Intel (NASDAQ:INTC) Shares Climb 7.7% – Still a Buy?

Intel Corporation (NASDAQ:INTC) traded up 7.7% on Friday. The company traded as high as $57.32 and last traded at $56.28. 172,988,059 shares were traded during mid-day trading, an increase of 45% from the average daily volume of 119,029,859 shares. The stock had previously closed at $52.25.

Key Intel News

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel joined a broad recovery in chip stocks, with investors buying back into beaten-down semiconductor shares after Thursday’s steep losses. This sector rebound was the clearest immediate support for the stock. Market rebound report
• Positive Sentiment: CEO Lip-Bu Tan recently bought 150,000 shares for about $9.7 million, a sizable increase in his direct ownership that may be viewed as a vote of confidence in Intel’s prospects. Report on CEO share purchase
• Positive Sentiment: Intel’s technology is being used in Atsign’s EdgeAI platform, while a separate report describes Xeon processors supporting enterprise AI workloads. These examples offer potential support for Intel’s positioning in edge and data-center AI, though they do not establish a near-term revenue impact. Intel EdgeAI and Xeon report
• Neutral Sentiment: Some commentary characterized Intel’s recent selloff as potentially excessive, but that is an opinion and does not resolve concerns about earnings or execution. Analysis of Intel’s selloff
• Negative Sentiment: The company’s fourth-quarter revenue outlook of roughly $15 billion to $16 billion and management’s warning of a PC slowdown extending into 2027 remain key headwinds. The outlook has also prompted a securities investigation notice for shareholders who incurred losses; the notice is not a finding of wrongdoing. Securities investigation notice
• Negative Sentiment: Investors remain concerned that political and regulatory uncertainty could slow U.S. data-center construction, potentially weakening demand growth for chips. Stronger jobs data also revived worries about a possible December Federal Reserve rate hike, which could weigh on growth stocks broadly. Report on data-center spending concerns

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on INTC shares. Stifel Nicolaus set a $90.00 price objective on Intel in a report on Friday, October 30th. Evercore reissued an “outperform” rating and issued a $133.00 target price on shares of Intel in a report on Friday, October 30th. Piper Sandler started coverage on Intel in a research report on Wednesday, September 9th. They set a “neutral” rating and a $110.00 target price for the company. Zacks Research upgraded Intel from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 26th. Finally, Freedom Broker cut Intel from a “buy” rating to a “hold” rating and cut their price objective for the company from $100.00 to $90.00 in a report on Friday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, twenty-eight have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $97.42.

Intel Price Performance

The stock has a fifty day moving average of $98.66 and a two-hundred day moving average of $86.56. The company has a current ratio of 2.31, a quick ratio of 1.86 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $299.13 billion, a price-to-earnings ratio of -23.35, a PEG ratio of 6.23 and a beta of 2.42.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, October 29th. The chip maker reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.11. The company had revenue of $16.51 billion for the quarter, compared to analyst estimates of $16.56 billion. Intel had a positive return on equity of 4.70% and a negative net margin of 20.09%. The business’s revenue was up 20.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.23 earnings per share. As a group, equities research analysts forecast that Intel Corporation will post 1.04 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Lip Tan acquired 150,000 shares of the stock in a transaction on Monday, November 2nd. The stock was purchased at an average price of $64.73 per share, for a total transaction of $9,709,500.00. Following the transaction, the chief executive officer owned 1,464,669 shares of the company’s stock, valued at $94,808,024.37. The trade was a 11.41% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.05% of the stock is currently owned by corporate insiders.

Institutional Trading of Intel

Hedge funds have recently modified their holdings of the stock. State Street Corp raised its holdings in Intel by 1.2% during the 2nd 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 last quarter. Primecap Management Co. CA bought a new position in shares of Intel in the 2nd quarter valued at about $10,507,291,000. Bank of America Corp DE boosted its stake in shares of Intel by 35.7% in the 2nd 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 stake in shares of Intel during the 2nd quarter worth approximately $4,096,110,000. Finally, Assenagon Asset Management S.A. grew its position in shares of Intel by 87.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 30,214,769 shares of the chip maker’s stock worth $3,632,722,000 after buying an additional 14,063,302 shares during the period. 64.53% of the stock is owned by institutional investors.

Intel Company Profile