Latest news with #LipBuTan
Yahoo
5 hours ago
- Business
- Yahoo
Intel (INTC) Price Target Raised Ahead of Lip Bu Tan's First Full-Quarter Earnings Report
Intel Corporation (NASDAQ:INTC) is one of the . On July 21, Stifel analyst Ruben Roy raised the price target on the stock to $24.50 (from $21.00) while maintaining a Hold rating. The raised price target comes ahead of Intel's earnings report due on Thursday. According to the firm, the earnings report will represent Lip Bu Tan's second earnings call and his full-quarter results as the CEO. Stifel is of the view that investors will largely be focused on longer-term commentary regarding 18A production, 14A ramp, and portfolio restructuring efforts. This includes divestiture of non-core functions and investments in AI-centric hardware and software offerings. Intel's results are anticipated to align with consensus estimates, which are an estimated $12.0 billion in revenue, 36.2% adjusted gross margin, and $0.01 adjusted earnings per share. A successful CEO in a modern office with a sweeping view of the financial district. While the firm is optimistic about the second half of 2026 and the first half of 2027, believing it to be the 'window of material inflection,' it is only if things go as planned. The firm therefore maintains a hold rating until it sees catalysts materializing. Intel Corporation (NASDAQ:INTC) designs and sells computing hardware, semiconductor products, and AI-driven solutions for various industries. While we acknowledge the potential of INTC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16 hours ago
- Business
- Yahoo
Intel (INTC) Price Target Raised Ahead of Lip Bu Tan's First Full-Quarter Earnings Report
Intel Corporation (NASDAQ:INTC) is one of the . On July 21, Stifel analyst Ruben Roy raised the price target on the stock to $24.50 (from $21.00) while maintaining a Hold rating. The raised price target comes ahead of Intel's earnings report due on Thursday. According to the firm, the earnings report will represent Lip Bu Tan's second earnings call and his full-quarter results as the CEO. Stifel is of the view that investors will largely be focused on longer-term commentary regarding 18A production, 14A ramp, and portfolio restructuring efforts. This includes divestiture of non-core functions and investments in AI-centric hardware and software offerings. Intel's results are anticipated to align with consensus estimates, which are an estimated $12.0 billion in revenue, 36.2% adjusted gross margin, and $0.01 adjusted earnings per share. A successful CEO in a modern office with a sweeping view of the financial district. While the firm is optimistic about the second half of 2026 and the first half of 2027, believing it to be the 'window of material inflection,' it is only if things go as planned. The firm therefore maintains a hold rating until it sees catalysts materializing. Intel Corporation (NASDAQ:INTC) designs and sells computing hardware, semiconductor products, and AI-driven solutions for various industries. While we acknowledge the potential of INTC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
Watch These Intel Price Levels as Chipmaker Set to Report Earnings This Week
Key Takeaways Intel shares will be in the spotlight this week as the embattled chipmaker gets set to release its second-quarter results on Thursday. The stock has recently retraced toward the lower trendline of an ascending channel on declining trading volume, indicating apprehension ahead of the earnings report. Investors should watch crucial support levels on Intel's chart around $22 and $19, while also monitoring resistance levels near $26 and $ (INTC) Intel shares will be in the spotlight this week as the embattled chipmaker gets set to release its second-quarter results on Thursday. Investors will be looking for updates about the company's foundry business after reports surfaced earlier this month that recently installed CEO Lip-Bu Tan is considering a shift in the company's contract chipmaking business. The possible changes could lead Intel to write off hundreds of millions or even billions of dollars' worth of chipmaking technology as a loss, according to reports. Intel shares have gained 20% since last month's low and trade 15% higher since the start of the year as of Friday's close, boosted by hopes that the chipmaker can navigate a successful turnaround under Tan's leadership after months of deal speculation and strategic restructuring. Below, we take a closer look at Intel's chart and use technical analysis to identify crucial price levels worth watching out for ahead of the quarterly report. Ascending Channel in Focus After attracting buying interest around the floor of a multi-month trading range, Intel shares have trended higher within an ascending channel. More recently, the stock has retraced toward the pattern's lower trendline on declining trading volume, indicating apprehension ahead of the highly anticipated earnings report. However, in a win for the bulls, the relative strength index remains above neutral territory, signaling positive price momentum. Let's identify crucial support and resistance levels on Intel's chart that investors will likely be watching. Crucial Support Levels to Watch A breakdown below the ascending channel's lower trendline could see the shares initially test support around $22. This area, currently just above the closely watched 200-day moving average, may attract buyers near a horizontal line that stretches back to the stock's notable gap lower last August. Selling below this level opens the door for a retest of lower support at $19. Investors could view this region as a high probability buying area near a trendline that connects multiple troughs on the chart between August and June and marks the floor of the