Key Takeaways
- Intel is group to study fourth-quarter results aft nan marketplace closes Thursday.
- Nearly each nan analysts pursuing Intel who are tracked by Visible Alpha person a "hold" standing for nan banal and nan statement value target implies immoderate upside.
- Intel has been nan taxable of caller takeover rumors aft an anonymously originated study connected specified a bid was published by a exertion news tract earlier this month.
Intel (INTC) is expected to study fourth-quarter results aft nan marketplace closes Thursday, pinch analysts expecting nan chipmaker to plaything to a loss.
Of nan 13 analysts covering nan banal who are tracked by Visible Alpha, 12 person issued “hold” aliases balanced ratings, pinch 1 giving nan banal a “sell” rating. Their statement value target of astir $24 would propose a 15% upside from Monday’s closing value of $20.29.
The chipmaker is expected to study fourth-quarter gross of $13.8 billion, down 10% year-over-year, and a nett nonaccomplishment of $710 million, aliases 14 cents per share, compared pinch net of $2.66 billion, aliases 63 cents per share, a twelvemonth ago.
Analysts Speculate Broadcom Might Buy Intel
The results travel arsenic Intel has been nan taxable of caller takeover speculation, based connected an anonymously originated study from tech news tract SemiAccurate earlier this month. Citi analysts said astatine nan clip they spot Broadcom (AVGO) arsenic “the astir apt company” to beryllium willing successful buying Intel, adding that nan rival chipmaker mightiness waste Intel's struggling foundry business. Additionally, nan fourth-quarter results will beryllium nan company's first since Intel Chief Executive Officer (CEO) Pat Gelsinger stepped down past month.
Intel's marketplace capitalization presently is much than $87 billion, but nan banal has mislaid much than half its worth complete nan past 12 months. Shares of nan institution vanished disconnected much than 2.5% successful Monday trading.