Intel’s (INTC) Neutral Rating Reiterated at Wedbush

Wedbush restated their neutral rating on shares of Intel (NASDAQ:INTC) in a research note released on Tuesday morning,Benzinga reports. Wedbush currently has a $98.00 price target on the chip maker’s stock.

Other research analysts have also issued research reports about the stock. Daiwa Securities Group lowered shares of Intel from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Rosenblatt Securities lifted their price objective on shares of Intel from $65.00 to $80.00 and gave the company a “sell” rating in a research note on Friday, July 24th. Susquehanna decreased their price objective on shares of Intel from $115.00 to $105.00 and set a “neutral” rating for the company in a report on Wednesday, October 21st. Citigroup initiated coverage on shares of Intel in a research report on Monday, October 19th. They set an “outperform” rating on the stock. Finally, Bank of America lowered their target price on shares of Intel from $160.00 to $145.00 and set a “buy” rating on the stock in a research report on Wednesday, August 12th. Two research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, twenty-six have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $108.23.

Intel Trading Down 3.6%

NASDAQ:INTC opened at $92.07 on Tuesday. The stock’s 50 day moving average price is $101.63 and its 200 day moving average price is $86.25. Intel has a 52 week low of $32.89 and a 52 week high of $142.35. The company has a market capitalization of $464.40 billion, a P/E ratio of 154.08, a P/E/G ratio of 10.14 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.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, October 29th. The chip maker reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.11. The firm had revenue of $16.51 billion for the quarter, compared to analyst estimates of $16.56 billion. Intel had a negative net margin of 19.79% and a positive return on equity of 2.62%. The company’s revenue for the quarter was up 20.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.23 earnings per share. On average, research analysts forecast that Intel will post 1.05 EPS for the current fiscal year.

Insider Activity

In other news, CEO Lip Bu Tan acquired 105,263 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The stock was acquired at an average cost 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 in the company, valued at approximately $124,893,555. This represents a 8.70% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.05% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. State Street Corp boosted its holdings in Intel by 1.2% in the 2nd quarter. State Street Corp now owns 216,849,675 shares of the chip maker’s stock valued at $30,278,720,000 after purchasing an additional 2,528,657 shares during the period. Primecap Management Co. CA bought a new position in shares of Intel during the 2nd quarter worth about $10,507,291,000. Amundi raised its position in shares of Intel by 14.9% during the first quarter. Amundi now owns 38,969,192 shares of the chip maker’s stock valued at $1,719,710,000 after buying an additional 5,045,936 shares during the last quarter. Bank of America Corp DE raised its position in shares of Intel by 35.7% during the second quarter. Bank of America Corp DE now owns 31,724,362 shares of the chip maker’s stock valued at $4,429,673,000 after buying an additional 8,342,514 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Intel by 0.4% during the first quarter. Bank of New York Mellon Corp now owns 30,700,929 shares of the chip maker’s stock valued at $1,354,832,000 after buying an additional 112,054 shares during the last quarter. Institutional investors and hedge funds 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 reported third-quarter adjusted earnings of $0.52 per share, above the roughly $0.39–$0.41 consensus, while revenue reached approximately $16.5 billion. Intel Q3 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Data Center and AI revenue surged 78% year over year to $7.3 billion, with operating income from the business roughly tripling. Intel Foundry revenue also increased 58% to $6.7 billion. Intel Server Sales Jump 78%, Q4 Outlook Dims
• Neutral Sentiment: Intel’s planned $2.3 billion acquisition of quantum-computing software company Classiq could broaden its long-term technology portfolio, but the deal adds investment demands while near-term profitability and cash-flow execution remain key investor concerns. Intel Just Made a $2.3 Billion Quantum Buy
• Negative Sentiment: Intel forecast fourth-quarter revenue of $15 billion to $16 billion and adjusted EPS of about $0.25, well below analyst expectations of roughly $17.29 billion in revenue and $0.45 EPS. Intel Shares Tumble on Lower Profit, Weak Guidance
• Negative Sentiment: Management said the PC slowdown is expected to continue at least through the first half of next year. Client Computing and Physical AI revenue fell 5% year over year, and an explosion at an Intel facility in Israel added to near-term operational uncertainty. Intel Forecast Disappoints as PC Weakness Weighs

Intel Company Profile

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.