Intel (NASDAQ:INTC) Shares Up 2.3% – Time to Buy?

Intel Corporation (NASDAQ:INTC) shot up 2.3% on Wednesday . The stock traded as high as $35.75 and last traded at $35.11. 65,116,837 shares changed hands during trading, a decline of 37% from the average session volume of 102,679,406 shares. The stock had previously closed at $34.33.

Wall Street Analyst Weigh In

A number of brokerages have commented on INTC. Needham & Company LLC reissued a “hold” rating on shares of Intel in a research report on Friday, October 24th. Cantor Fitzgerald raised their price target on Intel from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Monday, October 20th. Tigress Financial upped their price objective on Intel from $45.00 to $52.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Deutsche Bank Aktiengesellschaft increased their price objective on Intel from $30.00 to $35.00 and gave the company a “hold” rating in a report on Friday, October 24th. Finally, BNP Paribas Exane raised their target price on Intel from $19.00 to $30.00 and gave the stock an “underperform” rating in a research report on Friday, October 24th. Two analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and eight have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $34.84.

Intel Stock Up 2.3%

The firm’s 50 day moving average price is $35.04 and its two-hundred day moving average price is $26.58. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.60 and a quick ratio of 1.25. The firm has a market cap of $167.72 billion, a price-to-earnings ratio of 3,514.51 and a beta of 1.31.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, October 23rd. The chip maker reported $0.23 earnings per share for the quarter. Intel had a negative return on equity of 0.75% and a net margin of 0.37%.The company had revenue of $13.65 billion for the quarter, compared to the consensus estimate of $13.10 billion. During the same period last year, the business posted ($0.46) EPS. The company’s revenue was up 3.0% on a year-over-year basis. Intel has set its Q4 2025 guidance at 0.080-0.080 EPS. As a group, sell-side analysts forecast that Intel Corporation will post -0.11 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in shares of Intel by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 390,829,684 shares of the chip maker’s stock worth $13,112,336,000 after purchasing an additional 4,925,949 shares in the last quarter. State Street Corp lifted its stake in shares of Intel by 1.6% in the second quarter. State Street Corp now owns 203,617,629 shares of the chip maker’s stock valued at $4,561,035,000 after purchasing an additional 3,168,824 shares during the period. Geode Capital Management LLC boosted its holdings in Intel by 1.8% during the second quarter. Geode Capital Management LLC now owns 97,563,079 shares of the chip maker’s stock worth $2,174,854,000 after buying an additional 1,760,773 shares in the last quarter. Capital World Investors boosted its holdings in Intel by 32.5% during the third quarter. Capital World Investors now owns 86,503,121 shares of the chip maker’s stock worth $2,902,180,000 after buying an additional 21,230,715 shares in the last quarter. Finally, Primecap Management Co. CA grew its position in Intel by 4.3% during the second quarter. Primecap Management Co. CA now owns 80,298,180 shares of the chip maker’s stock worth $1,798,679,000 after buying an additional 3,313,890 shares during the period. Institutional investors and hedge funds own 64.53% of the company’s stock.

About Intel

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.