Intel Corporation (NASDAQ:INTC) stock is now trading at about $35.26 and lots of rating firms seem to have a target price set on the stock. The stock has an average rating of “Buy” and a consensus price target of $37.09. (NASDAQ:INTC) opened at 35.26 on Friday. Most recent session’s volume of 3.54 million shares greater than its average volume of 1.3 million shares. That is compared with the $0.64 in earnings per share it reported during the same period past year.
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Several research firms recently commented on INTC.
During the last trading session, the stock’s price changed +86.00% above its 200 day moving average of $26.20 and moving +28.18% upbeat it’s SMA 50 of $38.02. Currently, 1.3% of the company’s shares are short sold. According to a research note published on April 20, 2016, analysts at Northland Capital have lowered their rating on the company stock from Outperform to Market Perform. The chip maker reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.06. Intel Corp.’s revenue for the quarter was up 2.6% compared to the same quarter a year ago.
In last quarter ended 2015-12-31, Intel Corporation (NASDAQ:INTC) earnings came at $0.59 suggesting a deviation of $0.06. Shareholders of record on Sunday, August 7th will be paid a dividend of $0.26 per share. CapWealth Advisors LLC raised its position in Intel Corp.by 43.9% in the first quarter. If a stock has a rating of 1, it represents a strong recommendation to “buy”. The ex-dividend date is Wednesday, August 3rd. The shares were sold at an average price of $34.87, for a total transaction of $197,433.94. The share price of the stock surged 8.28% for the year. Following the completion of the transaction, the chairman now owns 399,557 shares of the company’s stock, valued at $13,860,632.33. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
In related news, EVP Venkata S.M. Renduchintala sold 13,997 shares of Intel Corp. stock in a transaction that occurred on Thursday, July 28th. The Company holds 201.86 million shares outstanding. The disclosure for this sale can be found here. Oppenheimer Holdings Inc. reiterated a “market perform” rating on shares of Intel Corp.in a report on Thursday, July 21st.
08/02/2016 – Intel Corporation had its “buy” rating reiterated by analysts at Nomura. The stock tapped a 52-week high of US$35.93 while the 12-month Consensus Price Target is US$37.58. Intel Corporation makes up approx 0.60% of Wfg Advisors Lp’s portfolio.Nippon Life Global Investors Americas reduced its stake in INTC by selling 90 shares or 0.03% in the most recent quarter.
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Intel Corporation designs, manufactures, and sells integrated digital technology platforms worldwide. The company’s platforms are used in various computing applications comprising notebooks, 2 in 1 systems, desktops, servers, tablets, smartphones, wireless and wired connectivity products, wearables, retail devices, and manufacturing devices, in addition to for retail, transportation, industrial, buildings, home use, and other market segments. The Companys operating segments include the PC Client Group (PCCG) the Data Center Group (DCG) the Internet of Things Group (IOTG) the Mobile and Communications Group (MCG) the software and services (SSG) and all other.
