Intel (NASDAQ:INTC) Shares Gap Up After Analyst Upgrade

Intel Corporation (NASDAQ:INTC)’s share price gapped up before the market opened on Thursday after Citigroup upgraded the stock from a buy rating to a buy rating. The stock had previously closed at $107.04, but opened at $113.52. Intel shares last traded at $118.0960, with a volume of 33,765,788 shares trading hands.

INTC has been the topic of several other reports. Freedom Capital raised shares of Intel from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 28th. Cantor Fitzgerald upped their price objective on shares of Intel from $65.00 to $90.00 and gave the company a “neutral” rating in a report on Friday, April 24th. DZ Bank raised shares of Intel from a “sell” rating to a “neutral” rating in a research report on Friday, April 24th. Morgan Stanley raised their target price on Intel from $56.00 to $73.00 and gave the company an “equal weight” rating in a research note on Friday, April 24th. Finally, Melius Research set a $150.00 target price on Intel in a research report on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty-seven have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Intel presently has an average rating of “Hold” and an average target price of $85.98.

Insider Buying and Selling at Intel

In related news, EVP Boise April Miller sold 40,256 shares of the firm’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $99.53, for a total value of $4,006,679.68. Following the transaction, the executive vice president owned 105,077 shares of the company’s stock, valued at approximately $10,458,313.81. This trade represents a 27.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.05% of the stock is owned by corporate insiders.

Key Stories Impacting Intel

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Bank of America said Intel is better positioned to benefit from rising demand for CPUs tied to agentic AI, helping improve the company’s growth outlook. Intel stock jumps on BofA upgrade as AI demand fuels growth outlook
• Positive Sentiment: Bank of America also highlighted greater confidence in Intel’s server CPU opportunity and its foundry business, which could expand long-term revenue beyond traditional chip sales. Intel rallies as BofA double-upgrades stock on increased CPU, foundry visibility
• Positive Sentiment: Intel was also boosted by reports that Google may place a major AI chip order with Intel, reinforcing investor optimism around its foundry turnaround and AI manufacturing prospects. Intel Gains as Google Reportedly Eyes Major AI Chip Order
• Positive Sentiment: Recent analysis also argued that Intel’s foundry pivot is gaining credibility with hyperscale customers, which could create a more visible multiyear revenue pipeline. The Case for Intel Over Pure-Play Quantum Firms
• Neutral Sentiment: Intel has been the subject of a broad wave of analyst commentary and target changes, keeping the stock in focus but also adding volatility around valuation. Intel To Rally Around 26%? Here Are 10 Top Analyst Forecasts For Thursday
• Negative Sentiment: Some recent market coverage noted that Intel had been pressured by a tech selloff and profit-taking, showing that macro weakness can still weigh on the shares despite improving fundamentals. Why Is Intel Stock Sliding On Wednesday?

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of INTC. Financially Speaking Inc raised its position in Intel by 69.2% in the 4th quarter. Financially Speaking Inc now owns 682 shares of the chip maker’s stock valued at $25,000 after buying an additional 279 shares during the last quarter. Financial Life Planners purchased a new position in Intel during the 1st quarter worth $25,000. Legacy Bridge LLC bought a new stake in shares of Intel in the 4th quarter worth $26,000. Raleigh Capital Management Inc. purchased a new stake in shares of Intel in the fourth quarter valued at about $29,000. Finally, Swiss RE Ltd. bought a new position in shares of Intel during the fourth quarter valued at about $29,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Stock Performance

The company’s 50 day simple moving average is $92.19 and its 200 day simple moving average is $60.54. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.85 and a current ratio of 2.31. The stock has a market cap of $577.76 billion, a PE ratio of -185.55 and a beta of 2.21.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, April 23rd. The chip maker reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.28. The company had revenue of $13.58 billion during the quarter, compared to analyst estimates of $12.32 billion. Intel had a positive return on equity of 0.39% and a negative net margin of 5.90%.Intel’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.13 earnings per share. Intel has set its Q2 2026 guidance at 0.200-0.200 EPS. Analysts expect that Intel Corporation will post 0.63 earnings per share for the current year.

Intel Company Profile

Intel Corporation, founded in 1968 by Robert Noyce and Gordon E. Moore and headquartered in Santa Clara, California, is a leading global designer and manufacturer of semiconductor products. The company is historically notable for introducing the first commercial microprocessor and for driving the x86 architecture that underpins many personal computers and servers. Intel’s core business spans the design, fabrication and marketing of processors, chipsets and related components for a wide range of computing applications.

Intel’s product portfolio includes client and mobile processors marketed under brands such as Intel Core and Pentium, as well as high-performance Xeon processors for data centers and cloud infrastructure.