With over 83.81 million Intel Corp. (INTC) shares trading Friday and a closing price of $46.16 on the day, the dollar volume was approximately $3.87 billion. The shares have shown a positive half year performance of 26.92% and its price on 12/15/23 gained nearly 2.17%. Currently, there are 4.22B common shares owned by the public and among those 4.21B 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: 42 analysts who have offered their price forecasts for INTC have a consensus price objective of $39.20. The analysts have set the share’s price value over the next 12 months at a high of $56.00 and a low of $17.00. The average price target is -17.76% below its recent price level and a downside to the estimated low will see the stock lose -171.53% over that period. But an upside of 17.57% will see the stock hit the forecast high price target while median target price for the stock is $38.00.
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Insiders at the company have transacted a total of 136 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 79 of these insider trades were purchases, accounting for 664,257 shares. Insider sales of the common stock occurred on 57 occasions, with total insider shares sold totaling 225,835 shares.
Shares of Intel Corp. (NASDAQ: INTC) opened at $45.94, up $0.76 from a prior closing price of $45.18. However, the script later moved the day high at 47.27, up 2.17%. The company’s stock has a 5-day price change of 8.10% and 21.51% over the past three months. INTC shares are trading 74.65% year to date (YTD), with the 12-month market performance up to 63.34% higher. It has a 12-month low price of $24.73 and touched a high of $47.07 over the same period. INTC has an average intraday trading volume of 38.50 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 5.68%, 17.10%, and 34.87% respectively.
Institutional ownership of Intel Corp. (NASDAQ: INTC) shares accounts for 63.86% of the company’s 4.22B shares outstanding.
It has a market capitalization of $194.61B and a beta (3y monthly) value of 0.98. The earnings-per-share (ttm) stands at -$0.40. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.56% over the week and 2.92% over the month.
Analysts forecast that Intel Corp. (INTC) will achieve an EPS of $0.41 for the current quarter, $0.32 for the next quarter and $1.73 for 2024. The lowest estimate earnings-per-share for the quarter is $0.39 while analysts give the company a high EPS estimate of $0.5. Comparatively, EPS for the current quarter was $0.1 a year ago. Earnings per share for the fiscal year are expected to decrease by -48.87%, and 102.58% over the next financial year. EPS should grow at an annualized rate of 10.62% over the next five years, compared to -0.46% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 42 brokerage firm advisors rate Intel Corp. (INTC) as a “Moderate Buy” at a consensus score of 2.88. Specifically, 7 Wall Street analysts polled rate the stock as a buy, while 27 of the 42 advise that investors “hold,” and 5 rated it as a “Sell.”
Looking at the support for the INTC, a number of firms have released research notes about the stock. BofA Securities stated their Neutral rating for the stock in a research note on December 15, 2023, with the firm’s price target at $32-$50.
