Intel (NASDAQ:INTC) Stock Price Up 2.3% – Here’s What Happened

Intel Corporation (NASDAQ:INTC)’s stock price shot up 2.3% during mid-day trading on Wednesday . The stock traded as high as $35.75 and last traded at $35.11. 65,116,837 shares traded hands during mid-day trading, a decline of 37% from the average session volume of 102,679,406 shares. The stock had previously closed at $34.33.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Erste Group Bank upgraded Intel from a “sell” rating to a “hold” rating in a report on Monday, September 22nd. Citigroup restated a “sell” rating and set a $29.00 price target (up previously from $24.00) on shares of Intel in a research note on Friday, September 19th. Hsbc Global Res downgraded Intel from a “hold” rating to a “moderate sell” rating in a report on Tuesday, October 7th. Tigress Financial upped their price objective on shares of Intel from $45.00 to $52.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Finally, KeyCorp reissued a “sector weight” rating on shares of Intel in a research report on Monday, October 20th. Two analysts have rated the stock with a Buy rating, twenty-four have given a Hold rating and eight have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $34.84.

Intel Price Performance

The company has a market cap of $164.81 billion, a PE ratio of 3,453.45 and a beta of 1.31. The company has a quick ratio of 1.25, a current ratio of 1.60 and a debt-to-equity ratio of 0.38. The firm has a 50 day simple moving average of $35.63 and a 200-day simple moving average of $26.79.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, October 23rd. The chip maker reported $0.23 earnings per share for the quarter. The business had revenue of $13.65 billion for the quarter, compared to analysts’ expectations 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 was up 3.0% compared to the same quarter last year. During the same period last year, the business earned ($0.46) EPS. Intel has set its Q4 2025 guidance at 0.080-0.080 EPS. As a group, research analysts predict that Intel Corporation will post -0.11 earnings per share for the current fiscal year.

Institutional Trading of Intel

Hedge funds and other institutional investors have recently made changes to their positions in the business. Westbourne Investments Inc. increased its stake in shares of Intel by 319.4% in the first quarter. Westbourne Investments Inc. now owns 71,425 shares of the chip maker’s stock worth $1,622,000 after acquiring an additional 54,395 shares during the period. Vanguard Group Inc. boosted its holdings in Intel by 2.3% in the second quarter. Vanguard Group Inc. now owns 385,903,735 shares of the chip maker’s stock valued at $8,644,244,000 after purchasing an additional 8,513,298 shares during the last quarter. Pacific Wealth Management purchased a new stake in Intel in the second quarter valued at $1,593,000. Econ Financial Services Corp acquired a new stake in Intel during the 2nd quarter worth about $754,000. Finally, Y Intercept Hong Kong Ltd raised its stake in shares of Intel by 6,865.7% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 1,151,425 shares of the chip maker’s stock valued at $25,792,000 after buying an additional 1,134,895 shares during the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

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.