Intel (NASDAQ:INTC) Stock Price Up 7.7% – Still a Buy?

Intel Corporation (NASDAQ:INTC)’s stock price traded up 7.7% on Friday. The company traded as high as $57.32 and last traded at $56.28. 172,988,059 shares were traded during trading, an increase of 45% from the average session volume of 119,029,859 shares. The stock had previously closed at $52.25.

Intel News Roundup

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel joined a broad recovery in chip stocks, with investors buying back into beaten-down semiconductor shares after Thursday’s steep losses. This sector rebound was the clearest immediate support for the stock. Market rebound report
• Positive Sentiment: CEO Lip-Bu Tan recently bought 150,000 shares for about $9.7 million, a sizable increase in his direct ownership that may be viewed as a vote of confidence in Intel’s prospects. Report on CEO share purchase
• Positive Sentiment: Intel’s technology is being used in Atsign’s EdgeAI platform, while a separate report describes Xeon processors supporting enterprise AI workloads. These examples offer potential support for Intel’s positioning in edge and data-center AI, though they do not establish a near-term revenue impact. Intel EdgeAI and Xeon report
• Neutral Sentiment: Some commentary characterized Intel’s recent selloff as potentially excessive, but that is an opinion and does not resolve concerns about earnings or execution. Analysis of Intel’s selloff
• Negative Sentiment: The company’s fourth-quarter revenue outlook of roughly $15 billion to $16 billion and management’s warning of a PC slowdown extending into 2027 remain key headwinds. The outlook has also prompted a securities investigation notice for shareholders who incurred losses; the notice is not a finding of wrongdoing. Securities investigation notice
• Negative Sentiment: Investors remain concerned that political and regulatory uncertainty could slow U.S. data-center construction, potentially weakening demand growth for chips. Stronger jobs data also revived worries about a possible December Federal Reserve rate hike, which could weigh on growth stocks broadly. Report on data-center spending concerns

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Stifel Nicolaus set a $90.00 price objective on Intel in a research report on Friday, October 30th. TD Cowen decreased their target price on Intel from $95.00 to $75.00 and set a “hold” rating on the stock in a report on Friday, October 30th. Rosenblatt Securities cut their target price on Intel from $80.00 to $70.00 and set a “sell” rating on the stock in a research report on Friday, October 30th. Weiss Ratings downgraded Intel from a “hold (c-)” rating to a “sell (d)” rating in a report on Friday, October 23rd. Finally, Susquehanna reduced their target price on Intel from $105.00 to $75.00 and set a “neutral” rating for the company in a report on Friday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, twenty-eight have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Intel has a consensus rating of “Hold” and an average target price of $97.42.

Intel Stock Performance

The firm’s 50-day simple moving average is $98.66 and its two-hundred day simple moving average is $86.56. The company has a current ratio of 2.31, a quick ratio of 1.86 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $299.13 billion, a PE ratio of -23.35, a PEG ratio of 6.23 and a beta of 2.42.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, October 29th. The chip maker reported $0.52 EPS for the quarter, topping the consensus estimate of $0.41 by $0.11. The business had revenue of $16.51 billion during the quarter, compared to analysts’ expectations of $16.56 billion. Intel had a positive return on equity of 4.70% and a negative net margin of 20.09%. Intel’s revenue was up 20.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.23 earnings per share. On average, equities research analysts expect that Intel Corporation will post 1.04 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Lip Tan acquired 150,000 shares of the company’s stock in a transaction on Monday, November 2nd. The shares were purchased at an average price of $64.73 per share, for a total transaction of $9,709,500.00. Following the purchase, the chief executive officer owned 1,464,669 shares in the company, valued at $94,808,024.37. This represents a 11.41% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.05% of the company’s stock.

Institutional Investors Weigh In On Intel

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Allworth Financial LP grew its holdings in shares of Intel by 8.8% during the 3rd quarter. Allworth Financial LP now owns 404,407 shares of the chip maker’s stock worth $48,622,000 after purchasing an additional 32,584 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of Intel by 2.2% in the third quarter. Fisher Asset Management LLC now owns 168,475 shares of the chip maker’s stock valued at $20,256,000 after purchasing an additional 3,634 shares in the last quarter. Private Advisory Group LLC raised its stake in shares of Intel by 4.7% in the third quarter. Private Advisory Group LLC now owns 272,536 shares of the chip maker’s stock valued at $32,767,000 after purchasing an additional 12,330 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Intel by 6.9% in the third quarter. Russell Investments Group Ltd. now owns 3,084,189 shares of the chip maker’s stock valued at $368,441,000 after purchasing an additional 199,700 shares in the last quarter. Finally, Everest Financial Group LLC lifted its position in Intel by 22.4% in the third quarter. Everest Financial Group LLC now owns 3,343 shares of the chip maker’s stock worth $402,000 after purchasing an additional 612 shares during the period. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Company Profile