Intel (NASDAQ:INTC) Shares Climb 1.4% – Here’s What Happened

Intel Corporation (NASDAQ:INTC) shares traded up 1.4% during trading on Wednesday. The company traded as high as $94.39 and last traded at $92.96. 73,998,735 shares were traded during trading, a decline of 36% from the average daily volume of 115,893,516 shares. The stock had previously closed at $91.69.

Key Intel News

Here are the key news stories impacting Intel this week:

• Positive Sentiment: FCC waiver removes a potential obstacle. The FCC granted Intel a waiver covering foreign-made robotic devices, which may provide additional flexibility for its manufacturing operations and reduce near-term regulatory uncertainty. FCC grants Intel waiver for foreign-made robotic devices
• Positive Sentiment: Investors are positioning for a potentially strong third quarter. Analysts and bullish commentary point to resilient server-processor demand, recent price increases and the possibility that Intel can exceed expectations and provide constructive guidance. Erste Group also raised its fiscal 2027 EPS estimate to $1.59 from $1.56, above the broader current-year consensus of $1.05. Prediction: Intel Stock Will Take Off After Oct. 29
• Positive Sentiment: AI and strategic partnerships remain longer-term catalysts. Intel is reportedly participating with Tesla and SpaceX in Elon Musk’s Terafab AI-chip initiative, while Nvidia’s investment in Intel has reinforced investor interest in the company’s manufacturing and AI opportunities. These developments remain speculative but could improve Intel’s strategic relevance. What Does Intel Joining the Terafab AI Chip Project Mean?
• Neutral Sentiment: Large post-earnings volatility is expected. Intel and SanDisk report on October 29, with options markets implying an approximately 10% or greater move for Intel. That positioning reflects substantial investor interest but also elevated event risk. SanDisk and Intel Earnings and Options Volatility
• Negative Sentiment: Foundry execution remains the key concern. Commentary highlights that Intel’s advanced transistor technology has not yet translated into strong foundry economics or customer scale, with TSMC maintaining a significant yield and manufacturing advantage. Nvidia’s entry into CPU markets also threatens Intel’s traditional data-center position. The Foundry Disconnect

Analysts Set New Price Targets

INTC has been the topic of several research analyst reports. New Street Research boosted their price objective on Intel from $100.00 to $122.00 in a research report on Friday, June 26th. Wells Fargo & Company raised their target price on Intel from $110.00 to $120.00 and gave the company an “equal weight” rating in a research report on Friday, July 24th. Tigress Financial lifted their target price on Intel from $118.00 to $145.00 and gave the stock a “buy” rating in a research note on Tuesday, September 15th. Daiwa Securities Group downgraded shares of Intel from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. Finally, HC Wainwright set a $150.00 price target on shares of Intel in a research report on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, twenty-seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $107.73.

Intel Price Performance

The firm has a market capitalization of $438.05 billion, a PE ratio of -41.20, a price-to-earnings-growth ratio of 9.87 and a beta of 2.22. 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’s 50 day moving average is $102.28 and its two-hundred day moving average is $102.93.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, July 23rd. The chip maker reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.21. The firm had revenue of $16.13 billion for the quarter, compared to the consensus estimate of $14.43 billion. Intel had a positive return on equity of 2.62% and a negative net margin of 19.79%. The business’s quarterly revenue was up 25.2% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.10) earnings per share. Equities research analysts anticipate that Intel Corporation will post 1.05 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Lip Bu Tan acquired 105,263 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The shares were acquired at an average price of $95.00 per share, with a total value of $9,999,985.00. Following the acquisition, the chief executive officer owned 1,314,669 shares of the company’s stock, valued at approximately $124,893,555. This trade represents a 8.70% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.05% of the company’s stock.

Institutional Investors Weigh In On Intel

Several hedge funds and other institutional investors have recently modified their holdings of INTC. State Street Corp increased 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 acquiring an additional 2,528,657 shares during the period. Primecap Management Co. CA purchased a new stake in shares of Intel in the second quarter worth $10,507,291,000. Bank of America Corp DE raised its position in shares of Intel by 35.7% in the second quarter. Bank of America Corp DE now owns 31,724,362 shares of the chip maker’s stock worth $4,429,673,000 after buying an additional 8,342,514 shares in the last quarter. Legal & General Group Plc purchased a new stake in shares of Intel in the second quarter worth $4,096,110,000. Finally, Assenagon Asset Management S.A. boosted its stake in Intel by 87.1% during the third quarter. Assenagon Asset Management S.A. now owns 30,214,769 shares of the chip maker’s stock valued at $3,632,722,000 after buying an additional 14,063,302 shares during the period. 64.53% of the stock is currently owned by institutional investors.

About Intel

Intel Corporation (NASDAQ:INTC) is a global semiconductor company that designs and manufactures computing and connectivity products. Its portfolio includes Intel Core processors for personal computers, Xeon processors for data centers and enterprise systems, and products for networking, edge computing, graphics, and artificial intelligence workloads.

Through Intel Foundry, the company also provides semiconductor manufacturing and technology-development services for external customers. Intel develops process technologies, advanced packaging, and other manufacturing capabilities intended to support its own products and third-party chip designs.

Founded in 1968 by Robert Noyce and Gordon Moore, Intel helped establish the modern microprocessor industry and has historically supplied processors for PCs, servers, and other computing systems.