Intel (NASDAQ:INTC) Stock Price Up 1.9% - What's Next?

Key Points

• Intel shares rose 1.9% to $95.53, although trading volume was about 30% below its daily average.
• Investors are focused on Intel’s upcoming October 29 earnings report, with analysts expecting roughly $16.48 billion in revenue and $0.40 in EPS. AI and data-center demand, Xeon processors, new Core Ultra products, and the Oracle partnership could support results, while options imply a potential 9.4% post-earnings move.
• Intel’s outlook remains mixed: its planned $2.3 billion Classiq acquisition could expand its quantum-computing platform, but competition from Nvidia and AMD and execution concerns remain. Analysts have a consensus “Hold” rating with an average price target of $108.23, while Rosenblatt maintains a bearish $80 target.

Shares of Intel Corporation (NASDAQ:INTC - Get Free Report) rose 1.9% during trading on Wednesday. The stock traded as high as $95.68 and last traded at $95.53. 80,300,974 shares changed hands during mid-day trading, a decline of 30% from the average daily volume of 115,382,320 shares. The stock had previously closed at $93.74.

Trending Headlines about Intel

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Quantum-computing expansion: Intel’s planned Classiq acquisition is intended to help build a full-stack quantum-computing platform, adding software capabilities to Intel’s hardware and potentially creating a long-term growth opportunity beyond traditional processors. Intel to buy quantum firm Classiq for about $2.3 billion
• Positive Sentiment: Earnings optimism: Intel is scheduled to report third-quarter results on October 29. Consensus expectations call for approximately $16.48 billion in revenue and $0.40 in earnings per share, representing significant year-over-year growth. Options activity indicates traders are positioning for an upside reaction, with an implied move of roughly 9.4%. Intel earnings preview
• Positive Sentiment: AI and data-center demand: Analysts expect higher data-center revenue, demand for Xeon processors, AI collaborations, and new Core Ultra products to support results. An expanded Oracle AI-cloud partnership has also strengthened sentiment ahead of earnings. What Is Going on With Intel Stock
• Positive Sentiment: Intel received favorable support from some analysts, including a Zacks upgrade to “strong buy” and a New Street Research upgrade to “buy.”
• Neutral Sentiment: Intel and several other technology companies objected to the proposed OKX-ICE tokenized-stock platform. The move may protect shareholder and corporate-control considerations but has limited direct earnings impact. Intel objects to tokenized stocks
• Negative Sentiment: Execution and valuation risks: Intel is still trading well below its recent highs, while Nvidia’s expanding CPU business and continued pressure from AMD threaten its recovery. Rosenblatt reiterated a “sell” rating with an $80 price target, highlighting downside risk if earnings or forward guidance disappoint.

Analyst Ratings Changes

Several equities analysts recently weighed in on INTC shares. DA Davidson increased their target price on Intel from $77.00 to $100.00 and gave the stock a "neutral" rating in a research report on Friday, July 24th. KeyCorp set a $125.00 target price on shares of Intel in a research report on Friday, July 24th. Truist Financial boosted their target price on shares of Intel from $81.00 to $108.00 and gave the company a "hold" rating in a report on Friday, July 24th. Stifel Nicolaus dropped their price target on shares of Intel from $120.00 to $110.00 and set a "hold" rating for the company in a research report on Friday, July 24th. Finally, TD Cowen cut their price target on shares of Intel from $115.00 to $95.00 and set a "hold" rating on the stock in a research note on Monday, October 19th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, twenty-six have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $108.23.

Intel Stock Performance

The company's fifty day simple moving average is $101.67 and its two-hundred day simple moving average is $85.75. The company has a market capitalization of $481.85 billion, a price-to-earnings ratio of -45.27, a price-to-earnings-growth ratio of 9.23 and a beta of 2.22. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.25 and a current ratio of 1.60.

Insider Buying and Selling

In other news, CEO Lip Bu Tan purchased 105,263 shares of the firm's stock in a transaction that occurred on Tuesday, August 11th. The stock was acquired at an average cost of $95.00 per share, for a total transaction of $9,999,985.00. Following the completion of the purchase, the chief executive officer owned 1,314,669 shares of the company's stock, valued at approximately $124,893,555. This trade represents a 8.70% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.05% of the company's stock.

Institutional Investors Weigh In On Intel

Several institutional investors and hedge funds have recently made changes to their positions in INTC. ABS Investment Management LLC bought a new position in Intel in the 2nd quarter worth approximately $694,101,000. Montgomery Financial Services LLC acquired a new position in Intel during the second quarter valued at $26,000. Knuff & Co LLC purchased a new stake in Intel in the 2nd quarter worth about $29,000. Glynn Capital Management LLC acquired a new stake in shares of Intel during the second quarter worth approximately $29,000. Finally, Beaird Harris Wealth Management LLC lifted its holdings in shares of Intel by 3,185.7% during the 2nd quarter. Beaird Harris Wealth Management LLC now owns 230 shares of the chip maker's stock valued at $32,000 after buying an additional 223 shares during the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

About Intel

Intel Corporation NASDAQ: INTC is a global semiconductor company that designs and manufactures computing and connectivity products. Its portfolio includes Intel Core processors for personal computers, Xeon processors for data centers and enterprise systems, and products for networking, edge computing, graphics, and artificial intelligence workloads.

Through Intel Foundry, the company also provides semiconductor manufacturing and technology-development services for external customers. Intel develops process technologies, advanced packaging, and other manufacturing capabilities intended to support its own products and third-party chip designs.

Founded in 1968 by Robert Noyce and Gordon Moore, Intel helped establish the modern microprocessor industry and has historically supplied processors for PCs, servers, and other computing systems.

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