Intel (NASDAQ:INTC) Stock Price Down 5.1% - Here's Why

Key Points

• Intel shares fell 5.1% on Friday, with heavy trading volume of about 189.6 million shares, well above its daily average. The stock traded as low as $113.54 after closing at $120.89 the previous day.
• Recent business updates were mixed but largely positive: Intel and Acer launched new gaming handhelds and laptops using Intel chips, and Reuters reported Intel and 3DGS plan a $3.3 billion substrate plant in India tied to Intel’s foundry and packaging ambitions.
• Despite the drop, analysts have been lifting price targets, including Cantor Fitzgerald, New Street Research, and TD Cowen, though the overall consensus remains “Hold” with an average target of $81.52. Intel also beat quarterly earnings and revenue estimates in its latest report.

Intel Corporation (NASDAQ:INTC - Get Free Report) dropped 5.1% on Friday . The company traded as low as $113.54 and last traded at $114.68. Approximately 189,595,994 shares changed hands during trading, an increase of 58% from the average daily volume of 120,153,734 shares. The stock had previously closed at $120.89.

Intel News Summary

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel and Acer launched new gaming handhelds and laptops powered by Intel’s latest Arc G-Series and Core processors, highlighting stronger traction in portable gaming and AI PC hardware. Acer Expands Gaming Portfolio With Predator Atlas 8 Handheld Powered by Intel
• Positive Sentiment: Reuters reported that Intel and 3DGS will invest about $3.3 billion to build a substrate manufacturing plant in India, which supports Intel’s foundry and advanced packaging ambitions. Intel, 3DGS to set up $3.3 billion substrate plant in India's Odisha state
• Positive Sentiment: MediaTek said it supports both TSMC’s and Intel’s advanced packaging technologies, a sign that Intel is gaining credibility as a packaging option for major chip designers. Taiwan's MediaTek says it supports both TSMC and Intel's advanced packaging technologies

Analyst Upgrades and Downgrades

INTC has been the topic of a number of recent analyst reports. Cantor Fitzgerald boosted their price target on Intel from $65.00 to $90.00 and gave the stock a "neutral" rating in a research report on Friday, April 24th. New Street Research boosted their price target on Intel from $50.00 to $80.00 and gave the stock a "neutral" rating in a research report on Friday, April 24th. Evercore set a $95.00 price target on Intel in a research report on Friday, April 24th. TD Cowen boosted their price target on Intel from $60.00 to $75.00 and gave the stock a "hold" rating in a research report on Friday, April 24th. Finally, Scotiabank initiated coverage on Intel in a research report on Tuesday, April 21st. They issued a "sector perform" rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twenty-six have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $81.52.

Intel Stock Down 5.1%

The firm has a 50-day moving average price of $80.55 and a 200 day moving average price of $55.91. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.31 and a quick ratio of 1.85. The company has a market cap of $576.38 billion, a price-to-earnings ratio of -184.96 and a beta of 2.18.

Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings results on Thursday, April 23rd. The chip maker reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.28. The business had revenue of $13.58 billion during the quarter, compared to analysts' expectations of $12.32 billion. Intel had a positive return on equity of 0.39% and a negative net margin of 5.90%.The firm's revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.13 earnings per share. Intel has set its Q2 2026 guidance at 0.200-0.200 EPS. Sell-side analysts predict that Intel Corporation will post 0.63 EPS for the current year.

Insider Activity

In related news, EVP Boise April Miller sold 40,256 shares of the business's stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $99.53, for a total value of $4,006,679.68. Following the completion of the sale, the executive vice president directly owned 105,077 shares in the company, valued at approximately $10,458,313.81. The trade was a 27.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.05% of the company's stock.

Institutional Investors Weigh In On Intel

Institutional investors have recently made changes to their positions in the stock. Norges Bank bought a new stake in Intel during the fourth quarter worth $2,233,159,000. Capital World Investors lifted its stake in Intel by 32.5% during the third quarter. Capital World Investors now owns 86,503,121 shares of the chip maker's stock worth $2,902,180,000 after purchasing an additional 21,230,715 shares during the last quarter. Capital Research Global Investors lifted its stake in Intel by 285.9% during the fourth quarter. Capital Research Global Investors now owns 26,619,928 shares of the chip maker's stock worth $982,279,000 after purchasing an additional 19,722,010 shares during the last quarter. Vanguard Group Inc. lifted its stake in Intel by 3.5% during the fourth quarter. Vanguard Group Inc. now owns 404,522,308 shares of the chip maker's stock worth $14,926,873,000 after purchasing an additional 13,692,624 shares during the last quarter. Finally, Morgan Stanley lifted its stake in Intel by 20.4% during the fourth quarter. Morgan Stanley now owns 65,249,269 shares of the chip maker's stock worth $2,407,698,000 after purchasing an additional 11,056,090 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors.

About Intel

Intel Corporation, founded in 1968 by Robert Noyce and Gordon E. Moore and headquartered in Santa Clara, California, is a leading global designer and manufacturer of semiconductor products. The company is historically notable for introducing the first commercial microprocessor and for driving the x86 architecture that underpins many personal computers and servers. Intel's core business spans the design, fabrication and marketing of processors, chipsets and related components for a wide range of computing applications.

Intel's product portfolio includes client and mobile processors marketed under brands such as Intel Core and Pentium, as well as high-performance Xeon processors for data centers and cloud infrastructure.

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