Intel (NASDAQ:INTC) Trading Down 8.5% – Here’s What Happened

Intel Corporation (NASDAQ:INTC)’s share price was down 8.5% during mid-day trading on Tuesday . The stock traded as low as $116.00 and last traded at $117.05. Approximately 130,651,723 shares were traded during mid-day trading, an increase of 8% from the average daily volume of 121,398,703 shares. The stock had previously closed at $127.86.

Key Headlines Impacting Intel

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel continues to benefit from enthusiasm around its AI and foundry strategy, with multiple articles highlighting its growing role in AI infrastructure, server CPUs, and as a potential alternative to TSMC in hyperscaler and chip manufacturing partnerships.
• Positive Sentiment: Analyst sentiment improved after a Bank of America double upgrade, and other commentary noted Intel is becoming a more credible turnaround and AI beneficiary story. Article Title
• Positive Sentiment: Recent coverage also emphasized strong AI memory demand and a broader semiconductor rally, which had helped lift Intel alongside peers earlier in the week.
• Neutral Sentiment: Intel-backed Mobileye’s plan to launch its own robotaxi business in 2027 adds long-term optionality to Intel’s ecosystem, but it is not an immediate catalyst for Intel shares.
• Negative Sentiment: The main driver of today’s weakness appears to be profit-taking after Intel’s rapid run-up, with investors rotating out of crowded chip trades even though the company’s turnaround narrative remains intact. Article Title

Analyst Ratings Changes

Several analysts recently commented on INTC shares. HSBC raised shares of Intel from a “hold” rating to a “buy” rating and increased their target price for the company from $50.00 to $95.00 in a research note on Tuesday, April 21st. Mizuho increased their target price on shares of Intel from $124.00 to $128.00 and gave the company a “neutral” rating in a research note on Monday, June 1st. Arete Research increased their target price on shares of Intel from $20.40 to $99.00 and gave the company a “neutral” rating in a research note on Wednesday, June 10th. Northland Securities lowered shares of Intel from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 26th. Finally, Citigroup raised shares of Intel from a “buy” rating to a “buy” rating in a research note on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twenty-seven have issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $85.98.

Intel Stock Performance

The firm’s fifty day moving average price is $96.72 and its 200 day moving average price is $62.39. 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 has a market capitalization of $588.29 billion, a PE ratio of -188.79 and a beta of 2.21.

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

Insider Activity

In related news, EVP Boise April Miller sold 40,256 shares of the stock in a transaction on Friday, May 1st. The stock was sold at an average price of $99.53, for a total transaction 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 approximately $10,458,313.81. This trade 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 accessible through the SEC website. Corporate insiders own 0.05% of the company’s stock.

Institutional Trading of Intel

Hedge funds and other institutional investors have recently modified their holdings of the company. iA Global Asset Management Inc. lifted its stake in Intel by 17.0% in the fourth quarter. iA Global Asset Management Inc. now owns 593,043 shares of the chip maker’s stock valued at $21,883,000 after buying an additional 86,189 shares in the last quarter. Whalerock Point Partners LLC bought a new position in Intel in the fourth quarter valued at approximately $205,000. Van ECK Associates Corp lifted its stake in Intel by 18.3% in the third quarter. Van ECK Associates Corp now owns 55,521,741 shares of the chip maker’s stock valued at $1,862,755,000 after buying an additional 8,569,812 shares in the last quarter. Heritage Investment Group Inc. bought a new position in Intel in the fourth quarter valued at approximately $219,000. Finally, Dixon Mitchell Investment Counsel Inc. bought a new position in Intel in the fourth quarter valued at approximately $185,000. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Intel Company Profile

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.