Intel (NASDAQ:INTC) Shares Down 2.4% – Here’s What Happened

Shares of Intel Corporation (NASDAQ:INTC) fell 2.4% during mid-day trading on Friday . The company traded as low as $107.45 and last traded at $109.84. Approximately 70,188,995 shares were traded during trading, a decline of 42% from the average session volume of 121,274,234 shares. The stock had previously closed at $112.54.

More Intel News

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Stifel raised its price target on Intel to $120 from $75, signaling continued confidence in the company’s recovery trajectory. Benzinga report on Stifel target hike
• Positive Sentiment: Intel’s operating margins are improving, with recent commentary noting non-GAAP operating income of $1.7 billion and margin expansion to 12.3% in Q1 2026, supporting the turnaround story. Zacks article on improving margins
• Positive Sentiment: Articles pointed to Intel’s turnaround gaining credibility, citing revenue beats, growth in data center and AI sales, and progress at its 18A manufacturing node. 247WallSt turnaround article
• Neutral Sentiment: HSBC remained constructive on Intel but the stock still fell despite that support, suggesting investors are focusing more on valuation and sector rotation than on bullish commentary alone. TipRanks/HSBC mention
• Neutral Sentiment: Intel’s upcoming Q2 earnings on July 23 remain a key catalyst, with investors looking for confirmation that recent operational improvements are sustainable. TipRanks Wells Fargo earnings preview
• Negative Sentiment: Several reports said Intel was hit by a broad semiconductor selloff and profit-taking, which pressured the stock alongside peers like AMD and Micron. Yahoo Finance article on Intel shares down today
• Negative Sentiment: Bearish analyst and short-seller commentary also weighed on sentiment, including JPMorgan naming Intel a high-conviction short idea and other notes warning the stock may be expensive after its big rally. Benzinga JPMorgan short idea article

Wall Street Analyst Weigh In

INTC has been the topic of several research analyst reports. DA Davidson boosted their target price on Intel from $45.00 to $77.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Piper Sandler initiated coverage on Intel in a research note on Thursday, June 11th. They issued a “neutral” rating for the company. Jefferies Financial Group started coverage on Intel in a report on Thursday, June 11th. They issued a “buy” rating for the company. Seaport Research Partners boosted their price target on Intel from $65.00 to $90.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Finally, KGI Securities downgraded shares of Intel from an “outperform” rating to a “neutral” rating and set a $71.00 price objective on the stock. in a report on Monday, April 20th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twenty-eight have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $97.88.

Intel Trading Down 2.4%

The company has a 50 day simple moving average of $118.67 and a two-hundred day simple moving average of $73.63. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.85 and a current ratio of 2.31. The firm has a market cap of $552.06 billion, a PE ratio of -177.16 and a beta of 2.18.

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

Insider Buying and Selling

In other Intel news, EVP Boise April Miller sold 40,256 shares of Intel stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $99.53, for a total transaction of $4,006,679.68. Following the completion of the sale, the executive vice president directly owned 105,077 shares in the company, valued at approximately $10,458,313.81. The trade was a 27.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.05% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in INTC. iA Global Asset Management Inc. increased its holdings in shares of Intel by 17.0% in the 4th quarter. iA Global Asset Management Inc. now owns 593,043 shares of the chip maker’s stock valued at $21,883,000 after acquiring an additional 86,189 shares during the last quarter. Whalerock Point Partners LLC purchased a new stake in Intel during the fourth quarter worth approximately $205,000. Heritage Investment Group Inc. purchased a new stake in Intel during the fourth quarter worth approximately $219,000. Dixon Mitchell Investment Counsel Inc. acquired a new position in Intel in the fourth quarter valued at approximately $185,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in Intel by 5.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 255,261 shares of the chip maker’s stock valued at $9,419,000 after purchasing an additional 13,858 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

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.