Intel (NASDAQ:INTC) Shares Up 2.6% – Here’s What Happened

Intel Corporation (NASDAQ:INTC)’s share price shot up 2.6% on Friday . The stock traded as high as $34.98 and last traded at $34.50. 104,309,416 shares traded hands during mid-day trading, an increase of 2% from the average session volume of 102,667,844 shares. The stock had previously closed at $33.62.

Analyst Ratings Changes

INTC has been the subject of a number of analyst reports. Hsbc Global Res cut Intel from a “hold” rating to a “moderate sell” rating in a report on Tuesday, October 7th. HSBC upped their target price on Intel from $24.00 to $26.00 in a research note on Friday, October 24th. Seaport Res Ptn upgraded Intel from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 24th. Needham & Company LLC reissued a “hold” rating on shares of Intel in a report on Friday, October 24th. Finally, New Street Research upped their price objective on shares of Intel from $23.00 to $32.00 in a research report on Friday, September 19th. Two research analysts have rated the stock with a Buy rating, twenty-four have issued a Hold rating and eight have issued a Sell rating to the company’s stock. According to data from MarketBeat, Intel has an average rating of “Reduce” and an average target price of $34.84.

Intel Trading Up 2.6%

The company has a 50 day moving average of $35.42 and a 200 day moving average of $26.69. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.25 and a current ratio of 1.60. The stock has a market capitalization of $164.81 billion, a price-to-earnings ratio of 3,453.45 and a beta of 1.31.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, October 23rd. The chip maker reported $0.23 earnings per share (EPS) for the quarter. The business had revenue of $13.65 billion during the quarter, compared to analyst estimates of $13.10 billion. Intel had a net margin of 0.37% and a negative return on equity of 0.75%. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.46) earnings per share. Intel has set its Q4 2025 guidance at 0.080-0.080 EPS. On average, research analysts predict that Intel Corporation will post -0.11 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in INTC. N.E.W. Advisory Services LLC purchased a new position in Intel during the first quarter worth approximately $25,000. HFM Investment Advisors LLC acquired a new stake in shares of Intel in the 1st quarter worth $25,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Intel during the 1st quarter worth $27,000. West Branch Capital LLC purchased a new position in shares of Intel during the 2nd quarter worth $28,000. Finally, Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna acquired a new position in shares of Intel during the 2nd quarter valued at about $28,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

About Intel

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.