Intel Corporation (NASDAQ: INTC) witnessed a decline in its shares by 2.3% to $37.76 on September 15, 2023. This drop can be attributed to the overall weakness observed in semiconductor and chip stocks during Friday’s trading session.
Recent reports suggest that Taiwan Semiconductor Mfg. Co. Ltd. (NYSE: TSM) has instructed its suppliers to delay the delivery of advanced chipmaking equipment due to uncertainty in demand. TSMC, being one of the largest semiconductor foundries globally and a crucial player in the chip manufacturing supply chain, holds significance for Intel. Whenever Intel’s own facilities are unable to meet demand or require specialized manufacturing processes, it relies on TSMC for chip production.
If TSMC decides to postpone or reduce equipment orders due to the prevailing uncertainty, it has the potential to disrupt Intel’s supply chain and hamper its production capabilities. This situation highlights the interdependence and vulnerability of the semiconductor industry.
It is worth noting that INTC has experienced a 52-week high of $40.42 and a 52-week low of $24.59, as per data from Benzinga Pro.
INTC<br /> seems to be an invalid ticker
Please provide a valid Ticker
INTC Stock Analysis: Stable Performance with Potential for Positive Turnaround
INTC, or Intel Corporation, is a leading company in the semiconductor industry. On September 15, 2023, the stock opened at $38.40, slightly lower than the previous day’s closing price of $38.67. Throughout the day, the stock’s price fluctuated within a range of $37.64 to $38.52. The trading volume for the day was 1,151,573 shares, which is significantly lower than the average volume of 41,686,868 shares over the past three months.
The market capitalization of INTC stands at $159.2 billion. However, the earnings growth for INTC has been negative in recent years. In the last year, the company experienced a decline of 60.15% in earnings growth, and this year’s earnings growth is even worse at -78.24%. Despite these negative figures, analysts predict a positive turnaround in the next five years, with an expected earnings growth of 5.00%.
The revenue growth for INTC in the previous year was -20.21%. The negative earnings and revenue growth may have contributed to the company’s Price/Earnings (P/E) ratio being not meaningful (NM). The Price/Sales ratio is 1.73, suggesting that the stock may be undervalued in relation to its sales. The Price/Book ratio is 1.55.
On September 15, 2023, INTC’s stock performance was not exceptional compared to its competitors in the industry. Advanced Micro Devices (AMD) experienced a decrease of 4.22% in its stock price, Texas Instruments (TXN) saw a decline of 1.75%, Applied Materials (AMAT) dropped by 4.68%, and Analog Devices Inc (ADI) had a decrease of 0.98%.
INTC is expected to report its next earnings on October 26, 2023. Analysts forecast an earnings per share (EPS) of $0.15 for this quarter. The company’s annual revenue for the previous year was $63.1 billion, with a net profit of $8.0 billion. The net profit margin stands at 12.71%.
INTC operates in the electronic technology sector and is specifically involved in the semiconductor industry. The company’s corporate headquarters are located in Santa Clara, California. However, no executives were displayed in the provided information.
In conclusion, INTC’s stock performance on September 15, 2023, was relatively stable with a slight decrease in the stock price. The company has experienced negative earnings and revenue growth in recent years, but there are expectations for a positive turnaround in the next five years. Investors should closely monitor the company’s financial performance and industry trends to make informed investment decisions.
Intel Corp (INTC) Stock Analysis: Stable Performance and Future Prospects
On September 15, 2023, Intel Corp (INTC) had a median target price of $37.00, according to 35 analysts offering 12-month price forecasts. The high estimate was $65.00, while the low estimate was $17.00. This median estimate represented a -2.04% decrease from the last price of $37.77.
The consensus among 44 polled investment analysts was to hold stock in Intel Corp, and this rating had remained steady since July.
In terms of financials, Intel Corp reported earnings per share of $0.15 and sales of $13.2 billion for the current quarter. The company’s next reporting date was scheduled for October 26.
Based on the provided information, it seems that Intel Corp’s stock performance on September 15, 2023, was relatively stable. The median target price indicated a slight decrease from the last price, but overall, analysts were not recommending any drastic actions regarding the stock. Investors may want to closely monitor the company’s upcoming earnings report to gain further insights into its financial health and future prospects.