Intel stock is down 22% from its year-high
Intel Corporation (NASDAQ: INTC) is an American technology company and the largest in the world Manufacturer of semiconductor chips. INTC supplies microprocessors for computer system manufacturers such as Lenovo, HP (HPQ) and Dell (DELL). Intel also makes motherboard chipsets, network interface controllers and integrated circuits, flash memories, graphics chips, embedded processors, and other devices related to communications and computers. This morning the stock was last up 0.2% to $ 53.20.
On July 28, Intel announced that starting July 31, the company’s semiconductor chip experts will attend panel discussions remotely and in person in Las Vegas, NV at the Black Hat USA 2021, DEF CON 29, and BSides events. The tech giant is also less than a week away from its second quarter results, which saw a bottom line hit, sales in line with estimates and disappointing sales guidance for 2021.
Intel stock is up about 7% year-over-year and 22% since hitting a 52-week low of $ 43.61 in October. In addition, INTC shares have appreciated 6.5% in value since the start of the year. However, Intel stock is down 22% from its annual high of $ 68.49 in April. Additionally, INTC offers a forward dividend of $ 1.39 and a dividend yield of 2.61%.
Intel has shown strong performance in all of its quarterly financial reports over the past year. INTC has exceeded or exceeded earnings expectations in all four of its most recent earnings reports published. From a fundamental perspective, Intel stock is an excellent long-term investment given its valuation and dividend yield. Intel stock has a price-to-earnings ratio of 11.79, which is incredibly low considering INTC is one of the few to have a market capitalization of over $ 200 billion.
INTC has maintained fairly constant growth over the past few years, increasing sales by 24% and earnings by 117% since 2017. However, the semiconductor company’s earnings declined somewhat due to an increase in pandemic-related spending. All of this dynamic makes INTC an intriguing turnaround game to consider.