Intel Corporation (INTC) was Reiterated by Canaccord Genuity to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 44 from a previous price target of $40 . Canaccord Genuity advised their investors in a research report released on Sep 20, 2016.
Many Wall Street Analysts have commented on Intel Corporation. Intel Corporation was Initiated by Susquehanna to “Positive” on Sep 20, 2016. Company shares were Reiterated by Needham on Sep 19, 2016 to “Buy”, Firm has raised the Price Target to $ 43 from a previous price target of $38 .Company shares were Reiterated by UBS on Sep 19, 2016 to “Buy”, Firm has raised the Price Target to $ 43 from a previous price target of $40 .
On the company’s financial health, Intel Corporation reported $0.59 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $0.53. The company had revenue of $13533.00 million for the quarter, compared to analysts expectations of $13549.95 million. The company’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 EPS.
Intel Corporation opened for trading at $37.72 and hit $38.05 on the upside on Friday, eventually ending the session at $37.67, with a gain of 3.04% or 1.11 points. The heightened volatility saw the trading volume jump to 74,577,899 shares. Company has a market cap of $178,217 M.
In a different news, on Sep 7, 2016, Gregory R Pearson (Sr. VP, GM, Sales & Mktg Grp) sold 250,192 shares at $36.50 per share price. According to the SEC, on Jul 28, 2016, Venkata S M Renduchintala (EVP, Pres Client & IOT & SAG) sold 13,997 shares at $34.71 per share price. On Jul 27, 2016, Andy D Bryant (Chairman) sold 445,095 shares at $34.69 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.