Research analysts at Zacks Research have revised their earnings per share (EPS) estimates for Intel Corporation (NASDAQ: INTC) for the third quarter of 2026. In a research note released on November 13, 2023, the analysts projected that Intel will earn $0.07 per share, a decrease from their previous estimate of $0.12.
The consensus estimate for Intel’s full-year earnings stands at a loss of ($0.11) per share. Additionally, Zacks Research has provided early estimates for Intel’s earnings in the first and second quarters of 2027, predicting $0.00 EPS and $0.20 EPS, respectively.
Intel’s most recent quarterly earnings report was released on October 23, 2023. In that quarter, the company reported earnings of $0.23 per share, surpassing analysts’ expectations. Revenue for the quarter reached $13.65 billion, exceeding the consensus estimate of $13.10 billion. Despite these positive figures, Intel recorded a net margin of 0.37% and a negative return on equity of 0.75%. Year-over-year, quarterly revenue grew by 3.0%, a notable improvement from a loss of ($0.46) EPS reported in the same quarter last year.
Market Performance and Institutional Investments
As of November 13, 2023, shares of Intel opened at $34.33. The company boasts a market capitalization of $163.99 billion, with a price-to-earnings ratio of 3,436.44 and a beta of 1.31. Over the past year, Intel’s stock has seen significant fluctuations, with a low of $17.67 and a high of $42.48. The company’s financial ratios include a debt-to-equity ratio of 0.38, a quick ratio of 1.25, and a current ratio of 1.60. Its 50-day simple moving average stands at $35.04, while the 200-day simple moving average is $26.58.
Institutional investors have recently engaged in significant trading activity involving Intel shares. For instance, Westbourne Investments Inc. increased its holdings in the company by 319.4% during the first quarter, now owning 71,425 shares valued at approximately $1.62 million. Other institutional moves include Pacific Wealth Management, which acquired shares worth $1.59 million, and Econ Financial Services Corp, which invested $754,000. Notably, Y Intercept Hong Kong Ltd. expanded its position dramatically by 6,865.7%, now holding 1,151,425 shares valued at around $25.79 million.
Overall, institutional investors and hedge funds currently own approximately 64.53% of Intel’s stock, indicating strong institutional interest in the chipmaker.
Overview of Intel’s Operations
Intel Corporation is a global leader in designing, developing, manufacturing, marketing, and selling computing products and services. The company’s operations are divided into several segments: Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services.
Intel’s extensive product portfolio includes central processing units (CPUs), chipsets, system-on-chips (SoCs), mobile and desktop processors, graphics processing units (GPUs), and memory and storage solutions. The company is also involved in connectivity and networking products, reinforcing its position as a key player in the semiconductor industry.
As the market evolves, Intel’s financial performance will be closely monitored by analysts and investors alike, particularly in light of the recent adjustments to earnings forecasts.
