Wedbush Boosts Intel (NASDAQ:INTC) Price Target to $98.00

Intel (NASDAQ:INTC) had its price objective boosted 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 price target points to a potential upside of 6.15% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on the stock. Freedom Capital upgraded shares of Intel from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 28th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Intel in a research report on Tuesday. Robert W. Baird raised their price objective on shares of Intel from $50.00 to $75.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Wells Fargo & Company lifted their price objective on Intel from $110.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Friday. Finally, Rosenblatt Securities upped their target price on Intel from $65.00 to $80.00 and gave the company a “sell” rating in a research note on Friday. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twenty-nine have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Intel presently has an average rating of “Hold” and a consensus price target of $107.67.

Intel Trading Down 7.9%

Shares of INTC stock opened at $92.32 on Friday. Intel has a fifty-two week low of $18.97 and a fifty-two week high of $142.35. The stock has a market cap of $464.00 billion, a P/E ratio of -43.75 and a beta of 2.18. The business has a fifty day simple moving average of $115.84 and a 200-day simple moving average of $78.07. The company has a quick ratio of 1.85, a current ratio of 2.31 and a debt-to-equity ratio of 0.34.

Intel (NASDAQ:INTC) last released its quarterly 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. Intel had a positive return on equity of 2.52% and a negative net margin of 19.79%.The business had revenue of $16.13 billion during the quarter, compared to the consensus estimate of $14.43 billion. During the same quarter in the previous year, the company posted ($0.10) EPS. The business’s revenue was up 25.2% on a year-over-year basis. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. On average, analysts forecast that Intel will post 0.65 earnings per share for the current fiscal year.

Insider Activity at Intel

In other news, EVP Boise April Miller sold 40,256 shares of Intel stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $99.53, for a total transaction of $4,006,679.68. Following the completion of the sale, 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 filing with the SEC, which is available through the SEC website. 0.05% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Intel

Several institutional investors and hedge funds have recently modified their holdings of INTC. Financially Speaking Inc grew its stake in shares of Intel by 69.2% during the 4th quarter. Financially Speaking Inc now owns 682 shares of the chip maker’s stock valued at $25,000 after buying an additional 279 shares during the period. Financial Life Planners purchased a new position in shares of Intel in the 1st quarter worth $25,000. Legacy Bridge LLC purchased a new position in shares of Intel in the 4th quarter worth $26,000. Raleigh Capital Management Inc. acquired a new position in Intel in the fourth quarter valued at $29,000. Finally, Swiss RE Ltd. acquired a new position in Intel in the fourth quarter valued at $29,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Key Stories Impacting 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.