UPDATE: Baird Downgrades Intel (INTC) to Neutral

Intel (INTC) PT Lowered to $37 at Jefferies on Miss

Jefferies analyst Mark Lipacis lowered the price target on Intel (NASDAQ: INTC) to $37.00 (from $48.00) while maintaining a Hold rating.

The analyst commented, "INTC missed Q2/Q3 EPS by 59%/60%. Q2 GM dropped to mid-40s, its server CPU is delayed, and Data Center... More

Needham & Company 'Buying Weakness' in Intel (INTC)

Needham & Company analyst N. Quinn Bolton reiterated a Buy rating and $40.00 price target on Intel (NASDAQ: INTC), telling clients to buy the weakness after dismal results and guidance.

The analyst commented, "Intel's 2Q22 results and updated full-year guidance were disappointing. However, in the... More

Intel (INTC) PT Raised to $51 at UBS

UBS analyst Timothy Arcuri raised the price target on Intel (NASDAQ: INTC) to $51.00 (from $41.00) while maintaining a Neutral rating.... More

Active options: GOOGL INTC MARA PLUG PFE TWTR AMC SNAP SHOP GOOG

Active options: GOOGL INTC MARA PLUG PFE TWTR AMC SNAP SHOP GOOG

Intel (INTC) PT Lowered to $35 at Barclays

Barclays analyst Blayne Curtis lowered the price target on Intel (NASDAQ: INTC) to $35.00 (from $40.00) while maintaining a Underweight rating.... More

Intel (INTC) PT Lowered to $30 at Rosenblatt

Rosenblatt analyst Hans Mosesmann lowered the price target on Intel (NASDAQ: INTC) to $30.00 (from $40.00) while maintaining a Sell rating.... More

Intel (INTC) PT Lowered to $38 at BMO Capital

BMO Capital analyst Ambrish Srivastava lowered the price target on Intel (NASDAQ: INTC) to $38.00 (from $40.00) while maintaining a Market Perform rating.... More

Intel (INTC) PT Lowered to $40 at Roth Capital

Roth Capital analyst Suji Desilva lowered the price target on Intel (NASDAQ: INTC) to $40.00 (from $48.00) while maintaining a Neutral rating.... More

After-Hours Movers: Amazon, Apple Gain Post EPS; Roku, Intel Plunge

After-Hours Stock Movers:

Roku (NASDAQ: ROKU) 25% LOWER; reported Q2 EPS of ($0.82), $0.14 worse than the analyst estimate of ($0.68). Revenue for the quarter came in at $764.4 million versus the consensus estimate of $804.13 million. Roku sees Q3 2022 revenue of $700 million, versus the consensus of $901.7 million.

DexCom (NASDAQ: DXCM) 19% LOWER; reported Q2 EPS of $0.17, $0.02 worse than the analyst estimate of $0.19. Revenue for the quarter came in at $696.2 million versus the consensus estimate of $700.45 million. DexCom sees Q3 2022 revenue of... More

Intel Shares Plummet 8% on Q2 Miss and Worse Than Expected Guidance

Intel (NASDAQ: INTC) shares plunged more than 8% after-hours Thursday following the companys reported Q2 results, with EPS of $0.29 coming in worse than the consensus estimate of $0.70. Revenue declined 17% year-over-year to $15.3 billion, missing the consensus estimate of $17.96 billion.

According to Pat Gelsinger, Intel... More

Intel slashes annual forecasts on PC demand slump, shares drop 10%

By Yuvraj Malik and Jane Lanhee Lee

(Reuters) -Intel Corp slashed its annual sales and profit forecasts on Thursday after missing estimates for second-quarter results as demand for its chips used in personal computers cools, sending shares down 10%. The company also forecast current-quarter results well below expectations, blaming the "sudden and rapid decline" in economic activity and execution issues.

Runaway inflation and the reopening of offices and schools have led people to spend less on PCs than they did during lockdowns, when many bought computers for work and school as they stayed home during the pandemic.

Active options: INTC MARA PLUG PFE TWTR AMC SNAP SHOP GOOG

Active options: INTC MARA PLUG PFE TWTR AMC SNAP SHOP GOOG

Intel (INTC) Misses Q2 EPS by 41c, Guidances Misses

Intel (NASDAQ: INTC) reported Q2 EPS of $0.29, $0.41 worse than the analyst estimate of $0.70. Revenue for the quarter came in at $15.3 billion versus the consensus estimate of $17.96 billion.

GUIDANCE:

Intel sees FY2022 EPS of $2.30, versus the consensus of $3.42. Intel sees... More

Intel (INTC) call put ratio 1 call to 1.4 puts into quarter results and outlook

Intel (NASDAQ: INTC) July weekly call option implied volatility is at 140, August is at 46; compared to its 52-week range of 21 to 48 into the expected release of quarter results today after the bell. Call put ratio 1 call to 1.4 puts.

Intel (INTC) July weekly 40 straddle priced for a move of 6.5% into quarter results

Intel (NASDAQ: INTC) July weekly 40 straddle priced for a move of 6.5% into the expected release of quarter results after the bell on July 28.

U.S. Senate passes bill to boost chip manufacturing, compete with China

By David Shepardson and Patricia Zengerle

WASHINGTON (Reuters) -The U.S. Senate on Wednesday passed sweeping legislation to subsidize the domestic semiconductor industry, hoping to boost companies as they compete with China and alleviate a persistent shortage that has affected everything from cars, weapons, washing machines and video games.

The House of Representatives plans to vote on Thursday on the long-awaited bill after the Senate passed it on a 64 to 33 bipartisan vote. If approved as expected, President Joe Biden plans to sign it into law early next week.

The "Chips and Science" act provides about $52 billion in... More

Senate approves CHIPs bill, sends to house

Senate approves CHIPs bill, sends to house.

U.S. Senate Has Enough Votes To Approve Multi-billion-dollar Bill Boosting Semiconductor Manufacturing, Voting Continues - Reuters

U.S. Senate Has Enough Votes To Approve Multi-billion-dollar Bill Boosting Semiconductor Manufacturing, Voting Continues - Reuters

Intel (INTC) option IV above 100 into quarter results and outlook

Intel (NASDAQ: INTC) July weekly call option implied volatility is at 112, August is at 45; compared to its 52-week range of 21 to 48 into the expected release of quarter results after the bell on July 28.