UBS Group Issues Pessimistic Forecast for Intel (NASDAQ:INTC) Stock Price

Intel (NASDAQ:INTC) had its target price dropped by investment analysts at UBS Group from $100.00 to $80.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has a “neutral” rating on the chip maker’s stock. UBS Group‘s price target would indicate a potential upside of 21.65% from the company’s previous close.

Several other brokerages have also issued reports on INTC. Bank of America lowered shares of Intel from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $145.00 to $100.00 in a research note on Friday. Citigroup dropped their price objective on shares of Intel from $130.00 to $100.00 and set a “buy” rating on the stock in a research note on Friday. Pivotal Research started coverage on shares of Intel in a report on Tuesday, September 8th. They issued a “buy” rating on the stock. HSBC reiterated a “buy” rating on shares of Intel in a report on Friday, July 24th. Finally, KeyCorp dropped their price target on Intel from $155.00 to $140.00 and set an “overweight” rating on the stock in a research report on Friday. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, twenty-eight have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $97.42.

Intel Stock Performance

NASDAQ INTC opened at $65.76 on Friday. The company’s 50 day simple moving average is $101.10 and its two-hundred day simple moving average is $86.36. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.21 and a quick ratio of 1.86. Intel has a 1 year low of $32.89 and a 1 year high of $142.35. The stock has a market capitalization of $331.69 billion, a PE ratio of -27.29, a P/E/G ratio of 6.85 and a beta of 2.42.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, October 29th. The chip maker reported $0.52 EPS 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 analyst estimates of $16.56 billion. Intel had a negative net margin of 20.09% and a positive return on equity of 4.42%. The business’s revenue for the quarter was up 20.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.23 EPS. Analysts predict that Intel will post 1.07 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Lip Bu Tan purchased 105,263 shares of the business’s stock in a transaction dated Tuesday, August 11th. The shares were purchased at an average price of $95.00 per share, for a total transaction of $9,999,985.00. Following the completion of the acquisition, 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 purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.05% of the company’s stock.

Hedge Funds Weigh In On Intel

A number of hedge funds have recently added to or reduced their stakes in the company. ABS Investment Management LLC bought a new stake in shares of Intel in the 2nd quarter worth $694,101,000. Montgomery Financial Services LLC purchased a new stake in shares of Intel during the second quarter valued at $26,000. Knuff & Co LLC purchased a new stake in shares of Intel during the second quarter valued at $29,000. Glynn Capital Management LLC bought a new stake in Intel in the 2nd quarter worth about $29,000. Finally, Pathway Financial Advisers LLC bought a new stake in Intel in the 3rd quarter worth about $25,000. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

More Intel News

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel’s third-quarter revenue rose 20.9% year over year to $16.51 billion, while adjusted earnings of $0.52 per share exceeded consensus estimates. Data-center growth and the company’s shipment of products built on its advanced 18A process provide evidence that its turnaround remains possible. INTC Q3 deep dive
• Positive Sentiment: Northland Securities raised its earnings estimates for Intel, and some longer-term commentary points to potential benefits from 18A production and strategic investments by the U.S. government, Nvidia and SoftBank. These factors may attract dip buyers, although they have not offset near-term concerns. Northland Securities boosts earnings estimates
• Neutral Sentiment: The broader technology market is also under pressure, with chip stocks contributing to a sharp Nasdaq selloff and investors reducing exposure to cash-intensive artificial-intelligence investments. This market backdrop is amplifying Intel-specific volatility. Nasdaq tumbles as chip stocks fall
• Negative Sentiment: Intel’s outlook is the principal catalyst for selling. Next-quarter revenue guidance of approximately $15.5 billion was materially below analyst expectations, reflecting weaker PC demand and supply or capacity constraints that could limit the recovery. Analyst warns on Intel capacity woes
• Negative Sentiment: Multiple firms, including Seaport Global, Bank of America, Roth Capital and Freedom Broker, downgraded Intel to neutral or hold, while Citigroup, Cantor Fitzgerald, Susquehanna, Truist and other firms cut price targets. Analysts cited execution risk, capacity missteps and a slowing PC market, reinforcing concerns that the stock may remain “dead money” until planning and production problems improve. Seaport Global downgrades Intel

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.