Sunday, June 26, 2022

Investing in Intel Corporation (INTC): What You Must Know

Intel Corporation’s filing revealed that its EVP, CFO Zinsner David acquired Company’s shares for reported $0.25 million on May 03. In the deal valued at $44.73 per share,5,500 shares were bought. As a result of this transaction, Zinsner David now holds 8,803 shares worth roughly $ 0.33 million.


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Then, GELSINGER PATRICK P bought 5,500 shares, generating $245,184 in total proceeds. Upon buying the shares at $44.58, the CEO now owns 16,983 shares.

Before that, ISHRAK OMAR bought 11,025 shares. Intel Corporation shares valued at $497,323 were divested by the Director at a price of $45.11 per share. As a result of the transaction, ISHRAK OMAR now holds 46,224 shares, worth roughly $1.74 million.

Following these proceedings, Morgan Stanley downgraded its Intel Corporation [INTC] rating to an Underweight from a an Equal-weight in a research note published on Tuesday, March 03, 2022; the price target was decreased to $47 from $55. PT values the company’s stock at a premium of 19.72 to its Tuesday closing price. A number of analysts have revised their coverage, including DZ Bank’s analysts, who decreased its forecast for the stock in late February from “a Buy” to “a Hold”. Raymond James also remained covering INTC and has increased its forecast on February 23, 2022 with a “Mkt perform” recommendation from previously “an Underperform” rating. UBS maintained its rating on January 27, 2022. It rated INTC as “a Neutral”.

Price Performance Review of INTC

On Tuesday, Intel Corporation [NASDAQ:INTC] saw its stock jump 2.06% to $37.73. On the same session, the stock had its day’s lowest price of $37.325, but rose to a high of $38.025. Over the last five days, the stock has lost -0.11%. Intel Corporation shares have fallen nearly -26.74% since the year began. Nevertheless, the stocks have fallen -32.47% over the past one year. While a 52-week high of $57.83 was reached on 01/12/22, a 52-week low of $36.60 was recorded on 06/17/22. SMA at 50 days reached $43.55, while 200 days put it at $48.94. A total of 33.87 million shares were traded, compared to the trading of 71.39 million shares in the previous session.

Levels Of Support And Resistance For INTC Stock

The 24-hour chart illustrates a support level at 37.36, which if violated will result in even more drops to 36.99. On the upside, there is a resistance level at 38.06. A further resistance level may holdings at 38.39. The Relative Strength Index (RSI) on the 14-day chart is 33.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.43%. Stochastics %K at 7.48% indicates the stock is a buying.

Intel Corporation [INTC] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 333,192,090 shares, or roughly 8.15% of the outstanding INTC shares. In other words, the investor’s shares have risen by 5,339,679 from its previous 13-F filing of 327852411.0. Additionally, BlackRock Fund Advisors increased 0.95% of its stake after which the total value it holdings stand at $10,001,700,837, while SSgA Funds Management, Inc. added 1.06% of its stake to hold $7.95 billion in the firm. Over the last quarter, Capital Research & Management Co sold -7,022,117 shares of Intel Corporation, while Geode Capital Management LLC sold -708,358 shares. At present, Northern Trust Investments, Inc. is holding 48,930,799 shares valued at $2.17 billion. PRIMECAP Management Co. owned 43,253,961 shares of the company at the time of its most recent 13F filing, worth $1.92 billion.

According to FactSet, Intel Corporation’s share price will average $50.57 in the next year, based on opinions of analysts polled by the firm. This is up nearly 32.54 percent from its previous closing price of $36.97. Analysts expect Intel Corporation stock to reach the higher price of $75.00, while the lowest price estimate is $35.00. However, 40 analysts have rated INTC stock as a Hold in their predictions for 2022. The most recent change occurred on January 27, 2022 when Mizuho resumed its ‘”a Neutral”‘ rating for the stock and retained the price target to $53.

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