Intel (NASDAQ:INTC) Stock Price Down 7.4% – Here’s What Happened

Intel Corporation (NASDAQ:INTC) traded down 7.4% during trading on Thursday . The company traded as low as $40.14 and last traded at $40.50. 103,784,234 shares traded hands during mid-day trading, an increase of 1% from the average session volume of 102,375,281 shares. The stock had previously closed at $43.76.

Wall Street Analysts Forecast Growth

INTC has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Intel from $30.00 to $35.00 and gave the stock a “hold” rating in a research note on Friday, October 24th. Cowen reiterated a “hold” rating on shares of Intel in a research report on Friday, October 24th. DZ Bank reissued a “sell” rating on shares of Intel in a research report on Friday, October 24th. Loop Capital lifted their price target on Intel from $25.00 to $40.00 and gave the stock a “hold” rating in a research report on Friday, October 24th. Finally, Benchmark increased their price objective on Intel from $43.00 to $50.00 and gave the company a “buy” rating in a report on Friday, October 24th. Two equities research analysts have rated the stock with a Buy rating, twenty-four have issued a Hold rating and eight have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $34.84.

Intel Stock Down 7.4%

The company has a market capitalization of $193.47 billion, a PE ratio of 4,054.05 and a beta of 1.34. The company has a current ratio of 1.60, a quick ratio of 1.25 and a debt-to-equity ratio of 0.38. The firm has a 50 day simple moving average of $37.41 and a two-hundred day simple moving average of $27.82.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, October 23rd. The chip maker reported $0.23 earnings per share for the quarter. The firm had revenue of $13.65 billion during the quarter, compared to the consensus estimate of $13.10 billion. Intel had a negative return on equity of 0.75% and a net margin of 0.37%.The company’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period last year, the company earned ($0.46) earnings per share. Intel has set its Q4 2025 guidance at 0.080-0.080 EPS. Research analysts expect that Intel Corporation will post -0.11 EPS for the current year.

Institutional Investors Weigh In On Intel

Institutional investors have recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in shares of Intel in the second quarter valued at approximately $1,579,378,000. Nuveen LLC acquired a new stake in Intel in the first quarter valued at $538,430,000. Capital World Investors boosted its position in shares of Intel by 32.5% during the 3rd quarter. Capital World Investors now owns 86,503,121 shares of the chip maker’s stock worth $2,902,180,000 after purchasing an additional 21,230,715 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in shares of Intel during the 2nd quarter worth $345,245,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Intel by 99.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,829,385 shares of the chip maker’s stock valued at $677,426,000 after purchasing an additional 14,901,457 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Company Profile

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.