Intel (NASDAQ:INTC) Given New $100.00 Price Target at Citigroup

Intel (NASDAQ:INTC) had its price objective dropped by equities research analysts at Citigroup from $130.00 to $100.00 in a report released on Friday, Benzinga reports. The firm currently has a “buy” rating on the chip maker’s stock. Citigroup‘s target price would indicate a potential upside of 52.07% from the stock’s previous close.

Several other equities analysts have also recently weighed in on the stock. Zacks Research raised shares of Intel from a “hold” rating to a “strong-buy” rating in a research report on Monday. The Goldman Sachs Group reissued a “neutral” rating and set a $100.00 price objective on shares of Intel in a report on Friday. Rosenblatt Securities lowered their price objective on Intel from $80.00 to $70.00 and set a “sell” rating for the company in a research note on Friday. Bank of America downgraded Intel from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $145.00 to $100.00 in a research note on Friday. Finally, Tigress Financial raised their target price on Intel from $118.00 to $145.00 and gave the company a “buy” rating in a report on Tuesday, September 15th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, twenty-seven have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $97.98.

Intel Stock Down 28.6%

Shares of Intel stock traded down $26.31 during trading hours on Friday, reaching $65.76. The company’s stock had a trading volume of 449,703,988 shares, compared to its average volume of 117,148,258. Intel has a one year low of $32.89 and a one year high of $142.35. The company has a market capitalization of $331.69 billion, a P/E ratio of -31.17, a P/E/G ratio of 10.14 and a beta of 2.22. The stock’s fifty day simple moving average is $101.63 and its two-hundred day simple moving average is $86.25. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.25 and a current ratio of 1.60.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, October 29th. The chip maker reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.11. The firm had revenue of $16.51 billion during the quarter, compared to analysts’ expectations of $16.56 billion. Intel had a negative net margin of 19.79% and a positive return on equity of 2.62%. The business’s revenue was up 20.9% on a year-over-year basis. During the same period last year, the company earned $0.23 earnings per share. On average, research analysts forecast that Intel will post 1.05 earnings per share for the current year.

Insider Buying and Selling at Intel

In other Intel news, CEO Lip Bu Tan purchased 105,263 shares of the company’s stock in a transaction dated Tuesday, August 11th. The stock was purchased at an average price of $95.00 per share, for a total transaction of $9,999,985.00. Following the transaction, the chief executive officer owned 1,314,669 shares in the company, valued at $124,893,555. The trade was a 8.70% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.05% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of INTC. Montgomery Financial Services LLC bought a new stake in Intel in the 2nd quarter worth approximately $26,000. Next Level Wealth Planning LLC purchased a new stake in Intel in the third quarter worth approximately $28,000. Glynn Capital Management LLC bought a new position in Intel during the second quarter valued at approximately $29,000. Knuff & Co LLC bought a new position in Intel during the second quarter valued at approximately $29,000. Finally, Beaird Harris Wealth Management LLC grew its position in Intel by 3,185.7% during the second quarter. Beaird Harris Wealth Management LLC now owns 230 shares of the chip maker’s stock valued at $32,000 after acquiring an additional 223 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors.

More Intel News

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel reported third-quarter adjusted EPS of $0.52, ahead of the $0.41 consensus estimate, while revenue rose 21% year over year to $16.51 billion. Data Center and AI revenue increased 78% to $7.3 billion, and Intel Foundry revenue grew 58%. Intel Surpasses Q3 Earnings Estimates on Robust Data Center Demand
• Positive Sentiment: Intel agreed to acquire Israeli quantum-software startup Classiq Technologies for approximately $2.3 billion, targeting a full-stack quantum-computing business. The transaction is expected to close in the first half of 2027, although it adds to concerns about near-term spending. Intel Agreed to Buy Israeli Startup Classiq Technologies
• Neutral Sentiment: KGI Securities upgraded Intel to “outperform” with a $95 price target, but most recent analyst actions were more cautious. Wall Street’s targets remain materially above the current trading level, indicating potential upside if Intel executes its turnaround.
• Negative Sentiment: Intel forecast fourth-quarter revenue of $15 billion to $16 billion and adjusted EPS of $0.25, well below analysts’ expectations of roughly $17.3 billion in revenue and $0.45 EPS. Management said the PC slowdown arrived sooner and was deeper than expected and could continue through at least the first half of 2027. Intel Shares Tumble on Lower Profit, Weak Guidance
• Negative Sentiment: AI-related demand is consuming chip capacity needed for PCs, while memory, wafer and substrate shortages are increasing costs and pushing PC prices higher. Investors are concerned that stronger server growth will not offset weakness in Client Computing, where revenue fell 5% in the third quarter.
• Negative Sentiment: A blast at Intel’s Israel facility is expected to reduce revenue by about $600 million, with the ultimate insurance and production impact still uncertain. Analysts including Bank of America, Wells Fargo, DA Davidson, Truist and Roth Capital lowered targets or moved to neutral/hold ratings, citing weaker demand, manufacturing constraints, heavy investment and possible negative free cash flow. Intel Warning Sparks Chip Rout as PC Weakness Clouds Turnaround

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.