Intel (NASDAQ:INTC) Shares Down 2.2% – What’s Next?

Posted by Brenda Bartman on Aug 23rd, 2026

Shares of Intel Corporation (NASDAQ:INTC – Get Free Report) dropped 2.2% during trading on Friday . The stock traded as low as $89.75 and last traded at $90.07. Approximately 90,852,817 shares changed hands during trading, a decline of 24% from the average session volume of 119,934,844 shares. The stock had previously closed at $92.13.

Key Headlines Impacting Intel

Here are the key news stories impacting Intel this week:

Positive Sentiment: Institutional buying provides support: Tiger Global reportedly increased its Intel position during the second quarter, adding to recent bullish interest in the company’s AI, data-center, and foundry businesses. Tiger Global Added to Its Position in Intel in Q2
Positive Sentiment: CEO purchase signals confidence: Intel CEO Lip-Bu Tan reportedly bought another 105,000 shares, a potentially favorable signal regarding management’s view of the company’s turnaround and long-term prospects. CEO Lip-Bu Tan Just Bought Another 105,000 Shares of Intel Stock
Positive Sentiment: Operating momentum remains a potential catalyst: Intel’s latest reported quarter exceeded consensus EPS and revenue estimates, with revenue up 25.2% year over year. Coverage also points to a growing role for Intel in AI hardware and data-center demand.
Neutral Sentiment: Government investment remains under scrutiny: Intel’s shares slipped as Commerce Secretary Howard Lutnick defended the U.S. government’s purchase of roughly 10% of the company. The investment could improve strategic and financial support, but its unusual structure has prompted investor uncertainty. Intel Stock Slips as Howard Lutnick Defends Intel Deal
Negative Sentiment: Potential dilution weighs on sentiment: Reports that Intel is pursuing a stock offering of approximately $15 billion raise concerns about shareholder dilution, even if the proceeds are intended to fund expansion and capitalize on AI demand. Intel Embarks on $15 Billion Stock Offering
Negative Sentiment: High-profile selling reinforces profit-taking concerns: Stanley Druckenmiller’s Duquesne Family Office reportedly exited its Intel position in the second quarter, selling about 411,400 shares while reallocating capital to other AI and robotics opportunities. Druckenmiller Dumped Micron, Intel and Broadcom
Negative Sentiment: Analyst caution and valuation risk persist: Intel carries an average analyst rating of “Hold,” while some coverage argues that Nvidia and AMD offer better risk-adjusted upside. Investors remain concerned that Intel’s recent rally has priced in much of the turnaround before sustained profitability is established.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on INTC shares. Seaport Research Partners restated a “buy” rating and issued a $125.00 target price on shares of Intel in a report on Friday, July 24th. The Goldman Sachs Group reiterated a “neutral” rating on shares of Intel in a research report on Thursday, July 23rd. TD Cowen boosted their price objective on Intel from $75.00 to $115.00 and gave the stock a “hold” rating in a research note on Monday, July 13th. Truist Financial upped their price objective on Intel from $81.00 to $108.00 and gave the company a “hold” rating in a research report on Friday, July 24th. Finally, Bank of America lowered their price objective on Intel from $160.00 to $145.00 and set a “buy” rating for the company in a research note on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, thirty-one have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $107.46.

View Our Latest Report on INTC

Intel Price Performance

The stock has a 50 day moving average of $108.43 and a 200-day moving average of $85.00. The company has a current ratio of 1.60, a quick ratio of 1.25 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $454.31 billion, a P/E ratio of -42.69 and a beta of 2.22.

Intel (NASDAQ:INTC – Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The chip maker reported $0.42 EPS for the quarter, beating the consensus estimate of $0.21 by $0.21. Intel had a positive return on equity of 2.62% and a negative net margin of 19.79%.The company had revenue of $16.13 billion for the quarter, compared to the consensus estimate of $14.43 billion. During the same quarter in the prior year, the company posted ($0.10) EPS. Intel’s quarterly revenue was up 25.2% on a year-over-year basis. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. On average, equities research analysts anticipate that Intel Corporation will post 1.01 earnings per share for the current fiscal year.

Insider Activity at Intel

In related news, CEO Lip Bu Tan purchased 105,263 shares of the business’s stock in a transaction dated Tuesday, August 11th. The shares were purchased at an average cost of $95.00 per share, for a total transaction of $9,999,985.00. Following the completion of the acquisition, the chief executive officer owned 1,314,669 shares in the company, valued at approximately $124,893,555. This trade represents a 8.70% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.05% of the company’s stock.

Institutional Investors Weigh In On Intel

Several large investors have recently added to or reduced their stakes in INTC. Nilsine Partners LLC grew its stake in Intel by 3.8% in the 2nd quarter. Nilsine Partners LLC now owns 11,438 shares of the chip maker’s stock worth $1,597,000 after acquiring an additional 416 shares in the last quarter. Nvest Financial LLC purchased a new position in shares of Intel during the second quarter worth approximately $337,000. Saudi Central Bank raised its stake in shares of Intel by 84.4% during the second quarter. Saudi Central Bank now owns 307,538 shares of the chip maker’s stock valued at $42,942,000 after acquiring an additional 140,723 shares in the last quarter. Asset Allocation Strategies LLC bought a new stake in shares of Intel during the second quarter valued at approximately $271,000. Finally, Fortitude Advisory Group L.L.C. purchased a new stake in shares of Intel in the second quarter valued at approximately $227,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

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.