Intel (NASDAQ:INTC) Shares Down 5.3% – What’s Next?

Intel Corporation (NASDAQ:INTC) shares traded down 5.3% during trading on Thursday . The stock traded as low as $117.63 and last traded at $120.35. Approximately 123,005,776 shares traded hands during trading, an increase of 1% from the average daily volume of 122,090,180 shares. The stock had previously closed at $127.02.

Intel News Summary

Here are the key news stories impacting Intel this week:

• Positive Sentiment: HSBC raised its price target on Intel to $200 from $100 and kept a Buy rating, saying Intel’s server and foundry businesses offer more value. Intel in spotlight as HSBC ups price target, sees more value from servers, foundry
• Positive Sentiment: TPIsoftware said it is adopting Intel Xeon 6 processors and Intel Arc Pro B60 GPUs for enterprise AI solutions, adding another customer win for Intel’s AI hardware push. Intel Stock (NASDAQ:INTC) Sinks as AMD Discovers Low-Power Cores
• Neutral Sentiment: Intel’s ongoing turnaround narrative remains in focus, with articles highlighting its foundry buildout, AI PC momentum, and strong earnings expectations ahead of the next report. Earnings Preview: What To Expect From Intel’s Report
• Negative Sentiment: Chip stocks are seeing broad profit-taking after a record rally, with Intel falling alongside Micron, AMD, and the SOXX semiconductor ETF as investors rotate out of overheated AI names. US Stocks: Micron, Intel and other chip stocks fall up to 11% after record-breaking rally
• Negative Sentiment: Bank of America’s warning about “bubble risk” in semiconductors also hurt sentiment across the group, adding to pressure on Intel after its huge year-to-date run. Intel Drops 7%, AMD Slides 5%, Taiwan Semiconductor Falls 6% as BoA Flags “Bubble Risk”
• Negative Sentiment: Another catalyst for the selloff is concern that Meta’s AI cloud expansion could increase competition and change the market’s expectations for chip demand. Meta AI Cloud Push Sends Nvidia, AMD, Intel, Micron Stocks Sinking

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Cantor Fitzgerald upped their price target on Intel from $90.00 to $150.00 and gave the company a “neutral” rating in a report on Monday. DZ Bank raised Intel from a “sell” rating to a “neutral” rating in a research report on Friday, April 24th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $100.00 price target on shares of Intel in a report on Wednesday, June 17th. Piper Sandler began coverage on shares of Intel in a research note on Thursday, June 11th. They issued a “neutral” rating for the company. Finally, BTIG Research raised shares of Intel from a “neutral” rating to a “buy” rating in a report on Thursday, June 11th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, twenty-eight have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $96.69.

Intel Trading Down 5.3%

The stock has a 50 day simple moving average of $113.45 and a 200-day simple moving average of $70.04. The firm has a market capitalization of $604.88 billion, a P/E ratio of -194.11 and a beta of 2.18. The company has a current ratio of 2.31, a quick ratio of 1.85 and a debt-to-equity ratio of 0.34.

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

Insiders Place Their Bets

In other news, EVP Boise April Miller sold 40,256 shares of the business’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $99.53, for a total transaction of $4,006,679.68. Following the completion of the sale, the executive vice president owned 105,077 shares of the company’s stock, valued at $10,458,313.81. The trade was a 27.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.05% of the company’s stock.

Institutional Trading of Intel

Hedge funds have recently bought and sold shares of the stock. Norges Bank bought a new position in shares of Intel in the fourth quarter worth about $2,233,159,000. Capital World Investors grew its stake in shares of Intel by 32.5% during the 3rd quarter. Capital World Investors now owns 86,503,121 shares of the chip maker’s stock valued at $2,902,180,000 after acquiring an additional 21,230,715 shares during the period. Capital Research Global Investors grew its stake in shares of Intel by 285.9% during the 4th quarter. Capital Research Global Investors now owns 26,619,928 shares of the chip maker’s stock valued at $982,279,000 after acquiring an additional 19,722,010 shares during the period. Vanguard Group Inc. increased its holdings in Intel by 3.5% in the 4th quarter. Vanguard Group Inc. now owns 404,522,308 shares of the chip maker’s stock worth $14,926,873,000 after acquiring an additional 13,692,624 shares in the last quarter. Finally, Morgan Stanley increased its holdings in Intel by 20.4% in the 4th quarter. Morgan Stanley now owns 65,249,269 shares of the chip maker’s stock worth $2,407,698,000 after acquiring an additional 11,056,090 shares in the last quarter. Institutional investors own 64.53% of the company’s stock.

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.