Several analysts have recently updated their ratings and price targets for Intel Corporation (NASDAQ: INTC):

  • 7/17/2017 – Intel Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Intel has underperformed the S&P 500 index on a year-to-date basis. We note that the top-PC makers like HP, Lenovo, and Asus are set to launch PCs based on Qualcomm’s ARM-based Snapdragon processor, which intensifies competition for Intel. Additionally, increasing competition from AMD's recently launched EPYC server chip is also a headwind.  Moreover, declining PC shipment is a major concern for Intel. Meanwhile, estimates have been going down ahead of the company's Q2 earnings release. However, we note that the company has positive record of earnings surprises in the recent quarters. We believe that upcoming launch of Skylake will drive data center results in the second half. Additionally, aggressive share buyback will boost the bottom line in 2017.”
  • 7/14/2017 – Intel Corporation had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $37.00 price target on the stock.
  • 7/14/2017 – Intel Corporation had its “overweight” rating reaffirmed by analysts at Wells Fargo & Company.
  • 7/14/2017 – Intel Corporation had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $39.00 price target on the stock.
  • 7/14/2017 – Intel Corporation had its “outperform” rating reaffirmed by analysts at Macquarie. They now have a $40.00 price target on the stock.
  • 7/14/2017 – Intel Corporation had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $38.00 price target on the stock.
  • 7/14/2017 – Intel Corporation had its “underperform” rating reaffirmed by analysts at Sanford C. Bernstein. They now have a $30.00 price target on the stock.
  • 7/14/2017 – Intel Corporation had its “market perform” rating reaffirmed by analysts at Oppenheimer Holdings, Inc..
  • 7/14/2017 – Intel Corporation had its “underperform” rating reaffirmed by analysts at Raymond James Financial, Inc..
  • 7/13/2017 – Intel Corporation had its “outperform” rating reaffirmed by analysts at Robert W. Baird. They now have a $42.00 price target on the stock.
  • 7/12/2017 – Intel Corporation had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $43.00 price target on the stock. They wrote, “Yesterday, we attended Intel’s official launch event for its Xeon Scalable Platform, formerly known by its Purley code name. Xeon Scalable was touted as the company’s biggest server platform advancement in the last decade with 1.65x better performance and 2x security improvement relative to Broadwell processors. Overall, Xeon Scalable systems offer a 65% lower TCO compared to 4-year- old server systems. With significant performance gains offered by the new platform, we believe Xeon Scalable will drive a refresh in the data center and enterprise segments and will be key in driving DCG revenue growth back to the double digits next year. Overall, we come away positive on INTC shares and expect the ramp to positively impact CAVM, IDTI, MPWR and MSCC within our coverage universe.””
  • 7/12/2017 – Intel Corporation is now covered by analysts at Hilliard Lyons. They set a “buy” rating and a $41.00 price target on the stock.
  • 7/12/2017 – Intel Corporation had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a $38.00 price target on the stock.
  • 7/10/2017 – Intel Corporation was downgraded by analysts at Jefferies Group LLC from a “hold” rating to an “underperform” rating. They now have a $28.00 price target on the stock, down previously from $29.00.
  • 7/5/2017 – Intel Corporation was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 7/4/2017 – Intel Corporation had its “hold” rating reaffirmed by analysts at Canaccord Genuity. They now have a $38.00 price target on the stock.
  • 7/4/2017 – Intel Corporation had its “neutral” rating reaffirmed by analysts at Credit Suisse Group. They now have a $35.00 price target on the stock.
  • 7/4/2017 – Intel Corporation had its “outperform” rating reaffirmed by analysts at Wells Fargo & Company. They now have a $45.00 price target on the stock.
  • 6/27/2017 – Intel Corporation had its “outperform” rating reaffirmed by analysts at Wells Fargo & Company.
  • 6/27/2017 – Intel Corporation was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 6/22/2017 – Intel Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $39.00 price target on the stock. According to Zacks, “Intel’s latest quarterly result demonstrated a turnaround in the company’s businesses after a long time. The company’s upcoming launch of Skylake is anticipated to benefit data center results in the second half. Moreover, the company revised up its 2017 revenue and EPS outlook based on improving average selling price (ASP). Further, anticipated improvement in cost structure and lower spending, primarily due to improving operational efficiency will aid in expansion of margins going forward. Additionally, aggressive share buyback will boost the bottom line in 2017. We note that Intel has underperformed the broader market on a year-to-date basis. We note that the top-PC makers like HP, Lenovo, and Asus are set to launch PCs based on Qualcomm’s ARM-based Snapdragon processor, which intensifies competition for Intel. Additionally, increasing competition from AMD is also a headwind.”
  • 6/21/2017 – Intel Corporation was downgraded by analysts at Bank of America Corporation from a “buy” rating to a “neutral” rating. They now have a $38.00 price target on the stock, down previously from $42.00.
  • 6/21/2017 – Intel Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Intel has underperformed the S&P 500 index on a year-to-date basis. We note that the top-PC makers like HP, Lenovo, and Asus are set to launch PCs based on Qualcomm’s ARM-based Snapdragon processor, which intensifies competition for Intel. Additionally, increasing competition from AMD is also a headwind. Moreover, PC shipment is expected to remain sluggish due to increasing DRAM and NAND prices, which will hurt Intel’s top-line growth going ahead in 2017. Nevertheless, we believe that upcoming launch of Skylake will drive data center results in the second half. Moreover, the company revised up its 2017 revenue and EPS outlook based on improving average selling price (ASP). Further, anticipated improvement in cost structure and lower spending, primarily due to improving operational efficiency will aid in expansion of margins going forward. Additionally, aggressive share buyback will boost the bottom line in 2017.”
  • 6/16/2017 – Intel Corporation had its “underperform” rating reaffirmed by analysts at Raymond James Financial, Inc..
  • 6/16/2017 – Intel Corporation was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 6/12/2017 – Intel Corporation was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $40.45 price target on the stock.
  • 6/7/2017 – Intel Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $40.00 price target on the stock. According to Zacks, “Intel’s first-quarter 2017 results demonstrated a turnaround in the company’s businesses after a long time. The upcoming launch of Skylake is anticipated to benefit data center results in the second half. Moreover, the company revised up its 2017 revenue and EPS outlook based on improving average selling price (ASP). Further, anticipated improvement in cost structure and lower spending, primarily due to improving operational efficiency will aid in expansion of margins going forward. Additionally, aggressive share buyback will boost the bottom line in 2017. We note that Intel has underperformed the broader market on a year-to-date basis. We note that the top-PC makers like HP, Lenovo, and Asus are set to launch PCs based on Qualcomm’s ARM-based Snapdragon processor, which intensifies competition for Intel. Additionally, increasing competition from AMD is a headwind.”
  • 6/5/2017 – Intel Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Intel has underperformed the S&P 500 index on a year-to-date basis. We note that the top-PC makers like HP, Lenovo, and Asus are set to launch PCs based on Qualcomm’s ARM-based Snapdragon processor, which intensifies competition for Intel. Additionally, increasing competition from AMD is also a headwind. Moreover, PC shipment is expected to remain sluggish due to increasing DRAM and NAND prices, which will hurt Intel’s top-line growth going ahead in 2017. Nevertheless, we believe that IBM’s upcoming launch of Skylake will drive data center results in the second half. Moreover, the company revised up its 2017 revenue and EPS outlook based on improving average selling price (ASP). Further, anticipated improvement in cost structure and lower spending, primarily due to improving operational efficiency will aid in expansion of margins going forward. Additionally, aggressive share buyback will boost the bottom line in 2017.”
  • 6/3/2017 – Intel Corporation had its “hold” rating reaffirmed by analysts at Canaccord Genuity.
  • 6/3/2017 – Intel Corporation was given a new $38.00 price target on by analysts at Jefferies Group LLC. They now have a “hold” rating on the stock.
  • 5/22/2017 – Intel Corporation was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $39.43 price target on the stock.

