Wedbush Issues Positive Forecast for Intel (NASDAQ:INTC) Stock Price

Intel (NASDAQ:INTC) had its price objective lifted by research analysts at Wedbush from $60.00 to $98.00 in a report released on Friday, MarketBeat.com reports. The firm presently has a “neutral” rating on the chip maker’s stock. Wedbush’s target price would suggest a potential downside of 2.22% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. KeyCorp lifted their target price on shares of Intel from $110.00 to $155.00 and gave the stock an “overweight” rating in a report on Tuesday, July 14th. Bank of America raised their price target on Intel from $135.00 to $160.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. Truist Financial lifted their price objective on Intel from $49.00 to $81.00 and gave the stock a “hold” rating in a research note on Friday, April 24th. Barclays increased their target price on Intel from $65.00 to $100.00 and gave the company an “equal weight” rating in a research note on Monday, June 1st. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Intel in a research report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, twenty-nine have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $105.03.

Intel Stock Down 2.3%

Shares of Intel stock opened at $100.23 on Friday. Intel has a 12-month low of $18.97 and a 12-month high of $142.35. 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 stock has a 50 day moving average price of $116.17 and a two-hundred day moving average price of $77.97. The stock has a market capitalization of $503.76 billion, a P/E ratio of -161.66 and a beta of 2.18.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, July 23rd. The chip maker reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.21. Intel had a negative net margin of 5.90% and a positive return on equity of 0.39%. The company had revenue of $16.13 billion for the quarter, compared to analyst estimates of $14.43 billion. During the same quarter last year, the firm posted ($0.10) earnings per share. The company’s quarterly revenue was up 25.2% compared to the same quarter last year. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. Equities analysts expect that Intel will post 0.65 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Boise April Miller sold 40,256 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president directly owned 105,077 shares in the company, valued at $10,458,313.81. The trade was a 27.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.05% of the stock is currently owned by company insiders.

Institutional Trading of Intel

Institutional investors and hedge funds have recently modified their holdings of the company. Financially Speaking Inc lifted its position in 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 purchasing an additional 279 shares during the period. Financial Life Planners bought a new stake in Intel in the 1st quarter valued at $25,000. Legacy Bridge LLC acquired a new position in shares of Intel in the 4th quarter valued at $26,000. Raleigh Capital Management Inc. acquired a new position in shares of Intel in the 4th quarter valued at $29,000. Finally, Swiss RE Ltd. bought a new position in shares of Intel during the 4th quarter worth about $29,000. 64.53% of the stock is currently owned by institutional investors.

More Intel News

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel reported Q2 EPS of $0.42 versus $0.21 expected, while revenue rose 24.8%-25.2% year over year to about $16.1 billion, marking the company’s strongest growth in more than 15 years.
• Positive Sentiment: The company’s Q3 guidance came in above consensus, with management forecasting revenue of $15.8 billion to $16.8 billion and EPS of $0.38, signaling confidence that demand remains solid.
• Positive Sentiment: Several reports highlighted accelerating data center and AI sales, including a 59% jump in data center and AI revenue, which supports the view that Intel is gaining traction in a key growth market.
• Positive Sentiment: News that Intel and Fortinet collaborated on a new security processor, plus Intel’s first named outside foundry customer, strengthened the narrative that the foundry business is starting to attract real commercial momentum.

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.