Intel (NASDAQ:INTC) Shares Down 3.1% - Here's Why

Key Points

• Intel's stock price fell by 3.1%, closing at $36.92, with a significant decline in trading volume, down 17% from the average.
• Recent analyst reports varied, with Needham maintaining a "hold" rating, while HSBC set a "reduce" rating with a price target of $24.
• The company reported a loss of ($0.10) earnings per share for the last quarter, missing estimates, despite revenue of $12.86 billion exceeding expectations.

Intel Corporation (NASDAQ:INTC - Get Free Report)'s stock price traded down 3.1% during mid-day trading on Wednesday . The company traded as low as $36.04 and last traded at $36.92. 86,129,029 shares traded hands during trading, a decline of 17% from the average session volume of 103,212,656 shares. The stock had previously closed at $38.12.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Needham & Company LLC reiterated a "hold" rating on shares of Intel in a research note on Friday, July 25th. HSBC reiterated a "reduce" rating and set a $24.00 price objective (up previously from $21.25) on shares of Intel in a research note on Tuesday, October 7th. Cantor Fitzgerald lifted their target price on Intel from $36.00 to $40.00 and gave the stock a "neutral" rating in a report on Monday. New Street Research lifted their target price on Intel from $23.00 to $32.00 in a report on Friday, September 19th. Finally, Northland Securities lifted their target price on Intel from $28.00 to $42.00 in a report on Friday, September 19th. Two investment analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and seven have issued a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Reduce" and an average target price of $29.26.

Intel Stock Down 3.1%

The company has a market cap of $161.60 billion, a P/E ratio of -7.74 and a beta of 1.33. 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 company has a fifty day moving average of $29.52 and a 200 day moving average of $23.97.

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

Hedge Funds Weigh In On Intel

Several large investors have recently made changes to their positions in the business. N.E.W. Advisory Services LLC purchased a new stake in shares of Intel in the first quarter worth about $25,000. HFM Investment Advisors LLC purchased a new stake in shares of Intel in the first quarter worth about $25,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Intel in the first quarter worth about $27,000. West Branch Capital LLC purchased a new stake in shares of Intel in the second quarter worth about $28,000. Finally, Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna purchased a new stake in shares of Intel in the second quarter worth about $28,000. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

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.

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