Intel (NASDAQ:INTC) Trading 1.7% Higher – Here’s Why

Posted by George Bondi on Sep 24th, 2026

Intel Corporation (NASDAQ:INTC – Get Free Report)’s share price was up 1.7% during trading on Tuesday . The company traded as high as $124.09 and last traded at $123.86. Approximately 107,469,020 shares changed hands during mid-day trading, a decline of 9% from the average session volume of 118,028,172 shares. The stock had previously closed at $121.78.

Intel News Summary

Here are the key news stories impacting Intel this week:

Positive Sentiment: Intel’s underlying demand narrative remains supportive: CEO Lip-Bu Tan reportedly said the company can supply only about half of customer CPU demand, suggesting strong interest in its processors and potential revenue upside if production expands. Intel CPU demand article
Positive Sentiment: Intel continues to receive attention for its AI and foundry turnaround prospects, including possible outside customers for its next-generation manufacturing process and the potential strategic value of its Ohio site. These developments remain prospective rather than confirmed catalysts. Intel foundry customer article
Neutral Sentiment: Intel’s quantum-computing work received a technical boost after IonQ demonstrated that a quantum error-correction decoder could run on a standard CPU with minimal overhead. However, the development has no immediate revenue impact. Intel quantum-computing article
Negative Sentiment: Semiconductor stocks are retreating as bond yields reach multiyear highs, raising the discount rate applied to richly valued AI and technology shares. Intel, Nvidia and AMD are being pressured together in a broad sector move. Semiconductor stocks and bond yields article
Negative Sentiment: TD Cowen maintained a Hold rating and set a $115 price target, arguing that Intel needs stronger Products revenue growth—not just foundry progress—to justify further upside. The target is below the recent trading level, reinforcing valuation concerns after the stock’s substantial rally. Intel analyst rating article

Analysts Set New Price Targets

Several equities analysts recently weighed in on INTC shares. Robert W. Baird raised their price objective on Intel from $75.00 to $125.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Sanford C. Bernstein reaffirmed a “neutral” rating on shares of Intel in a research note on Monday. Wall Street Zen cut Intel from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. DA Davidson boosted their target price on shares of Intel from $77.00 to $100.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Finally, Wells Fargo & Company lifted their price target on shares of Intel from $110.00 to $120.00 and gave the stock an “equal weight” rating in a report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, twenty-six have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Intel currently has an average rating of “Hold” and a consensus target price of $108.49.

Read Our Latest Research Report on INTC

Intel Trading Up 0.5%

The business’s 50 day moving average is $97.90 and its 200-day moving average is $93.85. The company has a quick ratio of 1.25, a current ratio of 1.60 and a debt-to-equity ratio of 0.47. The firm has a market cap of $621.50 billion, a P/E ratio of -58.36, a price-to-earnings-growth ratio of 13.22 and a beta of 2.22.

Intel (NASDAQ:INTC – Get Free Report) last issued its earnings results on Thursday, July 23rd. The chip maker reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.21. Intel had a negative net margin of 19.79% and a positive return on equity of 2.62%. The firm had revenue of $16.13 billion for the quarter, compared to analysts’ expectations of $14.43 billion. During the same quarter last year, the company posted ($0.10) earnings per share. Intel’s revenue was up 25.2% on a year-over-year basis. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. As a group, analysts forecast that Intel Corporation will post 1.04 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Lip Bu Tan purchased 105,263 shares of the stock in a transaction dated Tuesday, August 11th. The shares were bought at an average cost of $95.00 per share, for a total transaction of $9,999,985.00. Following the transaction, the chief executive officer owned 1,314,669 shares in the company, valued at $124,893,555. This trade represents a 8.70% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.05% of the company’s stock.

Institutional Trading of Intel

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Primecap Management Co. CA bought a new position in Intel in the 2nd quarter worth approximately $10,507,291,000. Norges Bank acquired a new position in Intel during the 4th quarter valued at about $2,233,159,000. Legal & General Group Plc purchased a new stake in Intel in the second quarter valued at about $4,096,110,000. Capital Research Global Investors raised its stake in 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 buying an additional 19,722,010 shares during the last quarter. Finally, Capital World Investors boosted its holdings in Intel by 20.3% in the fourth quarter. Capital World Investors now owns 104,060,268 shares of the chip maker’s stock worth $3,839,833,000 after acquiring an additional 17,557,147 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors.

About Intel

(Get Free Report)

Intel Corporation (NASDAQ: INTC) is a global semiconductor company that designs and manufactures computing and communications products. Its portfolio includes Intel Core processors for personal computers, Xeon processors for data centers and enterprise systems, and products for edge computing, networking, and other specialized applications.

Intel also develops graphics processing units under its Intel Arc and Intel Data Center GPU brands, Gaudi artificial intelligence accelerators, Ethernet products, software, and related platform technologies.