Intel (NASDAQ:INTC) Stock Falls 10.3% – Time to Sell?

Intel Corporation (NASDAQ:INTC) dropped 10.3% during mid-day trading on Thursday. The company traded as low as $51.51 and last traded at $52.25. Approximately 264,237,441 shares were traded during mid-day trading, an increase of 123% from the average session volume of 118,650,984 shares. The stock had previously closed at $58.27.

Intel News Roundup

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel joined a broad recovery in semiconductor stocks as investors bought shares after Thursday’s steep AI-related selloff. The rebound lifted the Nasdaq, though worries about interest rates and AI spending persisted. Market and chip-stock rebound
• Positive Sentiment: CEO Lip-Bu Tan bought 150,000 shares for about $9.7 million, increasing his direct ownership by 11.4%. The insider purchase may signal confidence, although it does not resolve Intel’s operating challenges. Report on CEO share purchase
• Positive Sentiment: Intel technology is being used in Atsign’s EdgeAI platform, while a separate report highlighted Xeon processors for enterprise AI workloads. These developments support Intel’s effort to build AI-related demand beyond traditional PC chips. Intel EdgeAI and Xeon developments
• Negative Sentiment: The recovery follows pressure from Intel’s fourth-quarter revenue outlook of $15 billion to $16 billion and management’s warning that PC weakness could extend into 2027. A securities law firm has also announced an investigation into potential investor claims; this is an investigation notice, not a finding of wrongdoing. Investigation notice and outlook concerns
• Negative Sentiment: Analyst estimate reductions and ongoing concerns about losses in Intel Foundry add to doubts about earnings momentum and the execution of its turnaround. Analysis of Intel Foundry risks

Wall Street Analyst Weigh In

INTC has been the topic of several research analyst reports. TD Cowen dropped their price objective on Intel from $95.00 to $75.00 and set a “hold” rating on the stock in a research note on Friday, October 30th. HSBC reaffirmed a “buy” rating on shares of Intel in a research report on Friday, July 24th. Sanford C. Bernstein upgraded Intel from a “hold” rating to an “outperform” rating in a report on Monday, October 19th. Robert W. Baird set a $83.00 price target on Intel in a research report on Friday, October 30th. Finally, Weiss Ratings downgraded Intel from a “hold (c-)” rating to a “sell (d)” rating in a research report on Friday, October 23rd. Two investment 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. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $97.42.

Intel Price Performance

The firm has a market capitalization of $299.13 billion, a PE ratio of -23.35, a P/E/G ratio of 6.25 and a beta of 2.42. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.86 and a current ratio of 2.31. The stock has a fifty day moving average price of $97.95 and a 200-day moving average price of $86.60.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, October 29th. The chip maker reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.11. Intel had a positive return on equity of 4.70% and a negative net margin of 20.09%. The firm had revenue of $16.51 billion during the quarter, compared to analysts’ expectations of $16.56 billion. During the same period in the prior year, the business posted $0.23 EPS. The firm’s quarterly revenue was up 20.9% on a year-over-year basis. Sell-side analysts forecast that Intel Corporation will post 1.04 EPS for the current fiscal year.

Insider Activity

In other news, CEO Lip Tan acquired 150,000 shares of the business’s stock in a transaction dated Monday, November 2nd. The shares were purchased at an average price of $64.73 per share, with a total value of $9,709,500.00. Following the transaction, the chief executive officer directly owned 1,464,669 shares in the company, valued at approximately $94,808,024.37. This represents a 11.41% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.05% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Intel

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Primecap Management Co. CA purchased a new stake in shares of Intel during the 2nd quarter valued at $10,507,291,000. Legal & General Group Plc purchased a new position in Intel during the 2nd quarter worth $4,096,110,000. Assenagon Asset Management S.A. increased its position in 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 buying an additional 14,063,302 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in Intel during the 2nd quarter valued at about $1,848,438,000. Finally, Bank of America Corp DE increased its position in Intel by 35.7% during the 2nd quarter. Bank of America Corp DE now owns 31,724,362 shares of the chip maker’s stock valued at $4,429,673,000 after buying an additional 8,342,514 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Company Profile