Intel (NASDAQ:INTC) Shares Down 6.1% – Here’s What Happened

Intel Corporation (NASDAQ:INTC)’s share price traded down 6.1% during trading on Tuesday . The company traded as low as $128.30 and last traded at $132.28. Approximately 131,046,990 shares were traded during trading, an increase of 7% from the average daily volume of 122,483,688 shares. The stock had previously closed at $140.94.

Key Intel News

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel is benefiting from a sector-wide rebound after Micron’s huge earnings beat revived enthusiasm for AI and memory-chip demand, pulling Intel and other chip names higher. Semiconductor Stocks Rally: Micron (MU), Qualcomm (QCOM), Intel (INTC) Lead Thursday’s Gains
• Positive Sentiment: Goldman Sachs initiation and other upbeat analyst commentary are reinforcing the view that Intel can keep re-rating as its foundry and AI packaging efforts gain traction. Why Is Intel Stock Soaring Thursday?
• Positive Sentiment: Mizuho raised its price target on Intel to $135 from $128, citing advanced packaging as a potential support for AI data-center growth. Intel (INTC) Advanced Packaging Could Support AI Data Center Growth, Mizuho Says
• Positive Sentiment: Zacks Research upgraded Intel from “hold” to “strong-buy,” adding to the bullish tone around the stock’s momentum and improving fundamentals. Zacks.com
• Positive Sentiment: Reports that Intel-backed AI chipmaker SambaNova is planning to raise capital at a $10 billion valuation help validate Intel’s AI ecosystem exposure. Intel-backed AI chipmaker SambaNova plans to raise up to $1B at $10B valuation: report

Analysts Set New Price Targets

A number of analysts recently issued reports on INTC shares. KeyCorp lifted their target price on Intel from $70.00 to $110.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. Rosenblatt Securities raised their price target on Intel from $30.00 to $50.00 and gave the company a “sell” rating in a research note on Friday, April 24th. Oppenheimer assumed coverage on Intel in a research report on Thursday, June 11th. They set an “outperform” rating on the stock. Moffett Nathanson cut Intel to a “neutral” rating in a research note on Thursday, June 11th. Finally, BTIG Research raised Intel from a “neutral” rating to a “buy” rating in a report on Thursday, June 11th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, twenty-eight have given a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, Intel has an average rating of “Hold” and an average target price of $89.66.

Intel Price Performance

The company has a current ratio of 2.31, a quick ratio of 1.85 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $637.10 billion, a price-to-earnings ratio of -210.09 and a beta of 2.21. The company’s 50 day moving average is $106.89 and its 200-day moving average is $66.82.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, April 23rd. The chip maker reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.28. The firm had revenue of $13.58 billion for the quarter, compared to the consensus estimate of $12.32 billion. Intel had a positive return on equity of 0.39% and a negative net margin of 5.90%.The business’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.13 earnings per share. Intel has set its Q2 2026 guidance at 0.200-0.200 EPS. Equities research analysts anticipate that Intel Corporation will post 0.63 earnings per share for the current year.

Insider Buying and Selling at Intel

In related news, EVP Boise April Miller sold 40,256 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $99.53, for a total transaction of $4,006,679.68. Following the transaction, the executive vice president directly owned 105,077 shares of the company’s stock, valued at approximately $10,458,313.81. The trade was a 27.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.05% of the company’s stock.

Hedge Funds Weigh In On Intel

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Financially Speaking Inc grew its stake in Intel by 69.2% in the 4th quarter. Financially Speaking Inc now owns 682 shares of the chip maker’s stock valued at $25,000 after buying an additional 279 shares during the last quarter. Financial Life Planners acquired a new stake in Intel during the first quarter worth approximately $25,000. Legacy Bridge LLC acquired a new stake in Intel during the fourth quarter worth approximately $26,000. Raleigh Capital Management Inc. acquired a new stake in Intel during the fourth quarter worth approximately $29,000. Finally, Swiss RE Ltd. bought a new stake in shares of Intel during the fourth quarter worth approximately $29,000. 64.53% of the stock is owned by institutional investors.

Intel Company Profile

Intel Corporation, founded in 1968 by Robert Noyce and Gordon E. Moore and headquartered in Santa Clara, California, is a leading global designer and manufacturer of semiconductor products. The company is historically notable for introducing the first commercial microprocessor and for driving the x86 architecture that underpins many personal computers and servers. Intel’s core business spans the design, fabrication and marketing of processors, chipsets and related components for a wide range of computing applications.

Intel’s product portfolio includes client and mobile processors marketed under brands such as Intel Core and Pentium, as well as high-performance Xeon processors for data centers and cloud infrastructure.