On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, The Director officer (CEO) of Intel Corp, Krzanich Brian M sold 201,547 shares at $32.61 on June 3, 2015.
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Intel shares today are up 33 cents, or 1%, at $29.50. The average 12-month price target for Intel is $35.28, marking a 20.95% potential upside from where stock is currently trading. The highest estimate stands at 50 while the lowest target is $30. Analysts expected (on average) that Intel (NASDAQ:INTC) would hit total sales of $13.7 billion while the company itself has a slightly more conservative estimate, ranging from $12.7 billion to $13.7 billion. Also, President Renee Jo James sold 47,394 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The disclosure for this sale can be found here.
Intel Corporation (NASDAQ:INTC) has lost 4.53% during the past week and dropped 6.86% in the last 4 weeks. Most recently the firm reported earnings of $0.41 for the period ending on 2015-03-31.
Nokia Corporation (NOK) of the Technology is up 0.15% this morning at $6.71 and 2832034 shares.
The Santa Clara, Calif.-based semiconductor company, which supplies the chips that power the great majority of PCs and servers, expects flat revenue for the year, calling the PC business “challenging”.
The analyst also points to Data Center trends, saying that they “appear OK for now though the recent commentary for QLogic suggests that there may be some risk to [his] 9% QoQ growth forecast for Q2″.
On the other hand, Srini Pajjuri of CLSA weighed in on July 10, reiterating a Sell rating on stock, noting that Gartner and IDC’s reports should not go unnoticed. Based on the analysts taken into account by Zacks, the average rating now stands at 2.15 for Intel Corporation. Analysts at Cowen and Company reiterated a hold rating and set a $33.00 price target on shares of Intel in a research note on Friday. Analysts at Roth Capital reiterated a “buy” rating on shares of Intel in a research note on Friday. Five investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company.
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Intel Corporation, incorporated in 1968, designs and manufactures integrated digital technology platforms. The Company sells these platforms primarily to original equipment manufacturers (OEMs), original design manufacturers (ODMs), and industrial and communications equipment manufacturers in the computing and communications industries. The Company also develops and sells software and services primarily focused on security and technology integration. A platform consists of a microprocessor and chipset. The company is one of the world’s largest providers of PC, and some investors fear that the age of PC is over.
