Intel Corp. (INTC) Price Target Raised to $38.00 at Cowen and Company

Overweight rating was given by “2” and Underweight rating was given by “1”. The company’s stock had a trading volume of 49,737,101 shares.

Intel Corporation and TPG declared a definitive agreement under which the two parties will establish a newly formed, jointly-owned, independent cybersecurity company. The shares were sold at an average price of $36.50, for a total transaction of $9,132,008.00. The shares were sold at an average price of $34.69, for a total transaction of $15,440,345.55. The disclosure for this sale can be found here.

Over the past five trading sessions shares of Intel Corporation (NASDAQ:INTC) are 0.33%; 3.83% for the month; 16.24% for the last quarter; 16.18% for the past six-months; and 26.79% for the last 12 months.

Institutional sponsorship simply refers to ownership of a stock by mutual funds, banks, pension funds and other large institutions. Moreover, Central Securities Corp has 7.55% invested in the company for 990,000 shares. Moving toward ratio analysis, it has current ratio of 7.30 and quick ratio was calculated as 7.00. Signature Estate & Investment Advisors LLC now owns 4,937 shares of the chip maker’s stock worth $162,000 after buying an additional 577 shares during the last quarter.

For this year, MGT Capital Investments, Inc. Finally, Krilogy Financial LLC increased its stake in shares of Intel Corp.by 88.2% in the second quarter. 18 presented the recommendations about the stock as a “Buy” signal and “Overweight” signal was reported by 2. The shares closed up +0.94 points or 2.64% at $36.56 with 24.59 million shares getting traded. However, in case of earnings disappointments, the stock price can plunge in the trading days after the announcement of the financial report. Finally, Pacific Crest upgraded Intel Corp.to an “outperform” rating in a research report on Monday, June 13th. The consensus rating is 2.3, suggesting the market has given up on the stock. Three research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirty have given a buy rating to the company.

According to sentiments of 32analysts the mean estimates of short term price target for the company’s stock is marked at $37.97.

The news comes just as Intel was confirmed to be in the new iPhone, too.

The Nasdaq rose 1%, while the S&P 500 and the blue chip Dow Jones industrial average added 0.8% and 0.7%, respectively. The stock is now holding above its 50-day SMA of $2.04 and above its 200-day SMA of $35.27. Intel Corp.stock has a 52-week high of $36.65.

Intel Corp. had a return on equity of 19.99% and a net margin of 17.84%. (NASDAQ:INTC) last released its quarterly earnings data on Wednesday, July 20th.

Analysts on average are expecting revenue target $365.59M for next quarter (Quarter Ending Dec-16).

Insider Activity: Corporate insiders look pessimistic about the outlook of the company stock that they seem to offload shares while they have 6 jumped so far this year. A Sr. During the same period in the prior year, the business earned $0.55 EPS. Wall Street analysts expected revenue of $14.9 billion, according to FactSet.

Intel Corporation’s (INTC) is a part of Technology sector and belongs to Semiconductor – Broad Line industry.