Intel Corporation (INTC) was Reiterated by RBC Capital Mkts to “Sector Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 34 from a previous price target of $33 . RBC Capital Mkts advised their investors in a research report released on Jul 8, 2016.
Many Wall Street Analysts have commented on Intel Corporation. Credit Agricole Initiated Intel Corporation on May 17, 2016 to “Underperform”, Price Target of the shares are set at $30.Intel Corporation was Downgraded by Northland Capital to ” Market Perform” on Apr 20, 2016. Company shares were Reiterated by Jefferies on Apr 20, 2016 to “Buy”, Firm has raised the Price Target to $ 42 from a previous price target of $39 .
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 closed down -0.07 points or -0.21% at $32.68 with 2,01,07,191 shares getting traded on Tuesday. Post opening the session at $32.5, the shares hit an intraday low of $32.455 and an intraday high of $32.73 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
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.