Intel (NASDAQ:INTC) Shares Down 4.6% – Here’s What Happened

Posted by Geri Gentry on Oct 14th, 2026

Shares of Intel Corporation (NASDAQ:INTC – Get Free Report) dropped 4.6% on Wednesday. The company traded as low as $97.67 and last traded at $98.12. Approximately 102,519,448 shares traded hands during mid-day trading, a decline of 12% from the average daily volume of 116,188,461 shares. The stock had previously closed at $102.81.

Intel News Summary

Here are the key news stories impacting Intel this week:

Positive Sentiment: Intel’s second-quarter revenue increased approximately 25% year over year, its strongest growth in years. Erste Group also raised its fiscal 2026 and 2027 earnings estimates to $1.08 and $1.56 per share, respectively. Is Intel’s Record Sales Growth Still Improving?
Positive Sentiment: Intel’s Crescent Island GPU D-Series targets lower-cost AI inference using air-cooled, high-memory hardware that can fit into existing data-center infrastructure. The strategy could help Intel capture enterprise AI demand as customers become more focused on capital efficiency. Intel Bets on Cheaper AI as Foundry Losses Mount
Positive Sentiment: ASML said AI demand continues to exceed chip supply, while Intel has reportedly exposed 1 million wafers using ASML’s High-NA EUV technology. This supports the long-term opportunity for Intel’s manufacturing and foundry ambitions. AI demand to exceed supply for 2 more years, says ASML
Neutral Sentiment: Investors are looking ahead to Intel’s upcoming quarterly results for evidence that improved chip supply, CPU demand, and external foundry customers are translating into stronger margins and cash flow. However, the stock’s sharp prior rally leaves limited room for disappointment. INTC Stock: What to Watch Before Earnings
Negative Sentiment: An explosion at Intel’s Kiryat Gat facility in Israel unsettled investors and raised concerns about potential operational disruption, although the immediate financial impact was not detailed. Why Intel Stock Hit the Skids on Wednesday
Negative Sentiment: Intel remains under pressure from heavy foundry losses: revenue is growing, but the division reportedly posted an operating loss near $2.1 billion. A separate $12.5 billion noncash charge contributed to an $11 billion GAAP net loss for the quarter. Applied Materials vs. Intel
Negative Sentiment: A wider semiconductor sell-off, concerns about elevated valuations and financing costs, and intensifying Chinese competition are weighing on chip stocks broadly. Intel’s high valuation and roughly 20% pullback from its September high amplify sensitivity to negative news. Intel, AMD stocks fall as chip sell-off deepens

Analysts Set New Price Targets

A number of brokerages recently weighed in on INTC. Sanford C. Bernstein reiterated a “neutral” rating on shares of Intel in a report on Monday, September 21st. Robert W. Baird upped their target price on shares of Intel from $75.00 to $125.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. Citigroup assumed coverage on shares of Intel in a research report on Tuesday, September 8th. They set a “buy” rating on the stock. Weiss Ratings raised shares of Intel from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday. Finally, Stifel Nicolaus decreased their price target on shares of Intel from $120.00 to $110.00 and set a “hold” rating for the company in a research note on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, twenty-seven have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $109.06.

Get Our Latest Stock Report on Intel

Intel Stock Down 4.6%

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 firm has a market cap of $494.92 billion, a PE ratio of -46.50, a P/E/G ratio of 10.81 and a beta of 2.22. The business’s 50-day simple moving average is $103.44 and its 200 day simple moving average is $100.64.

Intel (NASDAQ:INTC – Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The chip maker reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.21. Intel had a negative net margin of 19.79% and a positive return on equity of 2.62%. The firm had revenue of $16.13 billion during the quarter, compared to analysts’ expectations of $14.43 billion. During the same quarter in the prior year, the company earned ($0.10) EPS. The company’s revenue was up 25.2% compared to the same quarter last year. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. As a group, equities research analysts expect that Intel Corporation will post 1.04 earnings per share for the current year.

Insider Activity at Intel

In other news, CEO Lip Bu Tan purchased 105,263 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was acquired at an average cost of $95.00 per share, with a total value of $9,999,985.00. Following the completion of the transaction, the chief executive officer owned 1,314,669 shares in the company, valued at $124,893,555. This represents a 8.70% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.05% of the company’s stock.

Institutional Trading of Intel

A number of institutional investors have recently made changes to their positions in the business. Financial Life Planners acquired a new position in shares of Intel in the first quarter valued at about $25,000. Montgomery Financial Services LLC acquired a new stake in Intel during the 2nd quarter valued at approximately $26,000. Glynn Capital Management LLC purchased a new stake in shares of Intel in the 2nd quarter valued at $29,000. Knuff & Co LLC purchased a new position in shares of Intel during the second quarter worth $29,000. Finally, Osbon Capital Management LLC acquired a new position in Intel during the fourth quarter valued at $30,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Company Profile

(Get Free Report)

Intel Corporation (NASDAQ: INTC) is a global semiconductor company that designs and manufactures computing and connectivity products. Its portfolio includes central processing units (CPUs), graphics and accelerator products, chipsets, networking components, and other semiconductor solutions used in personal computers, servers, cloud infrastructure, artificial intelligence systems, and embedded applications.

The company serves a broad range of customers, including original equipment manufacturers, cloud service providers, enterprise businesses, telecommunications companies, government organizations, and other technology firms.