Intel (NASDAQ:INTC) Trading 2.1% Higher – Time to Buy?

Intel Corporation (NASDAQ:INTC) rose 2.1% during trading on Thursday . The company traded as high as $116.77 and last traded at $112.54. Approximately 98,709,581 shares traded hands during mid-day trading, a decline of 19% from the average session volume of 121,560,453 shares. The stock had previously closed at $110.24.

Intel News Summary

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Chip stocks are rebounding broadly after a heavy selloff, with Intel moving up alongside AMD and Broadcom as investors buy the dip in AI hardware names.
• Positive Sentiment: HSBC reiterated a very bullish view on Intel, reportedly setting a Street-high $200 price target and pointing to upside from the company’s foundry business and AI server CPUs. Article Title
• Positive Sentiment: Several articles highlighted Intel’s recent revenue beats, strong server CPU pricing, and progress on its 18A manufacturing node, which continue to support the turnaround narrative. Article Title

Wall Street Analyst Weigh In

INTC has been the topic of a number of analyst reports. BTIG Research upgraded Intel from a “neutral” rating to a “buy” rating in a report on Thursday, June 11th. Evercore set a $95.00 price target on shares of Intel in a research report on Friday, April 24th. HSBC reissued a “buy” rating and issued a $200.00 price objective on shares of Intel in a report on Thursday, July 2nd. Roth Capital raised Intel from a “neutral” rating to a “buy” rating and set a $100.00 price target for the company in a report on Friday, April 24th. Finally, Oppenheimer started coverage on shares of Intel in a research note on Thursday, June 11th. They set an “outperform” rating on the stock. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twenty-eight have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, Intel presently has a consensus rating of “Hold” and an average price target of $96.69.

Intel Trading Up 2.1%

The firm has a market capitalization of $565.63 billion, a price-to-earnings ratio of -181.51 and a beta of 2.18. 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 company has a 50 day moving average price of $117.81 and a two-hundred day moving average price of $72.84.

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

Insider Buying and Selling at Intel

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

Hedge Funds Weigh In On Intel

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Intel by 3.5% during the fourth quarter. Vanguard Group Inc. now owns 404,522,308 shares of the chip maker’s stock worth $14,926,873,000 after purchasing an additional 13,692,624 shares in the last quarter. State Street Corp boosted its stake in Intel by 2.8% during the 4th quarter. State Street Corp now owns 208,536,784 shares of the chip maker’s stock worth $7,695,007,000 after purchasing an additional 5,714,400 shares during the last quarter. Capital World Investors raised its position in shares of Intel by 20.3% in the fourth quarter. Capital World Investors now owns 104,060,268 shares of the chip maker’s stock valued at $3,839,833,000 after buying an additional 17,557,147 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Intel by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 101,931,512 shares of the chip maker’s stock worth $3,744,406,000 after buying an additional 3,124,798 shares in the last quarter. Finally, Morgan Stanley boosted its position in Intel by 20.4% during the fourth quarter. Morgan Stanley now owns 65,249,269 shares of the chip maker’s stock worth $2,407,698,000 after acquiring an additional 11,056,090 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

About Intel

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.