Hansen, Mueller Industries director, sells $105,710 in stock
Investing.com - Benchmark raised its price target on Intel (NASDAQ:INTC) to $50.00 from $43.00 on Friday, while maintaining a Buy rating on the semiconductor giant. The stock, which has surged over 72% in the past six months and currently trades near its 52-week high, appears overvalued according to InvestingPro’s Fair Value model.
The firm cited Intel’s strong September performance, marking the company’s fourth consecutive quarter of results exceeding guidance and its first return to profitability after six consecutive quarters of GAAP losses. While the company reported negative earnings of $4.73 per share over the last twelve months, InvestingPro analysts forecast a return to profitability in 2025.
Benchmark noted that customer demand is currently outstripping supply, driven largely by growth in AI infrastructure spending and adoption of AI PCs, along with the industry’s better-than-expected transition to Windows 11.
The research firm indicated that Intel expects industry compute demand to exceed its supply capabilities well into 2026, across both its Client and Data Center AI businesses.
Particular capacity constraints are being observed across Intel’s older process nodes of Intel 10 and 7, where the company is not adding additional resources as it anticipates transitioning to more advanced nodes including Intel 3 and 4, as well as 18A and eventually 14A.
In other recent news, Intel reported third-quarter revenue of $13.65 billion and earnings per share of $0.23, surpassing consensus estimates of $13.15 billion and $0.01, respectively. This strong performance was driven by the Client Computing Group, which benefited from Windows end-of-life and PC refresh cycles. Following these results, Bernstein raised its price target for Intel to $35, maintaining a Market Perform rating. Similarly, Baird increased its price target to $40, citing promising early performance on Intel’s 14A process technology. Meanwhile, Rosenblatt raised its price target to $25, highlighting Intel’s balance sheet improvements and cost reduction efforts, although it maintained a Sell rating. Mizuho also increased its price target to $41, noting progress in Intel’s 18A process technology yields. Stifel reiterated a $35 price target, emphasizing Intel’s strong third-quarter performance in revenue, margin, and adjusted earnings per share. These developments reflect a range of analyst perspectives on Intel’s recent achievements and future potential.
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