Intel (INTC) Stock Forecast, Price & News

31 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Intel in the last twelve months. There are currently 7 sell ratings, 19 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" INTC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in INTC, but not buy additional shares or sell existing shares.
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31 brokers have issued twelve-month target prices for Intel's shares. Their INTC share price forecasts range from $17.00 to $45.00. On average, they anticipate the company's stock price to reach $30.17 in the next twelve months. This suggests a possible upside of 1.0% from the stock's current price.
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Intel's stock was trading at $26.43 at the start of the year. Since then, INTC shares have increased by 13.0% and is now trading at $29.86.
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Intel saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 67,740,000 shares, an increase of 19.3% from the April 30th total of 56,790,000 shares. Based on an average daily volume of 43,480,000 shares, the days-to-cover ratio is presently 1.6 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our INTC earnings forecast.

Intel Co. (NASDAQ:INTC) announced its quarterly earnings results on Thursday, April, 27th. The chip maker reported ($0.04) earnings per share for the quarter, beating analysts' consensus estimates of ($0.16) by $0.12. The chip maker earned $11.72 billion during the quarter, compared to analysts' expectations of $11.13 billion. Intel had a negative net margin of 5.06% and a positive trailing twelve-month return on equity of 3.06%. The company's revenue for the quarter was down 36.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.87 EPS.
Read the conference call transcript.

Intel announced a quarterly dividend on Wednesday, February 22nd. Investors of record on Sunday, May 7th will be given a dividend of $0.125 per share on Thursday, June 1st. This represents a $0.50 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend is Thursday, May 4th.
Read our dividend analysis for INTC.

ETFs with the largest weight of Intel (NASDAQ:INTC) stock in their portfolio include First Trust Nasdaq Semiconductor ETF (FTXL), First Trust NASDAQ Technology Dividend Index Fund (TDIV), Strive U.S. Semiconductor ETF (SHOC), Invesco S&P Ultra Dividend Revenue ETF (RDIV), Pacer Data and Digital Revolution ETF (TRFK), iShares Semiconductor ETF (SOXX), iShares MSCI USA Value Factor ETF (VLUE) and VanEck Semiconductor ETF (SMH).

Intel (NASDAQ:INTC) pays an annual dividend of $0.50 per share and currently has a dividend yield of 1.60%.
Read our dividend analysis for INTC.

Intel issued an update on its second quarter 2023 earnings guidance on Thursday, April, 27th. The company provided earnings per share guidance of -$0.04--$0.04 for the period, compared to the consensus earnings per share estimate of $0.01. The company issued revenue guidance of $11.50 billion-$12.50 billion, compared to the consensus revenue estimate of $11.75 billion.

1,609 employees have rated Intel Chief Executive Officer Bob Swan on Glassdoor.com. Bob Swan has an approval rating of 85% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Intel investors own include NVIDIA (NVDA), Cisco Systems (CSCO), AT&T (T), Micron Technology (MU), Walt Disney (DIS), Bank of America (BAC), JPMorgan Chase & Co. (JPM), Advanced Micro Devices (AMD), Alibaba Group (BABA) and Johnson & Johnson (JNJ).

Intel trades on the NASDAQ under the ticker symbol "INTC."

Intel's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include State Street Corp (4.30%), Geode Capital Management LLC (1.98%), Bank of New York Mellon Corp (0.87%), Dimensional Fund Advisors LP (0.66%), Charles Schwab Investment Management Inc. (0.65%) and Arrowstreet Capital Limited Partnership (0.51%). Insiders that own company stock include David Zinsner, Dion J Weisler, Frank D Yeary, George S Davis, Gregory M Bryant, Kevin Thomas Mcbride, Lip Bu Tan, Navin Shenoy, Omar Ishrak, Patrick P Gelsinger, Robert Holmes Swan and Steven Ralph Rodgers.
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Shares of INTC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of INTC stock can currently be purchased for approximately $29.86.

Intel (NASDAQ:INTC) has a market capitalization of $124.55 billion and generates $63.05 billion in revenue each year. The chip maker earns $8.01 billion in net income (profit) each year or ($0.68) on an earnings per share basis.

The company employs 131,900 workers across the globe.

Intel's mailing address is 2200 MISSION COLLEGE BLVD, SANTA CLARA CA, 95054. The official website for the company is www.intel.com. The chip maker can be reached via phone at (408) 765-8080, via email at investor.relations@intel.com, or via fax at 408-765-9904.