Home > Intel Stock Price Is Up +11% YTD Ahead of Q3 2021 Earnings

Intel Stock Price Is Up +11% YTD Ahead of Q3 2021 Earnings

Intel (NASDAQ:INTC) investors prepare for the Q3 2021 earnings. The stock price is up +11% in 2021, and the market expects EPS of $1.06.

Intel is one of the largest companies in the semiconductors industry and a leader in the information technology sector. The stock price is up a little over +11% this year, and investors are preparing for the Q3 2021 earnings release scheduled today at 05:00 PM EDT.

The COVID-19 pandemic severely impacted the semiconductors industry as the surge in demand led to supply bottlenecks. The rise in global semiconductors sales was nothing short of spectacular – for example, in August 2021, semiconductors sales grew by 30% YoY. Yet, Intel had a hard time capitalizing on the developments, as reflected by the stock price up modestly while the major stock market indices made several all-time highs during the year.

Intel is a dividend-paying company with a dividend yield of 2.51% and a payout ratio of 29.04%. It also has a dividend growth history of seven years.

What Are the Expectations for Q3 2021?

For the third quarter of the year, investors expect EPS of $1.06, just like one year ago. The company operates with a gross profit margin of 55.59%, higher than the 49.045 sector median.

Intel trades at an attractive P/E Non-GAAP ratio of 11.57, much lower than the 24.84 sector median. Analysts have issued mixed ratings on Intel stock price. Out of the 67 analysts covering the stock price, 27 have issued buy ratings, and 25 have issued neutral ratings, with the rest having sell ratings.

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