Intel (INTC, $55.96) beats Q2 earnings expectations
Technology giant Intel posted its second-quarter earnings that topped analysts’ expectations.
Intel’s reported earnings came in at $1.28 a share, exceeding the $1.07 a share expected by analysts polled by FactSet. The figure is also higher than the year-ago quarter’s $1.14 a share.
Revenue rose +2% year-over-year to $18.5 billion in the quarter, also surpassing the $17.8 billion predicted by analysts surveyed by FactSet.
Revenue from the Client Computing Group, which includes chips for PCs, rose +6% from the year-ago quarter to $10.1 billion. Sales from chips for data centers segment were down -9% year-over-year to $6.5 billion.
Intel has predicted adjusted third-quarter revenue of about $18.2 billion, compared with the FactSet estimate of $18.1 billion.
The company now projects annual adjusted revenue of $73.5 billion, higher than its prior forecast of $72.5 billion. FactSet consensus is $72.7 billion.
Momentum Indicator for INTC turns positive, indicating new upward trend
INTC saw its Momentum Indicator move above the 0 level on May 13, 2022. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 85 similar instances where the indicator turned positive. In 62 of the 85 cases, the stock moved higher in the following days. The odds of a move higher are at 73%.
Current price $43.60 crossed the support line at $43.03 and is trading between $45.17 resistance and $43.03 support lines. Throughout the month of 04/12/22 - 05/13/22, the price experienced a -5% Downtrend. During the week of 05/06/22 - 05/13/22, the stock fell -2%.
The Stochastic Indicator shows that the ticker has stayed in the oversold zone for 4 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a +1.80% 3-day Advance, the price is estimated to grow further. Considering data from situations where INTC advanced for three days, in 197 of 312 cases, the price rose further within the following month. The odds of a continued upward trend are 63%.
INTC may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
INTC moved below its 50-day Moving Average on April 21, 2022 date and that indicates a change from an upward trend to a downward trend.
The 10-day Moving Average for INTC crossed bearishly below the 50-day moving average on April 13, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In 9 of 14 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 64%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where INTC declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 54%.
The Aroon Indicator for INTC entered a downward trend on May 11, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 80%. During the last month, the daily ratio of advancing to declining volumes was 1.07 to 1.
The Tickeron Valuation Rating of 8 (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.729) is normal, around the industry mean (6.374). P/E Ratio (7.241) is within average values for comparable stocks, (47.651). Projected Growth (PEG Ratio) (2.432) is also within normal values, averaging (1.567). Dividend Yield (0.033) settles around the average of (0.020) among similar stocks. P/S Ratio (2.296) is also within normal values, averaging (28.261).
The Tickeron SMR rating for this company is 41 (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is 51 (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 64, placing this stock slightly better than average.
The Tickeron Price Growth Rating for this company is 59 (best 1 - 100 worst), indicating steady price growth. INTC’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is 67 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The semiconductor industry manufacturers all chip-related products, including research and development. These chips are used in innumerable electronic devices, including computers, cell phones, smartphones, and GPSs. Intel Corporation, NVIDIA Corp., and Broadcomm are some of the prominent players in this industry. Semiconductor companies usually tend to do well during periods of healthy economic growth, thereby inducing further research and development in the industry – which in turn augurs well for productivity and growth in the economy. In the near future, demand for semiconductor products (and possibly innovation within the segment) should only expand further, with the proliferation of 5G, autonomous vehicles, IoT, and various AI-driven electronics set to herald a new, advanced chapter in the technology-driven world as we know it. With burgeoning prospects comes great competition. In 2015, SIA estimated that U.S. semiconductor industry ranks as the second most competitive U.S. industry out of 2882 U.S. industries designated manufacturers by the U.S. Census Bureau.
The average market capitalization across the Semiconductors Industry is 21.1B. The market cap for tickers in the group ranges from 13.4K to 515.7B. NVDA holds the highest valuation in this group at 515.7B. The lowest valued company is CYBL at 13.4K.
The average weekly price growth across all stocks in the Semiconductors Industry was -2.38%. For the same Industry, the average monthly price growth was -6.82%, and the average quarterly price growth was -24.48%. BCHPY experienced the highest price growth at 15.33%, while WSKEF experienced the biggest fall at -63.1%.
- 5/12/22 5:38 AM: Intel (INTC, $42.83) was a top loser this week, declining -7.24%. Expect a Downtrend reversal
- 3/29/22 5:17 AM: Intel (INTC, $51.51) was a top weekly gainer, with a +8.69% jump
- 3/22/22 5:13 AM: Intel (INTC, $47.39) was a top weekly gainer, with a +6.73% jump
The average weekly volume growth across all stocks in the Semiconductors Industry was 3.39%. For the same stocks of the Industry, the average monthly volume growth was 32.54% and the average quarterly volume growth was 17.62%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Negative Outlook today, backed by the MA200MA50 Indicator. Tickeron has a negative outlook on this group and predicts a further decline by more than 4.00% within the next month with a likelihood of 45%. During the last month, the daily ratio of advancing to declining volumes was 1.04 to 1.
50 stocks in the group of tickers exhibit a similar negative trend based on the TrendWeek indicator with an average likelihood of 73%.
The most notable companies in this group are NVIDIA Corp (NASDAQ:NVDA), Taiwan Semiconductor Manufacturing Company Ltd (NYSE:TSM), Broadcom (NASDAQ:AVGO), Intel Corp (NASDAQ:INTC), Texas Instruments (NASDAQ:TXN), Advanced Micro Devices (NASDAQ:AMD), Analog Devices (NASDAQ:ADI), Micron Technology (NASDAQ:MU), KLA Corp (NASDAQ:KLAC), Marvell Technology (NASDAQ:MRVL).
The average market capitalization across the group is 24.6B. The market cap for tickers in the group ranges from 0 to 515.7B. NVDA holds the highest valuation in this group at 515.7B. The lowest valued company is SNTE at 0.
- 5/10/22 5:36 AM: NVIDIA (NVDA, $169.5), market cap jumped by $26.1B
- 5/6/22 5:04 AM: NVIDIA (NVDA, $188.44) saw a $53.5B market cap increase this week
- 5/6/22 5:04 AM: Taiwan Semiconductor Manufacturing (TSM, $92.15), market cap dropped by $20.6B
The average weekly price growth across all stocks in the group was -2.86%. For the same group, the average monthly price growth was -7.7%, and the average quarterly price growth was -29.27%. CPMV experienced the highest price growth at 30.43%, while WISA experienced the biggest fall at -33.54%.
- 5/14/22 4:24 AM: Shoals Technologies Group (SHLS, $12.58) was a top loser this week, declining -7.3%
- 5/14/22 4:24 AM: Rambus (RMBS, $24.42) was a top loser this week, declining -5.28%. Expect a Downtrend reversal
- 5/14/22 4:24 AM: Entegris (ENTG, $109.24) was a top loser this week, declining -5.06%. Expect a Downtrend reversal
The average weekly volume growth across all stocks in the group was 46.37%. For the same stocks of the group, the average monthly volume growth was 180.06% and the average quarterly volume growth was 158.9%
- 5/12/22 5:32 AM: The volume for WiSA Technologies stock increased for one day, resulting in a record-breaking daily growth of 311% of the 65-Day Volume Moving Average
- 5/7/22 5:22 AM: The volume for Infineon Technologies AG stock increased for one day, resulting in a record-breaking daily growth of 506% of the 65-Day Volume Moving Average
- 5/7/22 5:22 AM: The volume for Silicon Motion Technology stock increased for one day, resulting in a record-breaking daily growth of 276% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows