In today’s recent session, 10.42 million shares of the Intel Corp (NASDAQ:INTC) have been traded, and its beta is 1.04. Most recently the company’s share price was $24.31, and it changed around -$0.53 or -2.13% from the last close, which brings the market valuation of the company to $104.85B. INTC at last check was trading at a discount to its 52-week high of $51.28, offering almost -110.94% off that amount. The share price’s 52-week low was $18.51, which indicates that the recent value has risen by an impressive 23.86% since then. We note from Intel Corp’s average daily trading volume that its 10-day average is 71.87 million shares, with the 3-month average coming to 79.10 million.
Intel Corp stock received a consensus recommendation rating of Hold, based on a mean score of 3.07. If we narrow it down even further, the data shows that 3 out of 65 analysts rate the stock as a Sell; another 5 rate it as Overweight. Among the rest, 35 recommended INTC as a Hold, whereas 18 deemed it a Buy, and 4 rated it as Underweight. Intel Corp is expected to report earnings per share of 0.12 for the current quarter.
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Intel Corp (NASDAQ:INTC) trade information
Instantly INTC has been showing red trend so far today with a performance of -2.13% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 25.61 on recent trading dayincreased the stock’s daily price by 5.08%. The company’s shares are currently down -51.62% year-to-date, but still up 0.62% over the last five days. On the other hand, Intel Corp (NASDAQ:INTC) is 6.44% up in the 30-day period. We can see from the shorts that 105.53 million shares have been sold at a short interest cover period of 1.89 day(s).
The consensus price target as assigned by Wall Street analysts is $30.5, which translates to bulls needing to increase their stock price by 20.3% from its current value. Analyst projections state that INTC is forecast to be at a low of $17 and a high of $72.
Intel Corp (INTC) estimates and forecasts
Intel Corp share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -23.41 percent over the past six months and at a -106.67% annual growth rate that is well below the industry average of -27.60%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -77.60% in revenue this quarter, and will report a decrease of -45.28% in the next quarter. The year-over-year growth rate is expected to be -2.76%, down from the previous year.
Consensus estimates provided by 33 financial analysts predict the company will bring in an average of 13.83B in revenue for the current quarter. 27 analysts expect Intel Corp to make 12.89B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 15.41B and 12.72B respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -10.23%. Forecasts for the next quarter put sales growth at 1.34%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -38.29%. Intel Corp earnings are expected to increase by -112.24% in 2024, but the outlook is positive 9.72% per year for the next five years.
INTC Dividends
Intel Corp’s next quarterly earnings report is expected to be released on 2025-Jan-23. The annual dividend yield of the stock is 1.54 percent and its annual dividend per share was 0.38. It is important to note, however, that the 1.54% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 2.85 per year.
Intel Corp (NASDAQ:INTC)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.06% of Intel Corp shares, and 64.52% of them are in the hands of institutional investors. The stock currently has a share float of 64.56%. Intel Corp stock is held by 2827.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 9.276% of the shares, which is about 393.49 million shares worth $12.19 billion.
BLACKROCK INC., with 8.5259% or 361.67 million shares worth $11.2 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
