Intel Corporation (INTC) is Reiterated by Jefferies to Buy, Raises Price Target to $ 42

Intel Corporation (INTC) was Reiterated by Jefferies to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 42 from a previous price target of $39 . Jefferies advised their investors in a research report released on Apr 20, 2016.

Many Wall Street Analysts have commented on Intel Corporation. Intel Corporation was Downgraded by Northland Capital to ” Market Perform” on Apr 20, 2016. Shares were Reiterated by Wedbush on Apr 15, 2016 to “Outperform” and Lowered the Price Target to $ 39 from a previous price target of $41 .Intel Corporation was Initiated by Brean Capital to “Buy” on Apr 7, 2016.

On the company’s financial health, Intel Corporation reported $0.54 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Apr 19, 2016. Analyst had a consensus of $0.48. The company had revenue of $13801.00 million for the quarter, compared to analysts expectations of $13826.41 million. The company’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 EPS.

Intel Corporation opened for trading at $31.43 and hit $31.72 on the upside on Monday, eventually ending the session at $31.65, with a gain of 0.60% or 0.19 points. The heightened volatility saw the trading volume jump to 2,15,66,599 shares. Company has a market cap of $149,515 M.

Investors should note that on Mar 17, 2016, Intel Corporation announced a cash dividend of $0.2600. The company’s management has announced May 5, 2016 as the ex-dividend date and fixed the record date on May 7, 2016. The payable date has been fixed on Jun 1, 2016.

In a different news, on Mar 18, 2016, William M Holt (Exec VP GM, Tech & Mfg Grp) sold 7,720 shares at $32.15 per share price. According to the SEC, on Feb 3, 2016, Brian M Krzanich (CEO) sold 33,971 shares at $30.86 per share price. On Jan 29, 2016, Andy D Bryant (Chairman) sold 207,110 shares at $29.73 per share price, according to the Form-4 filing with the securities and exchange commission.

Intel Corporation is engaged in the design and manufacture of digital technology platforms. The Company sells these platforms to original equipment manufacturers (OEMs) original design manufacturers (ODMs) and industrial and communications equipment manufacturers in the computing and communications industries. The Company’s platforms are used to deliver a range of computing experiences in notebooks 2 in 1 systems desktops servers tablets smartphones and the Internet of Things. It also develops and sells software and services focused on security and technology integration. The Company’s 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. SSG segment includes McAfee and software and services group. All Other segment includes Non-Volatile Memory Solutions Group Netbook Group and New Devices Group.

Intel Corporation

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