Wedbush Brokers Lower Earnings Estimates for Intel

Intel Corporation (NASDAQ:INTC) – Research analysts at Wedbush cut their Q3 2026 earnings per share estimates for shares of Intel in a research note issued on Wednesday, October 22nd. Wedbush analyst M. Bryson now expects that the chip maker will post earnings per share of $0.04 for the quarter, down from their prior estimate of $0.07. Wedbush currently has a “Neutral” rating and a $20.00 price target on the stock. The consensus estimate for Intel’s current full-year earnings is ($0.11) per share. Wedbush also issued estimates for Intel’s Q4 2026 earnings at $0.14 EPS.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, July 24th. The chip maker reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.11). Intel had a negative net margin of 38.64% and a negative return on equity of 3.78%. The company had revenue of $12.86 billion during the quarter, compared to the consensus estimate of $11.88 billion. During the same period in the previous year, the business posted $0.02 earnings per share. The firm’s revenue was up .5% on a year-over-year basis.

INTC has been the topic of several other reports. Deutsche Bank Aktiengesellschaft lifted their price target on Intel from $23.00 to $30.00 and gave the stock a “hold” rating in a research report on Monday, September 29th. Rosenblatt Securities reaffirmed a “sell” rating and issued a $14.00 price target on shares of Intel in a research report on Friday, July 25th. Seaport Res Ptn raised Intel from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 24th. Roth Capital reaffirmed a “neutral” rating and issued a $30.00 price target on shares of Intel in a research report on Thursday, September 18th. Finally, HSBC reaffirmed a “reduce” rating and issued a $24.00 price target (up from $21.25) on shares of Intel in a research report on Tuesday, October 7th. Two equities research analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and seven have given a Sell rating to the company’s stock. According to MarketBeat, Intel currently has an average rating of “Reduce” and an average target price of $29.26.

Intel Stock Down 3.1%

Shares of INTC stock opened at $36.92 on Thursday. The stock’s 50 day simple moving average is $29.81 and its 200 day simple moving average is $24.06. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.92 and a current ratio of 1.24. Intel has a twelve month low of $17.67 and a twelve month high of $39.65. The company has a market capitalization of $161.60 billion, a price-to-earnings ratio of -7.74 and a beta of 1.33.

Institutional Trading of Intel

A number of institutional investors and hedge funds have recently modified their holdings of INTC. Oppenheimer Asset Management Inc. boosted its stake in Intel by 2.7% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 149,957 shares of the chip maker’s stock valued at $3,406,000 after buying an additional 3,962 shares in the last quarter. Valmark Advisers Inc. acquired a new stake in Intel in the 1st quarter valued at $203,000. Asset Management One Co. Ltd. boosted its stake in Intel by 7.4% in the 1st quarter. Asset Management One Co. Ltd. now owns 1,814,925 shares of the chip maker’s stock valued at $41,217,000 after buying an additional 125,017 shares in the last quarter. Legacy Advisors LLC boosted its stake in Intel by 24.5% in the 1st quarter. Legacy Advisors LLC now owns 12,692 shares of the chip maker’s stock valued at $288,000 after buying an additional 2,500 shares in the last quarter. Finally, Balboa Wealth Partners boosted its stake in Intel by 12.2% in the 1st quarter. Balboa Wealth Partners now owns 12,343 shares of the chip maker’s stock valued at $280,000 after buying an additional 1,343 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors.

About Intel

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.