Intel crushed Wall Street's consensus earnings targets and fell just below analysts' revenue estimates. The sudden price drop was triggered by the company's significant infrastructure investments. Shares of semiconductor giant Intel ( NASDAQ:INTC) fell as much as 11.7% on Friday following the company's third-quarter earnings report.
Should you buy or sell Intel stock right now?
Feb 18, 2022 · Intel ( INTC 1.10% ) stock crashed in Friday morning trading, down 5.6% as of 11:55 a.m. ET after the company held an investor meeting to lay out its "2022 and long-term growth strategy." Hearing ...
Why has Intel stock tanked?
Oct 22, 2021 · Key Points Intel crushed Wall Street's consensus earnings targets and fell just below analysts' revenue estimates. The sudden price drop was triggered by the company's significant infrastructure...
Is Intel stock a buy?
Feb 18, 2022 · Barclays analyst Blayne Curtis lowered the price target on Intel to $45 from $50 (5.4% downside) and kept an Underweight. The analyst says Intel's 2022 investor meeting "fell flat" as …
Why is Intel falling behind?
Apr 23, 2021 · Intel stock had a rough 2020, and it failed to return to pre-pandemic levels despite strong demand in the semiconductor space due to the company’s internal problems. This time, the market focused...
Is Intel stock a good buy now?
Intel forecasts that its growth will kick into a higher gear in 2025 and 2026, with revenue growth in the range of 10% to 12% and a gross margin level of 54% to 58%. Operating expenses are also expected to come down to a range of 25% to 27%. So, Intel could reward patient investors with solid upside in the long run.Feb 28, 2022
Is Intel a good stock to buy 2022?
Intel Corporation's management guidance revealed at the 2022 Investor Meeting suggests that its FY 2022-2024 financial performance won't be good as it enters a significant investment cycle. INTC's shares need to rebound to $60 to generate an estimated one-year total shareholder return of 20% to justify a Buy rating.Apr 1, 2022
Is Intel overvalued?
Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns. So, Intel stock is not overvalued as compared with other tech stocks.Mar 6, 2022
Is Intel a buy sell or Hold?
Intel has received a consensus rating of Hold. The company's average rating score is 1.93, and is based on 7 buy ratings, 14 hold ratings, and 9 sell ratings.
Does Intel make their own chips?
Also, Intel doesn't produce chips for cars, at least not yet. Intel had nothing to do with the shortage of car chips. (Intel did buy autonomous driving chip company Mobileye in 2017, but its chips are produced by TSMC.)Jan 22, 2022
Is Intel or Nvidia better?
Nvidia is now worth more than Intel, according to the NASDAQ. The GPU company has finally topped the CPU company's market cap (the total value of its outstanding shares) by $251bn to $248bn, meaning it is now technically worth more to its shareholders. … Nvidia's share price is now $408.64.
Why is Intel so cheap?
So, what drove this stock price drop? The answer is simple. Much of Intel's stock price drop can be attributed to its Q4 earnings PR and its more recent Investor Day meeting. This was predictable.Mar 1, 2022
Does Intel pay a dividend?
INTC pays a dividend of $1.41 per share. INTC's annual dividend yield is 2.94%. Intel's dividend is higher than the US industry average of 2.13%, and it is lower than the US market average of 4.11%.
What happened
It's the day after earnings for Intel ( NASDAQ:INTC), and its stock is down -- 11% as of 10:15 a.m. EDT today.
So what
So I guess you could call it a "mixed quarter" -- but was it really bad enough to justify an 11% haircut in stock price?
Now what
Despite all of the above, however, Intel was optimistic about where it's headed this year. Giving new guidance for the full year fiscal 2020, Intel raised its estimates to $75.3 billion in sales, $4.55 per share in GAAP earnings, and $4.90 per share in pro forma profit.
The semiconductor giant posted solid quarterly results and strong guidance, but it wasn't all good news
Anders Bylund is a Foolish Technology and Entertainment Specialist. Where the two markets intersect, you'll find his wheelhouse. He has been an official Fool since 2006 but a jester all his life.
What happened
Shares of Intel ( NASDAQ:INTC) had a tough Friday morning. The semiconductor giant's stock traded 8% lower at 10:50 a.m. EST, despite a strong earnings report on Thursday evening.
So what
In the fourth quarter of 2020, Intel saw revenue fall 1% year over year to $20 billion. Adjusted earnings held steady at $1.52 per diluted share. Intel's guidance for this period had pointed to earnings near $1.10 per share on top-line sales in the neighborhood of $17.3 billion.
Now what
The pure financial data was strong, but incoming CEO Pat Gelsinger also noted that Intel's upgrade to a next-generation manufacturing process keeps running behind schedule and the company will probably lean on third-party chip manufacturers such as Taiwan Semiconductor for a while longer.
Who is selling NAND?
Earlier in the week, Intel said that it was selling its flash-memory, or NAND, business to Korean chip maker SK Hynix Inc. for $9 billion. “Internet of Things,” or IoT, revenue fell 33% to $677 million, compared with an expected $788.8 million.
Who is Wallace Witkowski?
Wallace Witkowski came to MarketWatch from the Associated Press in New York, where he was a business reporter specializing in pharmaceutical companies. He previously reported for trade publications in covering the drug and medical-device industries back to 1998.
