Intel (NASDAQ:INTC) Shares Down 6.8% – Here’s What Happened

Intel Corporation (NASDAQ:INTC)’s stock price fell 6.8% on Tuesday . The company traded as low as $115.00 and last traded at $120.61. 170,841,540 shares were traded during trading, an increase of 43% from the average session volume of 119,538,625 shares. The stock had previously closed at $129.44.

Intel News Roundup

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel announced a multi-year partnership to become the official compute partner of McLaren Racing, adding brand visibility and another high-profile customer relationship. Intel Named Official Compute Partner of McLaren Racing
• Positive Sentiment: Reports that Apple is in preliminary talks with Intel over U.S. chip manufacturing continue to fuel optimism that Intel’s foundry business could win major external customers and boost long-term revenue. Why Intel Stock Slumped Today
• Neutral Sentiment: Intel remains a major AI and foundry story, with some bullish commentary arguing the stock could benefit from long-term manufacturing wins and new partnerships, but these are still mostly forward-looking rather than confirmed revenue drivers. Why Intel Is More Like Boeing than Nvidia or TSMC
• Negative Sentiment: Fresh industry data shows Intel’s server CPU market share continued to erode, which is weighing on the stock as investors compare its growth profile unfavorably with AMD and Arm. Intel (INTC) Stock Slides as Q1 Server Market Share Continues to Erode
• Negative Sentiment: Multiple reports say the stock is under pressure from profit-taking after a massive 2026 rally, with traders worried that the semiconductor trade may be cooling and that Intel still faces intense competitive pressure. Intel, Qualcomm fall: investors booking gains or cautious about growing competition?

Analyst Ratings Changes

INTC has been the subject of a number of research analyst reports. Roth Mkm upgraded Intel from a “neutral” rating to a “buy” rating and set a $100.00 price objective for the company in a report on Friday, April 24th. Seaport Research Partners boosted their target price on Intel from $65.00 to $90.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Tigress Financial increased their target price on shares of Intel from $66.00 to $118.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Intel in a research report on Friday, April 24th. Finally, Wells Fargo & Company boosted their price objective on shares of Intel from $55.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty-five have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $77.38.

Intel Price Performance

The company has a market cap of $582.66 billion, a PE ratio of -186.98 and a beta of 2.18. The business’s 50 day moving average price is $66.25 and its 200-day moving average price is $50.43. The company has a quick ratio of 1.85, a current ratio of 2.31 and a debt-to-equity ratio of 0.34.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, April 23rd. The chip maker reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.28. The business had revenue of $13.58 billion during the quarter, compared to analyst estimates of $12.32 billion. Intel had a negative net margin of 5.90% and a positive return on equity of 0.39%. The business’s revenue was up 7.4% on a year-over-year basis. During the same period last year, the business earned $0.13 EPS. Intel has set its Q2 2026 guidance at 0.200-0.200 EPS. As a group, analysts forecast that Intel Corporation will post 0.63 earnings per share for the current year.

Insider Buying and Selling

In other Intel news, EVP Boise April Miller sold 40,256 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $99.53, for a total transaction of $4,006,679.68. Following the completion of the sale, the executive vice president owned 105,077 shares in the company, valued at $10,458,313.81. This trade represents a 27.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.05% of the company’s stock.

Hedge Funds Weigh In On Intel

Several institutional investors and hedge funds have recently made changes to their positions in the business. Financially Speaking Inc grew its holdings in 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 acquiring an additional 279 shares in the last quarter. Financial Life Planners acquired a new stake in Intel during the first quarter valued at approximately $25,000. Legacy Bridge LLC acquired a new position in shares of Intel in the 4th quarter worth approximately $26,000. Raleigh Capital Management Inc. bought a new stake in shares of Intel in the 4th quarter valued at approximately $29,000. Finally, Swiss RE Ltd. bought a new position in Intel during the fourth quarter worth $29,000. 64.53% of the stock is currently owned by hedge funds and other 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.