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Wednesday, March 22, 2023

Analyst Expects Intel Corporation (NASDAQ: INTC) To Make Big Moves

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Intel Corporation (INTC) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.03, or -0.11%, to $28.38. The Intel Corporation has recorded 1,777,395 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Intel’s Transition of OpenFL Primes Growth of Confidential AI.

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Stocks Info

As a NASDAQ listed company, INTC falls under the Technology sector while operating within the Semiconductors industry segment. At the end of the last regular session, the stock closed at $28.41 and fluctuated between $28.50 as its day high and $27.66 as its day low. The current market capitalization of Intel Corporation is $114.16B. A total of 48.95 million shares were traded on the day, compared to an average of 43.39M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, INTC has seen 21 BUY and 17 SELL insider trades, representing the acquisition of 203,451 and the disposition of 73,119 shares. Over the last 12 months, there were 77 BUYs and 61 SELLs from insiders. Insiders purchased 728,816 shares during that period but sold 252,237.

In the most recent transaction, GELSINGER PATRICK P bought 9,700 shares of INTC for 25.68 per share on Feb 23. After the transaction, the CEO now owns 18,700 company shares. In a previous transaction on Feb 21, Holthaus Michelle Johnston sold 695 shares at 26.57 per share. INTC shares that EVP & GM, CCG owns now total 181,039.

Among the insiders who bought shares, GELSINGER PATRICK P acquired of 9,000 shares on Jan 31 at a per-share price of $27.83. This resulted in the CEO holding 9,000 shares of INTC after the transaction. In another insider transaction, Zinsner David bought 7,250 shares at $27.75 per share on Jan 31. Company shares held by the EVP, CFO now total 71,339.


Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Intel Corporation pays an annual dividend of $0.50, resulting in a dividend yield of 1.76%, and it has a price to earnings (P/E) ratio of 14.56. INTC’s most recent ex-dividend date was 5/4/2023 when it declared a $0.1250 quarterly dividend that was paid in cash on 6/1/2023. Previously, the company paid the dividend on 3/1/2023 with an ex-dividend date of 2/6/2023. The INTC stock dividend was $0.3650 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, INTC has a high of $52.51 and a low of $24.59.

As of this writing, INTC has an earnings estimate of -$0.15 per share for the current quarter. EPS was calculated based on a consensus of 28 estimates, with a high estimate of -$0.11 per share and a lower estimate of -$0.22. The company reported an EPS of $0.59 in the last quarter, which was 84.40% higher than expectations of $0.32.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 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 Buy with a score of 2.82.

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