Intel Corp. Boosts Research and Development, Slashes Marketing
Chip giant Intel (NASDAQ: INTC) is one of the most profitable chip companies on the planet. Last quarter, it generated about $5.1 billion in operating income -- a figure that many chipmakers would dream to see over the course of a full year.
Nevertheless, the company has indicated that it wants to reduce its operating expenses -- the sum of the company's expenses for both research and development (R&D), as well as marketing, general, and administrative (MG&A) needs -- as a percentage of its total revenue to about 30% from nearly 36% in 2016.
Image source: Intel.
Source: Fool.com
Intel Corp. Stock
€18.97
0.670%
Currently there is a rather positive sentiment for Intel Corp. with 24 Buy predictions and 17 Sell predictions.
Based on the current price of 18.97 € the target price of 38 € shows a potential of 100.3% for Intel Corp. which would more than double the current price.
