Intel Corporation (NASDAQ: INTC) has announced a significant change in its leadership, appointing Lip-Bu Tan as the new Chief Executive Officer effective March 18, 2025. Tan, a prominent figure in the semiconductor industry, will also rejoin Intel’s board of directors.
He takes over from Interim Co-CEOs David Zinsner and Michelle (MJ) Johnston Holthaus. Frank D. Yeary, who was serving as interim executive chair during the CEO search, will revert to his role as independent chair of the board.
Tan brings over two decades of experience, having previously led Cadence Design Systems (NASDAQ: CDNS) where he played a pivotal role in enhancing the company’s performance. His new role at Intel is anticipated to foster innovation and increase shareholder value. The company has also released forward-looking statements concerning its strategic direction and growth prospects.
New CEO Appointment Boosts Intel’s Stock
The news of Lip-Bu Tan’s appointment has had a noticeable effect on Intel’s stock performance. Following the announcement, the stock opened at $23.50, a significant rise from the previous close of $20.68. As of 09:45 EDT, the stock price reached $23.96, demonstrating a positive market reaction.
The day’s trading has seen fluctuations, with a low of $23.13 and a high of $24.53. This movement indicates a renewed interest among investors, likely driven by expectations of strategic advancements under Tan’s leadership. The stock’s recent performance shows a recovery trend, climbing from a low of $19.78 on March 11, 2025, to $23.94 on March 13, 2025.
Join our Telegram group and never miss a breaking digital asset story.
INTC Stock Brief
Intel’s current market capitalization stands at $103.75 billion, with a dividend rate of $0.50 and a yield of 2.24%. The company’s financial health is reflected in its key metrics, including a forward P/E ratio of 24.70 and a price to book ratio of 1.045. Despite a trailing EPS of -$4.38, the forward EPS is projected at $0.97, suggesting potential earnings growth.
The debt to equity ratio is 48.277, indicating a moderate level of leverage. Analysts have given a “hold” recommendation, with a mean target price of $22.90. The stock’s 52-week range shows a low of $18.51 and a high of $45.41, highlighting its volatility over the past year.
Analysts have a cautious outlook on Intel’s stock, with a recommendation mean of 3.02273, which aligns with the “hold” status. The target price range varies, with a high of $31.00 and a low of $17.70, reflecting differing opinions on the company’s future trajectory.
The median target price is set at $23.00, close to the current trading levels. This suggests that while there is optimism about the company’s potential under Tan’s leadership, there are also concerns about market challenges and competition in the semiconductor industry.
Disclaimer: The author does not hold or have a position in any securities discussed in the article. All stock prices were quoted at the time of writing.
About the author
Tim Fries is the cofounder of The Tokenist. He has a B. Sc. in Mechanical Engineering from the University of Michigan, and an MBA from the University of Chicago Booth School of Business. Tim served as a Senior Associate on the investment team at RW Baird’s US Private Equity division, and is also the co-founder of Protective Technologies Capital, an investment firm specializing in sensing, protection and control solutions.
