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Now Is A Good Time To Buy Intel Corporation (NASDAQ: INTC)

During the last session, Intel Corporation (NASDAQ:INTC)’s traded shares were 77.85 million, with the beta value of the company hitting 0.87. At the end of the trading day, the stock’s price was $27.40, reflecting an intraday loss of -5.52% or -$1.6. The 52-week high for the INTC share is $44.93, that puts it down -63.98 from that peak though still a striking 10.26% gain since the share price plummeted to a 52-week low of $24.59. The company’s market capitalization is $113.33B, and the average intraday trading volume over the past 10 days was 35.86 million shares, and the average trade volume was 42.54 million shares over the past three months.

Intel Corporation (NASDAQ:INTC) trade information

Intel Corporation (INTC) registered a -5.52% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -5.52% in intraday trading to $27.40 this Thursday, 05/25/23, hitting a weekly high. The stock’s 5-day price performance is -7.68%, and it has moved by -5.68% in 30 days. Based on these gigs, the overall price performance for the year is -34.25%. The short interest in Intel Corporation (NASDAQ:INTC) is 67.74 million shares and it means that shorts have 1.78 day(s) to cover.

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Intel Corporation (INTC) estimates and forecasts

Statistics show that Intel Corporation has underperformed its competitors in share price, compared to the industry in which it operates. Intel Corporation (INTC) shares have gone down -8.12% during the last six months, with a year-to-date growth rate less than the industry average at -77.72% against 1.00. Yet analysts are ramping up their growth forecast for the fiscal year 2023. Revenue is predicted to shrink -113.80% this quarter and then drop -72.90% in the quarter after that. In the rating firms’ projections, revenue will decrease -18.80% compared to the previous financial year.

Revenue for the current quarter is expected to be $12.03 billion as predicted by 26 analyst(s). Meanwhile, a consensus of 26 analyst(s) estimates revenue growth to $13.22 billion by the end of Sep 2023. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $15.32 billion and $15.25 billion respectively. In this case, analysts expect current quarter sales to shrink by -21.50% and then drop by -13.30% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -8.90%. While earnings are projected to return -60.00% in 2023, the next five years will return 6.03% per annum.

INTC Dividends

Intel Corporation is due to release its next quarterly earnings between July 26 and July 31. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Intel Corporation is 0.50, with the dividend yield indicating at 1.82 percent, continuing the trend of increasing dividends in recent years.

Intel Corporation (NASDAQ:INTC)’s Major holders

Intel Corporation insiders own 0.06% of total outstanding shares while institutional holders control 63.40%, with the float percentage being 63.44%. Vanguard Group, Inc. (The) is the largest shareholder of the company, while 3,181 institutions own stock in it. As of Mar 30, 2023, the company held over 373.06 million shares (or 8.94% of all shares), a total value of $12.19 billion in shares.

The next largest institutional holding, with 332.23 million shares, is of Blackrock Inc.’s that is approximately 7.97% of outstanding shares. At the market price on Mar 30, 2023, these shares were valued at $10.85 billion.

Also, the Mutual Funds coming in first place with the largest holdings of Intel Corporation (INTC) shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. Data provided on Dec 30, 2022 indicates that Vanguard Total Stock Market Index Fund owns about 125.46 million shares. This amounts to just over 3.03 percent of the company’s overall shares, with a $3.32 billion market value. The same data shows that the other fund manager holds slightly less at 95.4 million, or about 2.31% of the stock, which is worth about $2.52 billion.

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