Intel (NASDAQ:INTC) Stock Gets Price Target Cut from DA Davidson

Intel (NASDAQ:INTC) had its price objective cut by DA Davidson from $100.00 to $70.00 in a research report report published on Friday morning,Benzinga reports. They currently have a neutral rating on the chip maker’s stock.

Several other brokerages have also recently weighed in on INTC. Zacks Research upgraded Intel from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 26th. Robert W. Baird set a $83.00 price target on shares of Intel in a research note on Friday. Barclays raised shares of Intel from a “hold” rating to an “overweight” rating in a research report on Wednesday, September 16th. Weiss Ratings downgraded Intel from a “hold (c-)” rating to a “sell (d)” rating in a research note on Friday, October 23rd. Finally, Needham & Company LLC reissued a “hold” rating on shares of Intel in a report on Tuesday, October 27th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, twenty-seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $97.86.

Intel Price Performance

INTC stock opened at $65.76 on Friday. The company’s 50-day moving average price is $101.10 and its 200 day moving average price is $86.36. The company has a current ratio of 2.21, a quick ratio of 1.86 and a debt-to-equity ratio of 0.35. Intel has a 52 week low of $32.89 and a 52 week high of $142.35. The company has a market cap of $331.69 billion, a P/E ratio of -27.29, a P/E/G ratio of 6.85 and a beta of 2.42.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, October 29th. The chip maker reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.11. The firm had revenue of $16.51 billion for the quarter, compared to the consensus estimate of $16.56 billion. Intel had a positive return on equity of 4.42% and a negative net margin of 20.09%. The firm’s revenue for the quarter was up 20.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.23 EPS. On average, research analysts expect that Intel will post 1.07 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Intel news, CEO Lip Bu Tan purchased 105,263 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The stock was purchased at an average price of $95.00 per share, for a total transaction of $9,999,985.00. Following the purchase, the chief executive officer directly owned 1,314,669 shares in the company, valued at approximately $124,893,555. This trade represents a 8.70% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.05% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Pathway Financial Advisers LLC acquired a new position in shares of Intel in the 3rd quarter valued at about $25,000. Northeast Investment Management raised its holdings in Intel by 8.9% during the third quarter. Northeast Investment Management now owns 28,322 shares of the chip maker’s stock valued at $3,405,000 after acquiring an additional 2,312 shares during the period. Richardson Financial Services Inc. grew its stake in shares of Intel by 36.9% during the third quarter. Richardson Financial Services Inc. now owns 6,590 shares of the chip maker’s stock valued at $792,000 after buying an additional 1,777 shares during the last quarter. Ascent Group LLC boosted its holdings in Intel by 2.6% in the third quarter. Ascent Group LLC now owns 79,903 shares of the chip maker’s stock worth $9,607,000 after acquiring an additional 2,024 shares in the last quarter. Finally, 3Chopt Investment Partners LLC lifted its position in shares of Intel by 23.5% during the 3rd quarter. 3Chopt Investment Partners LLC now owns 9,989 shares of the chip maker’s stock valued at $1,201,000 after buying an additional 1,898 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors.

Intel News Roundup

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel exceeded third-quarter expectations, reporting adjusted earnings of $0.52 per share versus a roughly $0.41 consensus estimate. Revenue increased 21% year over year to approximately $16.5 billion. Intel third-quarter earnings report
• Positive Sentiment: Data Center and AI revenue rose 78% to $7.3 billion, while Intel Foundry revenue increased 58% to $6.7 billion. CEO Lip-Bu Tan also highlighted the potential for AI agents to expand the server CPU market. Intel server and AI revenue coverage
• Neutral Sentiment: Intel agreed to acquire Israeli quantum software company Classiq Technologies for about $2.3 billion, seeking to build a full-stack quantum-computing business. The deal may provide a long-term growth option but adds to near-term spending and execution demands. Intel Classiq acquisition
• Negative Sentiment: Fourth-quarter guidance was well below Wall Street expectations: revenue is projected at $15 billion-$16 billion, versus approximately $17.1 billion expected, with adjusted earnings of about $0.25 per share versus roughly $0.45 expected. Management said the PC slowdown could persist through at least the first half of 2027. Reuters Intel outlook report
• Negative Sentiment: Memory shortages and higher component prices are making PCs more expensive, while Intel expects client-computing revenue to weaken. A blast at its Israel facility is expected to cause roughly $300 million-$600 million in revenue disruption, adding to manufacturing constraints. Intel PC slowdown and Israel facility report
• Negative Sentiment: Analysts responded with multiple downgrades and price-target reductions, citing weak PC demand, supply bottlenecks, lower margins, heavy foundry investment and the risk that Intel may not generate free cash flow in 2027. The outlook also triggered a broad semiconductor selloff, pressuring AMD, Nvidia, Broadcom and other chip stocks. Analyst reactions to Intel earnings

About Intel

Intel Corporation (NASDAQ:INTC) is a global semiconductor company that designs and manufactures computing and connectivity products. Its portfolio includes Intel Core processors for personal computers, Xeon processors for data centers and enterprise systems, and products for networking, edge computing, graphics, and artificial intelligence workloads.

Through Intel Foundry, the company also provides semiconductor manufacturing and technology-development services for external customers. Intel develops process technologies, advanced packaging, and other manufacturing capabilities intended to support its own products and third-party chip designs.

Founded in 1968 by Robert Noyce and Gordon Moore, Intel helped establish the modern microprocessor industry and has historically supplied processors for PCs, servers, and other computing systems.