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Is Intel Corporation (NASDAQ: INTC) a Risk-Worthy Bet for Bold Investors?

In the latest trading session, 6.97 million Intel Corporation (NASDAQ:INTC) shares changed hands as the company’s beta touched 0.87. With the company’s most recent per share price at $37.89 changing hands around $0.01 or 0.02% at last look, the market valuation stands at $161.98B. INTC’s current price is a discount, trading about -5.75% off its 52-week high of $40.07. The share price had its 52-week low at $24.59, which suggests the last value was 35.1% up since then. When we look at Intel Corporation’s average trading volume, we note the 10-day average is 46.53 million shares, with the 3-month average coming to 39.53 million.

Analysts gave the Intel Corporation (INTC) stock a consensus recommendation rating of a Hold, calculated at a mean rating of 3.00. If we narrow down to specifics, the data shows that 6 out of 44 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 28 recommended INTC as a Hold, 8 felt it is a Buy and 1 rated the stock as Underweight. Intel Corporation’s EPS for the current quarter is expected to be $0.2.

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Intel Corporation (NASDAQ:INTC) trade information

Instantly INTC is in green as seen in intraday trades today. With action -1.82%, the performance over the past five days has been red. The jump to weekly highs of 40.07 on Friday, 09/15/23 added 0.02% to the stock’s daily price. The company’s shares are showing year-to-date upside of 43.35%, with the 5-day performance at -1.82% in the red. However, in the 30-day time frame, Intel Corporation (NASDAQ:INTC) is 16.29% up. Looking at the short shares, we see there were 61.56 million shares sold at short interest cover period of 1.91 days.

The consensus price target for the stock as assigned by Wall Street analysts is $36.91, meaning bulls need a downside of -2.66% from its recent market value. According to analyst projections, INTC’s forecast low is $17.00 with $65.00 as the target high. To hit the forecast high, the stock’s price needs a -71.55% plunge from its current level, while the stock would need to tank 55.13% for it to hit the projected low.

Intel Corporation (INTC) estimates and forecasts

Data shows that the Intel Corporation share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 27.09% over the past 6 months, a -66.85% in annual growth rate that is considerably lower than the industry average of -4.00%. Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for Intel Corporation will fall -66.10%, while the growth in revenue is estimated to hit 200.00% for the next quarter. Year-over-year growth is forecast to reach -22.10% down from the last financial year.

Consensus estimates given by 30 financial analysts project the company’s revenue in the current quarter to hit an average of $12.61 billion. 30 analysts are of the opinion that Intel Corporation’s revenue for the quarter ending Dec 2023 will be $13.43 billion. The company’s revenue for the corresponding quarters a year ago was $15.25 billion and $14.04 billion respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -17.30%. The estimates for the next quarter sales put growth at -4.40%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -8.90%. The 2023 estimates are for Intel Corporation earnings to decrease by -60.00%, but the outlook for the next 5-year period is at 7.82% per year.

INTC Dividends

Intel Corporation is expected to release its next quarterly earnings report between October 25 and October 30. The 1.32% annual yield figure for the share gives it an annual dividend of 0.50. It is important to note, however, that the 1.32% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.

Intel Corporation (NASDAQ:INTC)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 0.06% of Intel Corporation shares while 64.66% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 64.70%. There are 64.66% institutions holding the Intel Corporation stock share, with Vanguard Group Inc the top institutional holder. As of Jun 29, 2023, the company held 9.06% of the shares, roughly 379.49 million INTC shares worth $14.43 billion.

Blackrock Inc. holds the second largest percentage of outstanding shares, with 7.96% or 333.46 million shares worth $12.68 billion as of Jun 29, 2023.

Among Mutual Funds, the top two as of Jun 29, 2023 were Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. With 130.11 million shares estimated at $4.95 billion under it, the former controlled 3.11% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 2.37% of the shares, roughly 99.31 million shares worth around $3.78 billion.

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