Analyst Expect Big Moves From Intel Corporation (NASDAQ: INTC)

FIVE Stock
FIVE Stock

BlackRock Fund Advisors recently announced the acquisition of new stake in Intel Corporation (NASDAQ:INTC). The institutional investor has increased its shareholding in the Technology company by 0.40% to 214.34 million shares with purchase of 0.85 million shares. This fresh investment now brings its stake to 5.04% valued currently at $10.23 billion. In addition, Norges Bank Investment Management raised its holdings by 3.93 million to 49.57 million shares. And BlackRock Investment Management (.. has lifted its position by 0.55% or 0.21 million shares – to 37.48 million shares.

With over 45.99 million Intel Corporation (INTC) shares trading Monday and a closing price of $50.95 on the day, the dollar volume was approximately $2.34 billion. The shares have shown a positive weekly performance of 3.68% and its price on 08/31/20 gained nearly 1.03%. Currently, there are 4.25B common shares owned by the public and among those 4.25B shares have been available to trade.

An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 40 analysts who have offered their price forecasts for INTC have a consensus price objective of $57.22. The analysts have set the share’s price value over the next 12 months at a high of $100.00 and a low of $42.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Intel Corporation stock is 3.00 for the next 12 months. The average price target is 9.82% above its last price level and an upside to the estimated low will see the stock lose -21.31% over that period. But an upside of 49.05% will see the stock hit the forecast high price target while mean target price for the stock is $55.00.

Insiders at the company have transacted a total of 305 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 151 of these insider trades were purchases, accounting for 1,108,332 shares. Insider sales of the common stock occurred on 154 occasions, with total insider shares sold totaling 634,498 shares.

The top 3 mutual fund holders in Intel Corporation are Vanguard Total Stock Market Index, Vanguard 500 Index Fund, and Government Pension Fund – Global. Vanguard Total Stock Market Index owns 120.35 million shares of the company’s stock, all valued at over $5.74 billion. The company sold -0.33 million shares recently to bring their total holdings to about 2.83% of the shares outstanding. Vanguard 500 Index Fund sold -0.53 million shares to see its total holdings shrink to 87.31 million shares valued at over $4.17 billion and representing 2.05% of the shares outstanding. Government Pension Fund – Global bought 3.95 million shares to bring its total holdings to over 48.06 million shares at a value of $2.29 billion. Government Pension Fund – Global now owns shares totaling to 1.13% of the shares outstanding.

Shares of Intel Corporation (NASDAQ: INTC) opened at $51.00, up $0.57 from a prior closing price of $50.43. However, the script later closed the day at $50.95, up 1.03%. The company’s stock has a 5-day price change of 3.68% and -17.98% over the past three months. INTC shares are trading -14.87% year to date (YTD), with the 12-month market performance up to 7.47% higher. It has a 12-month low price of $43.63 and touched a high of $69.29 over the same period. Currently, 45.99 million shares have been traded, compared to an average intraday trading volume of 31.29 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 4.05%, -5.53%, and -11.95% respectively.

Institutional ownership of Intel Corporation (NASDAQ: INTC) shares accounts for 67.50% of the company’s 4.25B shares outstanding. Mutual fund holders own 35.85%, while other institutional holders and individual stakeholders account for 5.15% and 31.44% respectively.

It has a market capitalization of $212.26B and a beta (3y monthly) value of 0.70. The stock’s trailing 12-month PE ratio is 9.37, while the earnings-per-share (ttm) stands at $5.44. The company has a PEG of 1.09 and a Quick Ratio of 1.60 with the debt-to-equity ratio at 0.47. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.77% over the week and 1.85% over the month.

Analysts forecast that Intel Corporation (INTC) will achieve an EPS of $1.1 for the current quarter, $1.06 for the next quarter and $4.71 for 2021. The lowest estimate earnings-per-share for the quarter is $1.06 while analysts give the company a high EPS estimate of $1.13. Comparatively, EPS for the current quarter was $1.42 a year ago. Earnings per share for the fiscal year are expected to increase by 6.60%, and -2.87% over the next financial year. EPS should shrink at an annualized rate of 8.62% over the next five years, compared to 15.20% over the past 5-year period.

If you are looking to buy this stock, then you may note that the average analyst recommendation by 40 brokerage firm advisors rate Intel Corporation (INTC) as a “Hold” at a consensus score of 3.00. Specifically, 10 Wall Street analysts polled rate the stock as a buy, while 18 of the 40 advise that investors “hold,” and 8 rated it as a “Sell.”

Looking at the support for the INTC, a number of firms have released research notes about the stock. ROTH Capital stated their Neutral rating for the stock in a research note on July 24, 2020, with the firm’s price target at. Northland Capital coverage for the Intel Corporation (INTC) stock in a research note released on July 24, 2020 offered a Under Perform rating with a price target of. Exane BNP Paribas was of a view on July 24, 2020 that the stock is Underperform, while Deutsche Bank gave the stock Hold rating on July 24, 2020, issuing a price target of. BofA Securities on their part issued Neutral rating on July 24, 2020.


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