Intel Stock Rating Reaffirmed by FBR & Co. (INTC)

Shares of Intel Corporation (NASDAQ:INTC) now have a rating of 2.15 according to Zacks Research. A consumer shift to smartphones and tablets has hamstrung traditional chipmakers for several quarters, and Intel’s .7 billion deal for Altera was seen as a gambit to expand into chips for smart cars and other, newer technologies. The actual reported EPS number was $0.41 which was $0.01 off from what analysts had predicted. Intel Corporation (NASDAQ:INTC) is -22.10% away from its 52 week high. The stock has a 50-day moving average of $31.97 and a 200-day moving average of $33.13. On a trailing twelve month basis, the company’s earnings per share stands at 2.347. Analysts at Vetr upgraded shares of Intel from a “buy” rating to a “strong-buy” rating and set a $33.50 price target on the stock in a research note on Tuesday. The disclosure for this sale can be found here.

Intel Corporation (NASDAQ:INTC) trading at $29.08 with day range of $29.04-$29.89 in current trading session.

Piper Jaffray analysts just reiterated the Intel Corporation (NASDAQ:INTC) stock as an overweight rate with a target price amounting to $38 even with the underperforming market for PCs. Analysts at BMO Capital Markets downgraded shares of Intel to a hold rating in a research note on Monday. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock.

Company shares have received an average consensus rating of Hold for the current week The company has received recommendation from many analysts. The company now has an average rating of “Buy” and an average target price of $36.00.

Furthermore, the analysts believe that Intel’s Skylake PC platform will impact the premium PC demand, since the new processor may be equipped with the latest DDR4 DRAM memory technology. The Company sells these platforms primarily to original equipment manufacturers (OEMs), original design manufacturers (ODMs), and industrial and communications equipment manufacturers in the computing and communications industries.

Microsoft Corporation (MSFT) of the Technology sector (Business Software & Services) is up 1.04% already this morning, a change from open of -0.11%. A platform consists of a microprocessor and chipset. This PEG multiple takes into account the expected long term growth in earnings of the company rather than merely the growth for one earnings period ahead as forward P/E does.

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