Intel (NASDAQ:INTC) Stock Bumped Down to “Hold” by Freedom Broker

Freedom Broker cut shares of Intel (NASDAQ:INTC) from a buy rating to a hold rating in a research note published on Friday,Benzinga reports. The firm currently has $90.00 price target on the chip maker’s stock, down from their previous price target of $100.00.

A number of other equities research analysts also recently commented on the stock. Rosenblatt Securities reduced their price objective on shares of Intel from $80.00 to $70.00 and set a “sell” rating for the company in a research report on Friday. UBS Group cut Intel from a “buy” rating to a “hold” rating and set a $90.00 price target for the company. in a report on Friday. Wall Street Zen downgraded Intel from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Cantor Fitzgerald dropped their price objective on Intel from $125.00 to $90.00 and set a “neutral” rating on the stock in a report on Friday. Finally, Mizuho upped their price objective on Intel from $92.00 to $114.00 and gave the stock a “neutral” rating in a report on Tuesday, October 6th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, twenty-eight have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $97.42.

Intel Price Performance

INTC stock opened at $65.76 on Friday. Intel has a one year low of $32.89 and a one year high of $142.35. The stock has a market capitalization of $331.69 billion, a PE ratio of -27.29, a price-to-earnings-growth ratio of 6.85 and a beta of 2.42. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.86 and a current ratio of 2.21. The company has a fifty day moving average of $101.10 and a 200-day moving average of $86.36.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, October 29th. The chip maker reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.11. Intel had a negative net margin of 20.09% and a positive return on equity of 4.42%. The business had revenue of $16.51 billion for the quarter, compared to the consensus estimate of $16.56 billion. During the same quarter in the previous year, the firm earned $0.23 earnings per share. The business’s quarterly revenue was up 20.9% compared to the same quarter last year. As a group, analysts expect that Intel will post 1.07 EPS for the current year.

Insider Activity

In other Intel news, CEO Lip Bu Tan acquired 105,263 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were acquired at an average cost of $95.00 per share, for a total transaction of $9,999,985.00. Following the transaction, the chief executive officer directly owned 1,314,669 shares of the company’s stock, valued at approximately $124,893,555. This represents a 8.70% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.05% of the stock is owned by company insiders.

Institutional Investors Weigh In On Intel

A number of large investors have recently added to or reduced their stakes in INTC. Vestor Capital LLC bought a new position in Intel during the first quarter valued at about $9,441,000. World Investment Advisors boosted its stake in shares of Intel by 11.2% during the 1st quarter. World Investment Advisors now owns 62,876 shares of the chip maker’s stock worth $2,775,000 after acquiring an additional 6,326 shares in the last quarter. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Intel during the 2nd quarter worth about $4,995,000. Western Wealth Management LLC increased its holdings in shares of Intel by 57.7% during the 1st quarter. Western Wealth Management LLC now owns 21,223 shares of the chip maker’s stock valued at $937,000 after acquiring an additional 7,764 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Intel by 4.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,493,552 shares of the chip maker’s stock valued at $208,541,000 after acquiring an additional 67,588 shares during the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

More Intel News

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel’s third-quarter revenue rose 20.9% year over year to $16.51 billion, while adjusted earnings of $0.52 per share exceeded consensus estimates. Data-center growth and the company’s shipment of products built on its advanced 18A process provide evidence that its turnaround remains possible. INTC Q3 deep dive
• Positive Sentiment: Northland Securities raised its earnings estimates for Intel, and some longer-term commentary points to potential benefits from 18A production and strategic investments by the U.S. government, Nvidia and SoftBank. These factors may attract dip buyers, although they have not offset near-term concerns. Northland Securities boosts earnings estimates
• Neutral Sentiment: The broader technology market is also under pressure, with chip stocks contributing to a sharp Nasdaq selloff and investors reducing exposure to cash-intensive artificial-intelligence investments. This market backdrop is amplifying Intel-specific volatility. Nasdaq tumbles as chip stocks fall
• Negative Sentiment: Intel’s outlook is the principal catalyst for selling. Next-quarter revenue guidance of approximately $15.5 billion was materially below analyst expectations, reflecting weaker PC demand and supply or capacity constraints that could limit the recovery. Analyst warns on Intel capacity woes
• Negative Sentiment: Multiple firms, including Seaport Global, Bank of America, Roth Capital and Freedom Broker, downgraded Intel to neutral or hold, while Citigroup, Cantor Fitzgerald, Susquehanna, Truist and other firms cut price targets. Analysts cited execution risk, capacity missteps and a slowing PC market, reinforcing concerns that the stock may remain “dead money” until planning and production problems improve. Seaport Global downgrades Intel

Intel Company Profile

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.