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

Key Points

• Intel shares fell 3.1% in mid-day trading to about $39.51 (low $39.08) on Thursday, with roughly 57.6 million shares traded—about 43% below its average daily volume and off a prior close of $40.78.
• Analyst sentiment is tepid: the consensus rating is "Reduce" with a $34.84 average price target, and the coverage breakdown shows 2 Buys, 24 Holds and 8 Sells despite several recent target increases by major banks.
• Intel reported Q3 EPS of $0.23 and revenue of $13.65 billion (beating estimates of $13.10B) but posted very slim margins and a negative ROE; management guided Q4 EPS to $0.08 while analysts forecast -$0.11 for the fiscal year.

Shares of Intel Corporation (NASDAQ:INTC - Get Free Report) dropped 3.1% during mid-day trading on Thursday . The stock traded as low as $39.08 and last traded at $39.51. Approximately 57,603,008 shares changed hands during mid-day trading, a decline of 43% from the average daily volume of 101,846,609 shares. The stock had previously closed at $40.78.

Analyst Ratings Changes

INTC has been the subject of a number of research reports. JPMorgan Chase & Co. increased their price target on Intel from $21.00 to $30.00 and gave the company an "underweight" rating in a research note on Friday, October 24th. Wedbush upped their price objective on Intel from $19.00 to $20.00 and gave the stock a "neutral" rating in a report on Wednesday, October 22nd. Barclays raised their target price on shares of Intel from $25.00 to $35.00 and gave the company an "equal weight" rating in a report on Friday, October 24th. Truist Financial upped their price target on shares of Intel from $21.00 to $39.00 and gave the company a "hold" rating in a research note on Friday, October 24th. Finally, Bank of America reissued an "underperform" rating and issued a $34.00 price objective on shares of Intel in a research note on Monday, October 13th. Two research analysts have rated the stock with a Buy rating, twenty-four have given a Hold rating and eight have assigned a Sell rating to the stock. According to data from MarketBeat, Intel presently has an average rating of "Reduce" and a consensus price target of $34.84.

Intel Price Performance

The company has a current ratio of 1.60, a quick ratio of 1.25 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $188.74 billion, a PE ratio of 3,954.95 and a beta of 1.34. The stock's 50-day moving average is $38.05 and its two-hundred day moving average is $28.59.

Intel (NASDAQ:INTC - Get Free Report) last released its earnings results on Thursday, October 23rd. The chip maker reported $0.23 EPS for the quarter. Intel had a negative return on equity of 0.75% and a net margin of 0.37%.The firm had revenue of $13.65 billion for the quarter, compared to analysts' expectations of $13.10 billion. During the same quarter in the prior year, the firm posted ($0.46) earnings per share. The company's quarterly revenue was up 3.0% on a year-over-year basis. Intel has set its Q4 2025 guidance at 0.080-0.080 EPS. On average, equities analysts predict that Intel Corporation will post -0.11 EPS for the current year.

Institutional Trading of Intel

A number of large investors have recently made changes to their positions in INTC. Saranac Partners Ltd bought a new position in shares of Intel in the third quarter worth about $81,000. Strategic Investment Solutions Inc. IL lifted its holdings in Intel by 467.6% during the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 16,999 shares of the chip maker's stock valued at $570,000 after buying an additional 14,004 shares in the last quarter. Allworth Financial LP boosted its position in Intel by 0.4% in the 3rd quarter. Allworth Financial LP now owns 275,282 shares of the chip maker's stock valued at $9,236,000 after buying an additional 1,233 shares during the period. Swiss Life Asset Management Ltd grew its stake in Intel by 16.2% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 715,524 shares of the chip maker's stock worth $24,006,000 after acquiring an additional 99,855 shares in the last quarter. Finally, RIA Advisory Group LLC increased its position in shares of Intel by 2.2% during the third quarter. RIA Advisory Group LLC now owns 111,574 shares of the chip maker's stock worth $3,743,000 after acquiring an additional 2,356 shares during the period. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Company Profile

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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