Intel (NASDAQ:INTC) Stock Price Up 4% After Analyst Upgrade

Key Points

• Intel shares rose 4% after Barclays upgraded the stock from Underperform to Overweight, reaching $104.42 intraday. The consensus analyst rating remains “Hold,” with an average price target of $108.49.
• CEO Lip-Bu Tan purchased 105,263 Intel shares for approximately $10 million, increasing his holdings by 8.7%; insiders collectively own 0.05% of the company.
• Investor optimism is also tied to potential strategic developments, including an SK Hynix partnership for Intel’s Ohio fab, an improved price target based on AI and manufacturing plans, and a confidential Altera IPO filing—though the SK Hynix deal remains unconfirmed.

Intel Corporation (NASDAQ:INTC - Get Free Report)'s stock price shot up 4% during mid-day trading on Wednesday after Barclays upgraded the stock from an underperform rating to an overweight rating. The stock traded as high as $104.42 and last traded at $101.05. 117,643,414 shares traded hands during trading, an increase of 0% from the average daily volume of 117,164,531 shares. The stock had previously closed at $97.14.

INTC has been the subject of a number of other reports. Cantor Fitzgerald cut their price objective on Intel from $150.00 to $125.00 and set a "neutral" rating for the company in a report on Friday, July 24th. Needham & Company LLC restated a "hold" rating on shares of Intel in a research report on Friday, July 24th. HSBC restated a "buy" rating on shares of Intel in a research report on Friday, July 24th. Seaport Research Partners reiterated a "buy" rating and set a $125.00 price target on shares of Intel in a research report on Friday, July 24th. Finally, Mizuho decreased their price target on shares of Intel from $109.00 to $92.00 and set a "neutral" rating on the stock in a research note on Friday, September 4th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, twenty-seven have assigned a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $108.49.

Insider Activity

In other news, CEO Lip Bu Tan acquired 105,263 shares of the stock in a transaction dated Tuesday, August 11th. The stock was purchased at an average cost of $95.00 per share, with a total value of $9,999,985.00. Following the completion of the purchase, the chief executive officer owned 1,314,669 shares in the company, valued at approximately $124,893,555. The trade was a 8.70% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.05% of the company's stock.

Intel News Roundup

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Potential SK Hynix partnership: Reuters reported that SK Hynix is considering leasing part of Intel’s Ohio fab or forming a joint venture to produce memory chips in the United States. Investors view the discussions as a potential way for Intel to monetize its Ohio investment, attract meaningful external manufacturing volume and expand beyond its traditional CPU business. Reuters article
• Positive Sentiment: Turnaround optimism and analyst support: Tigress Financial raised its Intel price target from $118 to $145 and reiterated a Buy rating, citing the company’s Terafab manufacturing plans, AI growth opportunities and recent earnings performance. Commentary also highlighted CEO-led financing and efforts to address manufacturing and AI bottlenecks. Benzinga analyst article
• Positive Sentiment: Altera IPO progress: Intel-backed Altera filed confidentially for a proposed public offering. Intel is expected to retain a 49% stake, potentially creating a clearer market value for the FPGA business and supporting Intel’s broader restructuring and foundry expansion plans. Yahoo Finance Altera IPO article
• Neutral Sentiment: Deal remains uncertain: SK Hynix said no specific arrangement has been confirmed, meaning the reported partnership could still fail to materialize. Investors will likely focus on the final structure, timing, capital requirements and whether Intel can execute on its delayed Ohio fab.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Financially Speaking Inc raised its holdings in shares of 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 acquiring an additional 279 shares in the last quarter. Financial Life Planners purchased a new position in Intel during the 1st quarter valued at $25,000. Montgomery Financial Services LLC purchased a new position in Intel during the 2nd quarter valued at $26,000. Glynn Capital Management LLC bought a new position in Intel in the 2nd quarter worth $29,000. Finally, Knuff & Co LLC bought a new position in Intel in the 2nd quarter worth $29,000. Institutional investors own 64.53% of the company's stock.

Intel Stock Performance

The company's 50-day moving average price is $97.10 and its 200 day moving average price is $90.93. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.25 and a current ratio of 1.60. The stock has a market capitalization of $509.70 billion, a PE ratio of -47.89, a PEG ratio of 10.37 and a beta of 2.22.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The chip maker reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.21. Intel had a negative net margin of 19.79% and a positive return on equity of 2.62%. The company had revenue of $16.13 billion for the quarter, compared to analysts' expectations of $14.43 billion. During the same quarter in the previous year, the company earned ($0.10) earnings per share. Intel's quarterly revenue was up 25.2% on a year-over-year basis. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. On average, equities research analysts expect that Intel Corporation will post 1.04 earnings per share for the current fiscal year.

About Intel

Intel Corporation NASDAQ: INTC is a global semiconductor company that designs and manufactures computing and communications products. Its portfolio includes Intel Core processors for personal computers, Xeon processors for data centers and enterprise systems, and products for edge computing, networking, and other specialized applications.

Intel also develops graphics processing units under its Intel Arc and Intel Data Center GPU brands, Gaudi artificial intelligence accelerators, Ethernet products, software, and related platform technologies.

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