Intel (NASDAQ:INTC) Shares Up 9.3% After Analyst Upgrade

Shares of Intel Corporation (NASDAQ:INTC) shot up 9.3% during trading on Thursday after BTIG Research upgraded the stock from a neutral rating to a buy rating. The stock traded as high as $119.44 and last traded at $116.96. 184,551,089 shares changed hands during mid-day trading, an increase of 52% from the average session volume of 121,078,656 shares. The stock had previously closed at $107.04.

INTC has been the subject of a number of other research reports. TD Cowen raised their price objective on shares of Intel from $60.00 to $75.00 and gave the stock a “hold” rating in a report on Friday, April 24th. Bank of America upgraded shares of Intel from an “underperform” rating to a “buy” rating and raised their price objective for the stock from $96.00 to $135.00 in a report on Thursday. DA Davidson raised their price objective on shares of Intel from $45.00 to $77.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Moffett Nathanson downgraded shares of Intel to a “neutral” rating in a report on Thursday. Finally, Stifel Nicolaus raised their price objective on shares of Intel from $65.00 to $75.00 and gave the stock a “hold” rating in a report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, twenty-seven have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, Intel has a consensus rating of “Hold” and an average target price of $87.31.

Insider Activity

In other Intel news, EVP Boise April Miller sold 40,256 shares of the stock in a transaction on Friday, May 1st. The stock was sold at an average price of $99.53, for a total transaction of $4,006,679.68. Following the sale, the executive vice president owned 105,077 shares in the company, valued at $10,458,313.81. This represents a 27.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.05% of the stock is currently owned by corporate insiders.

Intel News Roundup

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Bank of America upgraded Intel to Buy from Underperform and raised its price target to $135 from $96, citing improved visibility in server CPU demand and growing confidence in Intel’s foundry business. Intel scores double upgrade from Bank of America as CPU, foundry outlook brightens
• Positive Sentiment: Analysts pointed to Intel’s potential to benefit from rising AI-related CPU demand and external foundry momentum, which lifted sentiment across semiconductor stocks and helped Intel outperform. Intel stock jumps on BofA upgrade as AI demand fuels growth outlook
• Neutral Sentiment: Recent coverage also highlighted that Intel remains a highly watched turnaround story, with investors focused on whether its expanding customer list and foundry wins can translate into durable earnings growth. Is It Time for Intel to Raise Capital? Intel Stock (NASDAQ:INTC) Surges
• Negative Sentiment: Some analysts and commentary still caution that Intel’s valuation has run far ahead of fundamentals, and that heavy capital spending and execution risk could limit upside if growth disappoints. Intel Is Joining Hands With Hitachi to Bring Physical AI to Life. It Needs to Bring the INTC Stock Valuation Down, Too.

Institutional Investors Weigh In On Intel

Institutional investors have recently made changes to their positions in the stock. Parallel Advisors LLC boosted its position in shares of Intel by 8.1% in the first quarter. Parallel Advisors LLC now owns 85,975 shares of the chip maker’s stock valued at $3,794,000 after acquiring an additional 6,434 shares during the period. First Nebraska Trust Co bought a new position in shares of Intel in the first quarter valued at approximately $3,238,000. Foguth Wealth Management LLC. bought a new position in shares of Intel in the first quarter valued at approximately $224,000. Cozad Asset Management Inc. boosted its position in shares of Intel by 11.3% in the first quarter. Cozad Asset Management Inc. now owns 8,208 shares of the chip maker’s stock valued at $362,000 after acquiring an additional 835 shares during the period. Finally, Security Financial Services INC. bought a new position in shares of Intel in the first quarter valued at approximately $223,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Price Performance

The business’s 50-day moving average price is $92.19 and its 200 day moving average price is $60.54. The company has a quick ratio of 1.85, a current ratio of 2.31 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $587.84 billion, a P/E ratio of -188.64 and a beta of 2.21.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, April 23rd. The chip maker reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.28. Intel had a negative net margin of 5.90% and a positive return on equity of 0.39%. The company had revenue of $13.58 billion during the quarter, compared to analyst estimates of $12.32 billion. During the same period last year, the business earned $0.13 earnings per share. Intel’s 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. Analysts anticipate that Intel Corporation will post 0.63 EPS for the current fiscal year.

Intel Company Profile

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.