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

  • 10/20/2017 – Intel Corporation had its price target raised by analysts at Stifel Nicolaus from $41.00 to $46.00. They now have a “buy” rating on the stock.
  • 10/18/2017 – Intel Corporation had its “hold” rating reaffirmed by analysts at Goldman Sachs Group, Inc. (The).
  • 10/17/2017 – Intel Corporation was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $49.90 price target on the stock.
  • 10/11/2017 – Intel Corporation was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $44.36 price target on the stock.
  • 10/10/2017 – Intel Corporation had its price target raised by analysts at Susquehanna Bancshares Inc from $45.00 to $46.00. They now have a “positive” rating on the stock.
  • 10/9/2017 – Intel Corporation had its “buy” rating reaffirmed by analysts at Mizuho. They now have a $45.00 price target on the stock, up previously from $42.00.
  • 10/6/2017 – Intel Corporation had its “sector perform” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $40.00 price target on the stock, up previously from $37.00.
  • 10/3/2017 – Intel Corporation was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $42.80 price target on the stock.
  • 10/2/2017 – Intel Corporation was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 9/26/2017 – Intel Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Intel’s growing focus on the data-centric part of the business is positive. The launch of Xeon Scalable, Core 8 chips, Myriad X and next-generation desktop processors are key catalysts. The new desktop processors are expected to help Intel's gaming endeavors amid stiff competition from AMD and NVIDIA. Moreover, the Core 8 launch is expected to boost PC market share. 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. However, we note that Intel has underperformed the industry on a year-to-date basis. Moreover, declining PC-shipment remains a concern.”
  • 9/22/2017 – Intel Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $42.00 price target on the stock. According to Zacks, “Intel’s growing focus on the data-centric part of the business is positive. The launch of Xeon Scalable is anticipated to improve its footprint in the data center as well as AI space, going forward. The company recently unveiled Myriad X, which will boost footprint in the IoT space. Moreover, the recent Core 8 launch will boost PC market share amid intensifying competition from AMD. 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 is a headwind for the company. 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. However, we note that Intel has underperformed the industry on a year-to-date basis. Moreover, declining PC-shipments is a concern.”
  • 9/19/2017 – Intel Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Intel’s growing focus on the data-centric part of the business is positive. The launch of Xeon Scalable is anticipated to improve its footprint in the data center as well as AI space, going forward. The company recently unveiled Myriad X, which will boost footprint in the IoT space. Moreover, the recent Core 8 launch will boost PC market share amid intensifying competition from AMD. 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 is a headwind for the company. 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. However, we note that Intel has underperformed the industry on a year-to-date basis. Moreover, declining PC-shipments is a concern.”
  • 9/14/2017 – Intel Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $41.00 price target on the stock. According to Zacks, “Intel’s growing focus on the data-centric part of the business is positive. The launch of Xeon Scalable is anticipated to improve its footprint in the data center as well as AI space, going forward. The company recently unveiled Myriad X, which will boost footprint in the IoT space. Moreover, the recent Core 8 launch will boost PC market share amid intensifying competition from AMD. 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 is a headwind for the company. 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. However, we note that Intel has underperformed the industry on a year-to-date basis. Moreover, declining PC-shipments is a concern.”
  • 9/14/2017 – Intel Corporation had its “overweight” rating reaffirmed by analysts at J P Morgan Chase & Co.
  • 9/13/2017 – Intel Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Intel’s growing focus on the data-centric part of the business is positive. The launch of Xeon Scalable is anticipated to improve its footprint in the data center as well as AI space, going forward. The company recently unveiled Myriad X, which will boost footprint in the IoT space. Moreover, the recent Core 8 launch will boost PC market share amid intensifying competition from AMD. 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 is a headwind for the company. 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. However, we note that Intel has underperformed the industry on a year-to-date basis. Moreover, declining PC-shipments is a concern.”
  • 9/11/2017 – Intel Corporation had its “hold” rating reaffirmed by analysts at Canaccord Genuity. They now have a $38.00 price target on the stock.
  • 9/6/2017 – 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 growing focus on the data-centric part of the business is positive. The launch of Xeon Scalable is anticipated to improve its footprint in the data center as well as AI space, going forward. The company unveiled Myriad X, which will boost footprint in the IoT space. Moreover, the recent Core 8 launch will boost PC market share amid intensifying competition from AMD. 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 is a headwind for the company. 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. However, we note that Intel has underperformed the industry on a year-to-date basis. Moreover, declining PC-shipments is a concern.”
  • 9/5/2017 – Intel Corporation had its “outperform” rating reaffirmed by analysts at Robert W. Baird. They now have a $45.00 price target on the stock.
  • 9/4/2017 – Intel Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Intel’s growing focus on the data-centric part of the business is positive. The launch of Xeon Scalable is anticipated to improve its footprint in the data center as well as AI space, going forward. The company unveiled Myriad X, which will boost footprint in the IoT space. Moreover, the recent Core 8 launch will boost PC market share amid intensifying competition from AMD. 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 is a headwind for the company. 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. However, we note that Intel has underperformed the industry on a year-to-date basis. Moreover, declining PC-shipments is a concern.”
  • 9/1/2017 – Intel Corporation was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 8/31/2017 – 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 growing focus on the data-centric part of the business is positive. The launch of Xeon Scalable is anticipated to improve its footprint in the data center as well as AI space, going forward. The company unveiled Myriad X, which will boost footprint in the IoT space.Moreover, the recent Core 8 launch will boost PC market share amid intensifying competition from AMD. 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 is a headwind for the company. 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. However, we note that Intel has underperformed the industry on a year-to-date basis. Moreover, declining PC-shipments is a concern.”
  • 8/31/2017 – Intel Corporation had its “outperform” rating reaffirmed by analysts at Credit Suisse Group.
  • 8/31/2017 – Intel Corporation had its “sector perform” rating reaffirmed by analysts at Royal Bank Of Canada.
  • 8/29/2017 – Intel Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Intel’s second-quarter 2017 results demonstrated the company’s growing focus on the data-centric part of the business. The recent launch of Xeon Scalable is anticipated to benefit its footprint in the data center as well as AI and IoT space, going forward. 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. However, we note that Intel has underperformed the industry on a year-to-date basis, which can be attributed to growing competition from AMD in the data center space. We also 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. We believe that this is a significant headwind amid declining PC shipments.”
  • 8/25/2017 – Intel Corporation was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 8/24/2017 – Intel Corporation had its “sell” rating reaffirmed by analysts at Royal Bank Of Canada.
  • 8/24/2017 – Intel Corporation was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $41.56 price target on the stock.

