Citigroup Has Lowered Expectations for Intel (NASDAQ:INTC) Stock Price

Intel (NASDAQ:INTC) had its price target lowered by Citigroup from $130.00 to $100.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the chip maker’s stock. Citigroup‘s price objective would indicate a potential upside of 52.07% from the company’s previous close.

INTC has been the subject of several other research reports. Wells Fargo & Company decreased their price target on Intel from $120.00 to $80.00 and set an “equal weight” rating for the company in a research note on Friday. KeyCorp cut their price objective on Intel from $155.00 to $140.00 and set an “overweight” rating on the stock in a research note on Friday. TD Cowen reduced their target price on Intel from $95.00 to $75.00 and set a “hold” rating on the stock in a report on Friday. Wall Street Zen downgraded shares of Intel from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Wedbush restated a “neutral” rating and set a $98.00 price target on shares of Intel in a report on Tuesday. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, twenty-seven have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $97.98.

Intel Trading Down 28.6%

Shares of INTC stock traded down $26.31 during trading hours on Friday, hitting $65.76. 449,703,988 shares of the company’s stock traded hands, compared to its average volume of 117,148,258. The stock’s 50 day simple moving average is $101.63 and its 200 day simple moving average is $86.25. The stock has a market cap of $331.69 billion, a PE ratio of -31.17, a price-to-earnings-growth ratio of 10.14 and a beta of 2.22. Intel has a 12 month low of $32.89 and a 12 month high of $142.35. The company has a quick ratio of 1.25, a current ratio of 1.60 and a debt-to-equity ratio of 0.47.

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

Insider Transactions at Intel

In other Intel news, CEO Lip Bu Tan purchased 105,263 shares of the business’s 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 acquisition, the chief executive officer owned 1,314,669 shares of the company’s stock, valued at approximately $124,893,555. This represents a 8.70% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.05% of the company’s stock.

Institutional Trading of Intel

Several large investors have recently modified their holdings of the stock. State Street Corp raised its stake in Intel by 1.2% during the 2nd quarter. State Street Corp now owns 216,849,675 shares of the chip maker’s stock worth $30,278,720,000 after buying an additional 2,528,657 shares during the period. Primecap Management Co. CA acquired a new stake in Intel in the second quarter valued at approximately $10,507,291,000. Bank of America Corp DE grew its stake in Intel by 35.7% in 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 acquiring an additional 8,342,514 shares during the period. Legal & General Group Plc acquired a new stake in Intel in the second quarter valued at approximately $4,096,110,000. Finally, Assenagon Asset Management S.A. increased its holdings in shares of Intel by 87.1% during the third quarter. Assenagon Asset Management S.A. now owns 30,214,769 shares of the chip maker’s stock valued at $3,632,722,000 after acquiring an additional 14,063,302 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Key Stories Impacting Intel

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel reported third-quarter adjusted EPS of $0.52, ahead of the $0.41 consensus estimate, while revenue rose 21% year over year to $16.51 billion. Data Center and AI revenue increased 78% to $7.3 billion, and Intel Foundry revenue grew 58%. Intel Surpasses Q3 Earnings Estimates on Robust Data Center Demand
• Positive Sentiment: Intel agreed to acquire Israeli quantum-software startup Classiq Technologies for approximately $2.3 billion, targeting a full-stack quantum-computing business. The transaction is expected to close in the first half of 2027, although it adds to concerns about near-term spending. Intel Agreed to Buy Israeli Startup Classiq Technologies
• Neutral Sentiment: KGI Securities upgraded Intel to “outperform” with a $95 price target, but most recent analyst actions were more cautious. Wall Street’s targets remain materially above the current trading level, indicating potential upside if Intel executes its turnaround.
• Negative Sentiment: Intel forecast fourth-quarter revenue of $15 billion to $16 billion and adjusted EPS of $0.25, well below analysts’ expectations of roughly $17.3 billion in revenue and $0.45 EPS. Management said the PC slowdown arrived sooner and was deeper than expected and could continue through at least the first half of 2027. Intel Shares Tumble on Lower Profit, Weak Guidance
• Negative Sentiment: AI-related demand is consuming chip capacity needed for PCs, while memory, wafer and substrate shortages are increasing costs and pushing PC prices higher. Investors are concerned that stronger server growth will not offset weakness in Client Computing, where revenue fell 5% in the third quarter.
• Negative Sentiment: A blast at Intel’s Israel facility is expected to reduce revenue by about $600 million, with the ultimate insurance and production impact still uncertain. Analysts including Bank of America, Wells Fargo, DA Davidson, Truist and Roth Capital lowered targets or moved to neutral/hold ratings, citing weaker demand, manufacturing constraints, heavy investment and possible negative free cash flow. Intel Warning Sparks Chip Rout as PC Weakness Clouds Turnaround

About Intel

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.