Intel (NASDAQ:INTC) Trading Down 1.1% – Here’s What Happened

Shares of Intel Corporation (NASDAQ:INTC) were down 1.1% on Friday . The company traded as low as $34.62 and last traded at $35.52. Approximately 71,308,081 shares were traded during trading, a decline of 31% from the average daily volume of 103,175,414 shares. The stock had previously closed at $35.91.

Analyst Ratings Changes

Several equities analysts have issued reports on INTC shares. Hsbc Global Res lowered Intel from a “hold” rating to a “moderate sell” rating in a research note on Tuesday, October 7th. UBS Group lifted their price objective on shares of Intel from $35.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday, October 6th. Morgan Stanley boosted their price objective on shares of Intel from $23.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Monday, October 20th. Wells Fargo & Company raised their target price on shares of Intel from $30.00 to $45.00 and gave the company an “equal weight” rating in a research note on Friday, October 24th. Finally, New Street Research lifted their price target on shares of Intel from $23.00 to $32.00 in a report on Friday, September 19th. Two analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and eight have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $34.84.

Intel Trading Down 1.1%

The stock’s fifty day simple moving average is $34.63 and its 200-day simple moving average is $26.34. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.60 and a quick ratio of 1.25. The firm has a market cap of $169.68 billion, a PE ratio of 3,555.56 and a beta of 1.31.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, October 23rd. The chip maker reported $0.23 earnings per share for the quarter. Intel had a net margin of 0.37% and a negative return on equity of 0.75%. The firm had revenue of $13.65 billion for the quarter, compared to analyst estimates of $13.10 billion. During the same period in the previous year, the company earned ($0.46) earnings per share. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. Intel has set its Q4 2025 guidance at 0.080-0.080 EPS. On average, sell-side analysts forecast that Intel Corporation will post -0.11 earnings per share for the current year.

Institutional Trading of Intel

Hedge funds and other institutional investors have recently made changes to their positions in the business. Norges Bank purchased a new position in shares of Intel in the 2nd quarter valued at about $1,579,378,000. Nuveen LLC acquired a new stake in Intel in the first quarter valued at approximately $538,430,000. Capital World Investors grew its holdings in Intel by 32.5% in the third quarter. Capital World Investors now owns 86,503,121 shares of the chip maker’s stock valued at $2,902,180,000 after purchasing an additional 21,230,715 shares during the period. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Intel in the second quarter valued at approximately $345,245,000. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Intel by 99.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,829,385 shares of the chip maker’s stock worth $677,426,000 after buying an additional 14,901,457 shares during the period. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Company Profile

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.