What's Going On With Intel (INTC) Stock?

Intel Corporation +0.02%

Intel Corporation




Intel Corporation (NASDAQ:INTC) shares have seen a 5.5% increase over the five trading sessions, reaching $35.56, with no significant change in their price on Monday. The stock is trading higher in recent sessions after the company last week eported better-than-expected fourth-quarter results and issued strong guidance.

Shares of several chip stocks are otherwise trading lower during Monday's session following ON Semiconductor Corp's third-quarter results.

What Happened With Intel?

Intel's fourth-quarter earnings per share of 41 cents exceeded expectations (22 cents), and revenue of $14.2 billion beat estimates ($13.532 billion), despite an 8% YoY revenue drop. Success was attributed to strong operating leverage and expense control.

Intel's Mobileye business unit meanwhile reported $530 million in fourth-quarter revenue, up 18% from the previous year...Read More

Why This Matters To INTC Investors

The issuance of strong guidance by Intel is a positive signal to investors. It indicates that the company is optimistic about its future prospects, which can translate into higher expected revenues and earnings in the coming quarters.

Positive guidance can attract more investors to the stock.

The performance of Intel's Mobileye business unit is also noteworthy. A revenue increase of 18% year over year shows growth in a specific segment of Intel's business, which can be a promising sign for investors.

Diversification within the company's portfolio can mitigate risk and create opportunities for future growth.

According to data from Benzinga Pro, INTC has a 52-week high of $40.07 and a 52-week low of $24.73.

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