Intel (NASDAQ:INTC) Stock Price Down 5.8% – Time to Sell?

Shares of Intel Corporation (NASDAQ:INTC) dropped 5.8% on Thursday . The company traded as low as $95.48 and last traded at $96.98. Approximately 106,005,193 shares traded hands during mid-day trading, a decline of 12% from the average session volume of 120,789,875 shares. The stock had previously closed at $102.99.

Key Intel News

Here are the key news stories impacting Intel this week:

• Negative Sentiment: Intel is getting hit by a sector-wide chip slump tied to concerns that AI infrastructure spending may be slowing, which is dragging down Intel along with AMD, Marvell, and other semis. Marvell Drops 8% as AI Capex Slowdown Fears Weigh on Chips; Broadcom, AMD, and Intel Slide
• Negative Sentiment: Reports that Intel expanded its Google Cloud partnership and is using Gemini Enterprise in chip-design workflows were met with a sell-the-news reaction, with one report saying INTC fell about 5% after the announcement. Intel (INTC) and Google (GOOGL) Deepen Cloud Partnership for AI-Driven Chip Design
• Negative Sentiment: Traders are also taking profits after Intel’s sharp recent rally, with several notes highlighting that the stock has run hard into next week’s earnings report. Investors Snapping Up INTC Stock Ahead of Q2 Earnings, According to Crowd Wisdom Data

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on INTC shares. Truist Financial increased their price objective on shares of Intel from $49.00 to $81.00 and gave the stock a “hold” rating in a research note on Friday, April 24th. Roth Capital raised shares of Intel from a “neutral” rating to a “buy” rating and set a $100.00 price objective on the stock in a report on Friday, April 24th. KeyCorp boosted their target price on shares of Intel from $110.00 to $155.00 and gave the company an “overweight” rating in a research report on Tuesday. Piper Sandler assumed coverage on shares of Intel in a report on Thursday, June 11th. They set a “neutral” rating for the company. Finally, Rosenblatt Securities increased their price target on shares of Intel from $30.00 to $50.00 and gave the stock a “sell” rating in a research report on Friday, April 24th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, twenty-eight have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Intel presently has an average rating of “Hold” and a consensus target price of $102.72.

Intel Stock Down 5.8%

The company has a 50-day moving average price of $118.64 and a 200 day moving average price of $75.34. The firm has a market capitalization of $487.42 billion, a PE ratio of -156.42 and a beta of 2.18. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.31 and a quick ratio of 1.85.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, April 23rd. The chip maker reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.28. Intel had a negative net margin of 5.90% and a positive return on equity of 0.39%. The firm had revenue of $13.58 billion during the quarter, compared to analyst estimates of $12.32 billion. During the same quarter in the prior year, the business earned $0.13 earnings per share. Intel’s revenue for the quarter was up 7.4% on a year-over-year basis. Intel has set its Q2 2026 guidance at 0.200-0.200 EPS. Analysts forecast that Intel Corporation will post 0.64 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Boise April Miller sold 40,256 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $99.53, for a total transaction of $4,006,679.68. Following the transaction, the executive vice president owned 105,077 shares of the company’s stock, valued at approximately $10,458,313.81. The trade was a 27.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.05% of the stock is owned by insiders.

Institutional Investors Weigh In On Intel

A number of institutional investors and hedge funds have recently modified their holdings of the business. Financially Speaking Inc lifted its holdings in Intel by 69.2% during the fourth quarter. Financially Speaking Inc now owns 682 shares of the chip maker’s stock worth $25,000 after buying an additional 279 shares during the period. Financial Life Planners purchased a new position in shares of Intel in the 1st quarter valued at $25,000. Legacy Bridge LLC purchased a new position in shares of Intel in the 4th quarter valued at $26,000. Raleigh Capital Management Inc. bought a new position in shares of Intel in the 4th quarter worth $29,000. Finally, Swiss RE Ltd. bought a new position in shares of Intel in the 4th quarter worth $29,000. 64.53% of the stock is owned by institutional investors.

Intel Company Profile

Intel Corporation, founded in 1968 by Robert Noyce and Gordon E. Moore and headquartered in Santa Clara, California, is a leading global designer and manufacturer of semiconductor products. The company is historically notable for introducing the first commercial microprocessor and for driving the x86 architecture that underpins many personal computers and servers. Intel’s core business spans the design, fabrication and marketing of processors, chipsets and related components for a wide range of computing applications.

Intel’s product portfolio includes client and mobile processors marketed under brands such as Intel Core and Pentium, as well as high-performance Xeon processors for data centers and cloud infrastructure.