Intel Corporation (NASDAQ: INTC) saw its shares reach a new 52-week high during trading on October 23, 2023. The stock peaked at $44.57 before closing at $43.72 with a trading volume of 74,428,197 shares. This marks a significant increase from the previous close of $40.04.
Analyst Upgrades Drive Stock Performance
Several brokerage firms have recently updated their price targets for Intel, positively impacting investor sentiment. On October 22, Wedbush raised its price objective from $19.00 to $20.00, maintaining a “neutral” rating. In a more aggressive move, Northland Securities increased its target from $28.00 to $42.00 on September 19. Other firms, including Loop Capital and Mizuho, also revised their forecasts, with Loop Capital raising its target to $40.00 and Mizuho setting it at $41.00.
Overall, the consensus among analysts indicates a mixed outlook for Intel, with four analysts rating the stock as a Buy, twenty-four as a Hold, and eight as a Sell. According to MarketBeat.com, the average rating is “Reduce,” with a target price of $35.88.
Recent Financial Performance
In its most recent earnings report, released on October 23, Intel reported earnings of $0.23 per share for the quarter. The company generated $13.65 billion in revenue, surpassing the consensus estimate of $13.10 billion. This represents a year-over-year revenue increase of 3.0%. In contrast, during the same quarter last year, Intel recorded a loss of ($0.46) per share.
Intel’s guidance for the fourth quarter of 2025 suggests earnings per share in the range of $0.080 to $0.080. Analysts forecast a challenging year ahead, with expectations for the current fiscal year indicating a projected loss of $0.11 per share.
As for key financial metrics, Intel maintains a market capitalization of $196.38 billion, with a price-to-earnings (P/E) ratio of 4,115.12 and a price-to-earnings-to-growth (P/E/G) ratio of 27.13. The company’s moving averages stand at $37.95 for the fifty-day and $30.97 for the 200-day.
Intel’s financial health appears stable, as indicated by a quick ratio of 1.25, a current ratio of 1.60, and a debt-to-equity ratio of 0.38.
Institutional Investor Activity
Recent movements among institutional investors reflect growing interest in Intel shares. West Branch Capital LLC acquired a new stake valued at approximately $28,000 in the second quarter, while Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna made a similar investment. Other notable acquisitions include Corundum Trust Company INC and Eukles Asset Management, which raised its holdings by 55.6% during the same period.
In total, institutional investors hold 64.53% of Intel’s stock, underscoring the confidence of large investors in the company’s potential.
Founded in 1968 by Robert Noyce and Gordon E. Moore, Intel Corporation is headquartered in Santa Clara, California. The company is renowned for its pioneering role in semiconductor technology, including the introduction of the first commercial microprocessor. Intel continues to be a leader in the design and manufacturing of processors and related components for a wide range of computing applications.
