Intel (NASDAQ:INTC) Shares Down 2.1% – Here’s What Happened

Intel Corporation (NASDAQ:INTC)’s share price was down 2.1% during mid-day trading on Tuesday . The stock traded as low as $99.46 and last traded at $107.92. Approximately 147,430,174 shares changed hands during mid-day trading, an increase of 22% from the average daily volume of 120,485,984 shares. The stock had previously closed at $110.27.

Intel News Roundup

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel reportedly won a major Google order to manufacture more than three million TPU chips in 2028, which would validate its foundry push and provide a large future revenue stream.
• Positive Sentiment: Cadence Design Systems expanded its collaboration with Intel Foundry to optimize Intel 14A for HPC and mobile designs, another sign that customers and partners are gaining confidence in Intel’s manufacturing roadmap. Article Title
• Positive Sentiment: Intel and Hitachi announced a strategic collaboration to accelerate physical AI and next-generation digital infrastructure, adding to the company’s AI-related momentum.
• Positive Sentiment: Several reports highlighted Intel as a potential “backup” manufacturer for Google and Nvidia, reinforcing the idea that major tech companies may diversify away from TSMC and lean on Intel’s foundry capacity.
• Neutral Sentiment: Intel’s short interest data showed no meaningful change in the reported figures, so this does not appear to be a real trading catalyst.
• Neutral Sentiment: Commentary pieces discussing Intel’s valuation, quantum strategy, and AI comeback story add to the bullish narrative, but they are mostly opinion-driven rather than hard new developments.
• Negative Sentiment: Semiconductor stocks broadly sold off today, with articles noting that chip shorts are piling in and that the semiconductor index may be entering a correction, which is weighing on Intel along with peers.
• Negative Sentiment: Some market commentary questioned the timing and certainty of the rumored Google/Nvidia foundry wins, which may be causing investors to fade part of the recent rally.

Analyst Ratings Changes

Several equities research analysts have issued reports on INTC shares. Freedom Capital upgraded Intel from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 28th. Citigroup increased their price target on Intel from $95.00 to $130.00 and gave the stock a “buy” rating in a report on Monday, May 18th. Morgan Stanley increased their price target on Intel from $56.00 to $73.00 and gave the stock an “equal weight” rating in a report on Friday, April 24th. Barclays increased their price target on Intel from $65.00 to $100.00 and gave the stock an “equal weight” rating in a report on Monday, June 1st. Finally, Benchmark increased their price target on Intel from $105.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twenty-six have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $83.35.

Intel Stock Performance

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 firm has a market capitalization of $542.41 billion, a P/E ratio of -174.06 and a beta of 2.21. The stock has a fifty day moving average of $89.57 and a 200-day moving average of $59.51.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, April 23rd. The chip maker reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.28. The business had revenue of $13.58 billion during the quarter, compared to the consensus estimate of $12.32 billion. Intel had a positive return on equity of 0.39% and a negative net margin of 5.90%.Intel’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period last year, the company earned $0.13 earnings per share. Intel has set its Q2 2026 guidance at 0.200-0.200 EPS. On average, research analysts anticipate that Intel Corporation will post 0.63 EPS for the current year.

Insider Buying and Selling

In related news, EVP Boise April Miller sold 40,256 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $99.53, for a total transaction of $4,006,679.68. Following the completion of the transaction, the executive vice president directly owned 105,077 shares of the company’s stock, valued at approximately $10,458,313.81. This represents a 27.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.05% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of INTC. Sivia Capital Partners LLC boosted its position in Intel by 271.8% during the second quarter. Sivia Capital Partners LLC now owns 34,201 shares of the chip maker’s stock valued at $766,000 after purchasing an additional 25,001 shares during the last quarter. United Bank acquired a new stake in shares of Intel in the second quarter valued at approximately $205,000. Gamco Investors INC. ET AL lifted its position in shares of Intel by 12.3% in the second quarter. Gamco Investors INC. ET AL now owns 13,737 shares of the chip maker’s stock valued at $308,000 after buying an additional 1,508 shares during the last quarter. NewEdge Advisors LLC lifted its position in shares of Intel by 29.6% in the second quarter. NewEdge Advisors LLC now owns 158,277 shares of the chip maker’s stock valued at $3,545,000 after buying an additional 36,116 shares during the last quarter. Finally, Sei Investments Co. lifted its position in shares of Intel by 9.9% in the second quarter. Sei Investments Co. now owns 828,352 shares of the chip maker’s stock valued at $18,556,000 after buying an additional 74,838 shares during the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

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.