Wells Fargo & Company Increases Intel (NASDAQ:INTC) Price Target to $30.00

Key Points

• Wells Fargo & Company raised its price target for Intel's stock from $22.00 to $30.00, while maintaining an "equal weight" rating.
• Despite the price increase, this target indicates a potential downside of 17.83% from Intel's previous closing price.
• Currently, two analysts have rated Intel with a Buy rating, while the average consensus target price is $28.25.

Intel (NASDAQ:INTC - Get Free Report) had its price objective boosted by equities research analysts at Wells Fargo & Company from $22.00 to $30.00 in a research report issued to clients and investors on Wednesday,MarketScreener reports. The brokerage currently has an "equal weight" rating on the chip maker's stock. Wells Fargo & Company's target price points to a potential downside of 17.83% from the stock's previous close.

Several other research analysts also recently commented on the company. HSBC reissued a "reduce" rating and issued a $24.00 target price (up from $21.25) on shares of Intel in a report on Tuesday, October 7th. Susquehanna upped their price target on shares of Intel from $22.00 to $31.00 and gave the stock a "neutral" rating in a research report on Wednesday. Seaport Res Ptn upgraded Intel from a "strong sell" rating to a "hold" rating in a research report on Wednesday, September 24th. Roth Capital restated a "neutral" rating and set a $30.00 target price on shares of Intel in a research report on Thursday, September 18th. Finally, Hsbc Global Res cut shares of Intel from a "hold" rating to a "moderate sell" rating in a research note on Tuesday, October 7th. Two investment analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and eight have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Reduce" and a consensus target price of $28.25.

Intel Stock Up 2.5%

INTC opened at $36.51 on Wednesday. The business has a 50 day moving average of $27.83 and a 200-day moving average of $23.42. Intel has a 1-year low of $17.67 and a 1-year high of $39.65. The company has a current ratio of 1.24, a quick ratio of 0.92 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $159.81 billion, a price-to-earnings ratio of -7.68 and a beta of 1.33.

Intel (NASDAQ:INTC - Get Free Report) last issued its earnings results on Thursday, July 24th. The chip maker reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.11). Intel had a negative return on equity of 3.78% and a negative net margin of 38.64%.The firm had revenue of $12.86 billion during the quarter, compared to the consensus estimate of $11.88 billion. During the same period last year, the business earned $0.02 earnings per share. The firm's revenue for the quarter was up .5% compared to the same quarter last year. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. As a group, sell-side analysts anticipate that Intel will post -0.11 earnings per share for the current year.

Institutional Trading of Intel

Several institutional investors and hedge funds have recently bought and sold shares of INTC. Wealth Enhancement Advisory Services LLC raised its position in Intel by 33.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 666,600 shares of the chip maker's stock worth $15,138,000 after acquiring an additional 168,103 shares in the last quarter. Ritholtz Wealth Management raised its stake in Intel by 31.1% in the first quarter. Ritholtz Wealth Management now owns 25,946 shares of the chip maker's stock valued at $589,000 after buying an additional 6,162 shares during the period. Sowell Financial Services LLC boosted its stake in shares of Intel by 7.5% during the 1st quarter. Sowell Financial Services LLC now owns 53,667 shares of the chip maker's stock worth $1,219,000 after acquiring an additional 3,746 shares during the period. Sagespring Wealth Partners LLC boosted its position in Intel by 86.8% during the first quarter. Sagespring Wealth Partners LLC now owns 25,116 shares of the chip maker's stock worth $570,000 after purchasing an additional 11,670 shares during the period. Finally, Grove Bank & Trust increased its holdings in shares of Intel by 60.7% in the first quarter. Grove Bank & Trust now owns 5,991 shares of the chip maker's stock valued at $136,000 after purchasing an additional 2,263 shares during 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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