Briley Maintains Intel Corporation to Buy with Price Target $45.00

Brokerage firm Briley Maintains its rating on Intel Corporation(NASDAQ:INTC). In a research note issued to the investors, the brokerage major Raises the price-target to $45.00 per share. The shares have been rated Buy. The rating by Briley was issued on Sep 19, 2016.

In a different note, On Sep 19, 2016, CLSA said it Maintains its rating on Intel Corporation. In the research note, the firm Raises the price-target to $35.00 per share. The shares have been rated ‘Underperform’ by the firm. On Sep 19, 2016, Argus Research said it Maintains its rating on Intel Corporation. In the research note, the firm Raises the price-target to $41.00 per share. The shares have been rated ‘Buy’ by the firm. On Sep 19, 2016, Baird said it Maintains its rating on Intel Corporation. In the research note, the firm Raises the price-target to $40.00 per share. The shares have been rated ‘Outperform’ by the firm. On Sep 6, 2016, Evercore ISI Group said it Upgrades its rating on Intel Corporation. The shares have been rated ‘Buy’ by the firm. On Sep 6, 2016, Baird said it Maintains its rating on Intel Corporation. In the research note, the firm Raises the price-target to $38.00 per share. The shares have been rated ‘Outperform’ by the firm. Roth Capital said it Initiates Coverage on Intel Corporation, according to a research note issued on Sep 1, 2016. The shares have been rated ‘Buy’ by the firm.

Intel Corporation (INTC) made into the market gainers list on Thursdays trading session with the shares advancing 0.27% or 0.1 points. Due to strong positive momentum, the stock ended at $37.55, which is also near the day’s high of $37.83. The stock began the session at $37.6 and the volume stood at 1,70,13,410 shares. The 52-week high of the shares is $38.05 and the 52 week low is $27.68. The company has a current market capitalization of $177,649 M and it has 4,73,10,00,000 shares in outstanding.

Intel Corporation has also declared a cash dividend of $0.2600 on Sep 15, 2016. The shares will quote ex-dividend on Nov 3, 2016 and the record date has been fixed on Nov 7, 2016. The dividend payable date has been fixed on Dec 1, 2016.

Intel Corporation(INTC) last announced its earnings results on Jul 20, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $13.53B. Analysts had an estimated revenue of $13.53B. Earnings per share were $0.59. Analysts had estimated an EPS of $0.53.

Several Insider Transactions has been reported to the SEC. On Sep 7, 2016, Gregory R Pearson (Sr. VP, GM, Sales & Mktg Grp) sold 250,192 shares at $36.50 per share price.Also, On Jul 28, 2016, Venkata S M Renduchintala (EVP, Pres Client & IOT & SAG) sold 13,997 shares at $34.71 per share price.On Jul 27, 2016, Andy D Bryant (Chairman) sold 445,095 shares at $34.69 per share price, according to the Form-4 filing with the securities and exchange commission.

Intel Corporation is engaged in the design and manufacture of digital technology platforms. 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 to deliver a range of computing experiences in notebooks 2 in 1 systems desktops servers tablets smartphones and the Internet of Things. It also develops and sells software and services focused on security and technology integration. The Company’s operating segments include the PC Client Group (PCCG) the Data Center Group (DCG) the Internet of Things Group (IOTG) the Mobile and Communications Group (MCG) the software and services (SSG) and all other. SSG segment includes McAfee and software and services group. All Other segment includes Non-Volatile Memory Solutions Group Netbook Group and New Devices Group.

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