Intel Corp. (NASDAQ:INTC)’s traded shares stood at 6.99 million during the latest session, with the company’s beta value hitting 1.02. At the last check today, the stock’s price was $22.13, to imply an increase of 0.68% or $0.15 in intraday trading. The INTC share’s 52-week high remains $51.28, putting it -131.72% down since that peak but still an impressive 16.36% since price per share fell to its 52-week low of $18.51. The company has a valuation of $94.63B, with an average of 47.42 million shares in intraday trading volume over the past 10 days and average of 81.71 million shares over the past 3 months.
Analysts have given a consensus recommendation of Hold for Intel Corp. (INTC), translating to a mean rating of 3.09. Of 31 analyst(s) looking at the stock, 4 analyst(s) give INTC a Sell rating. 0 of those analysts rate the stock as Overweight while 16 advise Hold as 11 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.02.
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Intel Corp. (NASDAQ:INTC) trade information
After registering a 0.68% upside in the latest session, Intel Corp. (INTC) has traded red over the past five days. The 5-day price performance for the stock is -1.38%, and -5.99% over 30 days. With these gigs, the year-to-date price performance is -55.96%. Short interest in Intel Corp. (NASDAQ:INTC) saw shorts transact 117.68 million shares and set a 1.07 days time to cover.
The extremes give us $17 and $72 for target low and target high price respectively. As such, INTC has been trading -225.35% off suggested target high and 23.18% from its likely low.
Intel Corp. (INTC) estimates and forecasts
Looking at statistics comparing Intel Corp. share performance against respective industry, we note that the company has underperformed competitors. Intel Corp. (INTC) shares are -36.97% down over the last 6 months, with its year-to-date growth rate lower than industry average at -74.29% against -22.30%. Revenue is forecast to shrink -105.40% this quarter before falling -85.20% for the next one. The rating firms project that company’s revenue will shrink -3.70% compared to the previous financial year.
Revenue forecast for the current quarter as set by 30 analysts is 13.02B. Meanwhile, for the current quarter, a total of 30 analyst(s) estimate revenue growth to 13.67B.
An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -38.29% for the past 5-year period. While 2024 is set for a -74.35% return in earnings, projections for the next 5 years are at 15.71% annually.
INTC Dividends
Intel Corp. has its next earnings report out on 2024-Oct-31. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Intel Corp. has a forward dividend ratio of 0.50, with the share yield ticking at 2.26% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 2.85%.
Intel Corp. (NASDAQ:INTC)’s Major holders
Intel Corp. insiders hold 0.06% of total outstanding shares, with institutional holders owning 67.36% of the shares at 67.40% float percentage. In total, 67.36% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 393.49 million shares (or 9.276% of shares), all amounting to roughly $12.19 billion.
The next major institution holding the largest number of shares is BLACKROCK INC. with 361.67 million shares, or about 8.5259% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $11.2 billion.
We also have Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund as the top two Mutual Funds with the largest holdings of the Intel Corp. (INTC) shares. Going by data provided on Jun 30, 2024, Vanguard Total Stock Market Index Fund holds roughly 134.49 shares. This is just over 3.15% of the total shares, with a market valuation of $2.98 billion. Data from the same date shows that the other fund manager holds a little less at 109.26, or 2.56% of the shares, all valued at about 2.42 billion.
