Intel, a leading chipmaking company located in Santa Clara, California, exceeded analyst predictions in the first quarter with adjusted earnings of 18 cents per share on sales of $12.72 billion. However, the company provided lower guidance for the current quarter, causing its stock to decline in extended trading. Despite this, Intel’s stock rose by 1.8% during the regular trading session on Thursday and closed at 35.11.
In addition to Intel’s report, other semiconductor companies such as STMicroelectronics and Mobileye Global also released their first-quarter results. While STMicroelectronics missed analyst estimates and offered a lower outlook for the upcoming quarter due to weak performance in automotive and industrial chip markets, Mobileye Global delivered mixed Q1 results and issued in-line sales guidance for the next year. Mobileye specializes in producing chips and hardware for advanced driver assistance systems and autonomous vehicles.
In terms of stock performance, Intel ranks at No. 16 out of 33 companies in IBD’s semiconductor manufacturing industry group with a poor IBD Composite Rating of 38 out of 99. Investors can follow Patrick Seitz on X for more stories on consumer technology, software, and semiconductor stocks.
Other chipmaking companies like Impinj, Lam Research, and Texas Instruments have also reported positive results this quarter, highlighting both opportunities and challenges in the market. MarketSurge offers research, charts, data, coaching services all in one place for investors looking to navigate the semiconductor industry efficiently.
Stock market enthusiasts can find a list of leaders near a buy point that offer valuable insights for strategic investment decisions.
Overall, the semiconductor industry continues to be an important sector with various opportunities available for investors to explore.
