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Intel Corporation (INTC)

NasdaqGS - NasdaqGS Real-time price. Currency in USD
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48.56-0.63 (-1.28%)
At close: 4:00PM EDT

48.69 +0.13 (0.27%)
After hours: 7:59PM EDT

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Trade prices are not sourced from all markets
Previous close49.19
Open49.26
Bid48.68 x 1000
Ask48.70 x 3200
Day's range48.38 - 49.33
52-week range43.63 - 69.29
Volume24,774,512
Avg. volume29,640,562
Market cap206.526B
Beta (5Y monthly)0.69
PE ratio (TTM)8.92
EPS (TTM)N/A
Earnings dateN/A
Forward dividend & yield1.32 (2.68%)
Ex-dividend date06 Aug 2020
1y target estN/A
  • Applied Materials Gives Bullish Forecast on Rising Orders
    Bloomberg

    Applied Materials Gives Bullish Forecast on Rising Orders

    (Bloomberg) -- Applied Materials Inc. gave a bullish forecast for the current period on increasing orders for equipment used by makers of computer chips.The Santa Clara, California-based company is the largest maker of machinery used to manufacture chips, the most important parts of the electronics supply chain. Its customers include Samsung Electronics Co., Taiwan Semiconductor Manufacturing Co. and Intel Corp. Chip equipment takes months to make and even longer to install and test in production lines that cost billions of dollars, which makes Applied Materials’ results and forecasts important early indicators of future demand in the electronics industry.Key InsightsRevenue in the fiscal fourth quarter will be about $4.6 billion, the company said Thursday in a statement. Analysts, on average, estimated $4.36 billion, according to data compiled by Bloomberg.Profit, on an adjusted basis, will be $1.11 to $1.23 per share in the three-month period ending in October, Applied Materials said. That compares with an average estimate of $1.02.Fiscal third-quarter net income was $841 million, or 91 cents a share, compared with $571 million, or 61 cents a share, a year earlier, the company said. Revenue gained 23% to $4.4 billion in the period ended July 26. Analysts were looking for $4.18 billion.Adjusted profit was $1.06 a share in the quarter compared with analysts’ average estimate of 95 cents.Executive CommentsThe company is projecting spending on chip-making equipment will rise this year and that growth will continue next year.“Semiconductor equipment demand is strengthening,” Chief Executive Officer Gary Dickerson said on a conference call with analysts. “Based on what we’re hearing from our customers we believe growth will be sustained in 2021.”Applied Materials is operating at pre-Covid levels of productivity, he said.The company can raise its profitability to previous historical highs over time, Chief Financial Officer Dan Durn, told analysts.Stock ReactionShares gained about 3.3% in extended trading. The stock closed at $65.07 in New York, leaving it up 6.6% this year.More InformationFor more details, click here.To see the statement, click here.(Updates executive comment section, share price move)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Intel Announces New Production Method That Could Improve Chip Performance by 20%
    Motley Fool

    Intel Announces New Production Method That Could Improve Chip Performance by 20%

    The company's chief architect claims this will be the largest intra-node performance leap in its history.

  • Why AMD Stock Surged Today
    Motley Fool

    Why AMD Stock Surged Today

    What happened Shares of Advanced Micro Devices (NASDAQ: AMD) jumped 7.5% on Wednesday, as a broad rise in tech stocks helped drive the Nasdaq Composite index sharply higher.   So what  AMD's gains come after bullish analyst remarks earlier this week.