Intel (NASDAQ:INTC – Get Free Report) had its price target reduced by JPMorgan Chase & Co. from $85.00 to $80.00 in a report issued on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the chip maker’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 21.65% from the stock’s current price.
Several other analysts have also weighed in on INTC. UBS Group lowered Intel from a “buy” rating to a “hold” rating and set a $90.00 price objective on the stock. in a report on Friday. Wall Street Zen lowered Intel from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Barclays raised Intel from a “hold” rating to an “overweight” rating in a research report on Wednesday, September 16th. Citigroup decreased their price target on shares of Intel from $130.00 to $100.00 and set a “buy” rating on the stock in a research note on Friday. Finally, Weiss Ratings downgraded shares of Intel from a “hold (c-)” rating to a “sell (d)” rating in a research note on Friday, October 23rd. Two research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, twenty-seven have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $97.86.
Read Our Latest Analysis on INTC
Intel Stock Performance
INTC stock traded down $26.31 during trading on Friday, reaching $65.76. 453,680,816 shares of the stock were exchanged, compared to its average volume of 117,170,555. Intel has a twelve month low of $32.89 and a twelve month high of $142.35. The company has a market capitalization of $331.69 billion, a P/E ratio of -31.17, a price-to-earnings-growth ratio of 10.14 and a beta of 2.22. The stock has a 50 day simple moving average of $101.10 and a 200-day simple moving average of $86.36. The company has a current ratio of 1.60, a quick ratio of 1.25 and a debt-to-equity ratio of 0.47.
Intel (NASDAQ:INTC – Get Free Report) last issued its quarterly earnings results on Thursday, October 29th. The chip maker reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.11. The firm had revenue of $16.51 billion for the quarter, compared to analyst estimates of $16.56 billion. Intel had a positive return on equity of 2.62% and a negative net margin of 19.79%. The company’s quarterly revenue was up 20.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.23 earnings per share. As a group, sell-side analysts anticipate that Intel will post 1.05 earnings per share for the current year.
Insiders Place Their Bets
In related news, CEO Lip Bu Tan acquired 105,263 shares of the stock in a transaction on Tuesday, August 11th. The stock was purchased at an average price of $95.00 per share, for a total transaction of $9,999,985.00. Following the transaction, the chief executive officer owned 1,314,669 shares of the company’s stock, valued at $124,893,555. The trade was a 8.70% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.05% of the company’s stock.
Institutional Investors Weigh In On Intel
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Montgomery Financial Services LLC acquired a new stake in Intel during the 2nd quarter worth $26,000. Next Level Wealth Planning LLC bought a new stake in shares of Intel during the 3rd quarter valued at $28,000. Glynn Capital Management LLC acquired a new position in shares of Intel in the 2nd quarter valued at $29,000. Knuff & Co LLC acquired a new stake in shares of Intel during the second quarter worth $29,000. Finally, Beaird Harris Wealth Management LLC grew its stake in shares of Intel by 3,185.7% during the second quarter. Beaird Harris Wealth Management LLC now owns 230 shares of the chip maker’s stock worth $32,000 after purchasing an additional 223 shares during the period. Institutional investors own 64.53% of the company’s stock.
Intel News Summary
Here are the key news stories impacting Intel this week:
- Positive Sentiment: Intel exceeded third-quarter expectations, reporting adjusted earnings of $0.52 per share versus a roughly $0.41 consensus estimate. Revenue increased 21% year over year to approximately $16.5 billion. Intel third-quarter earnings report
- Positive Sentiment: Data Center and AI revenue rose 78% to $7.3 billion, while Intel Foundry revenue increased 58% to $6.7 billion. CEO Lip-Bu Tan also highlighted the potential for AI agents to expand the server CPU market. Intel server and AI revenue coverage
- Neutral Sentiment: Intel agreed to acquire Israeli quantum software company Classiq Technologies for about $2.3 billion, seeking to build a full-stack quantum-computing business. The deal may provide a long-term growth option but adds to near-term spending and execution demands. Intel Classiq acquisition
- Negative Sentiment: Fourth-quarter guidance was well below Wall Street expectations: revenue is projected at $15 billion-$16 billion, versus approximately $17.1 billion expected, with adjusted earnings of about $0.25 per share versus roughly $0.45 expected. Management said the PC slowdown could persist through at least the first half of 2027. Reuters Intel outlook report
- Negative Sentiment: Memory shortages and higher component prices are making PCs more expensive, while Intel expects client-computing revenue to weaken. A blast at its Israel facility is expected to cause roughly $300 million-$600 million in revenue disruption, adding to manufacturing constraints. Intel PC slowdown and Israel facility report
- Negative Sentiment: Analysts responded with multiple downgrades and price-target reductions, citing weak PC demand, supply bottlenecks, lower margins, heavy foundry investment and the risk that Intel may not generate free cash flow in 2027. The outlook also triggered a broad semiconductor selloff, pressuring AMD, Nvidia, Broadcom and other chip stocks. Analyst reactions to Intel earnings
Intel Company Profile
Intel Corporation (NASDAQ:INTC) is a global semiconductor company that designs and manufactures computing and connectivity products. Its portfolio includes Intel Core processors for personal computers, Xeon processors for data centers and enterprise systems, and products for networking, edge computing, graphics, and artificial intelligence workloads.
Through Intel Foundry, the company also provides semiconductor manufacturing and technology-development services for external customers. Intel develops process technologies, advanced packaging, and other manufacturing capabilities intended to support its own products and third-party chip designs.
Founded in 1968 by Robert Noyce and Gordon Moore, Intel helped establish the modern microprocessor industry and has historically supplied processors for PCs, servers, and other computing systems.
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