Intel (NASDAQ:INTC – Get Free Report) had its price objective increased by Wells Fargo & Company from $110.00 to $120.00 in a report released on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the chip maker’s stock. Wells Fargo & Company‘s price objective suggests a potential upside of 19.72% from the stock’s previous close.
Other equities analysts have also issued reports about the stock. TD Cowen increased their price objective on shares of Intel from $75.00 to $115.00 and gave the company a “hold” rating in a research report on Monday, July 13th. Wolfe Research began coverage on shares of Intel in a report on Thursday, June 11th. They set a “peer perform” rating for the company. Zacks Research upgraded shares of Intel from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 23rd. Susquehanna increased their price target on shares of Intel from $80.00 to $115.00 and gave the company a “neutral” rating in a report on Thursday, July 16th. Finally, UBS Group set a $115.00 price objective on shares of Intel in a research report on Thursday, July 16th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, twenty-nine have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Intel has a consensus rating of “Hold” and an average price target of $102.88.
View Our Latest Stock Report on INTC
Intel Stock Performance
Intel (NASDAQ:INTC – Get Free Report) last posted its earnings results on Thursday, July 23rd. The chip maker reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.21. Intel had a positive return on equity of 0.39% and a negative net margin of 5.90%.During the same quarter last year, the firm posted ($0.10) EPS. Intel’s revenue was up 25.2% compared to the same quarter last year. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. On average, equities research analysts expect that Intel will post 0.65 earnings per share for the current year.
Insider Buying and Selling
In other Intel news, EVP Boise April Miller sold 40,256 shares of Intel stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $99.53, for a total value of $4,006,679.68. Following the completion of the sale, the executive vice president owned 105,077 shares in the company, valued at $10,458,313.81. The trade was a 27.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.05% of the company’s stock.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in INTC. Trust Asset Management LLC raised its position in shares of Intel by 8.6% in the second quarter. Trust Asset Management LLC now owns 51,805 shares of the chip maker’s stock valued at $7,234,000 after buying an additional 4,090 shares in the last quarter. Ballast Inc. bought a new stake in shares of Intel in the second quarter valued at approximately $328,000. Regent Peak Wealth Advisors LLC grew its position in Intel by 13.8% during the second quarter. Regent Peak Wealth Advisors LLC now owns 12,498 shares of the chip maker’s stock worth $1,745,000 after buying an additional 1,513 shares in the last quarter. Wedge Capital Management L L P NC acquired a new stake in Intel during the second quarter worth approximately $976,000. Finally, Abound Wealth Management increased its stake in Intel by 74.8% during the 2nd quarter. Abound Wealth Management now owns 1,813 shares of the chip maker’s stock worth $253,000 after acquiring an additional 776 shares during the period. 64.53% of the stock is owned by institutional investors.
Intel News Summary
Here are the key news stories impacting Intel this week:
- Positive Sentiment: Intel reported Q2 EPS of $0.42 versus $0.21 expected, while revenue rose 24.8%-25.2% year over year to about $16.1 billion, marking the company’s strongest growth in more than 15 years.
- Positive Sentiment: The company’s Q3 guidance came in above consensus, with management forecasting revenue of $15.8 billion to $16.8 billion and EPS of $0.38, signaling confidence that demand remains solid.
- Positive Sentiment: Several reports highlighted accelerating data center and AI sales, including a 59% jump in data center and AI revenue, which supports the view that Intel is gaining traction in a key growth market.
- Positive Sentiment: News that Intel and Fortinet collaborated on a new security processor, plus Intel’s first named outside foundry customer, strengthened the narrative that the foundry business is starting to attract real commercial momentum.
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.
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