Intel (NASDAQ:INTC) Stock Price Down 10.3% – Here’s What Happened

Intel Corporation (NASDAQ:INTC) traded down 10.3% on Thursday. The stock traded as low as $51.51 and last traded at $52.25. 264,237,441 shares changed hands during mid-day trading, an increase of 123% from the average daily volume of 118,650,984 shares. The stock had previously closed at $58.27.

Key Headlines Impacting Intel

Here are the key news stories impacting Intel this week:

• Positive Sentiment: CEO Lip-Bu Tan bought 150,000 shares for about $9.7 million, increasing his holdings by 11.4%. The purchase may signal confidence, although the shares later fell below his purchase price. Details on the CEO’s stock purchase
• Positive Sentiment: Demand for Intel’s server CPUs is reportedly strong, with the company expecting demand to exceed supply for the next couple of years. Its Oracle collaboration could support data-center business growth, though supply constraints may limit how much demand translates into near-term sales. Intel and Oracle collaboration
• Negative Sentiment: The main company-specific pressure is Intel’s fourth-quarter revenue outlook: its $15 billion–$16 billion forecast came in below expectations, despite strong CPU demand. Investors are also weighing softer PC demand. Report on Intel’s fourth-quarter outlook
• Negative Sentiment: A wider semiconductor selloff added pressure, as investors worried that political changes could slow data-center construction and AI infrastructure spending—important sources of potential chip demand. Analysis of the chip-sector selloff

Wall Street Analyst Weigh In

A number of research firms recently commented on INTC. TD Cowen dropped their price target on Intel from $95.00 to $75.00 and set a “hold” rating for the company in a research note on Friday, October 30th. Susquehanna reduced their price objective on shares of Intel from $105.00 to $75.00 and set a “neutral” rating on the stock in a research note on Friday, October 30th. JPMorgan Chase & Co. decreased their target price on shares of Intel from $85.00 to $80.00 and set a “neutral” rating on the stock in a report on Friday, October 30th. HSBC restated a “buy” rating on shares of Intel in a research report on Friday, July 24th. Finally, Stifel Nicolaus set a $90.00 price target on shares of Intel in a report on Friday, October 30th. 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 issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $97.42.

Intel Stock Performance

The company has a market cap of $277.71 billion, a price-to-earnings ratio of -21.68, a P/E/G ratio of 6.49 and a beta of 2.42. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.86 and a current ratio of 2.31. The company has a fifty day moving average of $99.38 and a two-hundred day moving average of $86.53.

Intel (NASDAQ:INTC) last announced its quarterly 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 analyst estimates of $16.56 billion. Intel had a positive return on equity of 4.70% and a negative net margin of 20.09%. The business’s revenue for the quarter was up 20.9% on a year-over-year basis. During the same period last year, the firm posted $0.23 earnings per share. Equities research analysts anticipate that Intel Corporation will post 1.04 EPS for the current year.

Insider Transactions at Intel

In other Intel news, CEO Lip Tan bought 150,000 shares of the business’s stock in a transaction that occurred on Monday, November 2nd. The shares were bought at an average price of $64.73 per share, for a total transaction of $9,709,500.00. Following the transaction, the chief executive officer directly owned 1,464,669 shares in the company, valued at approximately $94,808,024.37. This trade represents a 11.41% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.05% of the stock is currently owned by insiders.

Institutional Trading of Intel

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. DSG Capital Advisors LLC purchased a new stake in Intel during the third quarter worth about $254,000. Illinois Municipal Retirement Fund raised its position in Intel by 22.2% in the third quarter. Illinois Municipal Retirement Fund now owns 162,217 shares of the chip maker’s stock worth $19,503,000 after acquiring an additional 29,522 shares during the period. Northbridge Financial Group LLC boosted its stake in Intel by 75.7% in the third quarter. Northbridge Financial Group LLC now owns 5,891 shares of the chip maker’s stock valued at $663,000 after acquiring an additional 2,538 shares during the last quarter. Confluence Wealth Services Inc. boosted its stake in Intel by 2.8% in the third quarter. Confluence Wealth Services Inc. now owns 30,661 shares of the chip maker’s stock valued at $3,686,000 after acquiring an additional 840 shares during the last quarter. Finally, AMG National Trust Bank boosted its stake in Intel by 5.1% in the third quarter. AMG National Trust Bank now owns 35,138 shares of the chip maker’s stock valued at $4,225,000 after acquiring an additional 1,694 shares during the last quarter. 64.53% of the stock is owned by institutional investors.

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.