Intel Corp. Given Neutral Rating at Sterne Agee (INTC)
Intel Corp. (NASDAQ:INTC)‘s stock had its “neutral” rating restated by research analysts at Sterne Agee in a report released on Thursday, AmericanBankingNews.com reports. They currently have a $25.95 target price on the stock, up from their previous target price of $20.00. Sterne Agee’s price objective suggests a potential downside of 0.02% from the company’s current price.
Shares of Intel Corp. (NASDAQ:INTC) opened at 25.51 on Thursday. Intel Corp. has a one year low of $20.10 and a one year high of $26.04. The stock’s 50-day moving average is $24.62 and its 200-day moving average is $23.66. The company has a market cap of $126.8 billion and a P/E ratio of 14.04.
Intel Corp. (NASDAQ:INTC) last posted its quarterly earnings results on Tuesday, October 15th. The company reported $0.58 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.54 by $0.04. The company had revenue of $13.48 billion for the quarter, compared to the consensus estimate of $13.47 billion. During the same quarter in the previous year, the company posted $0.58 earnings per share. The company’s revenue for the quarter was up .2% on a year-over-year basis. On average, analysts predict that Intel Corp. will post $1.90 earnings per share for the current fiscal year.
In other Intel Corp. news, VP William Holt unloaded 45,494 shares of the company’s stock on the open market in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $25.70, for a total transaction of $1,169,195.80. Following the completion of the transaction, the vice president now directly owns 23,325 shares of the company’s stock, valued at approximately $599,453. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
INTC has been the subject of a number of other recent research reports. Analysts at Wells Fargo & Co. reiterated a “top pick” rating on shares of Intel Corp. in a research note to investors on Thursday. Separately, analysts at TheStreet reiterated a “buy” rating on shares of Intel Corp. in a research note to investors on Friday, December 20th. Finally, analysts at Deutsche Bank downgraded shares of Intel Corp. to a “neutral” rating in a research note to investors on Wednesday, December 18th. Four analysts have rated the stock with a sell rating, twenty have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $24.66.
Intel Corporation designs and manufactures integrated digital technology platforms. A platform consists of a microprocessor and chipset.
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