Intel (NASDAQ:INTC) Stock Price Target Cut by Truist Financial

Intel (NASDAQ:INTC) had its price objective dropped by investment analysts at Truist Financial from $108.00 to $72.00 in a research report issued on Friday, Benzinga reports. The firm presently has a “hold” rating on the chip maker’s stock. Truist Financial‘s price target indicates a potential upside of 11.52% from the company’s current price.

A number of other analysts also recently issued reports on the stock. Morgan Stanley set a $85.00 price objective on shares of Intel in a report on Monday, October 19th. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a report on Tuesday. Wall Street Zen downgraded shares of Intel from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. JPMorgan Chase & Co. raised shares of Intel from an “underweight” rating to a “neutral” rating and set a $85.00 price target for the company in a research note on Monday, October 19th. Finally, UBS Group raised shares of Intel from a “hold” rating to a “buy” rating in a research report on Tuesday, September 8th. Two analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, twenty-six have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $102.03.

Intel Stock Down 29.9%

NASDAQ:INTC traded down $27.51 during trading hours on Friday, reaching $64.56. 263,639,087 shares of the stock were exchanged, compared to its average volume of 116,152,047. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.60 and a quick ratio of 1.25. Intel has a twelve month low of $32.89 and a twelve month high of $142.35. The stock has a market cap of $325.65 billion, a PE ratio of -30.54, a PEG ratio of 10.14 and a beta of 2.22. The firm has a 50 day moving average of $101.63 and a 200 day moving average of $86.25.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, October 29th. The chip maker reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.11. The firm had revenue of $16.51 billion during the quarter, compared to the consensus estimate of $16.56 billion. Intel had a positive return on equity of 2.62% and a negative net margin of 19.79%. The business’s revenue was up 20.9% compared to the same quarter last year. During the same period last year, the company earned $0.23 earnings per share. On average, equities analysts expect that Intel will post 1.05 earnings per share for the current year.

Insider Transactions at Intel

In other news, CEO Lip Bu Tan bought 105,263 shares of the stock in a transaction on Tuesday, August 11th. The shares were purchased at an average cost of $95.00 per share, for a total transaction of $9,999,985.00. Following the completion of the purchase, the chief executive officer directly owned 1,314,669 shares in the company, valued at $124,893,555. This represents a 8.70% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.05% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Intel

Several large investors have recently modified their holdings of INTC. State Street Corp grew its position in shares of Intel by 1.2% during the 2nd quarter. State Street Corp now owns 216,849,675 shares of the chip maker’s stock valued at $30,278,720,000 after purchasing an additional 2,528,657 shares in the last quarter. Primecap Management Co. CA purchased a new position in Intel in the 2nd quarter worth approximately $10,507,291,000. Amundi grew its stake in shares of Intel by 14.9% in the first quarter. Amundi now owns 38,969,192 shares of the chip maker’s stock worth $1,719,710,000 after purchasing an additional 5,045,936 shares during the last quarter. Bank of America Corp DE increased its position in shares of Intel by 35.7% during the second quarter. Bank of America Corp DE now owns 31,724,362 shares of the chip maker’s stock valued at $4,429,673,000 after buying an additional 8,342,514 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of Intel by 0.4% in the 1st quarter. Bank of New York Mellon Corp now owns 30,700,929 shares of the chip maker’s stock worth $1,354,832,000 after buying an additional 112,054 shares during the period. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel News Roundup

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel exceeded third-quarter earnings expectations, reporting adjusted EPS of $0.52 versus the roughly $0.40–$0.41 consensus. Revenue rose about 21% year over year to $16.5 billion. Data Center and AI revenue increased 78% to $7.3 billion, while Intel Foundry revenue grew 58%. Intel Surpasses Q3 Earnings Estimates on Robust Data Center Demand
• Positive Sentiment: Management said AI-driven demand is supporting server processors, and CEO Lip-Bu Tan suggested AI agents could expand the server CPU market substantially. The company also cited improving cost and yield trends for its 18A manufacturing process. Intel CEO Discusses AI-Driven Server CPU Opportunity
• Neutral Sentiment: Some analysts viewed the selloff as creating a potential long-term entry point. KGI Securities upgraded Intel to Outperform with a $95 target, while separate technical commentary identified a possible buy signal after the decline. However, these bullish views remain counterbalanced by significant execution risks. Intel Technical Buy Signal
• Negative Sentiment: Intel forecast fourth-quarter revenue of $15 billion to $16 billion and adjusted EPS of about $0.25, well below Wall Street expectations of approximately $17.3 billion in revenue and $0.45 EPS. Expected gross-margin pressure added to concerns about profitability. Intel Shares Tumble on Lower Profit and Weak Guidance
• Negative Sentiment: The PC market is weakening sooner and more severely than expected, with higher memory prices and supply shortages hurting demand. Intel also expects a revenue impact from an Israel factory shutdown and warned that PC weakness could persist into the first half of next year. Intel Warning Sparks Chip Rout
• Negative Sentiment: Analysts cut ratings and price targets, citing supply constraints, heavy foundry investment and doubts that AI growth can offset PC weakness. Bank of America moved Intel to Neutral and reduced its target to $100; Cantor Fitzgerald, Roth MKM and Susquehanna also lowered targets. Broader concerns about the cost and payoff of AI infrastructure spending intensified the technology-sector selloff. Bank of America Downgrades Intel

Intel Company Profile

Intel Corporation (NASDAQ:INTC) is a global semiconductor company that designs and manufactures computing and connectivity products. Its portfolio includes Intel Core processors for personal computers, Xeon processors for data centers and enterprise systems, and products for networking, edge computing, graphics, and artificial intelligence workloads.

Through Intel Foundry, the company also provides semiconductor manufacturing and technology-development services for external customers. Intel develops process technologies, advanced packaging, and other manufacturing capabilities intended to support its own products and third-party chip designs.

Founded in 1968 by Robert Noyce and Gordon Moore, Intel helped establish the modern microprocessor industry and has historically supplied processors for PCs, servers, and other computing systems.