Intel (NASDAQ:INTC) Stock Gets Price Target Cut from TD Cowen

Intel (NASDAQ:INTC) had its price target cut by TD Cowen from $95.00 to $75.00 in a report published on Friday,Benzinga reports. They currently have a hold rating on the chip maker’s stock.

A number of other analysts also recently issued reports on the stock. Bank of America downgraded shares of Intel from a “buy” rating to a “neutral” rating and cut their price target for the stock from $145.00 to $100.00 in a report on Friday. Cantor Fitzgerald lowered their price target on Intel from $125.00 to $90.00 and set a “neutral” rating for the company in a research note on Friday. UBS Group downgraded shares of Intel from a “buy” rating to a “hold” rating and set a $90.00 price target on the stock. in a research report on Friday. DA Davidson reduced their price objective on shares of Intel from $100.00 to $70.00 and set a “neutral” rating on the stock in a research note on Friday. Finally, Rosenblatt Securities cut their price objective on shares of Intel from $80.00 to $70.00 and set a “sell” rating on the stock in a report on Friday. Two investment 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 issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $97.86.

Intel Stock Performance

INTC opened at $65.76 on Friday. Intel has a twelve month low of $32.89 and a twelve month high of $142.35. The company has a current ratio of 2.21, a quick ratio of 1.86 and a debt-to-equity ratio of 0.35. The stock has a market cap of $331.69 billion, a PE ratio of -27.29, a price-to-earnings-growth ratio of 6.85 and a beta of 2.42. The business’s 50 day moving average is $101.10 and its 200-day moving average is $86.36.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, October 29th. The chip maker reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.11. The company had revenue of $16.51 billion for the quarter, compared to the consensus estimate of $16.56 billion. Intel had a negative net margin of 20.09% and a positive return on equity of 4.42%. The firm’s revenue was up 20.9% compared to the same quarter last year. During the same period last year, the company earned $0.23 earnings per share. On average, analysts predict that Intel will post 1.07 earnings per share for the current year.

Insider Activity at Intel

In related news, CEO Lip Bu Tan purchased 105,263 shares of the business’s stock in a transaction that occurred 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 purchase, the chief executive officer owned 1,314,669 shares in the company, valued at approximately $124,893,555. This represents a 8.70% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.05% of the stock is currently owned by corporate insiders.

Institutional Trading of Intel

A number of institutional investors have recently bought and sold shares of the stock. Primecap Management Co. CA purchased a new stake in Intel during the second quarter worth approximately $10,507,291,000. Legal & General Group Plc bought a new position in shares of Intel during the 2nd quarter worth approximately $4,096,110,000. Assenagon Asset Management S.A. increased its stake in Intel by 87.1% in 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 purchasing an additional 14,063,302 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in Intel during the 2nd quarter valued at $1,848,438,000. Finally, Bank of America Corp DE grew 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 worth $4,429,673,000 after acquiring an additional 8,342,514 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors.

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

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.