Intel (NASDAQ:INTC) Stock Price Down 2.5% After Analyst Downgrade

Intel Corporation (NASDAQ:INTC)’s share price traded down 2.5% during mid-day trading on Friday after Bank of America lowered their price target on the stock from $100.00 to $80.00. Bank of America currently has a neutral rating on the stock. Intel traded as low as $57.00 and last traded at $59.66. Approximately 101,277,590 shares changed hands during mid-day trading, a decline of 15% from the average session volume of 119,014,820 shares. The stock had previously closed at $61.20.

A number of other brokerages have also issued reports on INTC. Needham & Company LLC reissued a “hold” rating on shares of Intel in a report on Tuesday, October 27th. Rosenblatt Securities decreased their price objective on shares of Intel from $80.00 to $70.00 and set a “sell” rating on the stock in a research report on Friday, October 30th. Evercore reaffirmed an “outperform” rating and set a $133.00 price objective on shares of Intel in a research note on Friday, October 30th. KeyCorp dropped their target price on shares of Intel from $155.00 to $140.00 and set an “overweight” rating for the company in a report on Friday, October 30th. Finally, KGI Securities raised Intel from a “neutral” rating to an “outperform” rating and set a $95.00 target price on the stock in a research note on Friday, October 30th. Two analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, twenty-eight have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Intel has an average rating of “Hold” and an average target price of $96.93.

Insider Activity at Intel

In other news, CEO Lip Tan purchased 150,000 shares of the company’s stock in a transaction that occurred on Monday, November 2nd. The shares were bought at an average cost of $64.73 per share, for a total transaction of $9,709,500.00. Following the completion of the transaction, the chief executive officer directly owned 1,464,669 shares of the company’s stock, valued at $94,808,024.37. This trade represents a 11.41% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.05% of the stock is currently owned by insiders.

Intel News Summary

Investors following INTC have been watching these news items:

• Positive Sentiment: CEO Lip-Bu Tan bought $9.7 million of Intel stock, while saying AI workloads are driving renewed demand for CPUs. Intel also announced a collaboration with RadixArk to improve open AI inference on its platforms. Article: CEO stock purchase Article: Intel and RadixArk collaboration
• Neutral Sentiment: Intel’s CEO highlighted a potential “CPU renaissance” as AI inference and agentic computing expand, but also cautioned that an AI-market correction could occur and memory shortages may worsen next year. Article: Intel CEO on CPU demand
• Negative Sentiment: A comparison of Intel with AMD favored AMD, citing stronger prospects and a more reasonable valuation. Another analyst commentary said it would wait for Intel’s fourth-quarter results before turning more positive, reflecting concern about valuation and execution. Article: AMD or Intel comparison Article: Analyst pauses pending Q4 results

Hedge Funds Weigh In On Intel

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Street Corp raised its position in shares of Intel by 1.2% during the 2nd quarter. State Street Corp now owns 216,849,675 shares of the chip maker’s stock worth $30,278,720,000 after buying an additional 2,528,657 shares in the last quarter. Primecap Management Co. CA acquired a new stake in shares of Intel in the 2nd quarter worth approximately $10,507,291,000. Bank of America Corp DE lifted its stake in shares of Intel by 35.7% in the 2nd quarter. Bank of America Corp DE now owns 31,724,362 shares of the chip maker’s stock worth $4,429,673,000 after acquiring an additional 8,342,514 shares during the period. Legal & General Group Plc acquired a new stake in shares of Intel in the 2nd quarter worth approximately $4,096,110,000. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Intel by 87.1% in the third 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.

Intel Stock Down 2.5%

The company has a debt-to-equity ratio of 0.47, a current ratio of 2.31 and a quick ratio of 1.95. The firm has a market capitalization of $317.09 billion, a P/E ratio of -24.76, a PEG ratio of 6.68 and a beta of 2.42. The firm’s fifty day moving average price is $95.61 and its 200-day moving average price is $86.83.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, October 29th. The chip maker reported $0.52 EPS for the quarter, topping the consensus estimate of $0.41 by $0.11. The firm had revenue of $16.51 billion for the quarter, compared to analysts’ expectations of $16.56 billion. Intel had a positive return on equity of 4.70% and a negative net margin of 20.09%. The firm’s quarterly revenue was up 20.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.23 earnings per share. As a group, equities research analysts forecast that Intel Corporation will post 1.04 earnings per share for the current year.

Intel Company Profile

Intel Corporation is a semiconductor company that designs and manufactures processors and related technologies. Its products include central processing units for personal computers and servers, graphics and AI accelerators, and platforms and components for data center, networking, and edge computing applications. The company also operates Intel Foundry, which provides semiconductor manufacturing, packaging, and related services for Intel and external customers. Intel serves customers and businesses around the world through its products, technologies, and manufacturing operations.