Morgan Stanley Increases Intel (NASDAQ:INTC) Price Target to $36.00

Key Points

• Morgan Stanley has raised its price target for Intel (NASDAQ: INTC) from $23.00 to $36.00, maintaining an "equal weight" rating despite indicating a potential downside from the current stock price.
• Intel recently reported a loss of ($0.10) earnings per share (EPS) for the last quarter, falling short of analysts' expectations, even as its revenue increased by 0.5% year-over-year.
• Institutional investors now own approximately 64.53% of Intel's stock, with Norges Bank making a significant new investment of about $1.58 billion in the company.

Intel (NASDAQ:INTC - Get Free Report) had its price objective hoisted by equities researchers at Morgan Stanley from $23.00 to $36.00 in a research note issued on Monday,MarketScreener reports. The firm presently has an "equal weight" rating on the chip maker's stock. Morgan Stanley's price objective indicates a potential downside of 5.45% from the stock's previous close.

INTC has been the subject of a number of other research reports. Citigroup restated a "sell" rating and issued a $29.00 price objective (up previously from $24.00) on shares of Intel in a research note on Friday, September 19th. Erste Group Bank raised Intel from a "sell" rating to a "hold" rating in a research report on Monday, September 22nd. Loop Capital began coverage on Intel in a research note on Monday, July 21st. They set a "hold" rating and a $25.00 price target for the company. Weiss Ratings reiterated a "sell (d)" rating on shares of Intel in a research report on Wednesday, October 8th. Finally, Rosenblatt Securities restated a "sell" rating and set a $14.00 price target on shares of Intel in a research note on Friday, July 25th. Two equities research analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and seven have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Reduce" and a consensus target price of $29.22.

Intel Price Performance

Intel stock opened at $38.07 on Monday. Intel has a one year low of $17.67 and a one year high of $39.65. The stock's fifty day moving average price is $28.85 and its two-hundred day moving average price is $23.74. 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 firm has a market cap of $166.65 billion, a PE ratio of -7.97 and a beta of 1.33.

Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The chip maker reported ($0.10) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.01 by ($0.11). The firm had revenue of $12.86 billion during 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 for the quarter was up .5% on a year-over-year basis. During the same quarter last year, the firm posted $0.02 EPS. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. As a group, research analysts expect that Intel will post -0.11 EPS for the current fiscal year.

Hedge Funds Weigh In On Intel

Institutional investors and hedge funds have recently made changes to their positions in the business. Norges Bank bought a new position in shares of Intel in the second quarter worth approximately $1,579,378,000. Nuveen LLC bought a new position in shares of Intel during the first quarter valued at about $538,430,000. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Intel during the second quarter worth about $345,245,000. Price T Rowe Associates Inc. MD grew its stake in shares of Intel by 99.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 29,829,385 shares of the chip maker's stock worth $677,426,000 after purchasing an additional 14,901,457 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings 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. Institutional investors own 64.53% of the company's stock.

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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