Intel (NASDAQ:INTC) Cut to Hold at Freedom Broker

Freedom Broker lowered shares of Intel (NASDAQ:INTC) from a buy rating to a hold rating in a research report report published on Friday morning,Benzinga reports. They currently have $90.00 target price on the chip maker’s stock, down from their prior target price of $100.00.

A number of other research analysts have also recently commented on INTC. Daiwa Securities Group cut shares of Intel from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Weiss Ratings lowered Intel from a “hold (c-)” rating to a “sell (d)” rating in a research note on Friday, October 23rd. Seaport Research Partners cut Intel from a “buy” rating to a “neutral” rating in a report on Friday. Rosenblatt Securities decreased their price target on Intel from $80.00 to $70.00 and set a “sell” rating on the stock in a research note on Friday. Finally, TD Cowen lowered their price target on Intel from $95.00 to $75.00 and set a “hold” rating on the stock in a research report on Friday. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, twenty-eight have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Intel has a consensus rating of “Hold” and an average target price of $97.42.

Intel Price Performance

INTC stock opened at $65.76 on Friday. Intel has a twelve month low of $32.89 and a twelve month high of $142.35. The company has a quick ratio of 1.86, a current ratio of 2.21 and a debt-to-equity ratio of 0.35. The company has a market cap of $331.69 billion, a PE ratio of -27.29, a price-to-earnings-growth ratio of 6.85 and a beta of 2.42. The business’s 50-day simple moving average is $101.10 and its 200 day simple moving average is $86.36.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, October 29th. The chip maker reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.11. Intel had a negative net margin of 20.09% and a positive return on equity of 4.42%. The company had revenue of $16.51 billion during the quarter, compared to analysts’ expectations of $16.56 billion. During the same quarter in the prior year, the company posted $0.23 EPS. The business’s revenue was up 20.9% on a year-over-year basis. On average, research analysts anticipate that Intel will post 1.07 earnings per share for the current year.

Insider Transactions at Intel

In other Intel news, CEO Lip Bu Tan acquired 105,263 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The shares were acquired at an average price of $95.00 per share, with a total value of $9,999,985.00. Following the purchase, the chief executive officer owned 1,314,669 shares of the company’s stock, valued at $124,893,555. This represents a 8.70% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.05% of the company’s stock.

Hedge Funds Weigh In On Intel

Large investors have recently modified their holdings of the business. Pathway Financial Advisers LLC acquired a new position in shares of Intel in the third quarter valued at approximately $25,000. Northeast Investment Management lifted its holdings in Intel by 8.9% during the 3rd quarter. Northeast Investment Management now owns 28,322 shares of the chip maker’s stock worth $3,405,000 after purchasing an additional 2,312 shares during the last quarter. Richardson Financial Services Inc. boosted its stake in Intel by 36.9% in the 3rd quarter. Richardson Financial Services Inc. now owns 6,590 shares of the chip maker’s stock valued at $792,000 after purchasing an additional 1,777 shares during the period. Ascent Group LLC boosted its stake in Intel by 2.6% in the 3rd quarter. Ascent Group LLC now owns 79,903 shares of the chip maker’s stock valued at $9,607,000 after purchasing an additional 2,024 shares during the period. Finally, 3Chopt Investment Partners LLC grew its holdings in Intel by 23.5% in the 3rd quarter. 3Chopt Investment Partners LLC now owns 9,989 shares of the chip maker’s stock valued at $1,201,000 after buying an additional 1,898 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Intel

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel’s third-quarter revenue rose 20.9% year over year to $16.51 billion, while adjusted earnings of $0.52 per share exceeded consensus estimates. Data-center growth and the company’s shipment of products built on its advanced 18A process provide evidence that its turnaround remains possible. INTC Q3 deep dive
• Positive Sentiment: Northland Securities raised its earnings estimates for Intel, and some longer-term commentary points to potential benefits from 18A production and strategic investments by the U.S. government, Nvidia and SoftBank. These factors may attract dip buyers, although they have not offset near-term concerns. Northland Securities boosts earnings estimates
• Neutral Sentiment: The broader technology market is also under pressure, with chip stocks contributing to a sharp Nasdaq selloff and investors reducing exposure to cash-intensive artificial-intelligence investments. This market backdrop is amplifying Intel-specific volatility. Nasdaq tumbles as chip stocks fall
• Negative Sentiment: Intel’s outlook is the principal catalyst for selling. Next-quarter revenue guidance of approximately $15.5 billion was materially below analyst expectations, reflecting weaker PC demand and supply or capacity constraints that could limit the recovery. Analyst warns on Intel capacity woes
• Negative Sentiment: Multiple firms, including Seaport Global, Bank of America, Roth Capital and Freedom Broker, downgraded Intel to neutral or hold, while Citigroup, Cantor Fitzgerald, Susquehanna, Truist and other firms cut price targets. Analysts cited execution risk, capacity missteps and a slowing PC market, reinforcing concerns that the stock may remain “dead money” until planning and production problems improve. Seaport Global downgrades Intel

Intel Company Profile

Intel Corporation (NASDAQ:INTC) is a global semiconductor company that designs and manufactures computing and connectivity products. Its portfolio includes Intel Core processors for personal computers, Xeon processors for data centers and enterprise systems, and products for networking, edge computing, graphics, and artificial intelligence workloads.

Through Intel Foundry, the company also provides semiconductor manufacturing and technology-development services for external customers. Intel develops process technologies, advanced packaging, and other manufacturing capabilities intended to support its own products and third-party chip designs.

Founded in 1968 by Robert Noyce and Gordon Moore, Intel helped establish the modern microprocessor industry and has historically supplied processors for PCs, servers, and other computing systems.