Intel: A Potential ‘Kitchen Sink’ Moment


  • Tech giant Intel announced a huge cut to its healthy quarterly dividend pay-outs today.
  • Shares of this semiconductor manufacturer had already lost nearly half of their value in 2022 as the company attempted to make inroads in the foundry business.
  • The company’s initial forecasts for FY22 and FY23 against actual results and current forecasts were embarrassingly bad, with management’s read on market dynamics head scratching.
  • Prior to the dividend announcement this morning, the stock was finding technical support in the mid-20s despite almost universal bearish Wall Street sentiment.
  • Where do the shares go from here?  An investment analysis follows in the paragraphs below.


Photos by Painter

The sea is endless when you are in a rowboat.”― Adolfo Bioy Casares

Wednesday morning, Intel (NASDAQ:INTC) announced it was cutting its quarterly dividend by two-thirds in order to preserve ‘financial flexibility‘. This is just

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Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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