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Background: Intel designs, manufactures and sells integrated digital technology platforms primarily in the Asia-Pacific, the Americas, Europe and Japan. The company was founded in 1968 and is based in Santa Clara, Calif. Intel trades an average of 41 million shares per day with a market cap of $109 billion.
52-Week Range: $22.27 to $29.27
Book Value: $9.73
Price To Book: 2.2
Wall Street isn't expecting much this quarter. Earnings per share are expected to come in below last year for the same quarter. The third-quarter earnings release is scheduled after the market closes on Tuesday.
The consensus estimate is currently 50 cents a share, a decline of 15 cents (23.1%) from 65 cents during the corresponding period last year. Analysts are estimating as low as 47 cents per share, up to 54 cents per share.
Chris Laudani writes about Intel in
Intel Does Not Compute
Analysts have not reached a consensus. All else being equal, it's generally a bearish indication when the majority of analysts don't get behind a stock. Analysts love to push stocks, and no accord is almost the same as a sell rating. Twenty-eight out of 59 rate this a hold, 21 recommend buying and five recommend selling. The stock increased only 1% in the last year, and the average analyst target price for Intel is $25.56.
From a technical perspective, the chart on Intel looks intriguing. The 200-day moving average is climbing. At the same time, the price continues to fall and is now approaching the 200-day moving average support level. Regardless of this quarter's results, longer-term buy-and-hold investors should consider Intel as a strategic technology hold inside most portfolios.
Shareholders receive 86 cents annually in dividend payments. The yield based on a recent price is about 4%. The payout ratio is small enough to consider the dividend safe. Intel is my favorite stock pick in the technology sector reporting this week.
The short interest is slightly elevated, albeit not yet enough to make me worry. As long as it stays under 4%, I won't give it much thought. Short interest is 3.6%, and if it starts to trend higher I recommend monitoring for a possible exit.
INTC Revenue Quarterly
At the time of publication the author had no position in any of the stocks mentioned.
This article was written by an independent contributor, separate from TheStreet's regular news coverage.