Intel (NASDAQ:INTC) Stock Price Up 7.5% – Time to Buy?

Intel Corporation (NASDAQ:INTC) shares were up 7.5% during trading on Wednesday. The company traded as high as $64.06 and last traded at $62.50. Approximately 128,416,087 shares were traded during mid-day trading, an increase of 8% from the average session volume of 119,265,727 shares. The stock had previously closed at $58.13.

Key Headlines Impacting Intel

Investors following INTC have been watching these headlines:

• Positive Sentiment: ETFs recorded about $79 million in net Intel share purchases on Nov. 11, with 54 funds buying shares and 11 selling. This signals some institutional demand, though it does not necessarily indicate a lasting change in sentiment. Article: Intel sees ETF buying
• Neutral Sentiment: Tan highlighted the company’s turnaround, foundry strategy and AI opportunity, but also cautioned that an AI-market correction could be healthy and that memory shortages may worsen next year. Those comments underscore both potential demand and supply-related uncertainty. Article: Intel CEO discusses turnaround, foundry and AI
• Negative Sentiment: Semiconductor shares sold off broadly Friday amid pressure on technology stocks, inflation concerns and uncertainty around Nvidia’s leadership. That sector weakness is weighing on Intel regardless of its company-specific prospects. Article: Chip stocks slide

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Truist Financial lowered their price objective on shares of Intel from $108.00 to $72.00 and set a “hold” rating on the stock in a research note on Friday, October 30th. Wedbush reissued a “neutral” rating and set a $98.00 price objective on shares of Intel in a report on Tuesday, October 27th. HSBC reiterated a “buy” rating on shares of Intel in a research report on Friday, July 24th. Susquehanna cut their price target on shares of Intel from $105.00 to $75.00 and set a “neutral” rating for the company in a report on Friday, October 30th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $100.00 target price on shares of Intel in a report on Sunday, October 25th. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, twenty-eight have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Intel currently has an average rating of “Hold” and an average target price of $96.93.

Intel Stock Down 2.9%

The company has a current ratio of 2.31, a quick ratio of 1.95 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $315.94 billion, a P/E ratio of -24.54, a PEG ratio of 6.68 and a beta of 2.42. The firm’s 50 day moving average price is $95.61 and its two-hundred day moving average price is $86.83.

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

Insider Activity

In other news, CEO Lip Tan acquired 150,000 shares of the firm’s stock in a transaction that occurred on Monday, November 2nd. The shares were acquired at an average cost of $64.73 per share, with a total value of $9,709,500.00. Following the completion of the purchase, the chief executive officer directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.05% of the company’s stock.

Institutional Investors Weigh In On Intel

Hedge funds have recently added to or reduced their stakes in the business. Pathway Financial Advisers LLC bought a new position in Intel during the 3rd quarter worth approximately $25,000. Montgomery Financial Services LLC bought a new position in shares of Intel during the 2nd quarter worth about $26,000. Next Level Wealth Planning LLC acquired a new stake in shares of Intel in the 3rd quarter valued at about $28,000. Glynn Capital Management LLC bought a new position in Intel in the second quarter worth approximately $29,000. Finally, Knuff & Co LLC bought a new stake in shares of Intel during the second quarter valued at approximately $29,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

About Intel

Intel Corporation is a semiconductor company that designs and manufactures processors and related technologies. Its products include central processing units for personal computers and servers, graphics and AI accelerators, and platforms and components for data center, networking, and edge computing applications. The company also operates Intel Foundry, which provides semiconductor manufacturing, packaging, and related services for Intel and external customers. Intel serves customers and businesses around the world through its products, technologies, and manufacturing operations.