Truist Financial Boosts Intel (NASDAQ:INTC) Price Target to $39.00

Key Points

• Truist Financial has raised its price target for Intel (NASDAQ: INTC) stock from $21.00 to $39.00, while maintaining a "hold" rating, indicating a potential downside of 2.84% from the previous close.
• Several other brokerages have also increased their price targets for Intel, with a consensus rating of "Reduce" and an average target price of $32.54.
• Intel's stock has recently shown positive momentum, opening at $40.14 and reaching a one-year high of $40.25, supported by an earnings report that exceeded revenue expectations.

Intel (NASDAQ:INTC - Get Free Report) had its target price raised by analysts at Truist Financial from $21.00 to $39.00 in a report issued on Friday,MarketScreener reports. The firm currently has a "hold" rating on the chip maker's stock. Truist Financial's price target indicates a potential downside of 2.84% from the company's previous close.

A number of other brokerages also recently commented on INTC. Stifel Nicolaus lifted their price objective on Intel from $21.00 to $24.50 and gave the company a "hold" rating in a research report on Monday, July 21st. TD Cowen lifted their target price on Intel from $35.00 to $38.00 and gave the company a "hold" rating in a report on Friday. Cantor Fitzgerald raised their price objective on Intel from $36.00 to $40.00 and gave the stock a "neutral" rating in a report on Monday. Northland Securities lifted their price target on shares of Intel from $28.00 to $42.00 in a research report on Friday, September 19th. Finally, Wedbush raised their target price on shares of Intel from $19.00 to $20.00 and gave the company a "neutral" rating in a research note on Wednesday. Two equities research analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and eight have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Reduce" and an average target price of $32.54.

Intel Stock Up 5.2%

INTC opened at $40.14 on Friday. The business's 50-day simple moving average is $30.10 and its 200-day simple moving average is $24.19. Intel has a one year low of $17.67 and a one year high of $40.25. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.92 and a current ratio of 1.24. The stock has a market capitalization of $175.70 billion, a P/E ratio of -8.47 and a beta of 1.33.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings data on Thursday, October 23rd. The chip maker reported $0.23 earnings per share for the quarter. The company had revenue of $13.65 billion for the quarter, compared to analyst estimates of $13.10 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 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.46) EPS. Intel has set its Q4 2025 guidance at 0.080-0.080 EPS. Analysts anticipate that Intel will post -0.11 EPS for the current year.

Institutional Trading of Intel

Several institutional investors have recently modified their holdings of INTC. Westbourne Investments Inc. grew its holdings in shares of Intel by 319.4% in the 1st quarter. Westbourne Investments Inc. now owns 71,425 shares of the chip maker's stock worth $1,622,000 after acquiring an additional 54,395 shares during the last quarter. Pacific Wealth Management acquired a new stake in shares of Intel in the second quarter worth $1,593,000. First Bancorp Inc ME purchased a new stake in Intel in the 2nd quarter worth about $207,000. KLP Kapitalforvaltning AS grew its stake in Intel by 6.4% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 1,558,908 shares of the chip maker's stock valued at $34,920,000 after acquiring an additional 93,900 shares in the last quarter. Finally, LBP AM SA boosted its position in Intel by 1.8% during the second quarter. LBP AM SA now owns 734,813 shares of the chip maker's stock valued at $16,460,000 after purchasing an additional 13,248 shares during the last quarter. Institutional investors and hedge funds 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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