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Intel (NASDAQ:INTC) President Renee Jo James sold 80,645 shares of Intel stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $29.75, for a total value of $2,399,188.75. Following the transaction, the president now directly owns 62,134 shares in the company, valued at approximately $1,848,487. The sale was disclosed in a document filed with the SEC, which is available at this link.

INTC has been the subject of a number of recent research reports. Analysts at BMO Capital Markets raised their price target on shares of Intel from $31.00 to $33.00 in a research note on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Nomura reiterated a “neutral” rating on shares of Intel in a research note on Friday. They now have a $27.00 price target on the stock, up previously from $25.00. Finally, analysts at Maxim Group raised their price target on shares of Intel from $27.00 to $30.00 in a research note on Friday. They now have a “hold” rating on the stock. Four analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $29.24.

Intel (NASDAQ:INTC) traded down 0.20% during mid-day trading on Tuesday, hitting $29.95. 28,440,810 shares of the company’s stock traded hands. Intel has a 52 week low of $21.89 and a 52 week high of $30.15. The stock has a 50-day moving average of $26.95 and a 200-day moving average of $25.66. The company has a market cap of $149.1 billion and a price-to-earnings ratio of 16.06. Intel also saw a significant decline in short interest in the month of May. As of May 30th, there was short interest totalling 170,211,540 shares, a decline of 4.2% from the May 15th total of 177,732,864 shares. Based on an average trading volume of 24,560,599 shares, the days-to-cover ratio is presently 6.9 days. Currently, 3.4% of the shares of the company are sold short.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Tuesday, April 15th. The company reported $0.38 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.40 earnings per share. The company’s quarterly revenue was up 1.5% on a year-over-year basis. Analysts expect that Intel will post $2.02 EPS for the current fiscal year.

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

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