Down 49% in 2022, Is Intel an Excellent Dividend Stock to Buy for 2023?

By Parkev Tatevosian, CFA – Jan 2, 2023 at 8:45AM

NASDAQ: INTC

Intel

Market Cap

$148B

Today's Change

(-9.20%) -$3.23

Current Price

$31.88

Price as of April 26, 2024, 4:00 p.m. ET

Intel's sales and profits are falling as consumers favor spending on experiences.

The current year could be challenging for Intel (INTC -9.20%). This video will determine if Intel stock is a buy right now.

*Stock prices used were the afternoon prices of Dec. 30, 2022. The video was published on Jan. 1, 2023.

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Intel. The Motley Fool recommends the following options: long January 2023 $57.50 calls on Intel, long January 2025 $45 calls on Intel, and short January 2025 $45 puts on Intel. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through fool.com/parkev, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.