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

Intel Corporation (NASDAQ:INTC) shot up 4% on Monday after Zacks Research upgraded the stock from a hold rating to a strong-buy rating. The stock traded as high as $92.09 and last traded at $90.47. 97,785,725 shares traded hands during mid-day trading, a decline of 16% from the average daily volume of 115,740,617 shares. The stock had previously closed at $86.96.

Several other brokerages have also recently issued reports on INTC. Seaport Research Partners restated a “buy” rating and issued a $125.00 price objective on shares of Intel in a research note on Friday, July 24th. KeyCorp set a $125.00 target price on Intel in a research report on Friday, July 24th. HSBC reiterated a “buy” rating on shares of Intel in a research report on Friday, July 24th. Citigroup began coverage on shares of Intel in a report on Monday, October 19th. They issued an “outperform” rating on the stock. Finally, Robert W. Baird raised their price target on shares of Intel from $75.00 to $125.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, twenty-six have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Intel currently has an average rating of “Hold” and a consensus price target of $108.23.

Insider Buying and Selling

In related news, CEO Lip Bu Tan purchased 105,263 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The shares were purchased at an average price of $95.00 per share, with a total value of $9,999,985.00. Following the purchase, the chief executive officer owned 1,314,669 shares of the company’s stock, valued at $124,893,555. The trade was a 8.70% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.05% of the company’s stock.

More Intel News

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.

Institutional Investors Weigh In On Intel

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

Intel Stock Performance

The company has a debt-to-equity ratio of 0.47, a current ratio of 1.60 and a quick ratio of 1.25. The stock has a market cap of $481.85 billion, a price-to-earnings ratio of -45.27, a PEG ratio of 9.23 and a beta of 2.22. The firm has a fifty day moving average of $101.67 and a 200 day moving average of $85.75.

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.