Photo by Slejven Djurakovic on Unsplash
 

• Intel is partnering with Curtiss-Wright, SYSGO, and wolfSSL to develop new solutions for aerospace industry safety and security
• Intel shares gained approximately 2.5% in Friday trading
• The company is seeing renewed interest in older, more affordable processors on Amazon sales charts
• Wall Street analysts maintain a “Hold” consensus rating on Intel stock with an average price target of $23
• Intel shares have lost 41.78% over the past year but showed recent gains of 0.5% in Friday trading

Intel Corporation (Nasdaq: INTC) shares climbed on Friday as the chipmaker announced a new collaborative effort aimed at improving mission-critical systems for the aerospace industry.

The stock rose by nearly 2.5% following news that Intel has formed an alliance with Curtiss-Wright (CW), SYSGO, and wolfSSL.
 

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Intel Corporation (INTC)

This partnership aims to develop new commercial off-the-shelf (COTS) solutions designed to enhance safety and security in aerospace applications.

The collaboration will create systems that comply with various security standards without requiring specialized software.

Each company will contribute specific components to the initiative. Intel will supply its 13th Gen Core i7 processors.

Curtiss-Wright will provide single-board computers for the project. Meanwhile, wolfSSL will contribute its secure bootloader technology.

SYSGO will round out the partnership by adding its PikeOS RTOS and hypervisor systems to the mix.

The joint effort is expected to reduce time-to-market for new aerospace systems. It will also maintain compliance with current industry regulations.

This should make the resulting products more attractive to potential buyers in the aerospace sector. The solutions will also have applications in general industrial settings.

In separate news, Intel appears to be making gains in its ongoing competition with rival Advanced Micro Devices (NASDAQ).

While AMD continues to lead in market share according to Amazon sales figures, Intel is staging a comeback. This resurgence is being driven by older, more affordable processors.

In a single day, several of Intel’s Alder Lake chips reclaimed positions on Amazon’s top 15 sales list. These older processors displaced some AMD chips in the rankings.

Interestingly, none of Intel’s newer Arrow Lake processors managed to break into Amazon’s top 50 bestsellers list. This suggests consumers may be prioritizing value over cutting-edge technology.

Analysts are Cautious

On Wall Street, analysts maintain a cautious stance on Intel stock. The consensus rating stands at “Hold” based on one Buy, 27 Holds, and four Sells assigned in the past three months.

After losing 41.78% of its value over the past year, Intel shares now trade around $24. The average analyst price target of $23 implies a potential 6.71% downside from current levels.

Intel reported disappointing earnings results for its most recent quarter. The chipmaker posted a loss of $0.02 per share for the quarter ending January 30th.

This fell short of analyst estimates, which had projected earnings of $0.12 per share. The company currently has a negative return on equity of 3.27%.

For the full year, analysts expect Intel to report a loss of $0.11 per share. The company continues to face challenges in its turnaround efforts.

Institutional investors have been adjusting their positions in Intel stock. Several large investors modified their holdings during recent quarters.

Intel’s current market capitalization stands at approximately $106.19 billion. The stock has a price-to-earnings ratio of -5.60 and a beta of 1.02.

The company has maintained relatively stable debt levels. Intel reports a debt-to-equity ratio of 0.44, with current and quick ratios of 1.33 and 0.98 respectively.

Trading volume on Friday reached 24,898,619 shares. This represents a 65% decline from the average session volume of 71,588,496 shares.

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