Intel (NASDAQ:INTC) Stock Gets Price Target Reduction from JPMorgan Chase & Co.

Intel (NASDAQ:INTC) had its price target trimmed by JPMorgan Chase & Co. from $85.00 to $80.00 in a report released on Friday morning,Benzinga reports. The brokerage currently has a neutral rating on the chip maker’s stock.

A number of other analysts have also recently weighed in on the stock. HSBC restated a “buy” rating on shares of Intel in a report on Friday, July 24th. KGI Securities raised Intel from a “neutral” rating to an “outperform” rating and set a $95.00 price objective on the stock in a report on Friday. Truist Financial cut their price objective on shares of Intel from $108.00 to $72.00 and set a “hold” rating on the stock in a research report on Friday. Mizuho lifted their price target on Intel from $92.00 to $114.00 and gave the company a “neutral” rating in a research note on Tuesday, October 6th. Finally, Roth Capital lowered Intel from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $120.00 to $70.00 in a research report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, twenty-seven have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Intel has a consensus rating of “Hold” and an average target price of $97.86.

Intel Stock Performance

Shares of INTC opened at $65.76 on Friday. The stock has a market cap of $331.69 billion, a price-to-earnings ratio of -27.29, a PEG ratio of 6.85 and a beta of 2.42. The company has a 50-day moving average of $101.10 and a two-hundred day moving average of $86.36. Intel has a one year low of $32.89 and a one year high of $142.35. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.21 and a quick ratio of 1.86.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, October 29th. The chip maker reported $0.52 EPS for the quarter, topping the consensus estimate of $0.41 by $0.11. The business had revenue of $16.51 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.23 earnings per share. On average, equities research analysts expect that Intel will post 1.07 earnings per share for the current year.

Insider Buying and Selling at Intel

In related news, CEO Lip Bu Tan bought 105,263 shares of the business’s stock in a transaction on Tuesday, August 11th. The stock was acquired at an average price of $95.00 per share, for a total transaction of $9,999,985.00. Following the purchase, the chief executive officer directly owned 1,314,669 shares in the company, valued at $124,893,555. This trade represents a 8.70% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.05% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of INTC. Primecap Management Co. CA acquired a new stake in shares of Intel during the second quarter worth approximately $10,507,291,000. Legal & General Group Plc bought a new position in Intel during the second quarter worth $4,096,110,000. Assenagon Asset Management S.A. grew its position in shares of Intel by 87.1% during the 3rd 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 bought a new stake in shares of Intel during the second quarter valued at approximately $1,848,438,000. Finally, Bank of America Corp DE boosted its stake in shares of Intel by 35.7% in the second 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 period. 64.53% of the stock is owned by institutional investors and hedge funds.

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

About Intel

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.