Intel (NASDAQ:INTC) Shares Gap Down Following Analyst Downgrade

Shares of Intel Corporation (NASDAQ:INTC) gapped down prior to trading on Friday after Susquehanna lowered their price target on the stock from $105.00 to $75.00. The stock had previously closed at $92.07, but opened at $68.36. Susquehanna currently has a neutral rating on the stock. Intel shares last traded at $65.7780, with a volume of 104,142,609 shares traded.

Other research analysts also recently issued reports about the stock. TD Cowen decreased their price target on shares of Intel from $115.00 to $95.00 and set a “hold” rating on the stock in a research note on Monday, October 19th. Pivotal Research initiated coverage on shares of Intel in a research note on Tuesday, September 8th. They issued a “buy” rating for the company. Morgan Stanley set a $85.00 target price on Intel in a research report on Monday, October 19th. The Goldman Sachs Group restated a “neutral” rating and set a $100.00 price target on shares of Intel in a research report on Friday. Finally, Robert W. Baird set a $83.00 price target on Intel in a research note on Friday. Two analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, twenty-six have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $102.93.

Insider Transactions at Intel

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

Key Headlines Impacting Intel

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel reported adjusted third-quarter EPS of $0.52, ahead of the approximately $0.40–$0.41 analyst consensus, while revenue increased about 21% year over year to $16.51 billion. Intel third-quarter earnings report
• Positive Sentiment: Data Center and AI revenue surged 78% year over year to $7.3 billion, and Intel Foundry revenue rose 58% to $6.7 billion, supporting the longer-term turnaround narrative. Intel revenue and segment results
• Positive Sentiment: KGI Securities upgraded Intel to “outperform” with a $95 price target, while CEO Lip-Bu Tan said AI agents could eventually expand the server CPU opportunity substantially. KGI Securities Intel rating
• Neutral Sentiment: Intel is facing a reported investor fraud investigation, although the notice does not establish wrongdoing or indicate a formal regulatory finding. Intel fraud investigation notice
• Negative Sentiment: Intel guided for fourth-quarter revenue of $15 billion to $16 billion and adjusted EPS of $0.25, below Wall Street expectations of roughly $17.3 billion in revenue and $0.45 EPS. Management also expects gross margin to fall to about 38%. Intel weak fourth-quarter guidance
• Negative Sentiment: The company said the PC slowdown arrived “sooner and deeper” than expected, with PC chip revenue expected to decline more than 20% sequentially. Rising memory prices, manufacturing bottlenecks and an Israel factory disruption are adding to the pressure. Reuters report on Intel outlook
• Negative Sentiment: Analysts responded with substantial target reductions: Bank of America downgraded Intel to neutral and cut its target to $100, Cantor Fitzgerald lowered its target to $90, and Roth Capital cut its target to $70. Concerns also include the possibility of negative free cash flow in 2027. Analyst reactions to Intel earnings

Institutional Trading of Intel

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Southern Financial Group LLC lifted its holdings in Intel by 0.6% in the first quarter. Southern Financial Group LLC now owns 14,313 shares of the chip maker’s stock valued at $632,000 after acquiring an additional 90 shares during the period. Harrell Investment Partners LLC boosted its holdings in Intel by 0.4% in the 2nd quarter. Harrell Investment Partners LLC now owns 23,277 shares of the chip maker’s stock worth $3,250,000 after buying an additional 100 shares during the last quarter. TFR Capital LLC. boosted its stake in shares of Intel by 0.4% in the second quarter. TFR Capital LLC. now owns 26,643 shares of the chip maker’s stock worth $3,720,000 after acquiring an additional 100 shares during the last quarter. Walker Asset Management LLC boosted its stake in shares of Intel by 1.9% in the third quarter. Walker Asset Management LLC now owns 5,433 shares of the chip maker’s stock worth $653,000 after acquiring an additional 100 shares during the last quarter. Finally, Wynn Capital LLC increased its position in shares of Intel by 0.4% during the second quarter. Wynn Capital LLC now owns 27,162 shares of the chip maker’s stock worth $3,793,000 after purchasing an additional 104 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Price Performance

The company has a 50-day moving average of $101.63 and a 200 day moving average of $86.25. The company has a quick ratio of 1.25, a current ratio of 1.60 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $333.31 billion, a PE ratio of -31.18, a PEG ratio of 10.14 and a beta of 2.22.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, October 29th. The chip maker reported $0.52 EPS for the quarter, beating the consensus estimate of $0.41 by $0.11. Intel had a positive return on equity of 2.62% and a negative net margin of 19.79%. The firm had revenue of $16.51 billion during the quarter, compared to analysts’ expectations of $16.56 billion. During the same quarter last year, the firm earned $0.23 earnings per share. The business’s revenue for the quarter was up 20.9% on a year-over-year basis. Sell-side analysts predict that Intel Corporation will post 1.05 EPS for the current year.

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.