Intel (NASDAQ:INTC) Shares Down 7.9% Following Analyst Downgrade

Intel Corporation (NASDAQ:INTC) shares traded down 7.9% during trading on Friday after Stifel Nicolaus lowered their price target on the stock from $120.00 to $110.00. Stifel Nicolaus currently has a hold rating on the stock. Intel traded as low as $91.58 and last traded at $92.32. 179,397,921 shares traded hands during trading, an increase of 49% from the average daily volume of 120,684,680 shares. The stock had previously closed at $100.23.

A number of other brokerages have also issued reports on INTC. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Intel in a research report on Tuesday. UBS Group set a $115.00 price target on Intel in a report on Thursday, July 16th. KeyCorp increased their price target on Intel from $110.00 to $155.00 and gave the company an “overweight” rating in a report on Tuesday, July 14th. Oppenheimer assumed coverage on Intel in a research note on Thursday, June 11th. They set an “outperform” rating for the company. Finally, Scotiabank started coverage on Intel in a report on Tuesday, April 21st. They set a “sector perform” rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, twenty-nine have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Intel currently has an average rating of “Hold” and an average target price of $107.67.

Insider Activity

In other news, EVP Boise April Miller sold 40,256 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $99.53, for a total value of $4,006,679.68. Following the sale, the executive vice president owned 105,077 shares in the company, valued at approximately $10,458,313.81. This represents a 27.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.05% of the company’s stock.

Intel News Summary

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel beat Q2 expectations with EPS of $0.42 versus $0.21 expected and revenue of $16.13 billion versus $14.43 billion, marking its fastest revenue growth in more than 15 years. Reuters article
• Positive Sentiment: Intel’s Q3 guidance topped estimates, signaling management sees continued momentum from AI-related server-chip demand and improving foundry execution. CNBC article
• Positive Sentiment: Analysts and media coverage highlighted stronger data-center and AI demand, along with early progress in Intel’s foundry business and 18A manufacturing roadmap. MarketWatch/Fool article

Institutional Trading of Intel

Several institutional investors and hedge funds have recently bought and sold shares of the company. Southern Financial Group LLC raised its position in shares of Intel by 0.6% during the 1st 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 in the last quarter. Harrell Investment Partners LLC lifted its stake in Intel by 0.4% during the second quarter. Harrell Investment Partners LLC now owns 23,277 shares of the chip maker’s stock worth $3,250,000 after purchasing an additional 100 shares during the last quarter. Wynn Capital LLC boosted its holdings in Intel by 0.4% in 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 during the period. Demars Financial Group LLC boosted its holdings in Intel by 1.7% in the first quarter. Demars Financial Group LLC now owns 7,675 shares of the chip maker’s stock worth $339,000 after purchasing an additional 125 shares during the period. Finally, Human Investing LLC increased its stake in Intel by 0.9% during the first quarter. Human Investing LLC now owns 14,525 shares of the chip maker’s stock valued at $641,000 after purchasing an additional 126 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Trading Down 7.9%

The stock has a market cap of $464.00 billion, a P/E ratio of -43.75 and a beta of 2.18. The firm’s 50 day simple moving average is $115.84 and its two-hundred day simple moving average is $78.07. The company has a quick ratio of 1.85, a current ratio of 2.31 and a debt-to-equity ratio of 0.34.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, July 23rd. The chip maker reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.21. Intel had a negative net margin of 19.79% and a positive return on equity of 2.52%. The company had revenue of $16.13 billion for the quarter, compared to the consensus estimate of $14.43 billion. During the same period last year, the firm posted ($0.10) EPS. The company’s revenue for the quarter was up 25.2% on a year-over-year basis. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. As a group, equities research analysts predict that Intel Corporation will post 0.65 earnings per share for the current fiscal year.

About Intel

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.