Intel (NASDAQ:INTC) Trading Down 2% – Here’s What Happened

Intel Corporation (NASDAQ:INTC) shares traded down 2% on Friday . The stock traded as low as $89.59 and last traded at $95.04. Approximately 123,878,617 shares traded hands during mid-day trading, an increase of 3% from the average session volume of 120,823,148 shares. The stock had previously closed at $96.98.

Intel News Summary

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel’s expanded Google Cloud partnership and use of Gemini Enterprise could improve chip design efficiency and support enterprise growth. Sundar Pichai Says ‘Great’ to see Intel Using Gemini Enterprise as Chipmaker Expands Google Cloud Partnership for AI-Powered Chip Design
• Positive Sentiment: Analysts and options traders are turning more constructive ahead of earnings, with some expecting Intel to post another beat and others positioning for a sizable post-earnings move. Intel Stock (INTC) Faces a Crucial Earnings Test. Options Traders Expect a 15% Move
• Positive Sentiment: Retail investors have been buying INTC shares ahead of Q2 results, suggesting sentiment remains strong despite the recent pullback. Investors Snapping Up INTC Stock Ahead of Q2 Earnings, According to Crowd Wisdom Data
• Neutral Sentiment: Multiple articles highlighted Intel’s upcoming Q2 earnings release, keeping attention focused on whether management can validate the recent rally and turnaround narrative. Intel (INTC) Stock Price Braces for a 15% Move as Q2 Earnings Near
• Negative Sentiment: Intel is being hit by a broader semiconductor rout as investors worry about slowing AI spending and softer chip-sector momentum. AMD Falls 5%, Intel Drops 4%, NVIDIA Slides 3% Before Recovering as Rotation Hits Semiconductor Stocks
• Negative Sentiment: Recent commentary also questioned Intel’s foundry turnaround and the durability of its AI-related valuation after the stock’s sharp run-up. TSMC’s 68% Margins Show Why Intel’s Foundry Turnaround Won’t Be Easy

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Mizuho set a $135.00 price objective on shares of Intel in a research note on Sunday, June 21st. Tigress Financial lifted their price target on Intel from $66.00 to $118.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Melius Research set a $150.00 price objective on Intel in a research note on Monday, May 18th. Stifel Nicolaus raised their price objective on Intel from $75.00 to $120.00 and gave the company a “hold” rating in a research note on Friday, July 10th. Finally, DA Davidson lifted their target price on Intel from $45.00 to $77.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, twenty-eight have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $102.72.

Intel Price 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 company has a market capitalization of $477.67 billion, a P/E ratio of -153.29 and a beta of 2.18. The firm’s fifty day moving average is $117.79 and its 200 day moving average is $75.90.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, April 23rd. The chip maker reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.28. The business had revenue of $13.58 billion during the quarter, compared to the consensus estimate of $12.32 billion. Intel had a negative net margin of 5.90% and a positive return on equity of 0.39%. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.13 earnings per share. Intel has set its Q2 2026 guidance at 0.200-0.200 EPS. As a group, analysts predict that Intel Corporation will post 0.65 earnings per share for the current fiscal year.

Insider Transactions at Intel

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 stock was sold at an average price of $99.53, for a total value of $4,006,679.68. Following the transaction, the executive vice president owned 105,077 shares of the company’s stock, valued at $10,458,313.81. This represents a 27.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.05% of the stock is currently owned by insiders.

Institutional Trading of Intel

Institutional investors and hedge funds have recently made changes to their positions in the business. Norges Bank purchased a new position in Intel during the 4th quarter worth $2,233,159,000. Capital Research Global Investors raised its position in Intel by 285.9% during the 4th quarter. Capital Research Global Investors now owns 26,619,928 shares of the chip maker’s stock valued at $982,279,000 after purchasing an additional 19,722,010 shares in the last quarter. Capital World Investors lifted its holdings in shares of Intel by 20.3% in the 4th quarter. Capital World Investors now owns 104,060,268 shares of the chip maker’s stock worth $3,839,833,000 after buying an additional 17,557,147 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Intel by 3.5% in the 4th quarter. Vanguard Group Inc. now owns 404,522,308 shares of the chip maker’s stock worth $14,926,873,000 after buying an additional 13,692,624 shares during the period. Finally, Morgan Stanley grew its position in shares of Intel by 20.4% during the 4th quarter. Morgan Stanley now owns 65,249,269 shares of the chip maker’s stock worth $2,407,698,000 after buying an additional 11,056,090 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors.

Intel Company Profile

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.