Intel (NASDAQ:INTC) Shares Down 3.6% – Time to Sell?

Intel Corporation (NASDAQ:INTC) was down 3.6% on Thursday. The company traded as low as $90.84 and last traded at $92.07. 103,044,890 shares changed hands during trading, a decline of 11% from the average session volume of 115,330,063 shares. The stock had previously closed at $95.53.

Key Stories Impacting Intel

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel exceeded third-quarter expectations, reporting adjusted earnings of $0.52 per share versus a roughly $0.41 consensus estimate. Revenue increased 21% year over year to approximately $16.5 billion. Intel third-quarter earnings report
• Positive Sentiment: Data Center and AI revenue rose 78% to $7.3 billion, while Intel Foundry revenue increased 58% to $6.7 billion. CEO Lip-Bu Tan also highlighted the potential for AI agents to expand the server CPU market. Intel server and AI revenue coverage
• Neutral Sentiment: Intel agreed to acquire Israeli quantum software company Classiq Technologies for about $2.3 billion, seeking to build a full-stack quantum-computing business. The deal may provide a long-term growth option but adds to near-term spending and execution demands. Intel Classiq acquisition
• Negative Sentiment: Fourth-quarter guidance was well below Wall Street expectations: revenue is projected at $15 billion-$16 billion, versus approximately $17.1 billion expected, with adjusted earnings of about $0.25 per share versus roughly $0.45 expected. Management said the PC slowdown could persist through at least the first half of 2027. Reuters Intel outlook report
• Negative Sentiment: Memory shortages and higher component prices are making PCs more expensive, while Intel expects client-computing revenue to weaken. A blast at its Israel facility is expected to cause roughly $300 million-$600 million in revenue disruption, adding to manufacturing constraints. Intel PC slowdown and Israel facility report
• Negative Sentiment: Analysts responded with multiple downgrades and price-target reductions, citing weak PC demand, supply bottlenecks, lower margins, heavy foundry investment and the risk that Intel may not generate free cash flow in 2027. The outlook also triggered a broad semiconductor selloff, pressuring AMD, Nvidia, Broadcom and other chip stocks. Analyst reactions to Intel earnings

Analysts Set New Price Targets

Several analysts recently issued reports on INTC shares. Royal Bank Of Canada restated a “sector perform” rating and issued a $100.00 price target on shares of Intel in a research note on Sunday, October 25th. Truist Financial lowered their price objective on Intel from $108.00 to $72.00 and set a “hold” rating on the stock in a research report on Friday. Mizuho lifted their target price on Intel from $92.00 to $114.00 and gave the stock a “neutral” rating in a report on Tuesday, October 6th. Sanford C. Bernstein upgraded shares of Intel from a “hold” rating to an “outperform” rating in a research note on Monday, October 19th. Finally, National Bank Financial set a $85.00 price target on shares of Intel in a research report on Monday, October 19th. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, twenty-seven have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $97.86.

Intel Stock Performance

The stock has a market cap of $331.69 billion, a P/E ratio of -27.29, a price-to-earnings-growth ratio of 9.78 and a beta of 2.22. The company has a current ratio of 1.60, a quick ratio of 1.25 and a debt-to-equity ratio of 0.47. The stock has a 50 day simple moving average of $101.10 and a 200 day simple moving average of $86.36.

Intel (NASDAQ:INTC) last released its 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. Intel had a positive return on equity of 4.55% and a negative net margin of 20.09%. The firm had revenue of $16.51 billion during the quarter, compared to the consensus estimate of $16.56 billion. During the same period in the prior year, the company posted $0.23 EPS. The company’s revenue was up 20.9% compared to the same quarter last year. On average, equities analysts expect that Intel Corporation will post 1.05 earnings per share for the current year.

Insider Transactions at Intel

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

Hedge Funds Weigh In On Intel

Several hedge funds and other institutional investors have recently modified their holdings of INTC. State Street Corp raised its stake in Intel by 1.2% in the second 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 in the last quarter. Primecap Management Co. CA bought a new stake in Intel during the 2nd quarter valued at approximately $10,507,291,000. Amundi boosted its position in Intel by 14.9% during the 1st quarter. Amundi now owns 38,969,192 shares of the chip maker’s stock valued at $1,719,710,000 after acquiring an additional 5,045,936 shares in the last quarter. Bank of America Corp DE boosted its position in Intel by 35.7% during the 2nd 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 in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Intel by 0.4% during 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 acquiring an additional 112,054 shares during the period. Institutional investors own 64.53% of the company’s stock.

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.