Intel (NASDAQ:INTC) Trading Up 2.9% Following Analyst Upgrade

Key Points

• Intel's stock price rose by 2.9% after Cantor Fitzgerald raised its price target from $36.00 to $40.00, maintaining a neutral rating.
• Institutional investors hold a significant stake in Intel, with 64.53% of the company's stock owned by entities such as Vanguard Group and State Street Corp.
• Despite a revenue increase of 0.5% year-over-year, Intel reported a loss of ($0.10) earnings per share for the last quarter, missing analysts' expectations.

Intel Corporation (NASDAQ:INTC - Get Free Report)'s stock price was up 2.9% during mid-day trading on Monday after Cantor Fitzgerald raised their price target on the stock from $36.00 to $40.00. Cantor Fitzgerald currently has a neutral rating on the stock. Intel traded as high as $38.52 and last traded at $38.10. Approximately 79,702,047 shares were traded during mid-day trading, a decline of 23% from the average daily volume of 103,442,000 shares. The stock had previously closed at $37.01.

INTC has been the topic of several other reports. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Intel from $23.00 to $30.00 and gave the stock a "hold" rating in a research report on Monday, September 29th. Roth Capital reaffirmed a "neutral" rating and set a $30.00 target price on shares of Intel in a research report on Thursday, September 18th. Sanford C. Bernstein reaffirmed a "neutral" rating on shares of Intel in a research report on Thursday, October 2nd. Rosenblatt Securities restated a "sell" rating and issued a $14.00 target price on shares of Intel in a research note on Friday, July 25th. Finally, DZ Bank restated a "sell" rating on shares of Intel in a research note on Friday, September 19th. Two research analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and seven have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Reduce" and an average target price of $29.22.

Institutional Investors Weigh In On Intel

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Intel by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 385,903,735 shares of the chip maker's stock valued at $8,644,244,000 after acquiring an additional 8,513,298 shares in the last quarter. State Street Corp increased its position in shares of Intel by 1.6% during the 2nd quarter. State Street Corp now owns 203,617,629 shares of the chip maker's stock worth $4,561,035,000 after purchasing an additional 3,168,824 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Intel by 1.8% during the 2nd quarter. Geode Capital Management LLC now owns 97,563,079 shares of the chip maker's stock worth $2,174,854,000 after purchasing an additional 1,760,773 shares during the last quarter. Primecap Management Co. CA increased its position in shares of Intel by 4.3% during the 2nd quarter. Primecap Management Co. CA now owns 80,298,180 shares of the chip maker's stock worth $1,798,679,000 after purchasing an additional 3,313,890 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Intel during the 2nd quarter worth approximately $1,579,378,000. Institutional investors own 64.53% of the company's stock.

Intel Price Performance

The stock has a market cap of $166.76 billion, a price-to-earnings ratio of -7.99 and a beta of 1.33. The company has a 50-day simple moving average of $28.85 and a two-hundred day simple moving average of $23.74. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.92 and a current ratio of 1.24.

Intel (NASDAQ:INTC - Get Free Report) last posted its earnings results 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 business had revenue of $12.86 billion for the quarter, compared to analyst estimates of $11.88 billion. Intel had a negative return on equity of 3.78% and a negative net margin of 38.64%.The firm's revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.02 earnings per share. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. As a group, equities research analysts forecast that Intel Corporation will post -0.11 EPS for the current year.

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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