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Analysts at JPMorgan Chase & Co. increased their price target on shares of Intel (NASDAQ:INTC) from $30.00 to $31.00 in a research report issued to clients and investors on Friday. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s target price points to a potential upside of 10.87% from the stock’s previous close.

In other Intel news, President Renee Jo James unloaded 79,190 shares of the company’s 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Intel (NASDAQ:INTC) traded up 7.17% during mid-day trading on Friday, hitting $29.965. The stock had a trading volume of 77,598,680 shares. Intel has a 52-week low of $21.89 and a 52-week 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 $149.2 billion and a P/E ratio of 14.96. Intel also saw a significant decrease in short interest during the month of May. As of May 30th, there was short interest totalling 170,211,540 shares, a decrease of 4.2% from the May 15th total of 177,732,864 shares. Currently, 3.4% of the company’s stock are sold short. Based on an average trading volume of 24,560,599 shares, the short-interest ratio is presently 6.9 days.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Tuesday, April 15th. The company reported $0.38 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.40 earnings per share. Intel’s revenue was up 1.5% compared to the same quarter last year. On average, analysts predict that Intel will post $1.89 earnings per share for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank raised their price target on shares of Intel from $30.00 to $35.00 in a research note on Friday. They now have a “buy” rating on the stock. Separately, analysts at Morgan Stanley upgraded shares of Intel from an “underweight” rating to an “equal weight” rating in a research note on Friday. They now have a $28.00 price target on the stock, up previously from $24.00. Finally, analysts at Roth Capital upgraded shares of Intel from a “neutral” rating to a “buy” rating in a research note on Friday. They now have a $35.00 price target on the stock, up previously from $28.00. Four analysts have rated the stock with a sell rating, sixteen have given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $29.18.

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

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