Intel (INTC) Weak In Early Morning Trading
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
Trade-Ideas LLC identified
(
) as a pre-market laggard candidate. In addition to specific proprietary factors, Trade-Ideas identified Intel as such a stock due to the following factors:
- INTC has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $967.6 million.
- INTC traded 107,638 shares today in the pre-market hours as of 9:00 AM.
- INTC is down 4.3% today from yesterday's close.
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More details on INTC:
Intel Corporation designs, manufactures, and sells integrated digital technology platforms worldwide. It operates through PC Client Group, Data Center Group, Internet of Things Group, Mobile and Communications Group, Software and Services, and All Other segments. The stock currently has a dividend yield of 2.9%. INTC has a PE ratio of 14.2. Currently there are 16 analysts that rate Intel a buy, 4 analysts rate it a sell, and 11 rate it a hold.
The average volume for Intel has been 28.7 million shares per day over the past 30 days. Intel has a market cap of $155.0 billion and is part of the technology sector and electronics industry. The stock has a beta of 0.90 and a short float of 2.6% with 4.26 days to cover. Shares are down 12.7% year-to-date as of the close of trading on Tuesday.
Analysis:
rates Intel as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow.
Highlights from the ratings report include:
- Powered by its strong earnings growth of 45.09% and other important driving factors, this stock has surged by 37.67% over the past year, outperforming the rise in the S&P 500 Index during the same period. Regarding the stock's future course, although almost any stock can fall in a broad market decline, INTC should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
- INTEL CORP has improved earnings per share by 45.1% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, INTEL CORP increased its bottom line by earning $2.33 versus $1.88 in the prior year. This year, the market expects an improvement in earnings ($2.40 versus $2.33).
- The net income growth from the same quarter one year ago has greatly exceeded that of the S&P 500, but is less than that of the Semiconductors & Semiconductor Equipment industry average. The net income increased by 39.5% when compared to the same quarter one year prior, rising from $2,625.00 million to $3,661.00 million.
- Despite its growing revenue, the company underperformed as compared with the industry average of 10.7%. Since the same quarter one year prior, revenues slightly increased by 6.4%. Growth in the company's revenue appears to have helped boost the earnings per share.
- INTC's debt-to-equity ratio is very low at 0.24 and is currently below that of the industry average, implying that there has been very successful management of debt levels. Along with the favorable debt-to-equity ratio, the company maintains an adequate quick ratio of 1.19, which illustrates the ability to avoid short-term cash problems.
- You can view the full Intel Ratings Report.
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