In the latest trading session, 10.13 million Intel Corp. (NASDAQ:INTC) shares changed hands as the company’s beta touched 1.02. With the company’s most recent per share price at $22.33 changed hands at -$0.44 or -1.91% at last look, the market valuation stands at $95.50B. INTC’s current price is a discount, trading about -129.65% off its 52-week high of $51.28. The share price had its 52-week low at $18.51, which suggests the last value was 17.11% up since then. When we look at Intel Corp.’s average trading volume, we note the 10-day average is 49.7 million shares, with the 3-month average coming to 81.89 million.
Analysts gave the Intel Corp. (INTC) stock a consensus recommendation rating of Hold, calculated at a mean rating of 3.09. If we narrow down to specifics, the data shows that 4 out of 31 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 16 recommended INTC as a Hold, 11 felt it is a Buy and 0 rated the stock as Underweight. Intel Corp.’s EPS for the current quarter is expected to be -0.02.
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Intel Corp. (NASDAQ:INTC) trade information
Instantly INTC was in red as seen in intraday trades today. With action -4.71%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -55.55%, with the 5-day performance at -4.71% in the red. However, in the 30-day time frame, Intel Corp. (NASDAQ:INTC) is 2.27% up. Looking at the short shares, we see there were 117.68 million shares sold at short interest cover period of 1.07 days.
The consensus price target for the stock as assigned by Wall Street analysts is 33.5, meaning bulls need an upside of 33.34% from its recent market value. According to analyst projections, INTC’s forecast low is 17 with 72 as the target high. To hit the forecast high, the stock’s price needs a -222.44% plunge from its current level, while the stock would need to tank 23.87% for it to hit the projected low.
Intel Corp. (INTC) estimates and forecasts
Data shows that the Intel Corp. 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 -35.09% over the past 6 months, a -74.29% in annual growth rate that is considerably lower than the industry average of -22.30%. Year-over-year growth is forecast to reach -3.60% 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 13.02B. 30 analysts are of the opinion that Intel Corp.’s revenue for the current quarter will be 13.68B. The estimates for the next quarter sales put growth at -11.20%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -38.29%. The 2024 estimates are for Intel Corp. earnings to decrease by -74.17%, but the outlook for the next 5-year period is at 15.71% per year.
INTC Dividends
Intel Corp. is expected to release its next quarterly earnings report on 2024-Oct-31. The 2.24% annual yield figure for the share gives it an annual dividend of 0.50. It is important to note, however, that the 2.24% 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. During the past 5 years, the average dividend yield was 2.85 per year.
Intel Corp. (NASDAQ:INTC)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.06% of Intel Corp. shares while 67.38% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 67.43%. There are 67.38% institutions holding the Intel Corp. stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 9.276% of the shares, roughly 393.49 million INTC shares worth $12.19 billion.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 8.5259% or 361.67 million shares worth $11.2 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Jun 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. With 134.49 shares estimated at $3.0 billion under it, the former controlled 3.15% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 2.56% of the shares, roughly 109.26 shares worth around $2.44 billion.
