Intel Corporation (INTC) was Reiterated by Cowen to “Market Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 36 from a previous price target of $32 . Cowen advised their investors in a research report released on Jul 11, 2016.
Many Wall Street Analysts have commented on Intel Corporation. Company shares were Reiterated by Cowen on Jul 11, 2016 to “Market Perform”, Firm has raised the Price Target to $ 36 from a previous price target of $32 .Company shares were Reiterated by RBC Capital Mkts on Jul 8, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 34 from a previous price target of $33 .Intel Corporation was Upgraded by Bernstein to ” Mkt Perform” on Jul 8, 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 $33.65 and hit $34 on the upside on Friday, eventually ending the session at $34, with a gain of 2.41% or 0.8 points. The heightened volatility saw the trading volume jump to 2,33,41,870 shares. Company has a market cap of $160,548 M.
In a different news, on Jul 6, 2016, Brian M Krzanich (CEO) sold 71,413 shares at $32.73 per share price. According to the SEC, on Jun 2, 2016, Venkata S M Renduchintala (EVP, Pres Client & IOT & SAG) sold 17,732 shares at $31.43 per share price. On May 25, 2016, Gregory R Pearson (Sr. VP, GM, Sales & Mktg Grp) sold 42,684 shares at $30.34 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 Companys 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 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. SSG segment includes McAfee and software and services group. All Other segment includes Non-Volatile Memory Solutions Group Netbook Group and New Devices Group.