INTC Stock Summary and Trading Ideas (Intel | NASDAQ:INTC)

Intel is a leading digital chipmaker, focused on the design and manufacturing of microprocessors for the global personal computer and data center markets. Intel pioneered the x86 architecture for microprocessors and was the prime proponent of Moore's law for advances in semiconductor manufacturing. Intel remains the market share leader in central processing units in both the PC and server end markets. Intel has also been expanding into new adjacencies, such as communications infrastructure, automotive, and the Internet of Things. Further, Intel expects to leverage its chip manufacturing capabilities into an outsourced foundry model where it constructs chips for others.

Intel trades on the NASDAQ stock market under the symbol INTC.

As of November 26, 2024, INTC stock price declined to $24.05 with 58,759,702 million shares trading.

INTC has a beta of 2.66, meaning it tends to be more sensitive to market movements. INTC has a correlation of 0.33 to the broad based SPY ETF.

INTC has a market cap of $103.73 billion. This is considered a Large Cap stock.

Last quarter Intel reported $13 billion in Revenue and -$.46 earnings per share. This beat revenue expectation by $264 million and missed earnings estimates by -$.44.

In the last 3 years, INTC traded as high as $56.28 and as low as $18.51.

The top ETF exchange traded funds that INTC belongs to (by Net Assets): VTI, VOO, QQQ, SPY, IVV.

INTC has underperformed the market in the last year with a price return of -44.4% while the SPY ETF gained +33.5%. However, in the short term, INTC had mixed performance relative to the market. It has outperformed in the last 3 months, returning +17.1% vs +7.2% return in SPY. But in the last 2 weeks, INTC shares have been beat by the market, returning -4.0% compared to an SPY return of +0.3%.

INTC support price is $24.23 and resistance is $25.51 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that INTC shares will trade within this expected range on the day.