Intel (NASDAQ:INTC) Stock Price Down 3.2% - Here's What Happened

Key Points

• Intel's stock price dropped 3.2% to $29.58, with trading volume significantly increasing to 223.4 million shares, marking a 125% rise from the average session volume.
• Analysts have a mixed outlook on Intel, with two Buy ratings, twenty-two Hold ratings, and six Sell ratings, while the consensus price target is $24.27.
• In its latest earnings report, Intel missed EPS expectations by $0.11 but reported a revenue of $12.86 billion, exceeding analyst predictions of $11.88 billion.

Intel Corporation (NASDAQ:INTC - Get Free Report)'s stock price was down 3.2% during trading on Friday . The company traded as low as $29.33 and last traded at $29.58. Approximately 223,467,342 shares were traded during mid-day trading, an increase of 125% from the average daily volume of 99,341,563 shares. The stock had previously closed at $30.57.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Barclays increased their price target on Intel from $19.00 to $25.00 and gave the company an "equal weight" rating in a report on Friday. JPMorgan Chase & Co. reiterated a "sell" rating and set a $21.00 price target on shares of Intel in a report on Friday. Benchmark upgraded Intel from a "hold" rating to a "buy" rating and set a $43.00 price target on the stock in a report on Friday. New Street Research increased their price target on Intel from $21.00 to $23.00 and gave the company a "neutral" rating in a report on Wednesday, September 10th. Finally, Loop Capital began coverage on Intel in a report on Monday, July 21st. They set a "hold" rating and a $25.00 price target on the stock. Two investment analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and six have issued a Sell rating to the company. According to data from MarketBeat, Intel currently has a consensus rating of "Reduce" and a consensus price target of $24.27.

Intel Stock Performance

The stock has a market capitalization of $129.47 billion, a P/E ratio of -6.20 and a beta of 1.23. The firm has a 50-day moving average of $23.29 and a 200 day moving average of $22.02. The company has a quick ratio of 0.92, a current ratio of 1.24 and a debt-to-equity ratio of 0.42.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of INTC. Norges Bank bought a new position in shares of Intel during the second quarter valued at $1,579,378,000. Nuveen LLC bought a new position in shares of Intel during the first quarter valued at $538,430,000. Kingstone Capital Partners Texas LLC bought a new position in shares of Intel during the second quarter valued at $345,245,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Intel by 99.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 29,829,385 shares of the chip maker's stock valued at $677,426,000 after acquiring an additional 14,901,457 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Intel by 133.3% during the first quarter. Goldman Sachs Group Inc. now owns 18,758,658 shares of the chip maker's stock valued at $426,009,000 after acquiring an additional 10,719,274 shares during the period. 64.53% of the stock is owned by 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.