Intel Corporation (NASDAQ: INTC) has recently received a number of price target changes and ratings updates:

  • 8/15/2017 – Intel Corporation was given a new $30.00 price target on by analysts at Sanford C. Bernstein. They now have a “sell” rating on the stock.
  • 8/10/2017 – Intel Corporation was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 8/9/2017 – Intel Corporation had its “hold” rating reaffirmed by analysts at Goldman Sachs Group, Inc. (The).
  • 8/8/2017 – Intel Corporation was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $40.26 price target on the stock.
  • 8/2/2017 – Intel Corporation had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $46.00 price target on the stock.
  • 8/2/2017 – Intel Corporation was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $40.97 price target on the stock.
  • 8/1/2017 – Intel Corporation was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 7/31/2017 – Intel Corporation was downgraded by analysts at Wells Fargo & Company to a “market weight” rating.
  • 7/31/2017 – Intel Corporation was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. They now have a $40.00 price target on the stock. 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 broader market 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.”
  • 7/31/2017 – Intel Corporation had its “buy” rating reaffirmed by analysts at UBS AG. They now have a $40.00 price target on the stock, down previously from $41.00.
  • 7/31/2017 – Intel Corporation had its “hold” rating reaffirmed by analysts at Goldman Sachs Group, Inc. (The). They now have a $39.00 price target on the stock.
  • 7/30/2017 – Intel Corporation had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $41.00 price target on the stock, up previously from $39.00.
  • 7/30/2017 – Intel Corporation had its “buy” rating reaffirmed by analysts at Mizuho. They now have a $42.00 price target on the stock.
  • 7/30/2017 – Intel Corporation had its “outperform” rating reaffirmed by analysts at Wells Fargo & Company. They now have a $45.00 price target on the stock.
  • 7/30/2017 – Intel Corporation had its “buy” rating reaffirmed by analysts at Charter Equity.
  • 7/30/2017 – Intel Corporation had its “outperform” rating reaffirmed by analysts at Robert W. Baird. They now have a $45.00 price target on the stock, up previously from $42.00.
  • 7/30/2017 – Intel Corporation had its “market perform” rating reaffirmed by analysts at BMO Capital Markets. They now have a $34.00 price target on the stock.
  • 7/29/2017 – Intel Corporation was given a new $35.00 price target on by analysts at Credit Suisse Group AG. They now have a “hold” rating on the stock.
  • 7/28/2017 – Intel Corporation had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $46.00 price target on the stock.
  • 7/28/2017 – Intel Corporation had its “hold” rating reaffirmed by analysts at Oppenheimer Holdings, Inc..
  • 7/28/2017 – Intel Corporation was given a new $40.00 price target on by analysts at Northland Securities. They now have a “hold” rating on the stock.
  • 7/28/2017 – Intel Corporation had its “buy” rating reaffirmed by analysts at Loop Capital. They now have a $45.00 price target on the stock, up previously from $43.00.
  • 7/28/2017 – Intel Corporation had its “underperform” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $30.00 price target on the stock, up previously from $29.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 7/24/2017 – Intel Corporation was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 7/22/2017 – Intel Corporation had its “hold” rating reaffirmed by analysts at Summit Redstone.
  • 7/21/2017 – Intel Corporation had its “overweight” rating reaffirmed by analysts at Barclays PLC.
  • 7/18/2017 – Intel Corporation had its “sell” rating reaffirmed by analysts at Rosenblatt Securities.
  • 7/18/2017 – Intel Corporation had its “buy” rating reaffirmed by analysts at MKM Partners. They now have a $42.00 price target on the stock.
  • 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 AG. 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.”

Intel Corporation (NASDAQ INTC) opened at 36.00 on Wednesday. Intel Corporation has a 52-week low of $33.23 and a 52-week high of $38.45. The company has a market capitalization of $169.16 billion, a price-to-earnings ratio of 13.74 and a beta of 1.01. The stock has a 50 day moving average price of $34.96 and a 200 day moving average price of $35.67.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Monday, August 7th will be issued a $0.2725 dividend. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $1.09 dividend on an annualized basis and a yield of 3.03%. Intel Corporation’s payout ratio is 41.76%.

In related news, insider Venkata S. M. Renduchintala sold 13,996 shares of the stock in a transaction on Monday, July 31st. The stock was sold at an average price of $35.47, for a total value of $496,438.12. Following the completion of the sale, the insider now directly owns 1,536 shares in the company, valued at $54,481.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brian M. Krzanich sold 72,173 shares of the stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $33.69, for a total value of $2,431,508.37. Following the completion of the sale, the chief executive officer now owns 534,746 shares of the company’s stock, valued at $18,015,592.74. The disclosure for this sale can be found here. Insiders sold 91,921 shares of company stock valued at $3,130,162 over the last 90 days. 0.09% 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).

Receive News & Ratings for Intel Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.