Notable Runner: Intel Corporation’s Stock Is Buy After Today’s Significant Increase

Notable Runner: Intel Corporation's Stock Is Buy After Today's Significant Increase

The stock of Intel Corporation (NASDAQ:INTC) is a huge mover today! About 9.51M shares traded hands. Intel Corporation (NASDAQ:INTC) has risen 8.94% since April 11, 2016 and is uptrending. It has outperformed by 2.79% the S&P500.
The move comes after 9 months positive chart setup for the $162.23 billion company. It was reported on Nov, 11 by Barchart.com. We have $56.55 PT which if reached, will make NASDAQ:INTC worth $103.83B more.

Intel Corporation (NASDAQ:INTC) Ratings Coverage

Out of 44 analysts covering Intel Corporation (NASDAQ:INTC), 29 rate it a “Buy”, 2 “Sell”, while 13 “Hold”. This means 66% are positive. Intel Corporation has been the topic of 127 analyst reports since August 7, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained Intel Corporation (NASDAQ:INTC) rating on Friday, January 15. RBC Capital Markets has “Sector Perform” rating and $33.0 price target. The rating was downgraded by UBS on Tuesday, January 5 to “Neutral”. The firm has “Buy” rating given on Monday, September 19 by UBS. Summit Research upgraded the stock to “Buy” rating in Wednesday, October 14 report. The firm has “Neutral” rating by Tigress Financial given on Monday, October 26. The firm earned “Buy” rating on Thursday, July 21 by Canaccord Genuity. The rating was maintained by Goldman Sachs with “Neutral” on Wednesday, April 20. Citigroup maintained Intel Corporation (NASDAQ:INTC) on Monday, September 19 with “Neutral” rating. Drexel Hamilton downgraded Intel Corporation (NASDAQ:INTC) rating on Friday, August 7. Drexel Hamilton has “Hold” rating and $30 price target. Northland Capital maintained the shares of INTC in a report on Wednesday, October 14 with “Outperform” rating.

According to Zacks Investment Research, “Intel Corporation is one of the world’s largest semiconductor chip maker. The Company develops advanced integrated digital technology products, primarily integrated circuits, for industries such as computing and communications. It also develops platforms, which it defines as integrated suites of digital computing technologies that are designed and configured to work together to provide an optimized user computing solution compared to components that are used separately. Intel designs and manufactures computing and communications components, such as microprocessors, chipsets, motherboards, and wireless and wired connectivity products, as well as platforms that incorporate these components. The Company sells its products primarily to original equipment manufacturers, original design manufacturers, PC and network communications products users, and other manufacturers of industrial and communications equipment. Intel Corporation is based in Santa Clara, California.”

Insitutional Activity: The institutional sentiment decreased to 1.01 in Q2 2016. Its down 0.06, from 1.07 in 2016Q1. The ratio turned negative, as 66 funds sold all Intel Corporation shares owned while 650 reduced positions. 89 funds bought stakes while 637 increased positions. They now own 2.94 billion shares or 2.38% less from 3.01 billion shares in 2016Q1.
Tradition Ltd Limited Liability Company owns 134,735 shares or 1.48% of their US portfolio. Commonwealth Equity, a Massachusetts-based fund reported 1.40 million shares. Axa holds 5.11 million shares or 0.75% of its portfolio. Accredited Investors holds 0.21% of its portfolio in Intel Corporation (NASDAQ:INTC) for 22,895 shares. Chilton Investment Co Limited Liability Co owns 16,050 shares or 0.02% of their US portfolio. The New York-based Clear Harbor Asset Mngmt Limited Liability has invested 0.1% in Intel Corporation (NASDAQ:INTC). Marathon Capital has invested 0.31% of its portfolio in Intel Corporation (NASDAQ:INTC). St Johns Inv Mngmt Company Ltd holds 1.26% or 42,603 shares in its portfolio. Wellington Shields Mgmt Ltd Co has 28,791 shares for 0.16% of their US portfolio. Shufro Rose Co Ltd holds 1.11 million shares or 4.01% of its portfolio. Private Bancorp reported 121,279 shares or 0.62% of all its holdings. The Pennsylvania-based Hudock Cap Grp Inc Ltd has invested 0.26% in Intel Corporation (NASDAQ:INTC). Lazard Asset Limited Liability has 0.09% invested in the company for 1.14 million shares. Semper Augustus Group Lc last reported 87,175 shares in the company. The Alabama-based First Financial Bank Na has invested 0.76% in Intel Corporation (NASDAQ:INTC).

Insider Transactions: Since May 23, 2016, the stock had 0 insider purchases, and 15 selling transactions for $40.36 million net activity. $1.02 million worth of shares were sold by Smith Stacy J on Friday, July 22. PEARSON GREGORY R sold $197,410 worth of stock. $2.74 million worth of shares were sold by Krzanich Brian M on Tuesday, November 1. BRYANT ANDY D sold $15.44M worth of Intel Corporation (NASDAQ:INTC) on Monday, July 25. $557,317 worth of Intel Corporation (NASDAQ:INTC) was sold by RENDUCHINTALA VENKATA S M.

More notable recent Intel Corporation (NASDAQ:INTC) news were published by: Foxbusiness.com which released: “Report: Intel Corporation Planning Key Tech Integration Into Upcoming Processors” on November 10, 2016, also Fool.com with their article: “Is This “Mind-Blowing” Intel Corporation Chip Tech a Game-Changer?” published on November 10, 2016, Nasdaq.com published: “Intel Corporation Begins Shipping Samples of Beastly Skylake-X Gaming” on November 10, 2016. More interesting news about Intel Corporation (NASDAQ:INTC) were released by: Fool.com and their article: “1 Technology That Intel Corporation Will Soon Integrate Into Its Processors” published on November 09, 2016 as well as Fool.com‘s news article titled: “How Intel Corporation Can Reduce Its Mobile Losses Further” with publication date: November 07, 2016.

INTC Company Profile

Intel Corporation, incorporated on March 1, 1989, is engaged in the design and manufacture of digital technology platforms. The Firm sells these platforms to original equipment manufacturers (OEMs), original design manufacturers (ODMs), and industrial and communications equipment manufacturers in the computing and communications industries. The Company’s divisions include Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Software and Services (SSG) and All Other. The Company’s All Other segment includes Non-Volatile Memory Solutions Group and the New Devices Group. The Company’s platforms are used to deliver a range of computing experiences in notebooks (including Ultrabook devices), 2 in 1 systems, desktops, servers, tablets, smartphones, and the Internet of Things (including wearables, transportation systems and retail devices). It also develops and sells software and services focused on security and technology integration.

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