Intel (NASDAQ:INTC) Price Target Raised to $30.00

Intel (NASDAQ:INTC) had its price target hoisted by Wells Fargo & Company from $22.00 to $30.00 in a report published on Wednesday, MarketBeat Ratings reports. They currently have an equal weight rating on the chip maker’s stock.

INTC has been the topic of several other reports. Susquehanna lifted their price target on shares of Intel from $22.00 to $31.00 and gave the stock a “neutral” rating in a research note on Wednesday. Loop Capital began coverage on shares of Intel in a research note on Monday, July 21st. They set a “hold” rating and a $25.00 price target on the stock. Wall Street Zen upgraded shares of Intel from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. New Street Research upped their price target on shares of Intel from $23.00 to $32.00 in a research report on Friday, September 19th. Finally, JPMorgan Chase & Co. reiterated a “sell” rating and issued a $21.00 price target on shares of Intel in a research report on Friday, September 19th. Two investment analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and seven have assigned a Sell rating to the company. Based on data from MarketBeat.com, Intel presently has a consensus rating of “Reduce” and an average price target of $28.54.

Intel Trading Up 0.5%

NASDAQ INTC opened at $37.01 on Wednesday. The firm has a 50 day moving average of $28.85 and a two-hundred day moving average of $23.72. Intel has a 52 week low of $17.67 and a 52 week high of $39.65. The company has a quick ratio of 0.92, a current ratio of 1.24 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $161.99 billion, a PE ratio of -7.76 and a beta of 1.33.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, July 24th. The chip maker reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.11). Intel had a negative return on equity of 3.78% and a negative net margin of 38.64%.The company had revenue of $12.86 billion for the quarter, compared to analyst estimates of $11.88 billion. During the same quarter in the prior year, the business earned $0.02 earnings per share. Intel’s revenue was up .5% compared to the same quarter last year. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. As a group, research analysts expect that Intel will post -0.11 EPS for the current fiscal year.

Hedge Funds Weigh In On Intel

A number of large investors have recently made changes to their positions in INTC. Norges Bank purchased a new position in shares of Intel in the 2nd quarter valued at about $1,579,378,000. Nuveen LLC purchased a new position in shares of Intel in the 1st quarter valued at about $538,430,000. Kingstone Capital Partners Texas LLC purchased a new position in shares of Intel in the 2nd quarter valued at about $345,245,000. Price T Rowe Associates Inc. MD increased its holdings in shares of Intel by 99.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,829,385 shares of the chip maker’s stock valued at $677,426,000 after purchasing an additional 14,901,457 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in Intel by 133.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 18,758,658 shares of the chip maker’s stock valued at $426,009,000 after acquiring an additional 10,719,274 shares during the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Company Profile

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.