Intel (NASDAQ:INTC) Shares Climb 1.7% – Time to Buy?

Intel Corporation (NASDAQ:INTC) was up 1.7% during trading on Friday. The stock traded as high as $87.87 and last traded at $86.96. Approximately 71,560,092 shares traded hands during mid-day trading, a decline of 38% from the average daily volume of 115,776,344 shares. The stock had previously closed at $85.49.

Key Stories Impacting Intel

Here are the key news stories impacting Intel this week:

• Positive Sentiment: The FCC granted Intel a waiver allowing it to continue using foreign-made robotic devices, easing a potential regulatory obstacle for its manufacturing operations. FCC grants Intel waiver for foreign-made robotic devices
• Positive Sentiment: Investor attention is shifting toward Intel’s third-quarter results due October 29. Analysts and options traders anticipate a potentially large post-earnings move, while bullish commentary points to server CPU demand and recent price increases as possible drivers of a revenue and earnings beat. Intel earnings and options expectations
• Positive Sentiment: Erste Group raised its fiscal 2027 EPS forecast for Intel to $1.59 from $1.56, above the broader consensus estimate of $1.05, offering support for the company’s turnaround narrative.
• Neutral Sentiment: Intel has shown substantial earnings-day volatility: its shares surged 24% after the April report, although management’s prior third-quarter outlook called for adjusted EPS of $0.38, below the second quarter’s $0.42. Intel earnings-day volatility
• Negative Sentiment: Longer-term concerns remain around Intel’s foundry execution. Although its transistor technology is competitive, the foundry business is reportedly losing billions while Taiwan Semiconductor Manufacturing retains greater scale, customer reach, and manufacturing yields. Intel foundry execution concerns
• Negative Sentiment: Intel remains exposed to broader semiconductor weakness, elevated oil prices, inflation concerns, and investor doubts about whether aggressive AI infrastructure spending will generate adequate returns. Nvidia’s push into CPUs also creates additional competitive pressure. Why Intel stock fell previously

Analyst Ratings Changes

Several equities analysts have issued reports on INTC shares. JPMorgan Chase & Co. raised shares of Intel from an “underweight” rating to a “neutral” rating and set a $85.00 price objective on the stock in a report on Monday. Needham & Company LLC reissued a “hold” rating on shares of Intel in a research note on Friday, July 24th. Seaport Research Partners reissued a “buy” rating and set a $125.00 target price on shares of Intel in a research note on Friday, July 24th. Pivotal Research started coverage on shares of Intel in a research report on Tuesday, September 8th. They set a “buy” rating for the company. Finally, Rosenblatt Securities raised their price target on shares of Intel from $65.00 to $80.00 and gave the company a “sell” rating in a research note on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, twenty-seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Intel presently has a consensus rating of “Hold” and a consensus target price of $107.73.

Intel Stock Up 1.7%

The company has a current ratio of 1.60, a quick ratio of 1.25 and a debt-to-equity ratio of 0.47. The business has a fifty day simple moving average of $102.28 and a two-hundred day simple moving average of $102.93. The company has a market cap of $438.63 billion, a PE ratio of -41.21, a price-to-earnings-growth ratio of 9.87 and a beta of 2.22.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, July 23rd. The chip maker reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.21. The business had revenue of $16.13 billion during the quarter, compared to analysts’ expectations of $14.43 billion. Intel had a negative net margin of 19.79% and a positive return on equity of 2.62%. The company’s quarterly revenue was up 25.2% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.10) earnings per share. As a group, equities research analysts predict that Intel Corporation will post 1.05 earnings per share for the current year.

Insiders Place Their Bets

In other Intel news, CEO Lip Bu Tan bought 105,263 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were acquired at an average cost of $95.00 per share, with a total value of $9,999,985.00. Following the purchase, the chief executive officer directly owned 1,314,669 shares of the company’s stock, valued at $124,893,555. This trade represents a 8.70% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 0.05% of the stock is owned by company insiders.

Institutional Trading of Intel

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

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.