Intel Corporation (NASDAQ: INTC): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Intel Corporation (INTC) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.58, or -2.00%, to $28.38. Volume reached 1,157,839 shares, with price reaching a high of $29.0591 and a low of $28.33. The stock was recently discussed on Yahoo Finance as it revealed that Intel Announces AI Global Impact Festival Grand Prize Winners.


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Stocks Info

INTC belongs to the Technology sector of the NASDAQ while operating in the Semiconductors industry. At the end of the last regular session, the stock closed at $28.47 and fluctuated between $29.59 as its day high and $28.46 as its day low. The current market capitalization of Intel Corporation is $115.30B. A total of 39.78 million shares were traded on the day, compared to an average of 39.22M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, INTC has seen 13 BUY and 13 SELL insider trades, representing the acquisition of 96,633 and the disposition of 46,497 shares. Over the last 12 months, there were 83 BUYs and 62 SELLs from insiders. Insiders purchased 619,858 shares during that period but sold 259,518.

In the most recent transaction, GELSINGER PATRICK P bought 14,800 shares of INTC for 33.86 per share on Aug 24. After the transaction, the CEO now owns 77,216 company shares. In a previous transaction on May 03, Zinsner David bought 5,500 shares at 44.73 per share. INTC shares that EVP, CFO owns now total 8,803.

Among the insiders who bought shares, GELSINGER PATRICK P acquired of 5,500 shares on May 02 at a per-share price of $44.58. This resulted in the CEO holding 16,983 shares of INTC after the transaction. In another insider transaction, ISHRAK OMAR bought 11,025 shares at $45.11 per share on Feb 22. Company shares held by the Director now total 46,224.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Intel Corporation pays an annual dividend of $1.46, resulting in a dividend yield of 5.13%, and it has a price to earnings (P/E) ratio of 6.10. INTC’s most recent ex-dividend date was 11/04/2022 when it declared a $0.365 quarterly dividend that was paid in cash on 12/01/2022. Previously, the company paid the dividend on 09/01/2022 with an ex-dividend date of 08/04/2022. The dividend was $0.365 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for INTC in the last 3 months, the mean price target is $37.51 with high estimates of $56.28 and low estimates of $20.00. In terms of 52-week highs and lows, INTC has a high of $56.28 and a low of $28.42.

As of this writing, INTC has an earnings estimate of $0.35 per share for the current quarter. EPS was calculated based on a consensus of 14 estimates, with a high estimate of $0.36 per share and a lower estimate of $0.29. The company reported an EPS of $0.29 in the last quarter, which was -57.97% lower than expectations of $0.69.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 37 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for INTC is Sell with a score of 2.64. A total of 6 analysts rated the stock as Buy while 1 rated it as Overweight while 21 rated it as Hold. Among the other participants, 2 thought the stock was Underweight and 7 thought it should be Sold.

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