Intel (NASDAQ:INTC) Stock Gets Price Target Trim from UBS Group

Intel (NASDAQ:INTC) had its price target reduced by UBS Group from $100.00 to $80.00 in a report issued on Friday morning,Benzinga reports. UBS Group currently has a neutral rating on the chip maker’s stock.

Several other equities research analysts have also commented on INTC. Wall Street Zen lowered shares of Intel from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Sanford C. Bernstein upgraded shares of Intel from a “hold” rating to an “outperform” rating in a research report on Monday, October 19th. Stifel Nicolaus set a $90.00 price target on shares of Intel in a research report on Friday. HSBC reaffirmed a “buy” rating on shares of Intel in a research note on Friday, July 24th. Finally, Bank of America cut Intel from a “buy” rating to a “neutral” rating and lowered their target price for the company from $145.00 to $100.00 in a report on Friday. Two 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 assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $97.42.

Intel Stock Performance

INTC opened at $65.76 on Friday. Intel has a 1-year low of $32.89 and a 1-year high of $142.35. The stock has a market cap of $331.69 billion, a P/E ratio of -27.29, a P/E/G ratio of 6.85 and a beta of 2.42. The stock’s 50 day simple moving average is $101.10 and its 200 day simple moving average is $86.36. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.21 and a quick ratio of 1.86.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, October 29th. The chip maker reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.11. The company had revenue of $16.51 billion for the quarter, compared to the consensus estimate of $16.56 billion. Intel had a positive return on equity of 4.42% and a negative net margin of 20.09%. Intel’s quarterly revenue was up 20.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.23 earnings per share. As a group, equities analysts anticipate that Intel will post 1.07 EPS for the current fiscal year.

Insider Activity

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Pathway Financial Advisers LLC purchased a new stake in shares of Intel in the third quarter valued at $25,000. Montgomery Financial Services LLC purchased a new position in Intel during the second quarter worth about $26,000. Next Level Wealth Planning LLC acquired a new stake in Intel in the 3rd quarter worth about $28,000. Glynn Capital Management LLC acquired a new stake in Intel in the 2nd quarter worth about $29,000. Finally, Knuff & Co LLC purchased a new stake in Intel in the 2nd quarter valued at about $29,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

More Intel News

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

About Intel

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.