Seaport Research Partners cut shares of Intel (NASDAQ:INTC – Free Report) from a buy rating to a neutral rating in a research report sent to investors on Friday, MarketBeat Ratings reports.
INTC has been the topic of several other reports. JPMorgan Chase & Co. upgraded shares of Intel from an “underweight” rating to a “neutral” rating and set a $85.00 price objective on the stock in a research report on Monday, October 19th. TD Cowen dropped their price objective on shares of Intel from $115.00 to $95.00 and set a “hold” rating for the company in a research note on Monday, October 19th. Mizuho lifted their price objective on Intel from $92.00 to $114.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 6th. Rosenblatt Securities reissued a “sell” rating and set a $80.00 price target on shares of Intel in a research report on Tuesday. Finally, KeyCorp cut their target price on shares of Intel from $155.00 to $140.00 and set an “overweight” rating for the company in a research note on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, twenty-seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $97.86.
Check Out Our Latest Analysis on Intel
Intel Trading Down 28.6%
NASDAQ:INTC opened at $65.76 on Friday. Intel has a 1 year low of $32.89 and a 1 year high of $142.35. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.25 and a current ratio of 1.60. The stock has a fifty day moving average price of $101.10 and a two-hundred day moving average price of $86.36. The stock has a market capitalization of $331.69 billion, a price-to-earnings ratio of -27.29, a PEG ratio of 9.78 and a beta of 2.22.
Intel (NASDAQ:INTC – Get Free Report) last announced its quarterly earnings results on Thursday, October 29th. The chip maker reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.11. Intel had a negative net margin of 20.09% and a positive return on equity of 4.55%. The business had revenue of $16.51 billion during the quarter, compared to the consensus estimate of $16.56 billion. During the same quarter last year, the firm posted $0.23 EPS. The business’s revenue was up 20.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Intel will post 1.05 earnings per share for the current fiscal year.
Insider Transactions at Intel
In other Intel news, CEO Lip Bu Tan acquired 105,263 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was bought at an average cost of $95.00 per share, for a total transaction of $9,999,985.00. Following the completion of the purchase, the chief executive officer directly owned 1,314,669 shares in the company, valued at $124,893,555. This represents a 8.70% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.05% of the company’s stock.
Institutional Investors Weigh In On Intel
A number of large investors have recently modified their holdings of the stock. Vestor Capital LLC acquired a new position in shares of Intel in the first quarter worth about $9,441,000. World Investment Advisors raised its stake in Intel by 11.2% during the first quarter. World Investment Advisors now owns 62,876 shares of the chip maker’s stock valued at $2,775,000 after buying an additional 6,326 shares in the last quarter. University of Texas Texas AM Investment Management Co. acquired a new stake in Intel during the second quarter valued at approximately $4,995,000. Western Wealth Management LLC increased its stake in Intel by 57.7% during the first quarter. Western Wealth Management LLC now owns 21,223 shares of the chip maker’s stock valued at $937,000 after purchasing an additional 7,764 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of Intel by 4.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,493,552 shares of the chip maker’s stock worth $208,541,000 after buying an additional 67,588 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.
Key Stories Impacting Intel
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
About Intel
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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