Intel (NASDAQ:INTC) Stock Price Down 5.1% – Here’s Why

Posted by Francis Steltz on May 29th, 2026

Intel Corporation (NASDAQ:INTC – Get Free Report) dropped 5.1% on Friday . The stock traded as low as $113.54 and last traded at $114.68. Approximately 189,595,994 shares changed hands during trading, an increase of 58% from the average daily volume of 120,153,734 shares. The stock had previously closed at $120.89.

Key Intel News

Here are the key news stories impacting Intel this week:

Positive Sentiment: Intel and Acer launched new gaming handhelds and laptops powered by Intel’s latest Arc G-Series and Core processors, highlighting stronger traction in portable gaming and AI PC hardware. Acer Expands Gaming Portfolio With Predator Atlas 8 Handheld Powered by Intel
Positive Sentiment: Reuters reported that Intel and 3DGS will invest about $3.3 billion to build a substrate manufacturing plant in India, which supports Intel’s foundry and advanced packaging ambitions. Intel, 3DGS to set up $3.3 billion substrate plant in India’s Odisha state
Positive Sentiment: MediaTek said it supports both TSMC’s and Intel’s advanced packaging technologies, a sign that Intel is gaining credibility as a packaging option for major chip designers. Taiwan’s MediaTek says it supports both TSMC and Intel’s advanced packaging technologies

Analyst Upgrades and Downgrades

INTC has been the subject of several recent analyst reports. Daiwa Securities Group upped their target price on Intel from $41.00 to $50.00 in a research note on Tuesday, February 3rd. Scotiabank initiated coverage on Intel in a research note on Tuesday, April 21st. They set a “sector perform” rating for the company. UBS Group set a $51.00 target price on Intel in a research note on Monday, February 2nd. Wells Fargo & Company increased their price target on Intel from $55.00 to $85.00 and gave the company an “equal weight” rating in a research note on Friday, April 24th. Finally, Raymond James Financial upgraded Intel from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twenty-six have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, Intel presently has a consensus rating of “Hold” and a consensus target price of $81.52.

Get Our Latest Analysis on INTC

Intel Stock Down 5.1%

The company has a market capitalization of $576.38 billion, a P/E ratio of -184.96 and a beta of 2.18. The company has a current ratio of 2.31, a quick ratio of 1.85 and a debt-to-equity ratio of 0.34. The stock has a 50 day moving average price of $80.55 and a 200 day moving average price of $55.91.

Intel (NASDAQ:INTC – Get Free Report) last announced its quarterly earnings results on Thursday, April 23rd. The chip maker reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.28. The company 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%.Intel’s revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.13 EPS. Intel has set its Q2 2026 guidance at 0.200-0.200 EPS. On average, research analysts anticipate that Intel Corporation will post 0.63 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Boise April Miller sold 40,256 shares of the stock in a transaction on Friday, May 1st. The stock was sold at an average price of $99.53, for a total value 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 $10,458,313.81. This represents a 27.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.05% of the stock is owned by insiders.

Institutional Trading of Intel

A number of institutional investors and hedge funds have recently bought and sold shares of INTC. Financially Speaking Inc increased its holdings in Intel by 69.2% in the fourth quarter. Financially Speaking Inc now owns 682 shares of the chip maker’s stock valued at $25,000 after purchasing an additional 279 shares during the period. Financial Life Planners acquired a new stake in Intel in the first quarter valued at $25,000. Legacy Bridge LLC acquired a new stake in Intel in the fourth quarter valued at $26,000. Raleigh Capital Management Inc. acquired a new stake in Intel in the fourth quarter valued at $29,000. Finally, Swiss RE Ltd. acquired a new stake in Intel during the 4th quarter worth about $29,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel Company Profile

(Get Free Report)

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.