Intel (NASDAQ:INTC) Stock Price Target Cut by Truist Financial

Key Points

• Truist Financial cut Intel’s price target from $108 to $72 and maintained a “hold” rating, implying about 11.5% upside from the reported price. Intel’s consensus rating remains “Hold,” with an average target of $102.03.
• Intel shares fell 29.9% to $64.56 during Friday trading amid concerns about weak guidance, PC-market pressure, supply constraints and heavy foundry investment.
• Intel beat third-quarter earnings expectations with adjusted EPS of $0.52 and revenue of $16.51 billion, but its fourth-quarter forecast fell well below analyst expectations, intensifying concerns about profitability and the company’s turnaround.

Intel (NASDAQ:INTC - Get Free Report) had its target price reduced by analysts at Truist Financial from $108.00 to $72.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has a "hold" rating on the chip maker's stock. Truist Financial's price target would indicate a potential upside of 11.52% from the stock's current price.

Other equities research analysts have also recently issued reports about the company. Northland Securities set a $93.00 price target on Intel in a research note on Friday. Barclays upgraded shares of Intel from a "hold" rating to an "overweight" rating in a report on Wednesday, September 16th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $100.00 price objective on shares of Intel in a research report on Friday. Stifel Nicolaus decreased their target price on Intel from $120.00 to $110.00 and set a "hold" rating for the company in a research note on Friday, July 24th. Finally, Wall Street Zen lowered shares of Intel from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, twenty-six have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Intel currently has a consensus rating of "Hold" and an average target price of $102.03.

Intel Trading Down 29.9%

Shares of NASDAQ INTC traded down $27.51 during midday trading on Friday, hitting $64.56. The company's stock had a trading volume of 263,639,087 shares, compared to its average volume of 116,152,047. Intel has a 12-month low of $32.89 and a 12-month high of $142.35. The business's 50 day moving average is $101.63 and its two-hundred day moving average is $86.25. The firm has a market cap of $325.65 billion, a P/E ratio of -30.54, a price-to-earnings-growth ratio of 10.14 and a beta of 2.22. The company has a current ratio of 1.60, a quick ratio of 1.25 and a debt-to-equity ratio of 0.47.

Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly 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 during the quarter, compared to the consensus estimate of $16.56 billion. Intel had a negative net margin of 19.79% and a positive return on equity of 2.62%. The company's revenue was up 20.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.23 earnings per share. As a group, equities research analysts expect that Intel will post 1.05 EPS for the current year.

Insider Activity at Intel

In other Intel news, CEO Lip Bu Tan purchased 105,263 shares of the business's stock in a transaction that occurred on Tuesday, August 11th. The shares were 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 in the company, valued at $124,893,555. The trade was a 8.70% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.05% of the company's stock.

Institutional Investors Weigh In On Intel

A number of hedge funds and other institutional investors have recently modified their holdings of INTC. Southern Financial Group LLC raised its stake in shares of Intel by 0.6% during the 1st quarter. Southern Financial Group LLC now owns 14,313 shares of the chip maker's stock worth $632,000 after purchasing an additional 90 shares in the last quarter. Harrell Investment Partners LLC raised its stake in shares of Intel by 0.4% in the second quarter. Harrell Investment Partners LLC now owns 23,277 shares of the chip maker's stock valued at $3,250,000 after purchasing an additional 100 shares in the last quarter. TFR Capital LLC. raised its position in Intel by 0.4% in the second quarter. TFR Capital LLC. now owns 26,643 shares of the chip maker's stock worth $3,720,000 after purchasing an additional 100 shares in the last quarter. Walker Asset Management LLC grew its position in Intel by 1.9% in the third quarter. Walker Asset Management LLC now owns 5,433 shares of the chip maker's stock valued at $653,000 after acquiring an additional 100 shares during the period. Finally, Wynn Capital LLC boosted its position in Intel by 0.4% in the second quarter. Wynn Capital LLC now owns 27,162 shares of the chip maker's stock valued at $3,793,000 after buying an additional 104 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 earnings expectations, reporting adjusted EPS of $0.52 versus the roughly $0.40–$0.41 consensus. Revenue rose about 21% year over year to $16.5 billion. Data Center and AI revenue increased 78% to $7.3 billion, while Intel Foundry revenue grew 58%. Intel Surpasses Q3 Earnings Estimates on Robust Data Center Demand
• Positive Sentiment: Management said AI-driven demand is supporting server processors, and CEO Lip-Bu Tan suggested AI agents could expand the server CPU market substantially. The company also cited improving cost and yield trends for its 18A manufacturing process. Intel CEO Discusses AI-Driven Server CPU Opportunity
• Neutral Sentiment: Some analysts viewed the selloff as creating a potential long-term entry point. KGI Securities upgraded Intel to Outperform with a $95 target, while separate technical commentary identified a possible buy signal after the decline. However, these bullish views remain counterbalanced by significant execution risks. Intel Technical Buy Signal
• Negative Sentiment: Intel forecast fourth-quarter revenue of $15 billion to $16 billion and adjusted EPS of about $0.25, well below Wall Street expectations of approximately $17.3 billion in revenue and $0.45 EPS. Expected gross-margin pressure added to concerns about profitability. Intel Shares Tumble on Lower Profit and Weak Guidance
• Negative Sentiment: The PC market is weakening sooner and more severely than expected, with higher memory prices and supply shortages hurting demand. Intel also expects a revenue impact from an Israel factory shutdown and warned that PC weakness could persist into the first half of next year. Intel Warning Sparks Chip Rout
• Negative Sentiment: Analysts cut ratings and price targets, citing supply constraints, heavy foundry investment and doubts that AI growth can offset PC weakness. Bank of America moved Intel to Neutral and reduced its target to $100; Cantor Fitzgerald, Roth MKM and Susquehanna also lowered targets. Broader concerns about the cost and payoff of AI infrastructure spending intensified the technology-sector selloff. Bank of America Downgrades Intel

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.

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