Intel (NASDAQ:INTC) Shares Down 2% – What’s Next?

Intel Corporation (NASDAQ:INTC) shares dropped 2% during trading on Friday . The stock traded as low as $89.59 and last traded at $95.04. Approximately 123,878,617 shares traded hands during trading, an increase of 3% from the average daily volume of 120,823,148 shares. The stock had previously closed at $96.98.

Key Stories Impacting Intel

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel’s Google Cloud partnership was expanded, with Gemini Enterprise being deployed across operations and chip-design workflows, which could improve productivity and strengthen its AI-related enterprise story.
• Positive Sentiment: Several Wall Street and media voices turned more constructive ahead of earnings, including price-target increases and “buy the dip” commentary, suggesting some investors see recent weakness as a buying opportunity.
• Positive Sentiment: Intel’s AI-driven data center growth and foundry progress continue to be cited as potential drivers for second-quarter results and longer-term turnaround optimism.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Freedom Capital upgraded Intel from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 28th. KGI Securities lowered Intel from an “outperform” rating to a “neutral” rating and set a $71.00 price objective on the stock. in a research note on Monday, April 20th. Citigroup upgraded Intel from a “buy” rating to a “buy” rating in a research report on Thursday, June 11th. KeyCorp increased their target price on Intel from $110.00 to $155.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, BTIG Research upgraded Intel from a “neutral” rating to a “buy” rating in a research report on Thursday, June 11th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, twenty-eight have issued a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $102.72.

Intel Price Performance

The firm has a market capitalization of $477.67 billion, a P/E ratio of -153.29 and a beta of 2.18. The company has a quick ratio of 1.85, a current ratio of 2.31 and a debt-to-equity ratio of 0.34. The business’s 50 day moving average is $118.38 and its 200-day moving average is $75.77.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, April 23rd. The chip maker reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.28. The firm had revenue of $13.58 billion for 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 business’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.13 earnings per share. Intel has set its Q2 2026 guidance at 0.200-0.200 EPS. As a group, sell-side analysts predict that Intel Corporation will post 0.64 EPS for the current fiscal year.

Insider Buying and Selling

In other news, EVP Boise April Miller sold 40,256 shares of the company’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 transaction, the executive vice president owned 105,077 shares of the company’s stock, valued at $10,458,313.81. This represents a 27.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.05% of the company’s stock.

Institutional Trading of Intel

Several institutional investors have recently added to or reduced their stakes in INTC. Trust Asset Management LLC increased its position in shares of Intel by 8.6% during the second quarter. Trust Asset Management LLC now owns 51,805 shares of the chip maker’s stock worth $7,234,000 after buying an additional 4,090 shares during the period. Ballast Inc. bought a new position in Intel during the second quarter worth $328,000. Regent Peak Wealth Advisors LLC lifted its holdings in Intel by 13.8% in the second quarter. Regent Peak Wealth Advisors LLC now owns 12,498 shares of the chip maker’s stock valued at $1,745,000 after buying an additional 1,513 shares during the period. Wedge Capital Management L L P NC acquired a new position in Intel in the second quarter valued at $976,000. Finally, Abound Wealth Management boosted its position in Intel by 74.8% during the second quarter. Abound Wealth Management now owns 1,813 shares of the chip maker’s stock valued at $253,000 after acquiring an additional 776 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors.

Intel Company Profile

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.