Are Intel (INTC) Shares Worth Another Look?

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Intel INTC shares have largely been disappointing in 2024, unable to fully join the semiconductor trade and down more than 50%. Quarterly results have added fuel to the fire sale, with the stock ...

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Quarterly results have added fuel to the fire sale, with the stock ...</p>\n\n<a href=\"https://finance.yahoo.com/news/intel-intc-shares-worth-another-141500644.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0048584097.USD","symbol_name":"FIDELITY FUNDS  GLOBAL THEMATIC OPPORTUNITIES \"A\" (USD) INC","start_time":0,"source_url":"https://finance.yahoo.com/news/intel-intc-shares-worth-another-141500644.html","article_id":"2474901506","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/5URc08iHaPcZrA40edOw3Q--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/fbf2b6303b3e14c818fc711f8e83ba7a"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2474901506","pubTimestamp":1728656100,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Intel INTC shares have largely been disappointing in 2024, unable to fully join the semiconductor trade and down more than 50%. Quarterly results have added fuel to the fire sale, with the stock unable to find any meaningful traction post-earnings.Below is a chart illustrating the YTD performance of Intel shares relative to the S&P 500, with its quarterly releases illustrated by the circled arrows.Given the steep decline from highs, could it finally be time to go on the offensive and pick up some shares?Currently, Intel carries a Zacks Rank #4 , indicating bearish earnings estimate revisions from analysts. Expectations for its current fiscal year have been notably negative, with the $0.27 Zacks Consensus EPS estimate down 85% over the last year.The negative revisions, caused by unfavorable quarterly results, bode poorly for near-term share performance.Want the latest recommendations from Zacks Investment Research?Today, you can download 7 Best Stocks for the Next 30 Days. Click to get ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0048584097.USD":"FIDELITY FUNDS  GLOBAL THEMATIC OPPORTUNITIES \"A\" (USD) INC","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","BK4567":"ESG概念","IE00BJLML261.HKD":"HSBC GLOBAL EQUITY INDEX \"HCH\" (HKD) ACC","LU0321505868.SGD":"Schroder ISF Global Dividend Maximiser A Dis SGD","BK4527":"明星科技股","BK4543":"AI","IE00BYXW3230.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"AA\" (USD) ACC","LU0321505439.SGD":"Schroder ISF Global Dividend Maximiser A Acc SGD","BK4579":"人工智能","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","LU0081259029.USD":"UBS (LUX) EQUITY FUND - TECH OPPORTUNITY \"P\" (USD) ACC","BK4550":"红杉资本持仓","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","IE00B775H168.HKD":"JANUS HENDERSON BALANCED \"A5M\" (HKD) INC","IE00B5949003.HKD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A\" (HKD) ACC","BK4551":"寇图资本持仓","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","IE00B19Z8X17.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH  \"AG\" (USD) ACC","BK4581":"高盛持仓","INTC":"英特尔","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","IE00B3M56506.USD":"NEUBERGER BERMAN EMERGING MARKETS EQUITY \"A\" (USD) ACC","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","BK4549":"软银资本持仓","IE00B19Z8W00.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH \"A\" INC","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","BK4554":"元宇宙及AR概念","BK4515":"5G概念","BK4592":"伊斯兰概念","BK4532":"文艺复兴科技持仓","3NVD.UK":"LS 3X NVIDIA","IE0004086264.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"A\" (USD) ACC","L":"洛斯公司","HK0000320264.USD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (USD) ACC","IE00BN29S564.USD":"JANUS HENDERSON BALANCED \"A3\" (USD) INC","IE0034235295.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"A\" (USD) ACC","HK0000306685.HKD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (HKD) INC","IE0004091025.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"B\" (USD) ACC","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","IE00BHPRN162.USD":"BNY MELLON BLOCKCHAIN INNOVATION \"B\" (USD) ACC","2NVD.UK":"2X NVIDIA ETP","BK4575":"芯片概念","NVDA":"英伟达","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","BK4587":"ChatGPT概念"},"translate_title":"英特尔（INTC）的股票值得再看一眼吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"INTC":1,"NVDA":0.7,"L":0.6,"3NVD.UK":0.6,"2NVD.UK":0.6},"content_text":"Intel INTC shares have largely been disappointing in 2024, unable to fully join the semiconductor trade and down more than 50%. Quarterly results have added fuel to the fire sale, with the stock unable to find any meaningful traction post-earnings.\nBelow is a chart illustrating the YTD performance of Intel shares relative to the S&P 500, with its quarterly releases illustrated by the circled arrows.\nImage Source: Zacks Investment Research\nGiven the steep decline from highs, could it finally be time to go on the offensive and pick up some shares? Let’s take a closer look.\nIntel Maintains Bearish Outlook\nCurrently, Intel carries a Zacks Rank #4 (Sell), indicating bearish earnings estimate revisions from analysts. Expectations for its current fiscal year have been notably negative, with the $0.27 Zacks Consensus EPS estimate down 85% over the last year.\nThe negative revisions, caused by unfavorable quarterly results, bode poorly for near-term share performance.  \nImage Source: Zacks Investment Research\nStill, it’s worth noting that CEO Pat Gelsinger remains confident, buying 12.5k shares at a total transaction value of roughly $250k in early August following the latest quarterly print. He noted that second-half trends are more challenging than anticipated but still expects the company to restrengthen its position in the market.\nCost-cutting measures have also been a huge focus for the company over recent periods after margin pressures, as we can see in the chart below. In fact, Intel announced a $10 billion cost-savings target earlier in August.\nPlease note that the chart below is on a trailing twelve-month basis.\nImage Source: Zacks Investment Research\nAre Intel Shares a Buy?\nInvestors should stay on the sidelines until positive earnings estimate revisions roll in, which would signal a meaningful change in sentiment. Earnings expectations for its upcoming release expected on October 24th have already been slashed, with the company now expected to post a loss of -$0.03 per share.\nImage Source: Zacks Investment Research\nStay up-to-date with all quarterly releases: See Zacks Earnings Calendar.\nIt’s worth noting that INTC shares have been red-hot over the last month, gaining nearly 20%. While the positive price action has been inspiring, the bulk of the move has likely been fueled by a short squeeze following rumors of buyouts.  \nFor those seeking semiconductor exposure, there are many more positive stories, a list that obviously includes beloved AI-favorite Nvidia NVDA. Nvidia currently sports a Zacks Rank #2 (Buy), with its earnings outlook shifting higher across the board following unbelievable quarterly results.\nAnd concerning the top line, Nvidia’s sales are forecasted to more than double in its current fiscal year.\nImage Source: Zacks Investment Research\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nIntel Corporation (INTC) : Free Stock Analysis Report\nNVIDIA Corporation (NVDA) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2474901506"}