Securities of information technology companies are among the most reliable and promising assets for investment. Intel shares are now considered a suitable option for investors who are focused on long-term investment strategies. Before you start trading, study analysts' forecasts and keep an eye on the movement of quotations.
Intel Corp. - Intel Corp. is an American technology company that produces components for computers. The corporation is considered the largest supplier of semiconductor chips in the world. The company was founded in 1968 by Gordon E. Moore and Robert Noyce.
The IPO of the microprocessor manufacturer was held in 1971. At that time, shares of INTC were available to investors at $23.5. Now the company's securities are traded on the world stock exchanges. You can also buy this asset through a broker.
Intel is a developer of microprocessors x86 series. Produced by the corporation components are used in the manufacture of computer equipment like Apple, HP, Dell, and other well-known companies. Intel software was used to improve the performance of Linux and Windows operating systems. In addition, the company is engaged in the production of solid-state drives, product development in the field of artificial intelligence, and cross-platform software optimization.
In 2011, the company introduced the first mobile Pentium processor based on the Sandy Bridge core. At that time, the use of Sandy Bridge chips allowed Intel to increase the share of its microprocessors in the global market to more than 81%.
As of May 17, 2022, Intel's stock was trading at $43. Analysts at Finam investment holding company suggest that the value of the company's securities could reach $53.11 by the end of this year. The growth of quotations is slowing down under the influence of different factors. In 2022 the pressure on the shares is caused by inflation, the tense geopolitical situation in the world, and growth of interest rates.
The manufacturer of computer components plans to reduce its carbon footprint as much as possible in the next decade. To achieve this goal by 2030. Intel wants to completely switch to energy from renewable sources. The company is ready to allocate $300 million for this.
In late April, Intel presented its financial report for the first quarter of 2022. The company noted that year-over-year revenue was down 1% (to $18.35 billion). The Client Computing Group division reported a 13% decline in revenue in the first quarter of 2022. Intel's Datacenter and AI and Edge segments grew 22% and 23%, respectively. The company's net income reached $3.6 billion, which amounted to $0.87 per Intel share.
Intel executives said that the company's main target for the first quarter of 2022 is the implementation of its IDM 2.0 strategy. The microelectronics maker also provided a forecast on key financial indicators for the current year. Thus, the corporation expects revenue of $76 billion. INTC's adjusted earnings per share, according to the company's forecast, may reach $3.6.
In March 2020, INTC stock was trading at $54. After the coronavirus pandemic began, the stock was trading above $60 in May 2020 and March 2021.
To trade INTC Stock, log into your personal DotBig account and fund your trading account.
During the year (May 2021 to May 2022), Intel stock went from $56 to $43.
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Vimeo, Gartner, and InterDigItal are also in the investment technology industry
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