stock's multi-month trading range. Resistance Levels to Monitor A breakout above the ascending channel's upper trendline could see the price climb to overhead resistance around $26. The shares may run into selling pressure in this location near three prominent peaks that developed on the chart between November and March. Finally, a more bullish move in Intel shares could propel a rally toward $30. Investors who bought at lower prices may decide to lock in profits at this level near the psychological round number and a period of sideways drift that preceded last August's stock gap lower. The comments, opinions, and analyses expressed on Investopedia are for informational purposes only. Read our warranty and liability disclaimer for more info. As of the date this article was written, the author does not own any of the above securities. Read the original article on Investopedia
Yahoo
3 days ago
- Business
- Yahoo
What Analysts Think of Intel Stock Ahead of Earnings
Key Takeaways Intel is expected to report second-quarter results after the closing bell Thursday. All 11 analysts covering Intel who are tracked by Visible Alpha have a "hold" rating for the stock. Intel's foundry division is in focus as the chipmaker's new CEO is reportedly considering a manufacturing change that could lead to billions in technology cost is scheduled to report second-quarter results after Thursday's close, with analysts parked in neutral and questions about what's next for the chip maker's foundry. All 11 analysts covering Intel (INTC) have a "hold" rating for the stock. Their consensus price target near $22 implies a slight pullback from Friday's close just over $23. Intel's foundry division is a focus of investor attention. New CEO Lip-Bu Tan reportedly is considering a shift in the manufacturer's contract chipmaking business that could lead to Intel writing off hundreds of millions or even billions of dollars' worth of chipmaking technology as a loss. A change could move the division to change its manufacturing process in a bid to win big customers like Nvidia (NVDA) and Apple (AAPL). UBS analysts said recently that the move "may represent the first step in a hard pivot away from foundry and towards the product business, which we think may prove strategically sound but operationally challenging." "We have indicated 'light' at the end of the tunnel, but it is a long tunnel and we remain on the sidelines," UBS said. Analysts See Intel Revenue, Net Income Declining UBS raised its price target to $25 from $21. Wedbush Securities, meanwhile, maintained a price target of $19, while HSBC kept a target of $22. All three analysts have neutral ratings for Intel Street on average expects Intel to report quarterly revenue of $11.93 billion, down 7% year-over-year, and adjusted net income of $74.5 million, or 2 cents per share, compared with $83 million, or 2 cents per share, a year earlier. Revenue from the foundry division is expected to have fallen 7% to $3.98 billion. Intel has reportedly started laying off thousands of workers in Oregon as part of previously announced cuts under its restructuring plan. Read the original article on Investopedia Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
Intel Lay Offs Begin, Up to 20% of Its Factory Workforce May Be Cut
UPDATE (7/17): After multiple reports suggested Intel could lay off up to 20% of its staff, we're now seeing signs that the plan is in motion. According to The Register, recent additions to the Worker Adjustment and Retraining Notification (WARN) notices show that nearly 2,000 workers have been laid off from Folsom and Santa Clara units in California, 2,500 workers have been let go from Hillsboro and Aloha in Oregon, and nearly 700 workers have been laid off from Arizona. Texas employees have also been warned about possible layoffs, the report adds. Even in Israel, hundreds of jobs are expected to be eliminated. Original Story (6/17): Intel laid off 15,000 workers last year and is preparing for another round of cuts next month, OregonLive reports, citing an internal memo. Intel Foundry head Naga Chandrasekaran informed employees about the job cuts on Saturday. Approximately 15-20% of the company's factory workers are expected to be laid off in an effort to address its deteriorating financials. "These are difficult actions, but essential to meet our affordability challenges and the current financial position of the company. It drives pain to every individual," Chandrasekaran reportedly wrote in the memo. Intel posted flat year-on-year results in its April earnings call amid stiff competition from Nvidia and AMD. New CEO Lip-Bu Tan took charge earlier that month, and rumors about a major restructuring surfaced around the same time. Although the earlier report suggested 20% job cuts across all of Intel, the new one hints at 15-20% of the factory workforce. The chipmaker had 108,900 employees at the end of 2024. As Tom's Hardware notes, if around half of them work in factories, around 8,000 to 11,000 could lose their jobs next month. This year's job cuts may not provide employees with the buyouts that accompanied last year's, OregonLive adds. When we reached out to Intel for comment, a company spokesperson confirmed a layoff was in the works but didn't provide any specifics. "As we announced earlier this year, we are taking steps to become a leaner, faster, and more efficient company. Removing organizational complexity and empowering our engineers will enable us to better serve the needs of our customers and strengthen our execution," an Intel spokesperson tells PCMag. "We are making these decisions based on careful consideration of what's needed to position our business for the future, and we will treat people with care and respect as we complete this important work," they added.
