There's some chatter in both the US and Europe about subsidizing chip manufacturing to help deal with the semiconductor shortage. That has sent chip stocks surging today, including Intel. I like Intel a lot, because it's quite reasonably valued for a chip company and has lots of plans for expanding its manufacturing capacity, which means it's poised to be a big beneficiary from any subsidies. Here are some vital statistics:
forward p/e: 12
forward p/s: 3
p/fcf: 12
forward div yield: 2.6%
patents per year per B$ market cap: 14
upside to median 4-year valuation: 8%
upside to average analyst price target: 20%
average S&P Global fundamentals rating: 70/100
average analyst score: 8/10
esg score: above average
put-call ratio: 0.9
Honestly, I think this is a long-term buy-and-hold. I had hoped for a dip to $52.20, but it looks like we may not get that low. Look for a close above resistance as confirmation of a breakout here. If we pull back and close below the resistance line, that's a signal that we may continue down to $52.20 after all.
forward p/e: 12
forward p/s: 3
p/fcf: 12
forward div yield: 2.6%
patents per year per B$ market cap: 14
upside to median 4-year valuation: 8%
upside to average analyst price target: 20%
average S&P Global fundamentals rating: 70/100
average analyst score: 8/10
esg score: above average
put-call ratio: 0.9
Honestly, I think this is a long-term buy-and-hold. I had hoped for a dip to $52.20, but it looks like we may not get that low. Look for a close above resistance as confirmation of a breakout here. If we pull back and close below the resistance line, that's a signal that we may continue down to $52.20 after all.
