Intel (NASDAQ:INTC) Shares Down 2.8% – Here’s What Happened

Intel Corporation (NASDAQ:INTC) shares were down 2.8% during trading on Thursday. The stock traded as low as $90.02 and last traded at $95.37. Approximately 145,815,656 shares traded hands during mid-day trading, an increase of 25% from the average daily volume of 116,348,891 shares. The stock had previously closed at $98.12.

More Intel News

Here are the key news stories impacting Intel this week:

• Positive Sentiment: A technical trading signal near $91.75 briefly attracted buyers and helped Intel shares rebound intraday. Intel Shares Rise Over 3% After Key Trading Signal
• Positive Sentiment: Intel’s Crescent Island inference GPU has reached customer testing, supporting its effort to compete in lower-cost AI inference and diversify beyond traditional CPUs. Intel’s 350-Watt Inference GPU Reaches Customer Testing
• Positive Sentiment: Recent coverage points to strong second-quarter revenue growth, improving computing-infrastructure demand, and expectations for solid third-quarter results ahead of the October 29 earnings report. Intel Earnings Preview
• Positive Sentiment: Thirty-four exchange-traded funds added Intel holdings on October 13, while CEO Lip-Bu Tan previously disclosed a roughly $10 million open-market purchase—signals of institutional and insider interest, though neither guarantees future performance. 34 ETFs Add to Intel Holdings
• Neutral Sentiment: ASML says AI-chip demand may exceed supply for two more years, a favorable industry backdrop for Intel’s manufacturing ambitions, but the company still must execute on its foundry ramp and win customers. AI Demand to Exceed Supply
• Negative Sentiment: An explosion and fire at Intel’s Kiryat Gat manufacturing site in Israel, with serious injuries and reported fatalities, raised concerns about safety, potential disruption, and added costs. Intel Slides After Plant Blast in Israel
• Negative Sentiment: TSMC indicated it could support customers if Intel’s advanced-packaging ramp falls short, highlighting competitive and execution risks for Intel’s foundry strategy. TSMC Hints It Could Back Up Intel Customers
• Negative Sentiment: Hotter inflation data, higher interest-rate expectations, concerns about AI financing, and elevated chip valuations triggered broad selling across Intel, AMD, Nvidia, and TSMC despite TSMC’s record results. Intel and AMD Plummet as Semiconductor Selloff Continues
• Negative Sentiment: Investors remain concerned about Intel’s persistent foundry losses, negative reported earnings, and the premium valuation implied by the stock’s sharp 2026 rally.

Analyst Upgrades and Downgrades

INTC has been the subject of several research reports. Roth Capital increased their target price on Intel from $100.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research note on Friday, July 24th. Wedbush increased their price objective on Intel from $60.00 to $98.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Stifel Nicolaus decreased their price objective on Intel from $120.00 to $110.00 and set a “hold” rating for the company in a report on Friday, July 24th. Finally, Morgan Stanley raised their price objective on Intel from $75.00 to $84.00 and gave the company an “equal weight” rating in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, twenty-seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $109.06.

Intel Trading Down 2.8%

The firm’s 50 day moving average price is $103.38 and its 200-day moving average price is $101.03. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.60 and a quick ratio of 1.25. The stock has a market cap of $481.05 billion, a P/E ratio of -45.20, a P/E/G ratio of 10.97 and a beta of 2.22.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, July 23rd. The chip maker reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.21. The company had revenue of $16.13 billion during the quarter, compared to analyst estimates of $14.43 billion. Intel had a negative net margin of 19.79% and a positive return on equity of 2.62%. The firm’s revenue for the quarter was up 25.2% on a year-over-year basis. During the same period in the previous year, the business earned ($0.10) EPS. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. As a group, equities research analysts forecast that Intel Corporation will post 1.04 earnings per share for the current year.

Insider Buying and Selling

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

Institutional Trading of Intel

A number of hedge funds have recently bought and sold shares of INTC. ABS Investment Management LLC purchased a new stake in Intel in the second quarter worth about $694,101,000. Montgomery Financial Services LLC bought a new stake in shares of Intel during the 2nd quarter valued at $26,000. Knuff & Co LLC bought a new position in Intel in the 2nd quarter worth $29,000. Glynn Capital Management LLC purchased a new stake in Intel in the 2nd quarter worth $29,000. Finally, Beaird Harris Wealth Management LLC increased its stake in Intel by 3,185.7% in the 2nd quarter. Beaird Harris Wealth Management LLC now owns 230 shares of the chip maker’s stock worth $32,000 after buying an additional 223 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Company Profile

Intel Corporation (NASDAQ: INTC) is a global semiconductor company that designs and manufactures computing and connectivity products. Its portfolio includes central processing units (CPUs), graphics and accelerator products, chipsets, networking components, and other semiconductor solutions used in personal computers, servers, cloud infrastructure, artificial intelligence systems, and embedded applications.

The company serves a broad range of customers, including original equipment manufacturers, cloud service providers, enterprise businesses, telecommunications companies, government organizations, and other technology firms.