Intel Corporation (INTC) Price Target: Is It Set To Rise Or Fall In Price?

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Intel Corporation (NASDAQ:INTC) finished Thursday with an addition of $0.67 to close at $26.21, an upside of 2.62 percent. An average of 31,546,820 shares of common stock have been traded in the last five days. There was a fall of -$0.62 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 36,375,191 shares traded, while the 50-day average volume stands at 39,146,605.

INTC stock has decreased by -9.31% in the last month. The company shares reached their 1-month lowest point of $25.35 on 12/22/22. With the stock rallying to its 52-week high on 01/12/22, shares of the company touched a low of $24.59 and a high of $56.28 in 52 weeks. It has reached a new high 4 times so far this year and lost -49.11% or -$25.29 in price. In spite of this, the price is down -53.43% from the 52-week high.


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Insider Transactions

INTC stock investors should be aware that Intel Corporation (INTC) stock had its last reported insider trading activity 331 days ago on Nov 16. In this transaction, the insider spent $1,105,383. EVP General Counsel, Rodgers Steven Ralph, disposed of 3,863 shares at a price of $48.81 on Feb 01. The insider now owns more than $188,553 worth of shares.

Valuation Metrics

Intel Corporation (INTC) has a trailing price-to-earnings (P/E) ratio of 8.09. The stock’s beta is 0.77. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.55, the price-to-book (PB) ratio at 1.08, and the price-to-cash flow ratio at 15.51.

The company has a payout ratio of 44.20%. The company’s most recent quarterly dividend payment was $0.3650 a share, without any change from last year. Its latest increase dividend $0.0175 reported on Wednesday January 26 2022.

Financial Health

The quick ratio of Intel Corporation for the three months ended September 29 was 1.30, and the current ratio was 1.80, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.37 and a total debt to equity ratio of 0.40 for the quarter ending September 29. Its gross profit as reported stood at $43.81 billion compared to revenue of $79.02 billion.

Earnings Surprise

For the three-month period that ended September 29, Intel Corporation had $18.03 billion in cash and short-term investments compared to $37.24 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $1.02 billion in the quarter, while revenues were shrunk -569.58%. The analyst consensus anticipated Intel Corporation’s latest quarter earnings to come in at $0.32 per share, but it turned out to be $0.59, a 84.40% surprise. For the quarter, EBITDA amounted to $3.08 billion. Shareholders own equity worth $4.13 billion.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Intel Corporation (INTC) price momentum. RSI 9-day as of the close on 29 December was 37.56%, suggesting the stock is Neutral, with historical volatility in this time frame at 30.49%.

As of today, INTC’s price is $25.95 -2.31% or -$0.62 from its 5-day moving average. INTC is currently trading -12.84% lower than its 20-day SMA and -25.92% lower than its 100-day SMA. However, the stock’s current price level is +1.31% above the SMA50 and -41.51% below the SMA200.

The stochastic %K and %D were 11.53% and 12.26%, respectively, and the average true range (ATR) was 0.78. With the 14-day stochastic at 18.14% and the average true range at 0.83, the RSI (14) stands at 38.72%. The stock has reached -0.41 on the 9-day MACD Oscillator while the 14-day reading was at -1.09.

Analyst Ratings

The consensus rating for Intel Corporation (INTC) among analysts is Hold. According to current brokerage recommendations, 8 brokerage firms advise that investors sell INTC, while 23 suggest investors hold. There are 2 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 5 others rate it as a “buy”.

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

Analysts predict a range of price targets between $18.00 and $52.00, with a median target of $29.00. Taking a look at these predictions, the average price target given by analysts for Intel Corporation (INTC) stock is $29.21.

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