Intel (NASDAQ:INTC) Stock Gets Price Target Trim from Wells Fargo & Company

Intel (NASDAQ:INTC) had its price target decreased by Wells Fargo & Company from $120.00 to $80.00 in a research report report published on Friday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the chip maker’s stock.

INTC has been the topic of several other reports. Mizuho increased their price target on Intel from $92.00 to $114.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 6th. Stifel Nicolaus set a $90.00 price objective on Intel in a research note on Friday. Barclays raised Intel from a “hold” rating to an “overweight” rating in a report on Wednesday, September 16th. DA Davidson upped their price target on Intel from $77.00 to $100.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. Finally, National Bank Financial set a $85.00 target price on Intel in a report on Monday, October 19th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, twenty-seven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $97.86.

Intel Price Performance

Shares of NASDAQ INTC opened at $65.76 on Friday. Intel has a fifty-two week low of $32.89 and a fifty-two week high of $142.35. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.86 and a current ratio of 2.21. The stock has a market cap of $331.69 billion, a PE ratio of -27.29, a price-to-earnings-growth ratio of 6.85 and a beta of 2.42. The stock has a fifty day moving average of $101.10 and a 200-day moving average of $86.36.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, October 29th. The chip maker reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.11. The company had revenue of $16.51 billion during the quarter, compared to the consensus estimate of $16.56 billion. Intel had a negative net margin of 20.09% and a positive return on equity of 4.42%. Intel’s revenue was up 20.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.23 earnings per share. Equities research analysts anticipate that Intel will post 1.07 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Lip Bu Tan bought 105,263 shares of the stock in a transaction on Tuesday, August 11th. The stock was bought at an average price of $95.00 per share, with a total value of $9,999,985.00. Following the completion of the purchase, the chief executive officer directly owned 1,314,669 shares in the company, valued at $124,893,555. This represents a 8.70% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.05% of the company’s stock.

Hedge Funds Weigh In On Intel

Several large investors have recently added to or reduced their stakes in INTC. Pathway Financial Advisers LLC bought a new stake in shares of Intel during the third quarter valued at approximately $25,000. Northeast Investment Management increased its holdings in shares of Intel by 8.9% during the third quarter. Northeast Investment Management now owns 28,322 shares of the chip maker’s stock valued at $3,405,000 after acquiring an additional 2,312 shares in the last quarter. Richardson Financial Services Inc. grew its stake in Intel by 36.9% in the 3rd quarter. Richardson Financial Services Inc. now owns 6,590 shares of the chip maker’s stock valued at $792,000 after buying an additional 1,777 shares in the last quarter. Ascent Group LLC increased its stake in shares of Intel by 2.6% in the third quarter. Ascent Group LLC now owns 79,903 shares of the chip maker’s stock worth $9,607,000 after buying an additional 2,024 shares during the period. Finally, 3Chopt Investment Partners LLC boosted its holdings in shares of Intel by 23.5% during the 3rd quarter. 3Chopt Investment Partners LLC now owns 9,989 shares of the chip maker’s stock valued at $1,201,000 after acquiring an additional 1,898 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors.

Key Intel News

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel exceeded third-quarter expectations, reporting adjusted earnings of $0.52 per share versus a roughly $0.41 consensus estimate. Revenue increased 21% year over year to approximately $16.5 billion. Intel third-quarter earnings report
• Positive Sentiment: Data Center and AI revenue rose 78% to $7.3 billion, while Intel Foundry revenue increased 58% to $6.7 billion. CEO Lip-Bu Tan also highlighted the potential for AI agents to expand the server CPU market. Intel server and AI revenue coverage
• Neutral Sentiment: Intel agreed to acquire Israeli quantum software company Classiq Technologies for about $2.3 billion, seeking to build a full-stack quantum-computing business. The deal may provide a long-term growth option but adds to near-term spending and execution demands. Intel Classiq acquisition
• Negative Sentiment: Fourth-quarter guidance was well below Wall Street expectations: revenue is projected at $15 billion-$16 billion, versus approximately $17.1 billion expected, with adjusted earnings of about $0.25 per share versus roughly $0.45 expected. Management said the PC slowdown could persist through at least the first half of 2027. Reuters Intel outlook report
• Negative Sentiment: Memory shortages and higher component prices are making PCs more expensive, while Intel expects client-computing revenue to weaken. A blast at its Israel facility is expected to cause roughly $300 million-$600 million in revenue disruption, adding to manufacturing constraints. Intel PC slowdown and Israel facility report
• Negative Sentiment: Analysts responded with multiple downgrades and price-target reductions, citing weak PC demand, supply bottlenecks, lower margins, heavy foundry investment and the risk that Intel may not generate free cash flow in 2027. The outlook also triggered a broad semiconductor selloff, pressuring AMD, Nvidia, Broadcom and other chip stocks. Analyst reactions to Intel earnings

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.