Intel Corporation (NASDAQ:INTC) reached $223.81B by 11-January-19 in the wake of 0.76% advance. The shares gained some momentum after bears carried it down to $48.05. The final price for the day of 48.93 was still down from $49.291. The stock remained range bound between $48.05 and $49.291. Trading activity significantly weakened as the volume at ready counter decreased to 21,414,810 shares versus 27,916,980 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 25,435,375 shares. The stock is now 16.39% above against its bear-market low of $42.04 on February 09, 2018. It has retreated -17.72% since it’s 52-week high of $57.6 reached in June. Now the market price is up 15.13% on the year and up 4.26% YTD.
INTC’s 50 day simple moving average (SMA 50) price is $47.41 and its 200-day simple moving average (SMA 200) price is $49.48. The company’s stock currently has a total float of 4.56B shares. Its weekly volatility is hovering around 2.44% and felt 3.23% volatility in price over a month. On the upside, the share price will test short term resistance at around $49.46. On a downside, the stock is likely to find some support, which begins at $48.22. The failure to get near-term support could push it to $47.52.
Separately, it has been reported that multiple insider activity took place at Intel Corporation (INTC). EVP, GM – Data Center Group Shenoy Navin sold 8,552 shares for $49,909 in transaction occurred on 2018/12/18. After making this transaction, the EVP, GM – Data Center Group owns a direct stake of 409,897 shares, worth $2,442,047, as per the last closing price. On 2018/12/06 Swan Robert Holmes, Interim CEO [CFO] at INTC, purchased 5,263 shares at an average price of $46.74 per share. The new stake is valued at $6,873,001.
EVP, GM – Data Center Group, Shenoy Navin had divested 4,522 shares for $49,909 through a trade on 2018/12/03. Following this activity, the insider holds 226,100 shares worth $2,442,047 as of recent close. Wall Street’s most bullish Intel Corporation (NASDAQ:INTC) analysts are predicting the share price to blow past $70 per share during the next 12 months. The current median share price forecast by them is $55, suggesting that the stock could increase 12.41% in that time frame. The average price target of $55.18 calls for a nearly 12.77% increase in the stock price.
When looking at valuations, Intel Corporation (INTC) has a pricey P/E of 11.37x as compared to industry average of 7.69x. Moreover, it trades for 10.71 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 3.13x price/book and 3.23x price/sales. Compared to others, Intel Corporation is in a different league with regards to profitability, having net margins of 21.9%. To put some perspective around this, the industry’s average net margin is 21.22%. INTC’s ROE is 21.6%, which is also considerably better than the industry’s ROE of 9.21%. It’s also very liquid in the near term, with a current ratio of 1.5. The stock has a debt/capital of 0.39.
Shares of Intel Corporation (INTC) have gained 10.4% since the company’s Mar-19 earnings report. Over the past 12 fiscal quarters, Intel Corporation (NASDAQ:INTC) has topped consensus earnings estimates in 12 quarters (100%), missed earnings in 0 quarters (0%), whereas at 0 occasion EPS met analyst expectations. INTC last reported earnings on October 25, 2018 when it released Sep-18 results that exceeded expectations. The company raked in $1.4 per share, -93.48% change on the same period last year. That was better than consensus for $1.15. Revenue for the recent quarter stood at $19.16 billion, up 19% on last year and above the $18.11 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $16.37 billion to $19.24 billion, which should be compared with $15.65 billion generated last year. EPS is seen in a range of $0.96 to $1.15, against the $0.8 reported a year ago.