Intel (NASDAQ:INTC) Stock Price Down 3.8% – What’s Next?

Shares of Intel Corporation (NASDAQ:INTC) fell 3.8% during mid-day trading on Wednesday. The company traded as low as $56.77 and last traded at $58.27. 187,816,943 shares traded hands during mid-day trading, an increase of 59% from the average daily volume of 118,097,531 shares. The stock had previously closed at $60.55.

Trending Headlines about Intel

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel joined a broad recovery in semiconductor stocks as investors bought shares after Thursday’s steep AI-related selloff. The rebound lifted the Nasdaq, though worries about interest rates and AI spending persisted. Market and chip-stock rebound
• Positive Sentiment: CEO Lip-Bu Tan bought 150,000 shares for about $9.7 million, increasing his direct ownership by 11.4%. The insider purchase may signal confidence, although it does not resolve Intel’s operating challenges. Report on CEO share purchase
• Positive Sentiment: Intel technology is being used in Atsign’s EdgeAI platform, while a separate report highlighted Xeon processors for enterprise AI workloads. These developments support Intel’s effort to build AI-related demand beyond traditional PC chips. Intel EdgeAI and Xeon developments
• Negative Sentiment: The recovery follows pressure from Intel’s fourth-quarter revenue outlook of $15 billion to $16 billion and management’s warning that PC weakness could extend into 2027. A securities law firm has also announced an investigation into potential investor claims; this is an investigation notice, not a finding of wrongdoing. Investigation notice and outlook concerns
• Negative Sentiment: Analyst estimate reductions and ongoing concerns about losses in Intel Foundry add to doubts about earnings momentum and the execution of its turnaround. Analysis of Intel Foundry risks

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on INTC shares. Truist Financial dropped their price target on shares of Intel from $108.00 to $72.00 and set a “hold” rating for the company in a research report on Friday, October 30th. Citigroup dropped their price objective on shares of Intel from $130.00 to $100.00 and set a “buy” rating on the stock in a report on Friday, October 30th. Daiwa Securities Group cut shares of Intel from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Evercore reiterated an “outperform” rating and set a $133.00 price objective on shares of Intel in a research report on Friday, October 30th. Finally, Weiss Ratings cut shares of Intel from a “hold (c-)” rating to a “sell (d)” rating in a research report on Friday, October 23rd. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, twenty-eight have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $97.42.

Intel Price Performance

The company has a current ratio of 2.31, a quick ratio of 1.86 and a debt-to-equity ratio of 0.47. The company’s 50 day moving average is $98.66 and its 200 day moving average is $86.56. The stock has a market capitalization of $299.13 billion, a price-to-earnings ratio of -23.35, a price-to-earnings-growth ratio of 6.23 and a beta of 2.42.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, October 29th. The chip maker reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.11. The firm had revenue of $16.51 billion for the quarter, compared to analysts’ expectations of $16.56 billion. Intel had a positive return on equity of 4.70% and a negative net margin of 20.09%. Intel’s quarterly revenue was up 20.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.23 EPS. Research analysts anticipate that Intel Corporation will post 1.04 EPS for the current fiscal year.

Insider Transactions at Intel

In other Intel news, CEO Lip Tan acquired 150,000 shares of Intel stock in a transaction on Monday, November 2nd. The shares were purchased at an average cost of $64.73 per share, with a total value of $9,709,500.00. Following the completion of the purchase, the chief executive officer owned 1,464,669 shares in the company, valued at $94,808,024.37. The trade was a 11.41% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.05% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Intel

Hedge funds and other institutional investors have recently modified their holdings of the business. Aberdeen Group plc increased its stake in Intel by 34.7% during the 3rd quarter. Aberdeen Group plc now owns 4,762,378 shares of the chip maker’s stock valued at $572,581,000 after purchasing an additional 1,225,797 shares in the last quarter. Carson Advisory Inc. grew its stake in Intel by 14.8% in the 3rd quarter. Carson Advisory Inc. now owns 2,825 shares of the chip maker’s stock valued at $340,000 after buying an additional 364 shares in the last quarter. EagleClaw Capital Managment LLC raised its stake in shares of Intel by 17.7% during the 3rd quarter. EagleClaw Capital Managment LLC now owns 11,971 shares of the chip maker’s stock valued at $1,439,000 after purchasing an additional 1,804 shares during the period. Moors & Cabot Inc. boosted its position in shares of Intel by 3.6% in the third quarter. Moors & Cabot Inc. now owns 46,936 shares of the chip maker’s stock valued at $5,643,000 after acquiring an additional 1,626 shares during the period. Finally, Compass Capital Management Inc. bought a new position in Intel in the 3rd quarter worth about $213,000. Institutional investors own 64.53% of the company’s stock.

Intel Company Profile