Intel (NASDAQ:INTC) Stock Crosses Below 200 Day Moving Average Following Analyst Downgrade

Shares of Intel Corporation (NASDAQ:INTC) passed below its 200-day moving average during trading on Friday after JPMorgan Chase & Co. lowered their price target on the stock from $85.00 to $80.00. The stock has a 200-day moving average of $86.36 and traded as low as $63.20. JPMorgan Chase & Co. currently has a neutral rating on the stock. Intel shares last traded at $65.76, with a volume of 453,680,816 shares.

Several other brokerages also recently weighed in on INTC. Cantor Fitzgerald reduced their target price on Intel from $125.00 to $90.00 and set a “neutral” rating for the company in a research note on Friday. Truist Financial dropped their price target on shares of Intel from $108.00 to $72.00 and set a “hold” rating on the stock in a research note on Friday. Needham & Company LLC reissued a “hold” rating on shares of Intel in a report on Tuesday. Robert W. Baird set a $83.00 price objective on shares of Intel in a research report on Friday. Finally, National Bank Financial set a $85.00 price objective on shares of Intel in a report on Monday, October 19th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, twenty-seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Intel currently has an average rating of “Hold” and a consensus target price of $97.86.

Insiders Place Their Bets

In other Intel news, CEO Lip Bu Tan bought 105,263 shares of the stock in a transaction on Tuesday, August 11th. The shares were bought 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 directly owned 1,314,669 shares in the company, valued at $124,893,555. This trade represents a 8.70% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.05% of the company’s stock.

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

Hedge Funds Weigh In On Intel

Several hedge funds and other institutional investors have recently modified their holdings of INTC. Financial Life Planners acquired a new stake in shares of Intel in the 1st quarter worth $25,000. Montgomery Financial Services LLC acquired a new position in shares of Intel during the 2nd quarter valued at about $26,000. Next Level Wealth Planning LLC purchased a new stake in shares of Intel in the third quarter valued at about $28,000. Glynn Capital Management LLC purchased a new stake in shares of Intel in the second quarter valued at about $29,000. Finally, Knuff & Co LLC purchased a new stake in shares of Intel in the second quarter valued at about $29,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Trading Down 28.6%

The stock has a market capitalization of $331.69 billion, a price-to-earnings ratio of -27.29, a PEG ratio of 9.78 and a beta of 2.22. The company’s 50-day moving average is $101.10 and its 200-day moving average is $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 issued 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 negative net margin of 20.09% and a positive return on equity of 4.55%. Intel’s quarterly revenue was up 20.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.23 earnings per share. Research analysts anticipate that Intel Corporation will post 1.05 earnings per share for the current fiscal year.

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.