Wells Fargo & Co. Reiterates “Top Pick” Rating for Intel Corp. (INTC)
Intel Corp. (NASDAQ:INTC)‘s stock had its “top pick” rating reiterated by equities researchers at Wells Fargo & Co. in a research report issued on Thursday, AR Network reports.
Shares of Intel Corp. (NASDAQ:INTC) opened at 25.955 on Thursday. Intel Corp. has a 1-year low of $20.10 and a 1-year high of $26.04. The stock has a 50-day moving average of $24.62 and a 200-day moving average of $23.66. The company has a market cap of $129.0 billion and a price-to-earnings ratio of 14.04.
Intel Corp. (NASDAQ:INTC) last released its earnings data on Tuesday, October 15th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the 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. Analysts expect that Intel Corp. will post $1.90 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on INTC. Analysts at TheStreet reiterated a “buy” rating on shares of Intel Corp. in a research note to investors on Friday, December 20th. Separately, analysts at Deutsche Bank downgraded shares of Intel Corp. to a “neutral” rating in a research note to investors on Wednesday, December 18th. Finally, analysts at Barclays raised their price target on shares of Intel Corp. from $20.00 to $22.00 in a research note to investors on Tuesday, December 17th. Four analysts have rated the stock with a sell rating, twenty have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $24.45.
In other Intel Corp. news, VP William Holt sold 45,494 shares of the company’s stock in a transaction that occurred on Thursday, December 26th. The stock was 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Intel Corporation designs and manufactures integrated digital technology platforms. A platform consists of a microprocessor and chipset.
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