Intel (NASDAQ:INTC) Stock Dropped to Neutral by Roth Capital

Roth Capital cut shares of Intel (NASDAQ:INTC) from a buy rating to a neutral rating in a research report sent to investors on Friday morning, MarketBeat Ratings reports. The firm currently has $70.00 target price on the chip maker’s stock, down from their prior target price of $120.00.

A number of other brokerages also recently issued reports on INTC. Rosenblatt Securities reaffirmed a “sell” rating and set a $80.00 price target on shares of Intel in a report on Tuesday. Wedbush restated a “neutral” rating and issued a $98.00 target price on shares of Intel in a report on Tuesday. Mizuho increased their target price on shares of Intel from $92.00 to $114.00 and gave the company a “neutral” rating in a research report on Tuesday, October 6th. Cantor Fitzgerald reduced their price target on shares of Intel from $150.00 to $125.00 and set a “neutral” rating for the company in a research report on Friday, July 24th. Finally, UBS Group raised Intel from a “hold” rating to a “buy” rating in a report on Tuesday, September 8th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, twenty-seven have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $97.86.

Intel Trading Down 28.6%

NASDAQ INTC opened at $65.76 on Friday. Intel has a 52 week low of $32.89 and a 52 week high of $142.35. The firm has a 50 day moving average of $101.10 and a two-hundred day moving average of $86.36. The company has a quick ratio of 1.25, a current ratio of 1.60 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $331.69 billion, a PE ratio of -27.29, a price-to-earnings-growth ratio of 9.78 and a beta of 2.22.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, October 29th. The chip maker reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.11. The business had revenue of $16.51 billion for the quarter, compared to analyst estimates of $16.56 billion. Intel had a negative net margin of 20.09% and a positive return on equity of 4.55%. The company’s revenue was up 20.9% on a year-over-year basis. During the same period last year, the business earned $0.23 EPS. As a group, research analysts expect that Intel will post 1.05 EPS for the current fiscal year.

Insider Activity at Intel

In other Intel news, CEO Lip Bu Tan bought 105,263 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was acquired at an average price of $95.00 per share, for a total transaction of $9,999,985.00. Following the completion of the purchase, the chief executive officer owned 1,314,669 shares of the company’s stock, valued at approximately $124,893,555. This represents a 8.70% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.05% of the company’s stock.

Institutional Trading of Intel

Hedge funds have recently added to or reduced their stakes in the stock. ABS Investment Management LLC bought a new position in shares of Intel during the 2nd quarter valued at $694,101,000. Montgomery Financial Services LLC bought a new stake in shares of Intel during the 2nd quarter worth about $26,000. Knuff & Co LLC acquired a new position in shares of Intel during the 2nd quarter valued at about $29,000. Glynn Capital Management LLC bought a new stake in Intel during the second quarter worth approximately $29,000. Finally, Next Level Wealth Planning LLC acquired a new position in Intel during the third quarter valued at approximately $28,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Intel

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

Intel Company Profile

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.