Intel Corporation (NASDAQ:INTC – Get Free Report) shares shot up 11.2% during mid-day trading on Monday . The stock traded as high as $112.54 and last traded at $110.27. 135,308,851 shares changed hands during mid-day trading, an increase of 13% from the average session volume of 120,223,781 shares. The stock had previously closed at $99.17.
More Intel News
Here are the key news stories impacting Intel this week:
- Positive Sentiment: Reports that Google plans to use Intel to produce millions of AI chips, and that Nvidia may consider Intel as a backup foundry, support the case that Intel’s manufacturing business is finally attracting major customers. Google, Nvidia consider Intel as backup chip manufacturer, The Information reports
- Positive Sentiment: Intel’s collaboration with Hitachi to accelerate physical AI and industrial digital infrastructure adds another sign that the company is expanding its AI-related partnerships. Intel (INTC) and Hitachi Team Up to Accelerate Physical AI Across Industries
- Neutral Sentiment: Broader semiconductor stocks are rebounding as investors rotate back into AI and chip names after last week’s selloff, which is helping amplify Intel’s move.
- Neutral Sentiment: Some coverage also frames Intel’s surge as part of a wider AI trade bounce rather than a confirmed long-term business reset, so investors may still want to see actual contract details before assuming the gains are durable.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on INTC. Rosenblatt Securities raised their target price on shares of Intel from $30.00 to $50.00 and gave the stock a “sell” rating in a research report on Friday, April 24th. BNP Paribas Exane raised shares of Intel from an “underperform” rating to a “buy” rating and set a $60.00 price target on the stock in a research report on Tuesday, April 21st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Intel in a research report on Friday, April 24th. Roth Mkm raised shares of Intel from a “neutral” rating to a “buy” rating and set a $100.00 price target on the stock in a research report on Friday, April 24th. Finally, Bank of America lifted their price target on shares of Intel from $48.00 to $56.00 and gave the company an “underperform” rating in a research report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twenty-six have given a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $83.35.
Intel Price Performance
The company has a market cap of $553.76 billion, a PE ratio of -177.71 and a beta of 2.21. The business’s 50 day moving average price is $88.25 and its 200-day moving average price is $58.97. The company has a quick ratio of 1.85, a current ratio of 2.31 and a debt-to-equity ratio of 0.34.
Intel (NASDAQ:INTC – Get Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The chip maker reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.28. The company had revenue of $13.58 billion for the quarter, compared to analyst estimates of $12.32 billion. Intel had a negative net margin of 5.90% and a positive return on equity of 0.39%. The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.13 earnings per share. Intel has set its Q2 2026 guidance at 0.200-0.200 EPS. As a group, analysts forecast that Intel Corporation will post 0.63 earnings per share for the current year.
Insider Activity
In other news, EVP Boise April Miller sold 40,256 shares of Intel stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $99.53, for a total transaction of $4,006,679.68. Following the sale, the executive vice president owned 105,077 shares in the company, valued at $10,458,313.81. This trade represents a 27.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.05% of the stock is owned by corporate insiders.
Institutional Trading of Intel
A number of hedge funds have recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Intel in the fourth quarter worth $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 worth $2,902,180,000 after buying an additional 21,230,715 shares during the last quarter. 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 worth $982,279,000 after buying an additional 19,722,010 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Intel by 3.5% in the fourth quarter. Vanguard Group Inc. now owns 404,522,308 shares of the chip maker’s stock worth $14,926,873,000 after buying an additional 13,692,624 shares during the last quarter. Finally, Morgan Stanley increased its stake in shares of Intel by 20.4% in 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 last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.
Intel Company Profile
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.
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