Shares of Intel Corporation (NASDAQ INTC) opened at 40.43 on Monday. The firm has a market capitalization of $189.98 billion, a P/E ratio of 15.43 and a beta of 1.07. Intel Corporation has a one year low of $33.23 and a one year high of $40.45. The firm’s 50-day moving average is $37.91 and its 200 day moving average is $36.09.

Intel Corporation (NASDAQ:INTC) last announced its earnings results on Thursday, July 27th. The chip maker reported $0.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.04. Intel Corporation had a return on equity of 21.86% and a net margin of 20.60%. The business had revenue of $14.76 billion for the quarter, compared to analysts’ expectations of $14.39 billion. During the same period in the prior year, the business posted $0.59 earnings per share. The firm’s revenue was up 9.1% on a year-over-year basis. Equities research analysts predict that Intel Corporation will post $3.01 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Tuesday, November 7th will be issued a $0.2725 dividend. This represents a $1.09 annualized dividend and a yield of 2.70%. The ex-dividend date is Monday, November 6th. Intel Corporation’s payout ratio is presently 41.76%.

In other Intel Corporation news, EVP Diane M. Bryant sold 2,119 shares of the business’s stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $34.68, for a total value of $73,486.92. Following the transaction, the executive vice president now directly owns 108,471 shares of the company’s stock, valued at $3,761,774.28. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Diane M. Bryant sold 1,639 shares of the business’s stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $34.65, for a total value of $56,791.35. Following the completion of the transaction, the executive vice president now directly owns 114,542 shares in the company, valued at $3,968,880.30. The disclosure for this sale can be found here. Insiders sold 81,608 shares of company stock worth $3,095,110 over the last quarter. 0.08% of the stock is currently owned by company 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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