Intel (NASDAQ:INTC) Shares Down 2.3% – What’s Next?

Intel Corporation (NASDAQ:INTC) dropped 2.3% on Monday . The stock traded as low as $34.23 and last traded at $34.71. Approximately 71,720,670 shares changed hands during mid-day trading, a decline of 30% from the average daily volume of 103,033,266 shares. The stock had previously closed at $35.52.

Wall Street Analysts Forecast Growth

INTC has been the subject of several research reports. BNP Paribas Exane boosted their price target on Intel from $19.00 to $30.00 and gave the stock an “underperform” rating in a research report on Friday, October 24th. HSBC upped their target price on shares of Intel from $24.00 to $26.00 in a report on Friday, October 24th. Evercore ISI boosted their price target on shares of Intel from $23.00 to $41.10 in a research report on Friday, October 24th. Sanford C. Bernstein restated a “neutral” rating on shares of Intel in a report on Tuesday. Finally, Hsbc Global Res cut Intel from a “hold” rating to a “moderate sell” rating in a report on Tuesday, October 7th. Two research analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and eight have issued a Sell rating to the company’s stock. According to data from MarketBeat, Intel has an average rating of “Reduce” and a consensus price target of $34.84.

Intel Price Performance

The company has a market cap of $167.72 billion, a price-to-earnings ratio of 3,514.51 and a beta of 1.31. The stock’s 50-day simple moving average is $35.04 and its 200 day simple moving average is $26.58. The company has a quick ratio of 1.25, a current ratio of 1.60 and a debt-to-equity ratio of 0.38.

Intel (NASDAQ:INTC) last posted 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 during the quarter, compared to analysts’ expectations of $13.10 billion. During the same quarter last year, the company posted ($0.46) EPS. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. Intel has set its Q4 2025 guidance at 0.080-0.080 EPS. On average, equities research analysts anticipate that Intel Corporation will post -0.11 EPS for the current fiscal year.

Institutional Investors Weigh In On Intel

A number of hedge funds and other institutional investors have recently modified their holdings of INTC. Corundum Trust Company INC acquired a new position in shares of Intel during the 3rd quarter worth about $29,000. Provenance Wealth Advisors LLC boosted its holdings in Intel by 89.2% in the third quarter. Provenance Wealth Advisors LLC now owns 946 shares of the chip maker’s stock valued at $32,000 after purchasing an additional 446 shares in the last quarter. GoalVest Advisory LLC purchased a new position in Intel in the third quarter valued at approximately $34,000. Strengthening Families & Communities LLC acquired a new stake in Intel during the third quarter worth approximately $33,000. Finally, HFM Investment Advisors LLC purchased a new stake in shares of Intel during the 1st quarter worth approximately $25,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

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.