Intel Corporation (INTC) traded down 0.61% on Monday, reaching $34.47. The company’s stock had a trading volume of 21,044,407 shares. The firm’s 50-day moving average price is $35.45 and its 200 day moving average price is $36.07. Intel Corporation has a 52-week low of $33.23 and a 52-week high of $38.45. The company has a market cap of $162.32 billion, a P/E ratio of 14.92 and a beta of 1.00.

Intel Corporation (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, April 27th. The chip maker reported $0.66 EPS for the quarter, beating the consensus estimate of $0.65 by $0.01. The company had revenue of $14.80 billion for the quarter, compared to the consensus estimate of $14.80 billion. Intel Corporation had a net margin of 18.57% and a return on equity of 21.48%. The firm’s revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.54 EPS. Equities analysts anticipate that Intel Corporation will post $2.86 EPS for the current fiscal year.

In related news, insider Stacy J. Smith sold 29,497 shares of the company’s stock in a transaction dated Friday, April 21st. The shares were sold at an average price of $36.28, for a total transaction of $1,070,151.16. Following the transaction, the insider now directly owns 318,654 shares in the company, valued at approximately $11,560,767.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brian M. Krzanich sold 72,173 shares of the company’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $33.69, for a total transaction of $2,431,508.37. Following the transaction, the chief executive officer now owns 534,746 shares in the company, valued at $18,015,592.74. The disclosure for this sale can be found here. Insiders have sold a total of 119,994 shares of company stock worth $4,166,359 over the last quarter. 0.09% of the stock is currently owned by insiders.

Intel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud. The Company’s segments are Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG).

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