Intel Share Price Forecast February 2022 – Time to Buy INTC?
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only.
Shares of American multinational corporation and technology company Intel (NASDAQ: INTC) are in the red today, after closing at $45.04 as of February 18th (19:59 EST). Intel shares have started to make a comeback as the company is in the process of regaining the manufacturing lead that it lost to rivals like Taiwan Semiconductor Manufacturing, popularly known as TSMC.
Intel – Technical Analysis
Intel’s financial statement indicates its market cap at $183.403 billion and total assets worth $168.406 billion. Revenue for 2021 was at $79.02 billion with a profit margin of 25.14% compared to $77.87 billion the year before.
Moving averages such as Exponential Moving Average (10)(47.78), Simple Moving Average (10)(48.03), Exponential Moving Average (20)(48.83), Simple Moving Average (20)(48.71) and Exponential Moving Average (30)(49.50) are indicating a sell action. Oscillators such as Relative Strength Index (14)(30.58), Stochastic %K (14, 3, 3)(26.13), Commodity Channel Index (20)(−220.78), Average Directional Index (14)(23.96) and Awesome Oscillator(−3.60) are neutral.
67% of all retail investor accounts lose money when trading CFDs with this provider
Recent Developments
Intel has ended 2021 with strong tailwinds, as its market share dropped to 74.4% of the x86 processor market at the end of 2021, from 78.3% of the x86 CPU (central processing unit) market in the fourth quarter of 2020. However, Intel performed well in the desktop CPU market. The company exited the fourth quarter with an 83.8% share of the space, compared to 80.7% at the end of the fourth quarter of 2020. In the notebook CPU market, Intel’s market share increased to 78.4% from 78% in the third quarter.
One of the biggest reasons for the company’s success in the desktop and notebook CPU market is its Alder Lake chips. Intel has also reclaimed the number one spot in the video gaming space thanks to the Alder Lake processors. The company’s new processors are not just more powerful than their AMD counterparts, but also aggressively priced, according to third-party benchmarkers. According to the company, Alder Lake processors are powering more than 140 models in 30 countries.
In Intel’s January earnings conference call, CEO Pat Gelsinger revealed that the company plans to keep up its momentum with the launch of its Raptor Lake client CPUs later this year. The Raptor Lake processors possess a series of improvements such as a bigger memory cache, more energy-efficient cores, and record boost frequency. The company is expected to follow this up with Meteor Lake products, which will be based on the Intel 4 process, which uses a 7-nanometer (nm) manufacturing node. All of this will help Intel tackle AMD’s competition.
Should You Buy INTC Shares?
Investors have had a couple of positive takeaways last year despite a flat revenue performance from Intel’s CGC. Positive metrics include an increase in the company’s desktop processor volume sales by 8% last year, while average selling prices (ASPs) increased 3%. It isn’t surprising that various analysts predict Intel to finish 2022 with a stronger pace of growth than the flat top-line performance than previously expected.
As revealed in the earnings report, Intel plans to rebuild its business, first reaccelerating sales growth into the “mid-to-high-single digits” range in 2023 and 2024. It also expects to generate 10% to 12% annual revenue growth by 2026. However, the company has also warned that it will be free cash flow negative this year. Most of its biggest promises are still years in the making. Considering these factors, investors should rush out and buy Intel shares at the moment.
Buy INTC Stock at eToro from just $50 Now!
