Intel (NASDAQ:INTC) Issues Quarterly Earnings Results

Intel (NASDAQ:INTC) issued its quarterly earnings data on Thursday. The chip maker reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14), Zacks reports. Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. Intel updated its Q1 2025 guidance to 0.000-0.000 EPS.

Intel Trading Up 1.3 %

Shares of NASDAQ INTC traded up $0.26 during mid-day trading on Thursday, hitting $20.01. 100,330,467 shares of the company traded hands, compared to its average volume of 70,822,969. The business has a 50 day moving average of $20.97 and a two-hundred day moving average of $22.63. The stock has a market capitalization of $86.30 billion, a price-to-earnings ratio of -5.38, a PEG ratio of 9.72 and a beta of 1.07. Intel has a 1 year low of $18.51 and a 1 year high of $46.63. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44.

Insider Activity at Intel

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $26.00, for a total transaction of $650,000.00. Following the transaction, the executive vice president now directly owns 273,258 shares of the company’s stock, valued at approximately $7,104,708. The trade was a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.04% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. The Goldman Sachs Group decreased their price target on Intel from $22.00 to $21.00 and set a “sell” rating for the company in a report on Thursday, October 17th. Benchmark reiterated a “hold” rating on shares of Intel in a report on Friday, November 1st. Northland Securities dropped their target price on Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Needham & Company LLC reissued a “hold” rating on shares of Intel in a report on Friday, November 1st. Finally, Robert W. Baird lifted their price objective on Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Five equities research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Intel currently has an average rating of “Hold” and an average price target of $28.00.

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.