BofA Upgrades Intel (NASDAQ:INTC) to “Buy”

Intel (NASDAQ:INTC) was upgraded by research analysts at BofA from an “underperform” rating to a “buy” rating in a note issued to investors on Thursday,MarketScreener reports. The firm currently has a $135.00 price objective on the chip maker’s stock, up from their prior price objective of $96.00. BofA’s target price suggests a potential upside of 17.54% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. Scotiabank initiated coverage on Intel in a report on Tuesday, April 21st. They issued a “sector perform” rating for the company. Mizuho upped their price target on shares of Intel from $124.00 to $128.00 and gave the stock a “neutral” rating in a research note on Monday, June 1st. Bank of America upgraded shares of Intel from an “underperform” rating to a “buy” rating and raised their price objective for the company from $96.00 to $135.00 in a research note on Thursday. KGI Securities lowered shares of Intel from an “outperform” rating to a “neutral” rating and set a $71.00 target price on the stock. in a research report on Monday, April 20th. Finally, Susquehanna increased their target price on shares of Intel from $65.00 to $80.00 and gave the company a “neutral” rating in a report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twenty-seven have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $87.31.

Intel Stock Performance

Shares of INTC stock traded up $7.82 during trading hours on Thursday, reaching $114.86. 54,097,759 shares of the company’s stock were exchanged, compared to its average volume of 119,824,773. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.31 and a quick ratio of 1.85. The company’s 50 day moving average is $92.19 and its two-hundred day moving average is $60.54. The company has a market cap of $577.27 billion, a P/E ratio of -186.31 and a beta of 2.21. Intel has a 1 year low of $18.97 and a 1 year high of $132.75.

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

Insider Buying and Selling

In other Intel 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 value of $4,006,679.68. Following the transaction, the executive vice president directly owned 105,077 shares in the company, valued at approximately $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 accessible through this link. Corporate insiders own 0.05% of the company’s stock.

Hedge Funds Weigh In On Intel

Several institutional investors have recently added to or reduced their stakes in INTC. Financially Speaking Inc boosted its position in shares of Intel by 69.2% in the fourth quarter. Financially Speaking Inc now owns 682 shares of the chip maker’s stock worth $25,000 after acquiring an additional 279 shares during the last quarter. Financial Life Planners acquired a new position in shares of Intel in the 1st quarter valued at about $25,000. Legacy Bridge LLC acquired a new stake in Intel during the 4th quarter worth approximately $26,000. Raleigh Capital Management Inc. purchased a new stake in Intel during the fourth quarter worth approximately $29,000. Finally, Swiss RE Ltd. purchased a new position in shares of Intel in the 4th quarter valued at $29,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Key Intel News

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Bank of America said Intel is better positioned to benefit from rising demand for CPUs tied to agentic AI, helping improve the company’s growth outlook. Intel stock jumps on BofA upgrade as AI demand fuels growth outlook
• Positive Sentiment: Bank of America also highlighted greater confidence in Intel’s server CPU opportunity and its foundry business, which could expand long-term revenue beyond traditional chip sales. Intel rallies as BofA double-upgrades stock on increased CPU, foundry visibility
• Positive Sentiment: Intel was also boosted by reports that Google may place a major AI chip order with Intel, reinforcing investor optimism around its foundry turnaround and AI manufacturing prospects. Intel Gains as Google Reportedly Eyes Major AI Chip Order
• Positive Sentiment: Recent analysis also argued that Intel’s foundry pivot is gaining credibility with hyperscale customers, which could create a more visible multiyear revenue pipeline. The Case for Intel Over Pure-Play Quantum Firms
• Neutral Sentiment: Intel has been the subject of a broad wave of analyst commentary and target changes, keeping the stock in focus but also adding volatility around valuation. Intel To Rally Around 26%? Here Are 10 Top Analyst Forecasts For Thursday
• Negative Sentiment: Some recent market coverage noted that Intel had been pressured by a tech selloff and profit-taking, showing that macro weakness can still weigh on the shares despite improving fundamentals. Why Is Intel Stock Sliding On Wednesday?

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.