Intel (NASDAQ:INTC) Trading Down 6.2% – Here’s What Happened

Intel Corporation (NASDAQ:INTC) fell 6.2% during trading on Friday . The stock traded as low as $105.02 and last traded at $108.77. 129,948,212 shares were traded during trading, an increase of 9% from the average session volume of 119,614,445 shares. The stock had previously closed at $115.93.

More Intel News

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel announced it is the official compute partner of McLaren Racing, adding another visible partnership that showcases its chips in high-performance, real-world workloads. Article Title
• Positive Sentiment: Erste Group Bank raised its FY2026 and FY2027 earnings estimates for Intel, suggesting some analysts see the turnaround improving. Article Title
• Neutral Sentiment: Intel continues to be featured in bullish AI and infrastructure narratives, including reports tied to Apple, Tesla’s Terafab project, and Intel’s role in AI compute builds, which support the long-term thesis but do not offset near-term caution. Article Title
• Negative Sentiment: Multiple reports say Intel is being hit by a broad semiconductor pullback as Treasury yields rise and investors rotate out of high-flying AI stocks. Article Title
• Negative Sentiment: Analysts and market commentary continue to warn that Intel is losing server CPU market share to AMD and Arm, raising concerns about its competitive position in AI data centers. Article Title
• Negative Sentiment: Several articles framed Intel’s rally as overextended, with profit-taking and “AI bubble” worries triggering a sharp reversal in chip stocks. Article Title

Analysts Set New Price Targets

Several brokerages have commented on INTC. Seaport Research Partners lifted their price objective on shares of Intel from $65.00 to $90.00 and gave the company a “buy” rating in a research note on Friday, April 24th. HSBC upgraded shares of Intel from a “hold” rating to a “buy” rating and boosted their target price for the company from $50.00 to $95.00 in a research note on Tuesday, April 21st. Morgan Stanley boosted their target price on shares of Intel from $56.00 to $73.00 and gave the company an “equal weight” rating in a research note on Friday, April 24th. Sanford C. Bernstein reiterated a “neutral” rating on shares of Intel in a research note on Friday, April 24th. Finally, DA Davidson boosted their target price on shares of Intel from $45.00 to $77.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twenty-five have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $77.38.

Intel Stock Performance

The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.85 and a current ratio of 2.31. The firm’s 50 day moving average is $67.51 and its 200-day moving average is $50.84. The stock has a market capitalization of $546.68 billion, a price-to-earnings ratio of -175.43 and a beta of 2.18.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, April 23rd. The chip maker reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.28. The firm had revenue of $13.58 billion during the quarter, compared to analysts’ expectations of $12.32 billion. Intel had a negative net margin of 5.90% and a positive return on equity of 0.39%. The business’s revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.13 EPS. Intel has set its Q2 2026 guidance at 0.200-0.200 EPS. Analysts forecast that Intel Corporation will post 0.63 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Intel news, EVP Boise April Miller sold 40,256 shares of the company’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $99.53, for a total transaction of $4,006,679.68. Following the completion of the transaction, the executive vice president directly owned 105,077 shares in the company, valued at approximately $10,458,313.81. This represents a 27.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.05% of the company’s stock.

Hedge Funds Weigh In On Intel

Large investors have recently added to or reduced their stakes in the stock. Financially Speaking Inc raised its position in Intel by 69.2% during the fourth quarter. Financially Speaking Inc now owns 682 shares of the chip maker’s stock worth $25,000 after acquiring an additional 279 shares during the period. Financial Life Planners acquired a new position in Intel during the first quarter worth $25,000. Legacy Bridge LLC acquired a new position in Intel during the fourth quarter worth $26,000. Raleigh Capital Management Inc. acquired a new position in Intel during the fourth quarter worth $29,000. Finally, Swiss RE Ltd. acquired a new position in Intel during the fourth quarter worth $29,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

About Intel

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.