Those With A Risk-Tolerant Portfolio Can Expect A Bright Future From Intel Corp. (NASDAQ: INTC)

During the last session, Intel Corp. (NASDAQ:INTC)’s traded shares were 83.41 million, with the beta value of the company hitting 1.01. At the end of the trading day, the stock’s price was $40.33, reflecting an intraday loss of -8.22% or -$3.61. The 52-week high for the INTC share is $51.28, that puts it down -27.15 from that peak though still a striking 33.42% gain since the share price plummeted to a 52-week low of $26.85. The company’s market capitalization is $170.52B, and the average intraday trading volume over the past 10 days was 45.9 million shares, and the average trade volume was 44.94 million shares over the past three months.

Intel Corp. (NASDAQ:INTC) trade information

Intel Corp. (INTC) registered a -8.22% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -8.22% in intraday trading to $40.33, hitting a weekly high. The stock’s 5-day price performance is -3.95%, and it has moved by -11.58% in 30 days. Based on these gigs, the overall price performance for the year is 23.45%. The short interest in Intel Corp. (NASDAQ:INTC) is 72.37 million shares and it means that shorts have 1.58 day(s) to cover.

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Intel Corp. (INTC) estimates and forecasts

Statistics show that Intel Corp. has outperformed its competitors in share price, compared to the industry in which it operates. Intel Corp. (INTC) shares have gone up 13.73% during the last six months, with a year-to-date growth rate more than the industry average at 25.71% against 1.60. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 450.00% this quarter and then jump 92.30% in the quarter after that. In the rating firms’ projections, revenue will increase 5.90% compared to the previous financial year.

Revenue for the current quarter is expected to be $12.77 billion as predicted by 30 analyst(s). Meanwhile, a consensus of 30 analyst(s) estimates revenue growth to $13.6 billion by the end of Jun 2024. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $11.04 billion and $12.95 billion respectively. In this case, analysts expect current quarter sales to grow by 15.70% and then jump by 5.00% 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 -38.29%. While earnings are projected to return 30.15% in 2024, the next five years will return 43.08% per annum.

INTC Dividends

Intel Corp. is due to release its next quarterly earnings between April 25 and April 29. 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 Corp. is 0.50, with the dividend yield indicating at 1.24 percent, continuing the trend of increasing dividends in recent years.

Intel Corp. (NASDAQ:INTC)’s Major holders

Intel Corp. insiders own 0.06% of total outstanding shares while institutional holders control 67.79%, with the float percentage being 67.83%. Vanguard Group Inc is the largest shareholder of the company, while 3,467 institutions own stock in it. As of Jun 29, 2023, the company held over 379.49 million shares (or 9.06% of all shares), a total value of $12.69 billion in shares.

The next largest institutional holding, with 333.46 million shares, is of Blackrock Inc.’s that is approximately 7.96% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $11.15 billion.

Also, the Mutual Funds coming in first place with the largest holdings of Intel Corp. (INTC) shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. Data provided on Jun 29, 2023 indicates that Vanguard Total Stock Market Index Fund owns about 130.11 million shares. This amounts to just over 3.11 percent of the company’s overall shares, with a $4.35 billion market value. The same data shows that the other fund manager holds slightly less at 99.31 million, or about 2.37% of the stock, which is worth about $3.32 billion.