the company's stock.

About Intel

Intel Corporation, founded in 1968 by Robert Noyce and Gordon E. Moore and headquartered in Santa Clara, California, is a leading global designer and manufacturer of semiconductor products. The company is historically notable for introducing the first commercial microprocessor and for driving the x86 architecture that underpins many personal computers and servers. Intel's core business spans the design, fabrication and marketing of processors, chipsets and related components for a wide range of computing applications.

Intel's product portfolio includes client and mobile processors marketed under brands such as Intel Core and Pentium, as well as high-performance Xeon processors for data centers and cloud infrastructure.

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