Intel (NASDAQ:INTC) Downgraded by Bank of America to "Underperform"

Key Points

• Bank of America downgraded Intel's stock from "neutral" to "underperform," with a target price of $34.00, indicating a potential downside of 6.69% from its previous close.
• Analysts' ratings for Intel are mixed, with two buy ratings, twenty-two holds, and eight sells, resulting in an average target price of $26.98.
• Intel reported a loss of ($0.10) EPS for the latest quarter, falling short of the analysts' consensus estimate of $0.01.

Intel (NASDAQ:INTC - Get Free Report) was downgraded by equities researchers at Bank of America from a "neutral" rating to an "underperform" rating in a research report issued to clients and investors on Monday,Briefing.com Automated Import reports. They presently have a $34.00 price objective on the chip maker's stock. Bank of America's target price points to a potential downside of 6.69% from the company's previous close.

A number of other brokerages also recently commented on INTC. HSBC restated a "reduce" rating and issued a $24.00 target price (up from $21.25) on shares of Intel in a research note on Tuesday, October 7th. Needham & Company LLC reissued a "hold" rating on shares of Intel in a report on Friday, July 25th. Hsbc Global Res lowered shares of Intel from a "hold" rating to a "moderate sell" rating in a research report on Tuesday, October 7th. Seaport Res Ptn upgraded shares of Intel from a "strong sell" rating to a "hold" rating in a research report on Wednesday, September 24th. Finally, Stifel Nicolaus increased their price objective on shares of Intel from $21.00 to $24.50 and gave the company a "hold" rating in a report on Monday, July 21st. Two investment analysts have rated the stock with a Buy rating, twenty-two have assigned a Hold rating and eight have given a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Reduce" and an average target price of $26.98.

Intel Price Performance

Intel stock opened at $36.44 on Monday. The firm has a fifty day moving average of $27.17 and a 200-day moving average of $23.24. Intel has a 52-week low of $17.67 and a 52-week high of $39.65. The company has a quick ratio of 0.92, a current ratio of 1.24 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $159.49 billion, a P/E ratio of -7.64 and a beta of 1.33.

Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The chip maker reported ($0.10) earnings per share for the quarter, missing analysts' consensus estimates of $0.01 by ($0.11). Intel had a negative net margin of 38.64% and a negative return on equity of 3.78%. The firm had revenue of $12.86 billion during the quarter, compared to the consensus estimate of $11.88 billion. During the same quarter last year, the firm posted $0.02 earnings per share. Intel's revenue was up .5% compared to the same quarter last year. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. As a group, analysts predict that Intel will post -0.11 EPS for the current year.

Institutional Investors Weigh In On Intel

Large investors have recently made changes to their positions in the company. N.E.W. Advisory Services LLC bought a new stake in Intel in the first quarter worth approximately $25,000. HFM Investment Advisors LLC acquired a new position in shares of Intel during the first quarter valued at about $25,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Intel during the first quarter worth about $27,000. West Branch Capital LLC bought a new position in Intel during the second quarter valued at about $28,000. Finally, Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna bought a new stake in shares of Intel in the 2nd quarter worth approximately $28,000. Institutional investors own 64.53% of the company's stock.

About Intel

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.