Intel (NASDAQ:INTC) Trading Down 6.3% – Time to Sell?

Shares of Intel Corporation (NASDAQ:INTC) dropped 6.3% on Tuesday . The company traded as low as $36.63 and last traded at $37.03. Approximately 99,987,424 shares were traded during trading, a decline of 4% from the average daily volume of 104,145,625 shares. The stock had previously closed at $39.50.

Analysts Set New Price Targets

Several brokerages recently weighed in on INTC. Sanford C. Bernstein reissued a “neutral” rating on shares of Intel in a research report on Thursday, October 2nd. New Street Research upped their price target on Intel from $23.00 to $32.00 in a report on Friday, September 19th. Roth Capital upped their price target on Intel from $30.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, October 24th. BNP Paribas Exane upped their price target on Intel from $19.00 to $30.00 and gave the company an “underperform” rating in a report on Friday, October 24th. Finally, HSBC upped their price target on Intel from $24.00 to $26.00 in a report on Friday, October 24th. Two equities research analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and eight have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $34.84.

Intel Stock Down 6.3%

The company has a fifty day simple moving average of $32.31 and a 200-day simple moving average of $25.28. The company has a quick ratio of 1.25, a current ratio of 1.60 and a debt-to-equity ratio of 0.38. The firm has a market cap of $162.08 billion, a P/E ratio of 3,706.71 and a beta of 1.33.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, October 23rd. The chip maker reported $0.23 earnings per share for the quarter. The firm had revenue of $13.65 billion during the quarter, compared to analyst estimates of $13.10 billion. Intel had a negative return on equity of 0.75% and a net margin of 0.37%.The business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.46) earnings per share. Intel has set its Q4 2025 guidance at 0.080-0.080 EPS. On average, equities analysts anticipate that Intel Corporation will post -0.11 earnings per share for the current year.

Hedge Funds Weigh In On Intel

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Norges Bank purchased a new stake in shares of Intel in the second quarter worth approximately $1,579,378,000. Nuveen LLC purchased a new stake in shares of Intel in the 1st quarter worth $538,430,000. Kingstone Capital Partners Texas LLC bought a new position in shares of Intel during the 2nd quarter worth $345,245,000. Price T Rowe Associates Inc. MD grew its position in shares of Intel by 99.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,829,385 shares of the chip maker’s stock worth $677,426,000 after buying an additional 14,901,457 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of Intel by 133.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 18,758,658 shares of the chip maker’s stock worth $426,009,000 after buying an additional 10,719,274 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

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.