Intel (NASDAQ:INTC) Downgraded by Freedom Broker to “Hold”

Intel (NASDAQ:INTC) was downgraded by equities research analysts at Freedom Broker from a “buy” rating to a “hold” rating in a research report issued on Friday, Benzinga reports. They currently have a $90.00 price objective on the chip maker’s stock, down from their previous price objective of $100.00. Freedom Broker‘s price target points to a potential upside of 36.86% from the company’s current price.

Other equities analysts also recently issued reports about the stock. Rosenblatt Securities cut their price target on shares of Intel from $80.00 to $70.00 and set a “sell” rating on the stock in a report on Friday. National Bank Financial set a $85.00 target price on Intel in a research note on Monday, October 19th. Weiss Ratings lowered Intel from a “hold (c-)” rating to a “sell (d)” rating in a research note on Friday, October 23rd. Needham & Company LLC restated a “hold” rating on shares of Intel in a report on Tuesday, October 27th. Finally, Northland Securities set a $93.00 target price on Intel in a research note on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, twenty-eight have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $97.42.

Intel Stock Performance

NASDAQ INTC opened at $65.76 on Friday. The business’s 50 day moving average price is $101.10 and its 200-day moving average price is $86.36. Intel has a fifty-two week low of $32.89 and a fifty-two 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. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.86 and a current ratio of 2.21.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, October 29th. The chip maker reported $0.52 EPS for the quarter, topping the consensus estimate of $0.41 by $0.11. Intel had a negative net margin of 20.09% and a positive return on equity of 4.42%. The company had revenue of $16.51 billion during the quarter, compared to analyst estimates of $16.56 billion. During the same period in the previous year, the firm earned $0.23 earnings per share. Intel’s quarterly revenue was up 20.9% compared to the same quarter last year. Sell-side analysts predict that Intel will post 1.07 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Lip Bu Tan purchased 105,263 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were acquired at an average price of $95.00 per share, with a total value of $9,999,985.00. Following the transaction, the chief executive officer owned 1,314,669 shares of the company’s stock, valued at $124,893,555. This represents a 8.70% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.05% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in INTC. State Street Corp boosted its stake in shares of Intel by 1.2% during the second quarter. State Street Corp now owns 216,849,675 shares of the chip maker’s stock valued at $30,278,720,000 after purchasing an additional 2,528,657 shares in the last quarter. Primecap Management Co. CA bought a new position in Intel in the second quarter worth approximately $10,507,291,000. Bank of America Corp DE raised its stake in Intel by 35.7% in the second quarter. Bank of America Corp DE now owns 31,724,362 shares of the chip maker’s stock worth $4,429,673,000 after buying an additional 8,342,514 shares in the last quarter. Legal & General Group Plc bought a new stake in Intel during the 2nd quarter valued at $4,096,110,000. Finally, Assenagon Asset Management S.A. boosted its position in Intel by 87.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 30,214,769 shares of the chip maker’s stock valued at $3,632,722,000 after acquiring an additional 14,063,302 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

More Intel News

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel’s third-quarter revenue rose 20.9% year over year to $16.51 billion, while adjusted earnings of $0.52 per share exceeded consensus estimates. Data-center growth and the company’s shipment of products built on its advanced 18A process provide evidence that its turnaround remains possible. INTC Q3 deep dive
• Positive Sentiment: Northland Securities raised its earnings estimates for Intel, and some longer-term commentary points to potential benefits from 18A production and strategic investments by the U.S. government, Nvidia and SoftBank. These factors may attract dip buyers, although they have not offset near-term concerns. Northland Securities boosts earnings estimates
• Neutral Sentiment: The broader technology market is also under pressure, with chip stocks contributing to a sharp Nasdaq selloff and investors reducing exposure to cash-intensive artificial-intelligence investments. This market backdrop is amplifying Intel-specific volatility. Nasdaq tumbles as chip stocks fall
• Negative Sentiment: Intel’s outlook is the principal catalyst for selling. Next-quarter revenue guidance of approximately $15.5 billion was materially below analyst expectations, reflecting weaker PC demand and supply or capacity constraints that could limit the recovery. Analyst warns on Intel capacity woes
• Negative Sentiment: Multiple firms, including Seaport Global, Bank of America, Roth Capital and Freedom Broker, downgraded Intel to neutral or hold, while Citigroup, Cantor Fitzgerald, Susquehanna, Truist and other firms cut price targets. Analysts cited execution risk, capacity missteps and a slowing PC market, reinforcing concerns that the stock may remain “dead money” until planning and production problems improve. Seaport Global downgrades Intel

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.