Intel (NASDAQ:INTC) Shares Gap Up – Still a Buy?

Intel Corporation (NASDAQ:INTC) gapped up prior to trading on Wednesday . The stock had previously closed at $107.93, but opened at $116.42. Intel shares last traded at $115.02, with a volume of 35,307,223 shares.

Intel News Summary

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel CEO Lip-Bu Tan used Computex to reframe Intel’s relationship with TSMC as a partnership rather than a rivalry, which helped ease competitive concerns and supported shares. The event also highlighted Intel’s Xeon 6 Plus launch and broader AI infrastructure roadmap. Intel (INTC) Stock Rallies 6% After CEO Reframes TSMC Relationship at Computex
• Positive Sentiment: Management commentary and media coverage pointed to surging CPU demand tied to agentic AI growth, reinforcing the view that Intel still has strength in its core processor business. Intel Calls Taiwan Semiconductor Trusted Partner, Not Rival
• Positive Sentiment: Intel’s Computex presentations and follow-up coverage emphasized a broader AI push, including Xeon 6 Plus, Ethernet, and upcoming AI data-center chip plans, which investors may see as evidence the company is expanding beyond legacy PC exposure. Intel Announces New AI Innovations at Computex — Chip to Rackscale AI Solutions Delivered to Customers with the Help of Strategic Industry Partners
• Neutral Sentiment: YieldMax launched an options-income ETF tied to Intel, adding attention around the stock but not changing the operating outlook. YieldMax® Introduces Option Income Strategy ETF on Intel Corp. (INTC)
• Negative Sentiment: The rally is also happening after recent volatility driven by Nvidia’s new AI PC chip, which had pressured Intel earlier in the week and raised concerns about tougher competition in client computing. Nvidia’s new PC chips represent CEO Huang’s bid to win at every layer of AI stack

Analysts Set New Price Targets

A number of analysts have recently issued reports on INTC shares. Stifel Nicolaus lifted their price objective on shares of Intel from $65.00 to $75.00 and gave the company a “hold” rating in a research note on Friday, April 24th. Northland Securities lowered shares of Intel from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 26th. TD Cowen lifted their price target on shares of Intel from $60.00 to $75.00 and gave the stock a “hold” rating in a research note on Friday, April 24th. KGI Securities cut shares of Intel from an “outperform” rating to a “neutral” rating and set a $71.00 price objective for the company. in a research report on Monday, April 20th. Finally, Freedom Capital raised Intel from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twenty-six have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, Intel presently has a consensus rating of “Hold” and a consensus price target of $83.35.

Intel Trading Up 6.0%

The company has a market cap of $574.87 billion, a P/E ratio of -184.48 and a beta of 2.21. The business has a fifty day simple moving average of $83.20 and a 200 day simple moving average of $56.95. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.85 and a current ratio of 2.31.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, April 23rd. The chip maker reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.28. The firm had revenue of $13.58 billion for the quarter, compared to analysts’ expectations of $12.32 billion. Intel had a positive return on equity of 0.39% and a negative net margin of 5.90%.The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period last year, the business posted $0.13 earnings per share. Intel has set its Q2 2026 guidance at 0.200-0.200 EPS. Analysts anticipate that Intel Corporation will post 0.63 earnings per share for the current fiscal year.

Insider Transactions at Intel

In other Intel news, EVP Boise April Miller sold 40,256 shares of Intel stock in a transaction that occurred 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 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 legal filing with the SEC, which is available at this link. 0.05% of the stock is owned by corporate insiders.

Institutional Trading of Intel

Several hedge funds have recently made changes to their positions in INTC. Norges Bank bought a new stake in Intel in the 4th quarter valued at about $2,233,159,000. Capital World Investors increased its stake in shares of Intel by 32.5% in the third quarter. Capital World Investors now owns 86,503,121 shares of the chip maker’s stock valued at $2,902,180,000 after purchasing an additional 21,230,715 shares during the period. Capital Research Global Investors increased its stake in shares of Intel by 285.9% in the fourth quarter. Capital Research Global Investors now owns 26,619,928 shares of the chip maker’s stock valued at $982,279,000 after purchasing an additional 19,722,010 shares during the period. Vanguard Group Inc. raised its holdings in shares of Intel by 3.5% during the fourth quarter. Vanguard Group Inc. now owns 404,522,308 shares of the chip maker’s stock valued at $14,926,873,000 after buying an additional 13,692,624 shares during the last quarter. Finally, Morgan Stanley boosted its position in shares of Intel by 20.4% during the fourth quarter. Morgan Stanley now owns 65,249,269 shares of the chip maker’s stock worth $2,407,698,000 after buying an additional 11,056,090 shares during the period. Institutional investors own 64.53% of the company’s stock.

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.