Date | Price Target | Rating | Analyst |
---|---|---|---|
8/8/2024 | $36.00 → $22.00 | Outperform → Neutral | Mizuho |
8/6/2024 | Buy → Hold | Argus | |
8/2/2024 | Buy → Neutral | New Street | |
8/2/2024 | $35.00 → $25.00 | Hold | TD Cowen |
8/2/2024 | Buy → Hold | The Benchmark Company | |
8/2/2024 | Outperform → Mkt Perform | Raymond James | |
8/2/2024 | Hold → Reduce | HSBC Securities | |
8/2/2024 | $35.00 → $23.00 | Neutral → Underperform | BofA Securities |
Mizuho downgraded Intel from Outperform to Neutral and set a new price target of $22.00 from $36.00 previously
Argus downgraded Intel from Buy to Hold
New Street downgraded Intel from Buy to Neutral
4 - INTEL CORP (0000050863) (Issuer)
4 - INTEL CORP (0000050863) (Issuer)
4 - INTEL CORP (0000050863) (Issuer)
NEWS SUMMARY Second-quarter revenue of $12.8 billion, down 1% year over year (YoY). Second-quarter GAAP earnings (loss) per share (EPS) attributable to Intel was $(0.38); non-GAAP EPS attributable to Intel was $0.02. Forecasting third-quarter 2024 revenue of $12.5 billion to $13.5 billion; expecting third-quarter GAAP EPS attributable to Intel of $(0.24); non-GAAP EPS attributable to Intel of $(0.03). Implementing comprehensive reduction in spending, including a more than 15% headcount reduction, to resize and refocus. Suspending dividend starting in the fourth quarter of 2024. The company reiterates its long-term commitment to a competitive dividend as cash flows improve
Revenue decreased 3% year over year to $439 million in the second quarter. Revenue increased 84% versus the first quarter of 2024 due to reduced consumption of excess inventory at Tier 1 customers compared to the first quarter. More than 110% increase in number of systems shipped as compared to the first quarter of 2024 led to significant improvement in Operating Loss and Adjusted Operating Profit. While we believe inventory of EyeQTM chips at our Tier 1 customers has almost fully normalized as of the end of the second quarter of 2024, we have reduced our expectation for second half volume and revenue, primarily due to China-related macro factors. We remain optimistic on the mediu
Mobileye Global Inc. (NASDAQ:MBLY) ("Mobileye") today announced that it will release its financial results for the second quarter 2024 on Thursday, August 1, 2024, before market open. Mobileye will host a conference call at 8:00am ET (3:00pm IT) to review its results and provide a general business update. The call will be hosted by Professor Amnon Shashua, CEO, Moran Shemesh Rojansky, CFO, Nimrod Nehushtan, EVP – Business Development and Strategy, and Dan Galves, CCO. The conference call will be accessible live via a webcast on Mobileye's investor relations site, which can be found at https://ir.mobileye.com/, and a replay of the webcast will be made available shortly after the event's co
SC 13G/A - INTEL CORP (0000050863) (Filed by)
SC 13G - INTEL CORP (0000050863) (Filed by)
SC 13G/A - INTEL CORP (0000050863) (Subject)
Advanced Micro Devices, Inc (NASDAQ:AMD) has postponed the launch of its highly anticipated Zen 5 processors, including the 16-core, 32-thread Ryzen 9 9950X, which it claims to be “the world’s most powerful desktop consumer processor.” The company discovered that some initial production units still needed to undergo the full range of quality checks, the Verge reports. The new launch dates are August 8 for the Ryzen 7 9700X and Ryzen 5 9600X and August 15 for the Ryzen 9 9950X and Ryzen 9 9900X. The new lineup includes the Ryzen 9 9950X, Ryzen 9 9900X, Ryzen 7 9700X, and Ryzen 5 9600X. Regarding recent issues faced by Intel Corp (NASDAQ:INTC) with its 13th and 14th Gen desktop pro
Intel Corp (NASDAQ:INTC) shares are trading lower by 3.1% to $31.94 Wednesday afternoon. Shares of semiconductor stocks are trading lower amid recent earnings in the sector and concerns over potential China restrictions. What’s Happening: Shares of Intel and semiconductor stocks are volatile in recent sessions. President Biden is considering further restrictions on China, while the sector feels the impact of recent earnings. Also, Donald Trump’s comments on the China-Taiwan standoff during a Bloomberg interview raised concerns about potential political and economic instability. He hints at a possible U.S. policy shift towards Taiwan, which could disrupt Intel’s semiconductor supply cha
