FinkAvenue Investors who have read my work before on Intel (NASDAQ:INTC) will know that I started with a Sell rating; since that analysis, INTC has lost 56%. In my following and second analysis of INTC, I put out a Hold rating because I considered it fairly valued; it's lost 30% since then following awful Q2 2024 results. Now, in my third analysis of INTC, my outlook has changed considerably, and I consider INTC a Buy, with a price target of $28 in 12 months, potentially indicating a 17.5% upside. Q2 2024 F ...

Intel Corporation (NASDAQ: INTC) saw a dramatic decline in its stock price following the release of its Q2 earnings report, which fell short of expectations and revealed extensive restructuring plans. The string of disappointing announcements has prompted a wave of updates to analysts’ assessments of Intel and its future prospects, leading several leading financial firms to significantly lower their price targets for INTC stock.The stock plummeted nearly 30% on Friday, marking its most significant single-da ...

Ramping Meteor Lake has been costly, and Lunar Lake will be a drag on profits next year.Intel (INTC -26.06%) reported a net loss of $1.6 billion in the second quarter, a swing of more than $3 billion year over year in the wrong direction. The company's adjusted gross margin was 38.7%, down from the same quarter last year and a mile away from its long-term target of 60%.There are a lot of moving parts contributing to Intel's plunging bottom line, but a major component is the company's aggressive push to lead ...

Months after the federal government gave Intel $8.5 billion in grants to help bring back chipmaking to the U.S., the company said it is cutting 15% of its workforce, which translates to around 17,000 jobs.  The tech company announced the job cuts as part of a massive cost-cutting and restructuring plan. "This is an incredibly hard day for Intel as we are making some of the most consequential changes in our company’s history," Intel CEO Pat Gelsinger said in a note to employees this week. "Simply put, we mus ...

robynmac We previously covered Intel (NASDAQ:INTC) in April 2024, discussing its underwhelming Foundry prospects after the release of its new segment reporting, as the IDM 2.0 brought forth the uncertain cash burn and drag on its overall profitability. This was on top of its delayed node roadmap compared to its foundry peer, signaling Intel Foundry's uncertain prospects due to its nascency. While we were optimistic about the stock's US-made sentiments, it remained to be seen when its foundry segment wou ...

JHVEPhoto Intel: The King That It Was Once Intel Corporation (NASDAQ:INTC) investors have endured a torrid 2024 after the stock topped out in December 2023. As a result, the optimism that saw INTC outperform its semiconductor peers (SMH) (SOXX) between May and December 2023 has been completely dissolved. Based on the stock's almost 30% one-day slide yesterday (August 2), INTC revisited lows last observed in early 2013 as investors fled for the exit doors. In my previous article in June, I downgraded th ...

georgeclerk/E+ via Getty Images Sinking shipwreck. That's how you could describe Intel Corporation (NASDAQ:INTC) following the disastrous Q2 earnings report. The company has reported underwhelming performance, badly missing the analysts' expectations and issuing a weak Q3 guidance, despite hopes of turnaround starting to materialize in 2024. Following the report, Intel's stock price is set to wipe out over $30B market cap, setting it for the worst sell-off since 2000 following the suspension of its attra ...

Intel TodayINTCIntel$21.48 -7.57 (-26.06%) 52-Week Range$20.42▼$51.28Dividend Yield2.33%P/E Ratio22.38Price Target$33.41Add to WatchlistIntel NASDAQ: INTC has historically been one of the world’s leading semiconductor companies. That position has changed, especially after considering its Q2 2024 earnings, released on Aug 1, 2024. Shares plummeted the day after the release, declining over 25%. The firm has now lost over half of its value since 2024 began. First, we'll check out the firm's annual filing to se ...

It was a lot of bad news all at once from the chipmaker.Semiconductor giant Intel (INTC -26.06%) was expecting demand in its core markets to pick back up in the second quarter, but that demand failed to materialize. In the company's conference call with analysts on Thursday, chief financial officer David Zinsner said, "... the market has not recovered as expected, and we're obviously not satisfied with our results." Intel missed analyst expectations across the board, reported an unexpectedly large loss, and ...

Signage outside the Nasdaq MarketSite in New York on March 23, 2023. Stephanie Keith | Bloomberg | Getty Images With second-quarter earnings from tech's mega-cap companies largely in the rearview mirror, one thing is clear: Wall Street is nervous. The Nasdaq slumped 3.4% this week, bringing its three-week slide to 8.8%. It's the worst performance for the techheavy index over that length of time since September 2022, when the market was in freefall due to soaring inflation and rising interest rates. Since th ...