Intel Corporation [INTC] stock Downgrade by Morgan Stanley analyst, price target now $47

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Intel Corporation [NASDAQ: INTC] traded at a low on 04/29/22, posting a -6.94 loss after which it closed the day’ session at $43.59.

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The results of the trading session contributed to over 70703165 shares changing hands. Over the past one week, the price volatility of Intel Corporation stands at 3.08% while the volatility over the past one month is 2.75%.

The market cap for INTC stock reached $191.51 billion, with 4.07 billion shares outstanding and 4.07 billion shares in the current float. Compared to the average trading volume of 35.91M shares, INTC reached a trading volume of 70703165 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Intel Corporation [INTC]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for INTC shares is $52.41 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on INTC stock is a recommendation set at 2.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Morgan Stanley have made an estimate for Intel Corporation shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on March 03, 2022. The new note on the price target was released on February 24, 2022, representing the official price target for Intel Corporation stock. On January 27, 2022, analysts decreased their price target for INTC shares from 58 to 53.

The Average True Range (ATR) for Intel Corporation is set at 1.52, with the Price to Sales ratio for INTC stock in the period of the last 12 months amounting to 2.42. The Price to Book ratio for the last quarter was 1.86, with the Price to Cash per share for the same quarter was set at 6.47. Price to Free Cash Flow for INTC in the course of the last twelve months was 5.10 with Quick ratio for the last quarter at 1.70.

How has INTC stock performed recently?

Intel Corporation [INTC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.34. With this latest performance, INTC shares dropped by -15.24% in over the last four-week period, additionally sinking by -9.34% over the last 6 months – not to mention a drop of -24.23% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for INTC stock in for the last two-week period is set at 36.73, with the RSI for the last a single of trading hit 33.11, and the three-weeks RSI is set at 39.31 for Intel Corporation [INTC]. The present Moving Average for the last 50 days of trading for this stock 47.44, while it was recorded at 45.65 for the last single week of trading, and 50.95 for the last 200 days.

Intel Corporation [INTC]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Intel Corporation [INTC] shares currently have an operating margin of +27.68 and a Gross Margin at +55.18. Intel Corporation’s Net Margin is presently recorded at +25.14.

Return on Equity for this stock inclined to 22.52, with Return on Assets sitting at 12.36.

Intel Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.70 and a Current Ratio set at 2.10.

Earnings analysis for Intel Corporation [INTC]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for INTC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Intel Corporation go to 3.28%.

Insider trade positions for Intel Corporation [INTC]

There are presently around $112,331 million, or 64.60% of INTC stock, in the hands of institutional investors. The top three institutional holders of INTC stocks are: VANGUARD GROUP INC with ownership of 344,558,754, which is approximately 1.285% of the company’s market cap and around 0.07% of the total institutional ownership; BLACKROCK INC., holding 331,347,190 shares of the stock with an approximate value of $14.44 billion in INTC stocks shares; and STATE STREET CORP, currently with $7.72 billion in INTC stock with ownership of nearly 3.676% of the company’s market capitalization.

Positions in Intel Corporation stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 1,512 institutional holders increased their position in Intel Corporation [NASDAQ:INTC] by around 147,304,255 shares. Additionally, 1,204 investors decreased positions by around 149,597,925 shares, while 245 investors held positions by with 2,280,080,940 shares. The mentioned changes placed institutional holdings at 2,576,983,120 shares, according to the latest SEC report filing. INTC stock had 264 new institutional investments in for a total of 32,090,210 shares, while 136 institutional investors sold positions of 19,107,445 shares during the same period.