Intel Target of Unusually High Options Trading (INTC)
Intel (NASDAQ:INTC) saw some unusual options trading on Wednesday. Investors purchased 172,517 call options on the stock, Analyst Ratings Network reports. This is an increase of 286% compared to the average volume of 44,740 call options.
INTC has been the subject of a number of recent research reports. Analysts at JPMorgan Chase & Co. raised their price target on shares of Intel from $32.00 to $37.00 in a research note on Friday, August 8th. Separately, analysts at Zacks reiterated an “outperform” rating on shares of Intel in a research note on Tuesday, August 5th. They now have a $41.00 price target on the stock. Finally, analysts at Bernstein raised their price target on shares of Intel from $28.00 to $31.00 in a research note on Wednesday, July 16th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $33.57.
Intel (NASDAQ:INTC) remained flat at $34.57 during during mid-day trading trading on Wednesday. The stock had a trading volume of 26,668,724 shares. Intel has a one year low of $22.28 and a one year high of $35.20. The stock has a 50-day moving average of $34.03 and a 200-day moving average of $28.78. The company has a market cap of $171.2 billion and a price-to-earnings ratio of 17.12.
Intel (NASDAQ:INTC) last released its earnings data on Tuesday, July 15th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.03. The company had revenue of $13.83 billion for the quarter, compared to the consensus estimate of $13.68 million. During the same quarter in the previous year, the company posted $0.39 earnings per share. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. Analysts expect that Intel will post $2.18 EPS for the current fiscal year.
Intel Corporation, incorporated in 1968, designs and manufactures integrated digital technology platforms.
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