Intel (NASDAQ:INTC) Trading Down 1.7% - Here's What Happened

Key Points

• Intel's stock price declined by 1.7% during mid-day trading, reaching a low of $22.78, with a current average price of $23.14.
• Analysts have mixed ratings on Intel, with 23 hold ratings, 5 sell ratings, and only 1 buy rating, highlighting a generally cautious outlook for the company.
• In its recent earnings report, Intel reported a loss of $0.10 EPS, falling short of analyst expectations while achieving a revenue of $12.86 billion, a slight increase from the previous year.

Intel Corporation (NASDAQ:INTC - Get Free Report)'s share price traded down 1.7% during mid-day trading on Thursday . The stock traded as low as $22.78 and last traded at $23.14. 39,761,168 shares were traded during mid-day trading, a decline of 60% from the average session volume of 98,321,008 shares. The stock had previously closed at $23.54.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Wedbush cut their target price on shares of Intel from $20.00 to $19.00 and set a "neutral" rating on the stock in a report on Wednesday, April 23rd. Loop Capital assumed coverage on shares of Intel in a report on Monday, July 21st. They issued a "hold" rating and a $25.00 target price on the stock. Wells Fargo & Company cut their price target on shares of Intel from $25.00 to $22.00 and set an "equal weight" rating on the stock in a report on Friday, April 25th. Rosenblatt Securities reiterated a "sell" rating and issued a $14.00 price target on shares of Intel in a report on Friday, July 25th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Intel in a report on Friday, July 25th. One equities research analyst has rated the stock with a Buy rating, twenty-three have issued a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Reduce" and an average price target of $22.17.

Intel Trading Down 0.8%

The firm has a 50-day moving average price of $22.00 and a 200-day moving average price of $21.63. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.92 and a current ratio of 1.24. The stock has a market cap of $102.25 billion, a PE ratio of -4.90 and a beta of 1.22.

Intel (NASDAQ:INTC - Get Free Report) last issued its 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 return on equity of 3.78% and a negative net margin of 38.64%.The business had revenue of $12.86 billion during the quarter, compared to analysts' expectations of $11.88 billion. During the same period last year, the firm posted $0.02 EPS. Intel's quarterly 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, equities analysts anticipate that Intel Corporation will post -0.11 EPS for the current fiscal year.

Institutional Trading of Intel

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. HFM Investment Advisors LLC purchased a new stake in Intel in the first quarter valued at about $25,000. N.E.W. Advisory Services LLC acquired a new stake in Intel during the first quarter worth about $25,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Intel in the first quarter valued at approximately $27,000. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna purchased a new stake in shares of Intel in the second quarter valued at approximately $28,000. Finally, West Branch Capital LLC purchased a new stake in shares of Intel in the second quarter valued at approximately $28,000. Hedge funds and other 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.

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