Intel (NASDAQ:INTC) Stock Price Up 10.6% – Here’s What Happened

Shares of Intel Corporation (NASDAQ:INTC) were up 10.6% on Thursday . The company traded as high as $135.48 and last traded at $133.99. 230,234,505 shares were traded during trading, an increase of 88% from the average daily volume of 122,459,820 shares. The stock had previously closed at $121.10.

Trending Headlines about Intel

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Trump’s comments that Apple has agreed to work with Intel on U.S. chip design and production sparked a strong rally, with investors seeing the potential for a high-profile foundry win and a major endorsement of Intel’s turnaround. Reuters: Trump says Apple to work with Intel to manufacture chips in US
• Positive Sentiment: Intel appointed Seok-Hee Lee, a former SK Hynix executive, to lead advanced packaging and back-end foundry manufacturing, which could improve execution in a critical growth area. Reuters: Intel taps industry veteran Seok-Hee Lee
• Positive Sentiment: Intel Foundry said its 18A-P process entered risk production, a milestone that supports the company’s roadmap and strengthens the case for a manufacturing recovery. Yahoo Finance: Intel Foundry Advances Intel 18A-P Process to Risk Production
• Neutral Sentiment: Several opinion pieces and market commentary continue to debate whether Intel’s valuation has run ahead of fundamentals, suggesting expectations are now very high after the rally. 247WallSt: Analyst Warns Intel Valuation Doesn’t Make Sense
• Negative Sentiment: Some analysts remain cautious, arguing Intel’s recent price move may be pricing in too much too quickly and that execution risks remain before the turnaround is fully proven. Seeking Alpha: Intel the Re-Rating Has Gone Too Far

Analysts Set New Price Targets

Several equities analysts recently issued reports on INTC shares. BNP Paribas Exane upgraded Intel from an “underperform” rating to a “buy” rating and set a $60.00 price target on the stock in a report on Tuesday, April 21st. TD Cowen boosted their price objective on Intel from $60.00 to $75.00 and gave the stock a “hold” rating in a report on Friday, April 24th. Mizuho upped their target price on shares of Intel from $124.00 to $128.00 and gave the company a “neutral” rating in a research report on Monday, June 1st. Royal Bank Of Canada reaffirmed a “neutral” rating and issued a $80.00 target price on shares of Intel in a research note on Monday, May 4th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and set a $100.00 price target on shares of Intel in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, twenty-seven have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $87.09.

Intel Price Performance

The company has a market cap of $673.43 billion, a price-to-earnings ratio of -216.11 and a beta of 2.21. The company has a current ratio of 2.31, a quick ratio of 1.85 and a debt-to-equity ratio of 0.34. The firm’s fifty day moving average price is $102.59 and its 200-day moving average price is $64.69.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, April 23rd. The chip maker reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.28. The business had revenue of $13.58 billion during the quarter, compared to analysts’ expectations of $12.32 billion. Intel had a negative net margin of 5.90% and a positive return on equity of 0.39%. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.13 EPS. Intel has set its Q2 2026 guidance at 0.200-0.200 EPS. Sell-side analysts predict that Intel Corporation will post 0.63 earnings per share for the current year.

Insider Activity

In other Intel news, EVP Boise April Miller sold 40,256 shares of the stock in a transaction dated Friday, May 1st. The stock was 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 directly owned 105,077 shares in the company, valued at $10,458,313.81. This represents a 27.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.05% of the stock is owned by company insiders.

Hedge Funds Weigh In On Intel

Several institutional investors and hedge funds have recently modified their holdings of INTC. Southern Financial Group LLC increased its position in Intel by 0.6% in the 1st quarter. Southern Financial Group LLC now owns 14,313 shares of the chip maker’s stock valued at $632,000 after acquiring an additional 90 shares during the period. Demars Financial Group LLC lifted its holdings in Intel by 1.7% during the 1st quarter. Demars Financial Group LLC now owns 7,675 shares of the chip maker’s stock worth $339,000 after buying an additional 125 shares during the period. Human Investing LLC grew its position in shares of Intel by 0.9% in the 1st quarter. Human Investing LLC now owns 14,525 shares of the chip maker’s stock valued at $641,000 after buying an additional 126 shares during the last quarter. Raleigh Capital Management Inc. grew its position in shares of Intel by 15.9% in the 1st quarter. Raleigh Capital Management Inc. now owns 924 shares of the chip maker’s stock valued at $41,000 after buying an additional 127 shares during the last quarter. Finally, Angeles Wealth Management LLC increased its stake in shares of Intel by 0.7% in the first quarter. Angeles Wealth Management LLC now owns 19,107 shares of the chip maker’s stock valued at $843,000 after buying an additional 134 shares during the period. 64.53% of the stock is currently owned by institutional investors and hedge funds.

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.