Intel (NASDAQ:INTC) Issues Quarterly Earnings Results

Intel (NASDAQ:INTC) posted its quarterly earnings data on Thursday. The chip maker reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.14), Zacks reports. Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. Intel updated its Q1 2025 guidance to 0.000-0.000 EPS.

Intel Price Performance

Shares of NASDAQ INTC traded up $0.26 during midday trading on Thursday, reaching $20.01. The company’s stock had a trading volume of 100,330,467 shares, compared to its average volume of 70,822,969. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31. The company has a market cap of $86.30 billion, a P/E ratio of -5.38, a P/E/G ratio of 9.72 and a beta of 1.07. The business’s 50 day moving average price is $20.97 and its two-hundred day moving average price is $22.63. Intel has a fifty-two week low of $18.51 and a fifty-two week high of $46.63.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Northland Securities reduced their target price on shares of Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. The Goldman Sachs Group cut their target price on Intel from $22.00 to $21.00 and set a “sell” rating for the company in a research note on Thursday, October 17th. Robert W. Baird lifted their price target on shares of Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Bank of America restated an “underperform” rating and issued a $21.00 price objective on shares of Intel in a research note on Tuesday, December 3rd. Finally, Needham & Company LLC reissued a “hold” rating on shares of Intel in a research note on Friday, November 1st. Five investment analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $28.00.

Insider Buying and Selling

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $26.00, for a total value of $650,000.00. Following the completion of the transaction, the executive vice president now directly owns 273,258 shares in the company, valued at approximately $7,104,708. The trade was a 8.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.04% of the stock is currently owned by company insiders.

Intel Company Profile

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.