Intel Corporation (INTC): What Technical Indicators Show

Intel Corporation (NASDAQ:INTC) saw an upside of 1.09% to close Friday at $53.86 after adding $0.58 on the day. The 5-day average trading volume is 19,906,920 shares of the company’s common stock. It has gained $54.87 in the past week and touched a new high 1 time within the past 5 days. An average of 19,938,654 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 20,759,611.

INTC’s 1-month performance is 0.35% or $0.19 on its low of $52.32 reached on 09/20/21. The company’s shares have touched a 52-week low of $43.61 and high of $68.49, with the stock’s rally to the 52-week high happening on 04/12/21. YTD, INTC has achieved 8.11% or $4.04 and has reached a new high 13 times. However, the current price is down -21.36%% from the 52-week high price.


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Insider Transactions

On Sep 03, 31 days have gone by since the last insider trading activity for Intel Corporation (INTC). Bryant Gregory M (EVP, GM, CCG) most recently sold 1,418 shares at $53.41 per share on Sep 03. This transaction cost the insider $75,735. EVP General Counsel, Rodgers Steven Ralph, sold 2,972 shares at a price of $54.00 on Aug 02. Then, on Aug 02, VP Finance, Corp. Controller McBride Kevin Thomas sold 383 shares at a price of $54.00 per share. This transaction amounted to $20,682.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 26.51 and a low of 8.649. INTC stock has a beta of 0.59. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.78 while the price-to-book (PB) in the most recent quarter is 2.56, with the price to cash flow ratio at 18.59.

Intel Corporation pays an annual dividend of $1.39 per share. Its dividend yield is 2.58% and the payout ratio is 29.90%. INTC paid $0.3475 a share compared with prior rate of $0.3475, down 0.0% from last year’s. The company has boosted its dividend for the last 26 consecutive years with the latest dividend increase of $0.0175 reported on Friday January 22 2021. Measured over the last 3 years, the Dividend has been growing by 22.51% yearly.

It is projected that Intel Corporation’s next ex-dividend date will be on 4-Nov-2021. INTC is expected to distribute $0.3475 as its next dividend.

Intel Corporation’s quick ratio for the period ended June 29 was 1.60, with the current ratio over the same period at 2.00 meaning that INTC stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.37, while the total debt to equity was 0.42. In terms of profitability, the gross margin trailing 12 months is 55.60%The trailing 12-month EBITDA margin is 46.12% while for the period ending June 29; Intel Corporation’s operating margin was 26.00%. The firm’s gross profit as reported stood at $43.61 billion against revenue of $77.87 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Intel Corporation’s cash and short-term investments amounted to $17.1 billion against total debt of $35.41 billion. Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -0.49% to $19.63 billion, while revenue of $19.67 billion was -0.21% off the previous quarter. Analysts expected INTC to announce $1.06 per share in earnings in its latest quarter, but it posted $1.28, representing a 20.80% surprise. EBITDA for the quarter stood at more than $8.4 billion. INTC stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 69.39 billion, with total debt at $35.41 billion. Shareholders hold equity totaling $4.06 billion

Technical Picture

Let’s look briefly at Intel Corporation (INTC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 01 October was 50.16% to suggest the stock is trending Neutral, with historical volatility in this time period at 18.72%.

The stock’s 5-day moving average is $53.86, reflecting a -0.66% or -$0.36 change from its current price. INTC is currently trading +0.24% above its 20-day SMA, -2.14% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -3.75% and +6.31% respectively.

Stochastic %K and %D was 38.89% and 44.56% and the average true range (ATR) pointed at 0.93. The RSI (14) points at 49.86%, while the 14-day stochastic is at 49.36% with the period’s ATR at 0.94. The stock’s 9-day MACD Oscillator is pointing at -0.22 and -0.43 on the 14-day charts.

Analyst Ratings

Analysts offering their rating for INTC stock have a consensus rating for the stock as Hold. Currently, 7 brokerage advisors rate INTC as a “sell,”, while 16 advise that investors “Hold.” 3 analysts have rated the stock as underweight. 2 rates the stock as overweight while 13 have offered a “buy” rating.

What is INTC’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $40.00 and a high of $85.00, with their median price target at $60.00. Looking at these predictions, the average price target given by analysts is for Intel Corporation (INTC) stock is $61.98.

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