Intel (NASDAQ:INTC) Shares Down 9.7% – Time to Sell?

Intel Corporation (NASDAQ:INTC) dropped 9.7% during mid-day trading on Tuesday . The stock traded as low as $108.30 and last traded at $110.39. 137,890,619 shares changed hands during trading, an increase of 13% from the average session volume of 121,861,344 shares. The stock had previously closed at $122.20.

More Intel News

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Chip stocks are rebounding broadly after a heavy selloff, with Intel moving up alongside AMD and Broadcom as investors buy the dip in AI hardware names.
• Positive Sentiment: HSBC reiterated a very bullish view on Intel, reportedly setting a Street-high $200 price target and pointing to upside from the company’s foundry business and AI server CPUs. Article Title
• Positive Sentiment: Several articles highlighted Intel’s recent revenue beats, strong server CPU pricing, and progress on its 18A manufacturing node, which continue to support the turnaround narrative. Article Title

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Seaport Research Partners raised their price objective on Intel from $65.00 to $90.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Stifel Nicolaus boosted their price objective on Intel from $65.00 to $75.00 and gave the stock a “hold” rating in a report on Friday, April 24th. KeyCorp lifted their target price on Intel from $70.00 to $110.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Piper Sandler began coverage on Intel in a research report on Thursday, June 11th. They set a “neutral” rating for the company. Finally, BTIG Research upgraded Intel from a “neutral” rating to a “buy” rating in a research note on Thursday, June 11th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, twenty-eight have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, Intel currently has an average rating of “Hold” and a consensus target price of $96.69.

Intel Trading Up 2.2%

The firm’s fifty day moving average is $117.81 and its 200-day moving average is $72.84. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.31 and a quick ratio of 1.85. The firm has a market cap of $566.11 billion, a price-to-earnings ratio of -181.67 and a beta of 2.18.

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

Insider Activity at Intel

In related news, EVP Boise April Miller sold 40,256 shares of Intel stock in a transaction on Friday, May 1st. The shares were sold at an average price of $99.53, for a total value 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 approximately $10,458,313.81. This trade represents a 27.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.05% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Intel

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

About Intel

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.