During the recent session, Intel Corp. (NASDAQ:INTC)’s traded shares were 10.51 million, with the beta value of the company hitting 1.02. At the last check today, the stock’s price was $23.74, reflecting an intraday gain of 2.22% or $0.52. The 52-week high for the INTC share is $51.28, that puts it down -116.01 from that peak though still a striking 22.03% gain since the share price plummeted to a 52-week low of $18.51. The company’s market capitalization is $101.49B, and the average intraday trading volume over the past 10 days was 60.01 million shares, and the average trade volume was 83.26 million shares over the past three months.
Intel Corp. (INTC) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 3.09. INTC has a Sell rating from 4 analyst(s) out of 31 analysts who have looked at this stock. 16 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 11 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.02.
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Intel Corp. (NASDAQ:INTC) trade information
Intel Corp. (INTC) registered a 2.22% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 2.22% in intraday trading to $23.74, hitting a weekly high. The stock’s 5-day price performance is 5.07%, and it has moved by 22.60% in 30 days. Based on these gigs, the overall price performance for the year is -35.64%. The short interest in Intel Corp. (NASDAQ:INTC) is 117.68 million shares and it means that shorts have 1.07 day(s) to cover.
The consensus price target of analysts on Wall Street is $33.5, which implies an increase of 29.13% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $17 and $72 respectively. As a result, INTC is trading at a discount of -203.29% off the target high and 28.39% off the low.
Intel Corp. (INTC) estimates and forecasts
Statistics show that Intel Corp. has underperformed its competitors in share price, compared to the industry in which it operates. Intel Corp. (INTC) shares have gone down -33.50% during the last six months, with a year-to-date growth rate less than the industry average at -74.29% against -22.80. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -105.40% this quarter and then drop -83.30% in the quarter after that. In the rating firms’ projections, revenue will decrease -3.60% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 13.02B as predicted by 30 analyst(s). Meanwhile, a consensus of 30 analyst(s) estimates revenue growth to 13.7B by the end of current fiscal year.
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 -73.70% in 2024, the next five years will return 15.71% per annum.
INTC Dividends
Intel Corp. is due to release its next quarterly earnings on 2024-Oct-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 Corp. is 0.50, with the dividend yield indicating at 2.11 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 2.85%.
Intel Corp. (NASDAQ:INTC)’s Major holders
Intel Corp. insiders own 0.06% of total outstanding shares while institutional holders control 67.65%, with the float percentage being 67.69%. VANGUARD GROUP INC is the largest shareholder of the company, while 3077.0 institutions own stock in it. As of 2024-06-30, the company held over 393.49 million shares (or 9.276% of all shares), a total value of $12.19 billion in shares.
The next largest institutional holding, with 361.67 million shares, is of BLACKROCK INC.’s that is approximately 8.5259% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $11.2 billion.
