Intel (NASDAQ:INTC) Shares Gap Down – Here’s Why
by Mitch Edgeman · The Markets DailyIntel Corporation (NASDAQ:INTC – Get Free Report)’s share price gapped down prior to trading on Monday. The stock had previously closed at $119.33, but opened at $115.34. Intel shares last traded at $116.85, with a volume of 29,436,588 shares.
Key Headlines Impacting Intel
Here are the key news stories impacting Intel this week:
- Positive Sentiment: Mizuho raised its Intel price target from $92 to $114 while maintaining a neutral rating. The upgrade reflects expectations for stronger CPU demand, although the target implies limited upside from recent trading levels. Intel Stock Price Target Raised at Mizuho
- Positive Sentiment: Intel and Applied Materials announced a collaboration on next-generation chipmaking. Work at Applied Materials’ EPIC Center and Intel’s Oregon research campus will focus on transistors, interconnects and advanced packaging for AI computing. The partnership could help Intel accelerate manufacturing innovation and strengthen its foundry ambitions. Applied Materials and Intel Collaboration
- Positive Sentiment: Intel’s turnaround narrative continues to attract investor attention. Commentary highlighted seven consecutive quarters of beating the company’s own expectations, with potential upside tied to successful execution of its contract-foundry strategy. Intel’s Biggest Opportunity May Be Its Comeback
- Neutral Sentiment: Industry reports continue to identify Intel as a participant in long-term growth markets such as embedded systems, AI, IoT and quantum computing. These reports support the addressable-market story but do not provide company-specific financial guidance. Embedded Systems Global Strategic Business Report
- Negative Sentiment: Concerns that Taiwan Semiconductor Manufacturing Co. could join Elon Musk’s Terafab project pressured Intel’s foundry opportunity. TSMC’s potential involvement could dilute Intel’s role as the venture’s chip partner and challenge the credibility of its manufacturing comeback. Intel Stock Slips Despite Mizuho CPU Demand Outlook
- Negative Sentiment: Reports that some Android applications perform poorly on Intel-powered Googlebooks raise questions about software compatibility and platform competitiveness, though the issue appears limited to certain applications. Google Android App Compatibility Report
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on the stock. Jefferies Financial Group assumed coverage on shares of Intel in a research report on Thursday, June 11th. They set a “buy” rating for the company. Cantor Fitzgerald reduced their price objective on shares of Intel from $150.00 to $125.00 and set a “neutral” rating on the stock in a research note on Friday, July 24th. The Goldman Sachs Group reiterated a “neutral” rating on shares of Intel in a research report on Thursday, July 23rd. Weiss Ratings raised shares of Intel from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, September 24th. Finally, Truist Financial lifted their target price on shares of Intel from $81.00 to $108.00 and gave the stock a “hold” rating in a research note on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, twenty-six have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Intel has a consensus rating of “Hold” and a consensus target price of $109.06.
Check Out Our Latest Stock Report on Intel
Intel Stock Performance
The stock has a market capitalization of $567.45 billion, a price-to-earnings ratio of -53.32, a price-to-earnings-growth ratio of 12.40 and a beta of 2.22. The company has a 50 day simple moving average of $101.96 and a 200-day simple moving average of $98.51. The company has a quick ratio of 1.25, a current ratio of 1.60 and a debt-to-equity ratio of 0.47.
Intel (NASDAQ:INTC – Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The chip maker reported $0.42 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $16.13 billion during the quarter, compared to analyst estimates of $14.43 billion. During the same quarter in the previous year, the business posted ($0.10) EPS. Intel’s revenue for the quarter was up 25.2% compared to the same quarter last year. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. As a group, equities research analysts expect that Intel Corporation will post 1.04 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, CEO Lip Bu Tan acquired 105,263 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were purchased at an average price of $95.00 per share, for a total transaction 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 approximately $124,893,555. This trade represents a 8.70% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.05% of the company’s stock.
Institutional Trading of Intel
Several large investors have recently made changes to their positions in INTC. Primecap Management Co. CA bought a new position in shares of Intel in the second quarter valued at approximately $10,507,291,000. Legal & General Group Plc purchased a new stake in Intel in the 2nd quarter valued at $4,096,110,000. Canada Pension Plan Investment Board bought a new position in Intel during the 2nd quarter valued at $1,848,438,000. Bank of America Corp DE lifted its stake 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 acquiring an additional 8,342,514 shares in the last quarter. Finally, State Street Corp lifted its stake in Intel by 2.8% during the 4th quarter. State Street Corp now owns 208,536,784 shares of the chip maker’s stock valued at $7,695,007,000 after acquiring an additional 5,714,400 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.
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.