Research Analysts Offer Predictions for Intel Co.’s FY2024 Earnings (NASDAQ:INTC)

Intel Co. (NASDAQ:INTCFree Report) – Investment analysts at Zacks Research increased their FY2024 earnings per share estimates for Intel in a report issued on Wednesday, May 29th. Zacks Research analyst R. Department now forecasts that the chip maker will earn $0.08 per share for the year, up from their previous estimate of $0.07. The consensus estimate for Intel’s current full-year earnings is $0.09 per share. Zacks Research also issued estimates for Intel’s Q1 2025 earnings at $0.03 EPS, Q2 2025 earnings at $0.08 EPS, Q3 2025 earnings at $0.18 EPS, Q4 2025 earnings at $0.31 EPS, FY2025 earnings at $0.60 EPS, Q1 2026 earnings at $0.14 EPS and FY2026 earnings at $1.11 EPS.

Other equities analysts have also issued research reports about the company. Truist Financial cut their target price on Intel from $45.00 to $33.00 and set a “hold” rating on the stock in a research note on Friday, April 26th. Cantor Fitzgerald reissued a “neutral” rating and issued a $50.00 target price on shares of Intel in a research report on Wednesday, April 3rd. TD Cowen dropped their target price on Intel from $42.00 to $35.00 and set a “hold” rating on the stock in a research report on Friday, April 26th. Needham & Company LLC restated a “hold” rating on shares of Intel in a research note on Friday, April 26th. Finally, Rosenblatt Securities restated a “sell” rating and issued a $17.00 price target on shares of Intel in a research note on Friday, April 26th. Four analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Intel presently has an average rating of “Hold” and a consensus price target of $39.58.

Check Out Our Latest Stock Report on INTC

Intel Price Performance

Intel stock opened at $30.85 on Monday. The business’s 50-day simple moving average is $34.57 and its 200 day simple moving average is $41.28. The stock has a market cap of $131.33 billion, a price-to-earnings ratio of 32.14, a P/E/G ratio of 14.83 and a beta of 1.09. Intel has a 12-month low of $29.00 and a 12-month high of $51.28. The company has a quick ratio of 1.14, a current ratio of 1.57 and a debt-to-equity ratio of 0.43.

Intel (NASDAQ:INTCGet Free Report) last posted its quarterly earnings results on Thursday, April 25th. The chip maker reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.03). The firm had revenue of $12.72 billion during the quarter, compared to the consensus estimate of $12.76 billion. Intel had a net margin of 7.36% and a return on equity of 2.19%.

Intel Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th were issued a dividend of $0.125 per share. The ex-dividend date was Monday, May 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.62%. Intel’s dividend payout ratio (DPR) is currently 52.08%.

Insider Transactions at Intel

In other news, CEO Patrick P. Gelsinger acquired 4,100 shares of Intel stock in a transaction that occurred on Wednesday, May 1st. The shares were acquired at an average price of $30.29 per share, for a total transaction of $124,189.00. Following the transaction, the chief executive officer now directly owns 39,375 shares of the company’s stock, valued at approximately $1,192,668.75. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Patrick P. Gelsinger purchased 4,000 shares of Intel stock in a transaction on Monday, April 29th. The shares were purchased at an average price of $31.42 per share, for a total transaction of $125,680.00. Following the transaction, the chief executive officer now owns 35,275 shares of the company’s stock, valued at approximately $1,108,340.50. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Patrick P. Gelsinger purchased 4,100 shares of Intel stock in a transaction on Wednesday, May 1st. The stock was bought at an average price of $30.29 per share, for a total transaction of $124,189.00. Following the transaction, the chief executive officer now directly owns 39,375 shares in the company, valued at approximately $1,192,668.75. The disclosure for this purchase can be found here. 0.04% of the stock is owned by insiders.

Institutional Investors Weigh In On Intel

A number of institutional investors have recently made changes to their positions in INTC. Jump Financial LLC bought a new stake in shares of Intel during the 3rd quarter valued at about $411,000. Western Wealth Management LLC boosted its position in shares of Intel by 1.4% during the 3rd quarter. Western Wealth Management LLC now owns 32,788 shares of the chip maker’s stock valued at $1,166,000 after purchasing an additional 466 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new stake in shares of Intel during the 3rd quarter valued at about $39,112,000. First Command Advisory Services Inc. bought a new stake in shares of Intel during the 3rd quarter valued at about $404,000. Finally, NewEdge Wealth LLC boosted its position in shares of Intel by 61.5% during the 3rd quarter. NewEdge Wealth LLC now owns 21,445 shares of the chip maker’s stock valued at $762,000 after purchasing an additional 8,168 shares in the last quarter. Institutional investors own 64.53% of the company’s stock.

About Intel

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Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.

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Earnings History and Estimates for Intel (NASDAQ:INTC)

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