Intel Corporation 9.3% Potential Upside Now Implied by Cowen -DirectorsTalk

The sale was disclosed in a filing with the SEC, which can be accessed through this link. Specifically, while the Nasdaq Composite Index is up 4% year-to-date, shares of Intel have crumbled over 19%. The 1 year high for the share price is 37.9 United States dollars while the year low stock price is now 28.82 United States dollars. The stock’s 50-day moving average is $31.60 and its 200-day moving average is $32.95. The reported EPS of $0.41 was $0.01 away from what Wall Street analysts had expected.

Intel (NASDAQ:INTC) last announced its earnings results on Tuesday, April 14th.

Intel Corporation (NASDAQ:INTC) is scheduled to release its next earnings report on Wednesday, and analysts have been revising their estimates for the company downward.

Arcuri comments, “CQ2:15 PC shipments fell 5% [quarter over quarter] and 10% [year-over-year] to 68.4M, 400bps below seasonal… and the worst H/H… in the last 10 years”.

Wedbush analyst Betsy Hees said that although Intel would Outperform over the next year in her opinion, the firm’s shares are going to meet some headwinds. They’re now estimating revenue of $13 billion and earnings of 49 cents per share. Based on the analysts taken into account by Zacks, the average rating now stands at 2.15 for Intel Corporation. Her biggest concern was the wider stock market, though some factors hitting Intel specifically were also blamed for the problems. Analysts at CLSA reiterated a sell rating on shares of Intel in a research note on Friday. Intel now has an average rating of Hold and an average target price of $35.67.

Arcuri, who has a Market Perform rating on the shares, is modeling $14 billion in revenue for Q3 and 55 cents EPS, slightly below the average estimate for $14.1 billion and 56 cents. Cowen have set their target price at 32 United States dollars on its stock.

Out of 37 brokers covering Intel Corporation, 21 rate it a Buy, 18 indicate a Hold while 7 suggest a Sell.

The PC market is a problem for Intel (NASDAQ:INTC), but so is the wider stock market. The Company 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 platforms are used in a range of applications, such as personal computers (PCs) (including Ultrabook systems), data centers, tablets, smartphones, automobiles, automated factory systems and medical devices. It also develops and sells software and services focused on security and technology integration. The Company offers platforms that incorporate various components and technologies, including a microprocessor and chipset. The company is one of the world’s largest providers of PC, and some investors fear that the age of PC is over.