Intel Stock Earnings Estimates Boosted by Erste Group Bank

Intel Corporation (NASDAQ:INTC) – Investment analysts at Erste Group Bank increased their FY2027 earnings per share estimates for Intel in a report issued on Wednesday, October 21st. Erste Group Bank analyst H. Engel now forecasts that the chip maker will earn $1.59 per share for the year, up from their previous estimate of $1.56. The consensus estimate for Intel’s current full-year earnings is $1.05 per share.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, July 23rd. The chip maker reported $0.42 earnings per share (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 positive return on equity of 2.62% and a negative net margin of 19.79%. The firm’s revenue for the quarter was up 25.2% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.10) earnings per share.

Other equities analysts also recently issued reports about the stock. Weiss Ratings raised shares of Intel from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, October 9th. UBS Group raised shares of Intel from a “hold” rating to a “buy” rating in a report on Tuesday, September 8th. Roth Capital boosted their price objective on shares of Intel from $100.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Piper Sandler assumed coverage on Intel in a report on Wednesday, September 9th. They set a “neutral” rating and a $110.00 price objective on the stock. Finally, Susquehanna decreased their price objective on Intel from $115.00 to $105.00 and set a “neutral” rating on the stock in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, twenty-seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $107.73.

Intel Stock Down 8.0%

Shares of NASDAQ:INTC opened at $85.48 on Friday. Intel has a 12 month low of $32.89 and a 12 month high of $142.35. The company’s 50-day moving average price is $102.28 and its two-hundred day moving average price is $102.93. The company has a quick ratio of 1.25, a current ratio of 1.60 and a debt-to-equity ratio of 0.47. The firm has a market cap of $431.16 billion, a P/E ratio of -40.51, a P/E/G ratio of 9.87 and a beta of 2.22.

Institutional Trading of Intel

Several institutional investors and hedge funds have recently made changes to their positions in the business. State Street Corp grew its stake in shares of Intel by 1.2% during the second quarter. State Street Corp now owns 216,849,675 shares of the chip maker’s stock worth $30,278,720,000 after purchasing an additional 2,528,657 shares during the period. Primecap Management Co. CA bought a new stake in Intel in the second quarter valued at about $10,507,291,000. Bank of America Corp DE increased its holdings in Intel by 35.7% in the second quarter. Bank of America Corp DE now owns 31,724,362 shares of the chip maker’s stock valued at $4,429,673,000 after purchasing an additional 8,342,514 shares during the last quarter. Legal & General Group Plc acquired a new position in Intel in the second quarter valued at about $4,096,110,000. Finally, Assenagon Asset Management S.A. lifted its stake in Intel by 87.1% in the third quarter. Assenagon Asset Management S.A. now owns 30,214,769 shares of the chip maker’s stock valued at $3,632,722,000 after buying an additional 14,063,302 shares during the period. Institutional investors own 64.53% of the company’s stock.

Insiders Place Their Bets

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

Intel News Roundup

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel’s $28 billion Ohio chip project reached a construction milestone, supporting the company’s long-term domestic manufacturing and foundry strategy. Arizona fabrication facilities are targeted to begin operations in 2028. Intel Ohio chip project construction milestone
• Positive Sentiment: Analysts and market commentators see potential for an earnings beat, citing strong server-processor demand and recent price increases. Better-than-expected results or guidance could provide a catalyst at the Oct. 29 report. Prediction: Intel Stock Will Take Off After Oct. 29
• Positive Sentiment: The FCC granted Intel a waiver related to foreign-made robotic devices, potentially easing execution or compliance constraints for certain manufacturing operations. FCC grants Intel waiver for foreign-made robotic devices

Intel Company Profile

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.