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- 1 INTC stock price experienced weekly price decline.
- 2 Intel Corporation, last week, announced its Q2 2023 result.
INTC stock price rose slightly around the weekend. This week, the stock price dropped down over 4%. On July 27, 2023, Intel Corporation released its Q2 2023 report and after that, most of the time, INTC stock experienced bears’ dominance.
In the semiconductors industry, on August 7, 2023, Friday’s trading session, Advanced Micro Devices Inc. (NASDAQ: AMD) stock price noted maximum volume with over 83 Million in one day. NVIDIA Corp. (NASDAQ: NVDA), Applied Optoelectronics Inc. (NASDAQ: AAOI) and Intel Corp. (NASDAQ: INTC) are following AMD stock in terms of one day volume activity.
INTC Stock Price Analysis
Around the weekend, INTC stock price added $0.40 and rose 0.77% and closed at $35.14. The price range of the stock was between $35.56 to $34.48. The recent bullish performance of stock took INTC share price above its 20-day moving average, according to TradingView, a web-based social network for traders.
As the above price chart shows, the weekly price analysis may show bears’ dominance but with recent bulls’ support, INTC share price once again following an upside trend. On the other hand, the RSI of INTC stock also started rising.
Moreover, the analysts have set their one year price target at $36.91, which is over 5% from the recent closing price of INTC stock. They have set their maximum price estimate at $65.00 while the minimum estimate is at $17.00.
Q2 2023 Update of Intel Corp.
Intel Corporation (NASDAQ: INTC), an American multinational corporation and technology company, has a market cap of nearly $147.16 Billion. As per its recent Q2 2023 report, its net income is $1.48 Billion. INTC price-to-sales ratio is 2.71 while the company has an Enterprise Value to EBITDA ratio of 19.17.
INTC dividends are paid quarterly. The last dividend per share was $0.12 and as of today, Dividend Yield (TTM)% is 3.47%. INTC earnings per share (EPS) for Q2 2023 is $0.13 whereas the estimation was negative $0.04 which accounts for 443.37% surprise.
Company’s revenue for the same period amounts to $12.95 Billion despite the estimated figure of $12.12 Billion. The estimated EPS for the next quarter are $0.21, and revenue is expected to reach $13.40 Billion.
In 2022, the revenue of Intel Corporation amounted to $63.05 Billion. Out of which, $31.71 Billion came from its highest performing source at the moment, Client Computing.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
