Intel (NASDAQ:INTC) Stock Price Down 5.2% - Here's Why

Key Points

• Intel shares fell 5.2% mid-day to $35.91 (intraday low $35.45) from a prior close of $37.89, on ~93.2M shares traded — about 10% below its average session volume.
• Several firms raised price targets (Benchmark to $50), but MarketBeat lists a consensus rating of Reduce with an average target of $34.84 and a split of 2 Buys, 23 Holds and 8 Sells.
• Intel reported Q3 EPS of $0.23 on $13.65B in revenue (ahead of estimates) but showed very thin profitability (0.37% net margin, negative ROE), gave Q4 EPS guidance of $0.08, and analysts forecast a full-year EPS of -0.11.

Intel Corporation (NASDAQ:INTC - Get Free Report)'s share price fell 5.2% during mid-day trading on Thursday . The company traded as low as $35.45 and last traded at $35.91. 93,235,400 shares were traded during trading, a decline of 10% from the average session volume of 103,217,531 shares. The stock had previously closed at $37.89.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Benchmark increased their price target on shares of Intel from $43.00 to $50.00 and gave the stock a "buy" rating in a report on Friday, October 24th. TD Cowen boosted their target price on Intel from $35.00 to $38.00 and gave the stock a "hold" rating in a research report on Friday, October 24th. Morgan Stanley increased their target price on Intel from $23.00 to $36.00 and gave the stock an "equal weight" rating in a research note on Monday, October 20th. Wells Fargo & Company lifted their price target on Intel from $30.00 to $45.00 and gave the company an "equal weight" rating in a research note on Friday, October 24th. Finally, Loop Capital raised their target price on Intel from $25.00 to $40.00 and gave the company a "hold" rating in a report on Friday, October 24th. Two research analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and eight have given a Sell rating to the stock. According to MarketBeat.com, Intel presently has a consensus rating of "Reduce" and an average price target of $34.84.

Intel Stock Down 5.2%

The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.25 and a current ratio of 1.60. The firm's 50-day moving average is $34.19 and its 200 day moving average is $26.12. The firm has a market capitalization of $171.54 billion, a PE ratio of 3,594.59 and a beta of 1.31.

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

Hedge Funds Weigh In On Intel

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Intel by 1.3% during the third quarter. Vanguard Group Inc. now owns 390,829,684 shares of the chip maker's stock worth $13,112,336,000 after buying an additional 4,925,949 shares during the period. State Street Corp increased its position in Intel by 1.6% during the second quarter. State Street Corp now owns 203,617,629 shares of the chip maker's stock worth $4,561,035,000 after purchasing an additional 3,168,824 shares during the last quarter. Geode Capital Management LLC raised its stake in Intel by 1.8% during the second quarter. Geode Capital Management LLC now owns 97,563,079 shares of the chip maker's stock worth $2,174,854,000 after purchasing an additional 1,760,773 shares during the period. Capital World Investors boosted its holdings in shares of Intel by 32.5% in the 3rd quarter. Capital World Investors now owns 86,503,121 shares of the chip maker's stock valued at $2,902,180,000 after purchasing an additional 21,230,715 shares during the last quarter. Finally, Primecap Management Co. CA grew its stake in shares of Intel by 4.3% during the 2nd quarter. Primecap Management Co. CA now owns 80,298,180 shares of the chip maker's stock valued at $1,798,679,000 after buying an additional 3,313,890 shares during the period. Hedge funds and other institutional investors own 64.53% of the company's stock.

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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