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Equities research analysts at Jefferies Group lifted their price objective on shares of Intel (NASDAQ:INTC) from $35.00 to $40.00 in a research note issued to investors on Friday. Jefferies Group’s price target would indicate a potential upside of 43.06% from the company’s current price.

In other Intel news, President Renee Jo James unloaded 79,190 shares of Intel stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $27.50, for a total transaction of $2,177,725.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

A number of other firms have also recently commented on INTC. Analysts at Canaccord Genuity initiated coverage on shares of Intel in a research note on Tuesday. They set a “hold” rating and a $29.00 price target on the stock. Separately, analysts at Topeka Capital Markets reiterated a “buy” rating on shares of Intel in a research note on Thursday, June 5th. They now have a $30.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Intel in a research note on Friday, May 23rd. They now have a $27.00 price target on the stock. Four investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $29.18.

Intel (NASDAQ:INTC) traded up 7.15% during mid-day trading on Friday, hitting $29.96. 84,624,864 shares of the company’s stock traded hands. Intel has a one year low of $21.89 and a one year high of $28.42. The stock has a 50-day moving average of $26.76 and a 200-day moving average of $25.55. The company has a market cap of $149.1 billion and a P/E ratio of 14.96. Intel also saw a large drop in short interest in the month of May. As of May 30th, there was short interest totalling 170,211,540 shares, a drop of 4.2% from the May 15th total of 177,732,864 shares. Currently, 3.4% of the shares of the company are sold short. Based on an average daily volume of 24,560,599 shares, the days-to-cover ratio is presently 6.9 days.

Intel (NASDAQ:INTC) last announced its earnings results on Tuesday, April 15th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.01. The company had revenue of $12.80 billion for the quarter, compared to the consensus estimate of $12.81 billion. During the same quarter in the previous year, the company posted $0.40 earnings per share. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. Analysts expect that Intel will post $1.89 EPS for the current fiscal year.

Intel Corporation, incorporated in 1968, designs and manufactures integrated digital technology platforms.

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