Intel (NASDAQ:INTC) Stock Dropped to “Neutral” by Bank of America

Intel (NASDAQ:INTC) was downgraded by equities researchers at Bank of America from a “buy” rating to a “neutral” rating in a research note issued on Friday, MarketBeat reports. They currently have a $100.00 price target on the chip maker’s stock, down from their prior price target of $145.00. Bank of America‘s price objective points to a potential upside of 8.61% from the company’s previous close.

Other equities analysts have also recently issued reports about the stock. DA Davidson raised their target price on shares of Intel from $77.00 to $100.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Mizuho upped their price target on shares of Intel from $92.00 to $114.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 6th. Evercore reiterated an “outperform” rating and issued a $133.00 price target on shares of Intel in a research note on Friday. JPMorgan Chase & Co. raised shares of Intel from an “underweight” rating to a “neutral” rating and set a $85.00 price objective for the company in a research report on Monday, October 19th. Finally, Northland Securities upgraded shares of Intel from a “market perform” rating to an “outperform” rating and set a $120.00 price objective on the stock in a research note on Tuesday, September 8th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, twenty-seven have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $104.01.

Intel Stock Performance

INTC opened at $92.07 on Friday. Intel has a 52-week low of $32.89 and a 52-week high of $142.35. The firm has a market capitalization of $464.40 billion, a PE ratio of -43.63, a PEG ratio of 10.14 and a beta of 2.22. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.25 and a current ratio of 1.60. The business’s 50-day simple moving average is $101.63 and its 200 day simple moving average is $86.25.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, October 29th. The chip maker reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.11. Intel had a positive return on equity of 2.62% and a negative net margin of 19.79%. The firm had revenue of $16.51 billion for the quarter, compared to analyst estimates of $16.56 billion. During the same quarter in the previous year, the firm earned $0.23 EPS. The business’s quarterly revenue was up 20.9% on a year-over-year basis. As a group, sell-side analysts expect that Intel will post 1.05 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Lip Bu Tan acquired 105,263 shares of Intel stock in a transaction on Tuesday, August 11th. The stock was purchased at an average cost of $95.00 per share, with a total value of $9,999,985.00. Following the completion of the transaction, 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 position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.05% of the stock is currently owned by company insiders.

Institutional Trading of Intel

A number of hedge funds have recently modified their holdings of INTC. Primecap Management Co. CA acquired a new stake in Intel in the 2nd quarter worth about $10,507,291,000. Legal & General Group Plc bought a new stake in Intel in the 2nd quarter valued at about $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 worth $3,632,722,000 after purchasing an additional 14,063,302 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of Intel during the 2nd quarter worth approximately $1,848,438,000. Finally, Bank of America Corp DE increased its holdings in shares of Intel by 35.7% during 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 purchasing an additional 8,342,514 shares during the period. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel News Roundup

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel reported third-quarter adjusted earnings of $0.52 per share, above the roughly $0.40–$0.41 consensus, while revenue rose 21% year over year to $16.5 billion. Data Center and AI revenue surged 78% to $7.3 billion, and Intel Foundry revenue increased 58%. Intel Q3 Revenue Rises 21% to $16.5 Billion
• Positive Sentiment: CEO Lip-Bu Tan said AI agents could expand the server CPU market toward $200 billion, offering a potential long-term growth opportunity despite current execution challenges. Intel Server CPU Market Outlook
• Neutral Sentiment: Intel’s turnaround remains dependent on converting strong AI and data-center demand into reliable supply, while its costly foundry expansion continues to require substantial investment. Intel PC Slowdown and Foundry Risks
• Negative Sentiment: Intel guided for fourth-quarter revenue of $15 billion to $16 billion and adjusted EPS of about $0.25, well below analyst expectations of approximately $17.3 billion in revenue and $0.45 EPS. The outlook also implies lower margins and earnings than in the third quarter. Intel Shares Tumble on Weak Guidance
• Negative Sentiment: Management said the PC slowdown arrived sooner and was deeper than expected and could persist through at least the first half of next year. Higher memory prices and constrained corporate laptop budgets are adding pressure to client-computing demand. Intel Blames PC Slowdown for Weak Guidance
• Negative Sentiment: A factory explosion in Israel and manufacturing bottlenecks are creating additional supply and execution risks. Analysts responded by cutting EPS estimates, downgrading Intel, and reducing price targets, with Bank of America lowering its target from $145 to $100. Analyst Cuts Intel Price Target
• Negative Sentiment: The disappointing forecast triggered broader semiconductor weakness, weighing on AMD, Dell, HP and other chip-related stocks as investors reassessed PC demand and the cost of AI infrastructure. Intel Results Pressure Technology Stocks

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.