Intel (NASDAQ:INTC) Stock Price Target Lowered at Truist Financial

Intel (NASDAQ:INTC) had its target price cut by Truist Financial from $108.00 to $72.00 in a research report report published on Friday morning,Benzinga reports. They currently have a hold rating on the chip maker’s stock.

Several other equities research analysts have also issued reports on the stock. KeyCorp lowered their price target on shares of Intel from $155.00 to $140.00 and set an “overweight” rating on the stock in a research note on Friday. Wall Street Zen cut shares of Intel from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Rosenblatt Securities reduced their price objective on shares of Intel from $80.00 to $70.00 and set a “sell” rating for the company in a research note on Friday. Wells Fargo & Company raised their price objective on Intel from $110.00 to $120.00 and gave the company an “equal weight” rating in a report on Friday, July 24th. Finally, Roth Capital downgraded Intel from a “buy” rating to a “neutral” rating and lowered their target price for the company from $120.00 to $70.00 in a research report on Friday. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, twenty-seven have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $97.86.

Intel Trading Down 28.6%

NASDAQ:INTC opened at $65.76 on Friday. The company has a market cap of $331.69 billion, a P/E ratio of -27.29, a price-to-earnings-growth ratio of 9.78 and a beta of 2.22. Intel has a twelve month low of $32.89 and a twelve month high of $142.35. The business has a 50 day moving average price of $101.10 and a two-hundred day moving average price of $86.36. The company has a quick ratio of 1.25, a current ratio of 1.60 and a debt-to-equity ratio of 0.47.

Intel (NASDAQ:INTC) last posted 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. The company had revenue of $16.51 billion for the quarter, compared to the consensus estimate of $16.56 billion. Intel had a negative net margin of 20.09% and a positive return on equity of 4.55%. The firm’s revenue was up 20.9% compared to the same quarter last year. During the same period last year, the company earned $0.23 earnings per share. As a group, analysts expect that Intel will post 1.05 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Lip Bu Tan purchased 105,263 shares of the business’s stock in a transaction on Tuesday, August 11th. The stock was purchased at an average price of $95.00 per share, for a total transaction of $9,999,985.00. Following the completion of the purchase, the chief executive officer directly owned 1,314,669 shares in the company, valued at $124,893,555. The trade was a 8.70% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.05% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Intel

Several hedge funds have recently bought and sold shares of the company. Montgomery Financial Services LLC purchased a new position in shares of Intel during the second quarter valued at approximately $26,000. Next Level Wealth Planning LLC bought a new stake in Intel during the third quarter worth $28,000. Glynn Capital Management LLC purchased a new stake in Intel in the 2nd quarter valued at $29,000. Knuff & Co LLC purchased a new stake in Intel in the 2nd quarter valued at $29,000. Finally, Beaird Harris Wealth Management LLC raised its position in Intel by 3,185.7% in the 2nd quarter. Beaird Harris Wealth Management LLC now owns 230 shares of the chip maker’s stock valued at $32,000 after buying an additional 223 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Key Intel News

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel exceeded third-quarter expectations, reporting adjusted earnings of $0.52 per share versus a roughly $0.41 consensus estimate. Revenue increased 21% year over year to approximately $16.5 billion. Intel third-quarter earnings report
• Positive Sentiment: Data Center and AI revenue rose 78% to $7.3 billion, while Intel Foundry revenue increased 58% to $6.7 billion. CEO Lip-Bu Tan also highlighted the potential for AI agents to expand the server CPU market. Intel server and AI revenue coverage
• Neutral Sentiment: Intel agreed to acquire Israeli quantum software company Classiq Technologies for about $2.3 billion, seeking to build a full-stack quantum-computing business. The deal may provide a long-term growth option but adds to near-term spending and execution demands. Intel Classiq acquisition
• Negative Sentiment: Fourth-quarter guidance was well below Wall Street expectations: revenue is projected at $15 billion-$16 billion, versus approximately $17.1 billion expected, with adjusted earnings of about $0.25 per share versus roughly $0.45 expected. Management said the PC slowdown could persist through at least the first half of 2027. Reuters Intel outlook report
• Negative Sentiment: Memory shortages and higher component prices are making PCs more expensive, while Intel expects client-computing revenue to weaken. A blast at its Israel facility is expected to cause roughly $300 million-$600 million in revenue disruption, adding to manufacturing constraints. Intel PC slowdown and Israel facility report
• Negative Sentiment: Analysts responded with multiple downgrades and price-target reductions, citing weak PC demand, supply bottlenecks, lower margins, heavy foundry investment and the risk that Intel may not generate free cash flow in 2027. The outlook also triggered a broad semiconductor selloff, pressuring AMD, Nvidia, Broadcom and other chip stocks. Analyst reactions to Intel earnings

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.