2 NASDAQ value stocks to explore amid market volatility: INTC and MU

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2 NASDAQ value stocks to explore amid market volatility: INTC and MU

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 2 NASDAQ value stocks to explore amid market volatility: INTC and MU
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  • Intel Corporation (INTC) reported a GAAP revenue of US$15.3 billion in Q2 FY-22.  
  • Micron Technology, Inc. (MU) reported Q3 FY22 revenue of US$8.64.
  • Scarcity of semiconductors can keep both INTC and MU in demand. 

As inflation seems to be sending investors toward bargain deals, many lesser-known stocks are getting recognized. Investors look for some value stocks amid the rising interest rate hikes and the tech freefall.  

Here, we look at two value stocks on Nasdaq and their performances during the inflation: 

Intel Corporation (NASDAQ: INTC)

Global semiconductor giant Intel Corporation (NASDAQ: INTC) is headquartered in Santa Clara, California. Global shortages of semiconductors have raised the demand for companies manufacturing chips.

In its second quarter of fiscal 2022, Intel posted a GAAP revenue of US$15.3 billion, which was a decrease of 22 per cent year-over-year (YoY). Its non-GAAP revenue was US$15.3 billion, down by 17 per cent YoY in Q2 FY22. 

For the quarter ended March 31, 2022, INTC reported a revenue of US$18.35 billion compared to US$19.6 billion in the year-ago quarter. 

INTC stock has plunged 32 per cent year-to-date (YTD). Refinitive shows that the Relative Strength Index (RSI) of INTC stock is 36.31 as of August 1, 2022. 

Two Nasdaq value stocks to explore amid market volatility; INTC, MU

Micron Technology, Inc. (Nasdaq: MU)

Micron, a manufacturer of DRAM (dynamic random-access memory) chips, is headquartered in Boise, Idaho. Although MU stock has surged in the last few days, it lags close to 35 per cent YTD. It’s down by about 24 per cent in the last six months. 

Micron recently reported its third-quarter fiscal 2022 earnings, posting a revenue of US$8.64 billion relative to US$7.42 billion in the year-ago quarter. Its earnings per share were US$2.34 in the reported quarter compared to US$1.52 in the same quarter a year ago. 

MU posted a net income of US$2.93 billion in the Q3 FY22, which was a 29 per cent rise from the same period in 2021 at US$2.17 billion. 

As per Refinitiv data, Micron stock has a Relative Strength Index of 61.86 as of August 1, 2022. 

Bottom line

Intel announced a quarterly dividend of US$0.365 per share or US$1.46 a share annually. The dividend is likely to be paid on September 1, 2022, to shareholders of record on August 7, 2022.


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