Intel today
(As of 12/12/2024 ET)
- 52 week range
- $18.51
▼
$51.28
- Dividend yield
- 2.41%
- Price target
- $30.04
More and more market participants are becoming aware of the quantum computing trends emerging in the technology sector at the moment. What was once a hot topic for AI has now turned into the next frontier for the industry. The potential and profit potential are not yet known, as the technology is still new.
However, one thing is certain, most – if not all – stocks dealing with supporting the future of this technology will likely see their share prices rise significantly from where they are trading today. However, not all stocks are created equal in this regard, as the names like Nvidia company Nasdaq: NVDA It’s already trading at a high premium to its historical averages, so most of the upside still set to come from support for quantum computing may already be priced into the stock today.
Unlike Nvidia, other names on the market offer a more logical entry into the future of quantum computing, e.g Alphabet company Nasdaq:Google Or even Advanced Micro Devices Company Nasdaq: AMDwhich offers a more attractive valuation compared to Nivida and other leaders. However, none of these stocks offer the kind of value — or catalysts — that can be found in their stocks Intel Corporation NASDAQ:INTEC Today, making it a best buy.
Intel stock’s exposure to quantum computing could push it higher
Intel is known for having one of the leaders in extreme ultraviolet (EUV) lithography in the chip industry. These technologies will become more important once the new US administration takes office and announces this Additional limitations on technology.
These restrictions would tighten the supply of chips and semiconductors away from China and Taiwan, making the world more dependent on American-made chips. This trend is sure to help Intel, as it builds factories in Arizona and Ohio with government funding, given how important the company is in the supply chain.
When it comes to exposure to quantum computing, Intel has developed its solutions Tunnel Falls chips next to another product A line called Lake Tangle. While Google got the lead in announcing its first quantum computer, WillowIntel will be tasked with supplying some of the chips needed to continue making such computers.
There have been signs of a potential institutional buildup at Intel from such trends, as indicated by the stock’s volume profile showing that most of the trading volume over the past 12 months was concentrated around the $22 to $22.50 per share range.
Aside from the volume readings, investors can check Intel’s institutional ownership reports, which show that State Street investors are boosting their positions in Intel shares by as much as 2.8% as of November 2024, bringing their net holdings to a high of $4.6 billion, or 4.6%. %. Ownership in the company.
Wall Street expects Intel shares to rise driven by key catalysts and strategic developments
Intel stock forecast today
$30.04
reduces
Based on 31 analyst ratings
| High expectations | $62.00 |
|---|---|
| Average expectations | $30.04 |
| Low expectations | $17.00 |
Intel stock forecast details
And from these recent institutional positions, or accumulations, in Intel stock, Wall Street analysts may have come up with a few plausible catalysts to explain what’s going on behind the scenes here. One driving factor is already clear: restrictions on Chinese exports will prioritize American chips in the markets, but there is much more to it than that.
Intel CEO, or former CEO Pat Gelsinger, has He recently resigned from his position and suddenly retired. While this may have been a bearish point for the stock in recent weeks, the uncertainty is likely already being priced in now, considering Intel stock is now trading at just 39% of its 52-week high.
What’s more, when a new CEO is inevitably announced, the certainty will likely push the stock up to a fairer valuation. Better yet, there may be an incentive to get a higher price for investors before the CEO announcement.
Another industry giant wants to buy Intel. Qualcomm company Nasdaq: Qcom It has approached Intel over the past two quarters, reaching… Takeover offer. Given where Intel is trading today, taking the company’s expected future earnings at this price would be a no-brainer.
According to Wall Street analysts, earnings are expected to swing from today’s net loss per share of $0.46 to net earnings per share (EPS) of $0.29 12 months from now. That kind of swing would ultimately justify the current consensus price of $30 per share that analysts have placed on Intel stock, if not more.
With a potential 50% upside on its back, Intel stock still has a forward PE ratio of 21.4x today, which is very close to Nvidia, Advance Micro Devices and others. As the market is trying to say, this means they are willing to pay the same premium for Intel as its competitors today, even though the shares are trading at a very cheap price.
There’s always a reason behind this behavior, and coupling it to recent accumulations could lead investors to conclude that Intel stock might be a better buy in the future of quantum computing.
Before you consider Intel, you’ll want to hear this.
MarketBeat tracks the highest-rated and best-performing research analysts on Wall Street and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches up… and Intel wasn’t on the list.
While Intel currently has a “Reduce” rating among analysts, the top-rated analysts think these 5 stocks are better buys.
View the five stocks here
Just get into the stock market? These 10 simple stocks can help novice investors build long-term wealth without knowing options, techniques, or other advanced strategies.
