Why You Should Be Checking Out the Intel Stock Pullback

Analyzing the semiconductor stock's biggest selling points and potential downfalls

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Intel Corporation (NASDAQ:INTC) is an American technology company and the world's largest semiconductor chip manufacturer. INTC supplies microprocessors for computer system manufacturers such as Lenovo, HP (HPQ), and Dell (DELL). Intel also manufactures motherboard chipsets, network interface controllers and integrated circuits, flash memory, graphics chips, embedded processors and other devices related to communications and computing. This morning, the security was last seen up 0.2% at $53.20.

On July 28, Intel announced that beginning July 31, the company's semiconductor chip experts will take part in panel discussions remotely and in person in Las Vegas, NV, at Black Hat USA 2021, DEF CON 29, and BSides events. The tech giant is also less than a week off its second-quarter earnings, in which it posted an earnings beat, revenue that was in line with estimates, and a disappointing 2021 sales forecast. 

Intel stock has increased by about 7% year-over-year and 22% since bottoming at a 52-week low of $43.61 in October. Additionally, shares of INTC have grown 6.5% in value year-to-date. However, Intel stock is down 22% since reaching its annual high of $68.49 in April. Moreover, INTC offers a forward dividend of $1.39 and a dividend yield 2.61%.

Intel has produced strong performance in all of its quarterly financial reports over the past year. INTC has beat or matched earnings expectations on all four of its most recent earnings reports released. From a fundamental point of view, Intel stock is an excellent long-term investment given their valuation and dividend yield. Intel stock has a price-earnings ratio of 11.79, which is incredibly low considering INTC is amongst the few that boast a market cap above $200 billion.

INTC has maintained fairly consistent growth over the past couple of years, increasing revenues by 24% and earnings by 117%, since 2017. Nonetheless, the semiconductor company’s bottom-line saw some declines as a result of an increase in pandemic-related expenses. This whole dynamic makes INTC an intriguing turnaround play to consider. 

 

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