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. Below are some instances of options activity happening in the Information Technology sector: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume TSM CALL SWEEP BEARISH 11/15/24 $175.00 $218.2K 1.3K 76.6K NVDA PUT SWEEP
N-PX - INTEL CORP (0000050863) (Filer)
8-K - INTEL CORP (0000050863) (Filer)
13F-HR - INTEL CORP (0000050863) (Filer)
4 - INTEL CORP (0000050863) (Issuer)
4 - INTEL CORP (0000050863) (Issuer)
4 - INTEL CORP (0000050863) (Issuer)
Dr. Chandrasekaran succeeds retiring Keyvan Esfarjani as chief global operations officer Intel Corporation today announced the appointment of Dr. Naga Chandrasekaran as chief global operations officer, executive vice president and general manager of Intel Foundry Manufacturing and Supply Chain organization. Chandrasekaran joins Intel from Micron, where he served as senior vice president for Technology Development. He will be a member of Intel's executive leadership team and report to CEO Pat Gelsinger. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240725556394/en/Dr. Naga Chandrasekaran has been appointed by Intel Corporation
Mobileye Global Inc. (NASDAQ:MBLY) announced today the appointment of Elaine L. Chao to the Mobileye Global Inc. Board of Directors as an independent director, effective as of June 7, 2024. "It's an honor to have former U.S. Secretary of Transportation and U.S. Secretary of Labor Elaine Chao join Mobileye's board as an independent director," said Patrick P. Gelsinger, chair of Mobileye's board of directors. "Elaine's experience in technology, transportation and business transformation will bring a wealth of knowledge to our mission of advancing road safety through advanced technology." Secretary Chao has had a distinguished career as a national and global leader in the public, private a
O'Buckley will oversee Intel's systems foundry growth strategy Intel Corporation today announced the appointment of Kevin O'Buckley as senior vice president and general manager of Foundry Services, the customer service and ecosystem operations division of Intel Foundry. O'Buckley starts today and becomes a member of Intel's executive leadership team reporting to CEO Pat Gelsinger. He succeeds Stuart Pann, who will retire from Intel after 35 years of service at the end of May and remain an adviser to support a seamless transition. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240513572065/en/Kevin O'Buckley is senior vice pres
Intel enables a new era of high-performance enterprise AI systems and solutions. NEWS HIGHLIGHTS Intel launches Xeon 6 with Performance-cores (P-cores), doubling the performance for AI and HPC workloads. New Gaudi 3 AI accelerators offer up to 20 percent more throughput and 2x price/performance vs H100 for inference of LLaMa 2 70B1. As AI continues to revolutionize industries, enterprises are increasingly in need of infrastructure that is both cost-effective and available for rapid development and deployment. To meet this demand head-on, Intel today launched Xeon 6 with Performance-cores (P-cores) and Gaudi 3 AI accelerators, bolstering the company's commitment to deliver powerful A
Collaboration to Catalyze Innovation in Artificial Intelligence (AI) and Quantum Computing, Starting with Historically Black Colleges and Universities (HBCUs) WASHINGTON, Sept. 20, 2024 /PRNewswire/ -- Flapmax, in collaboration with Intel, today announced the launch of the Quantum AI Challenge, an initiative designed to foster innovation and collaboration among Historically Black Colleges and Universities (HBCUs). The challenge invites students, faculty, and researchers to solve real-world problems using quantum computing and AI technologies. Applications open on September 20, 2024.
Intel, Dow, and Mastercard recognized for excellence in corporate disclosure Intel, Dow, and Mastercard have emerged as champions, securing top honors in the 2024 U.S. Transparency Awards unveiled today by Labrador, a leading global communications firm specializing in transparent corporate disclosure documents. The rankings are based on a rigorous evaluation of corporate disclosure documents among the top 250 companies in the S&P 5001 and recognize companies dedicated to building investor and stakeholder trust through clear, concise, and effective communication. The Transparency Awards celebrate the 10 most transparent U.S. companies, the top three leaders in 11 industries, and the best p