Intel (NASDAQ:INTC) Price Target Raised to $120.00

Intel (NASDAQ:INTC) had its price objective raised by Wells Fargo & Company from $110.00 to $120.00 in a research report released on Friday, Marketbeat reports. The brokerage currently has an equal weight rating on the chip maker’s stock.

A number of other research firms have also issued reports on INTC. Robert W. Baird raised their target price on shares of Intel from $50.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Wolfe Research assumed coverage on shares of Intel in a report on Thursday, June 11th. They set a “peer perform” rating for the company. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $100.00 price target on shares of Intel in a research report on Wednesday, June 17th. New Street Research lifted their price target on Intel from $100.00 to $122.00 in a research report on Friday, June 26th. Finally, Piper Sandler began coverage on shares of Intel in a research report on Thursday, June 11th. They set a “neutral” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twenty-nine have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $107.67.

Intel Price Performance

INTC opened at $92.32 on Friday. The firm has a market cap of $464.00 billion, a P/E ratio of -43.75 and a beta of 2.18. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.25 and a current ratio of 1.60. The business has a 50 day moving average price of $115.84 and a 200 day moving average price of $78.35. Intel has a twelve month low of $18.97 and a twelve month high of $142.35.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, July 23rd. The chip maker reported $0.42 EPS for the quarter, beating the consensus estimate of $0.21 by $0.21. Intel had a positive return on equity of 2.62% and a negative net margin of 19.79%.The company had revenue of $16.13 billion for the quarter, compared to the consensus estimate of $14.43 billion. During the same quarter last year, the company posted ($0.10) earnings per share. The company’s revenue for the quarter was up 25.2% compared to the same quarter last year. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. Research analysts forecast that Intel will post 0.65 EPS for the current year.

Insiders Place Their Bets

In other Intel news, EVP Boise April Miller sold 40,256 shares of Intel stock in a transaction on Friday, May 1st. The stock was sold at an average price of $99.53, for a total value of $4,006,679.68. Following the completion of the transaction, the executive vice president owned 105,077 shares in the company, valued at approximately $10,458,313.81. The trade was a 27.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.05% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Intel

Several hedge funds and other institutional investors have recently added to or reduced their stakes in INTC. Sivia Capital Partners LLC increased its holdings in shares of Intel by 271.7% in the second quarter. Sivia Capital Partners LLC now owns 34,201 shares of the chip maker’s stock valued at $766,000 after purchasing an additional 25,001 shares in the last quarter. United Bank acquired a new stake in shares of Intel in the 2nd quarter valued at $205,000. Gamco Investors INC. ET AL increased its stake in shares of Intel by 12.3% in the 2nd quarter. Gamco Investors INC. ET AL now owns 13,737 shares of the chip maker’s stock valued at $308,000 after buying an additional 1,508 shares during the period. NewEdge Advisors LLC raised its position in shares of Intel by 29.6% during the second quarter. NewEdge Advisors LLC now owns 158,277 shares of the chip maker’s stock worth $3,545,000 after acquiring an additional 36,116 shares during the last quarter. Finally, Sei Investments Co. raised its position in shares of Intel by 9.9% during the second quarter. Sei Investments Co. now owns 828,352 shares of the chip maker’s stock worth $18,556,000 after acquiring an additional 74,838 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Trending Headlines about Intel

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel beat Q2 expectations with EPS of $0.42 versus $0.21 expected and revenue of $16.13 billion versus $14.43 billion, marking its fastest revenue growth in more than 15 years. Reuters article
• Positive Sentiment: Intel’s Q3 guidance topped estimates, signaling management sees continued momentum from AI-related server-chip demand and improving foundry execution. CNBC article
• Positive Sentiment: Analysts and media coverage highlighted stronger data-center and AI demand, along with early progress in Intel’s foundry business and 18A manufacturing roadmap. MarketWatch/Fool article

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.