Intel (NASDAQ:INTC) Stock Price Down 8% Following Analyst Downgrade

22 Oct 2026, 21:00 by Michael Walen · The Markets Daily

Intel Corporation (NASDAQ:INTC – Get Free Report) shares were down 8% on Thursday after Susquehanna lowered their price target on the stock from $115.00 to $105.00. Susquehanna currently has a neutral rating on the stock. Intel traded as low as $84.65 and last traded at $85.49. 132,443,898 shares traded hands during mid-day trading, an increase of 14% from the average session volume of 116,035,727 shares. The stock had previously closed at $92.96.

Other analysts have also recently issued reports about the company. Sanford C. Bernstein upgraded Intel from a “hold” rating to an “outperform” rating in a report on Monday. National Bank Financial set a $85.00 price target on shares of Intel in a research report on Monday. HSBC restated a “buy” rating on shares of Intel in a report on Friday, July 24th. TD Cowen dropped their target price on shares of Intel from $115.00 to $95.00 and set a “hold” rating on the stock in a research report on Monday. Finally, Zacks Research downgraded shares of Intel from a “strong-buy” rating to a “hold” rating in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, twenty-seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $107.73.

Read Our Latest Report on Intel

Insiders Place Their Bets

In related news, CEO Lip Bu Tan bought 105,263 shares of the company’s stock in a transaction on Tuesday, August 11th. The shares were acquired at an average cost of $95.00 per share, with a total value of $9,999,985.00. Following the completion of the acquisition, the chief executive officer owned 1,314,669 shares of the company’s stock, valued at $124,893,555. The trade was a 8.70% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.05% of the stock is currently owned by insiders.

Trending Headlines about Intel

Here are the key news stories impacting Intel this week:

Positive Sentiment: Intel’s $28 billion Ohio semiconductor project reached a construction milestone, while the company continues targeting a 2028 start for its Arizona fabrication facility. The progress supports Intel’s long-term foundry ambitions, although the projects have experienced significant delays. Intel Ohio chip project construction milestone
Positive Sentiment: Intel is reportedly participating with Tesla and SpaceX in Elon Musk’s Terafab AI-chip initiative. Investors view the effort as a potential source of future chip-design and manufacturing demand, though its commercial impact remains speculative. Intel joining Terafab AI chip project
Positive Sentiment: Some analysts expect Intel’s upcoming quarterly results to show earnings growth, supported by improving revenue trends and demand for CPUs used in increasingly complex AI systems. Intel reports on October 29. Intel earnings expectations

Institutional Investors Weigh In On Intel

A number of institutional investors and hedge funds have recently bought and sold shares of INTC. State Street Corp lifted its position in Intel by 1.2% during the second quarter. State Street Corp now owns 216,849,675 shares of the chip maker’s stock valued at $30,278,720,000 after purchasing an additional 2,528,657 shares during the last quarter. Primecap Management Co. CA purchased a new stake in shares of Intel during the second quarter worth about $10,507,291,000. Bank of America Corp DE raised its stake in shares of Intel by 35.7% in the second quarter. Bank of America Corp DE now owns 31,724,362 shares of the chip maker’s stock worth $4,429,673,000 after purchasing an additional 8,342,514 shares during the last quarter. Legal & General Group Plc acquired a new stake in Intel during the 2nd quarter worth about $4,096,110,000. Finally, Assenagon Asset Management S.A. raised its position in shares of Intel by 87.1% in the third quarter. Assenagon Asset Management S.A. now owns 30,214,769 shares of the chip maker’s stock worth $3,632,722,000 after acquiring an additional 14,063,302 shares during the period. 64.53% of the stock is owned by institutional investors.

Intel Stock Down 8.0%

The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.25 and a current ratio of 1.60. The stock has a market cap of $431.21 billion, a price-to-earnings ratio of -40.52, a PEG ratio of 9.74 and a beta of 2.22. The business’s 50 day moving average is $102.66 and its 200-day moving average is $102.68.

Intel (NASDAQ:INTC – Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The chip maker reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.21. Intel had a negative net margin of 19.79% and a positive return on equity of 2.62%. The business had revenue of $16.13 billion during the quarter, compared to analysts’ expectations of $14.43 billion. During the same period last year, the business earned ($0.10) earnings per share. The business’s revenue for the quarter was up 25.2% on a year-over-year basis. On average, sell-side analysts predict that Intel Corporation will post 1.05 EPS for the current fiscal year.

Intel Company Profile

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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.