Canaccord Genuity Maintains Intel Corporation to Buy

Brokerage firm Canaccord Genuity Maintains its rating on Intel Corporation(NASDAQ:INTC). The shares have been rated Buy. The rating by Canaccord Genuity was issued on Jul 21, 2016.

In a different note, On Jul 21, 2016, Oppenheimer said it Maintains its rating on Intel Corporation. The shares have been rated ‘Perform’ by the firm. On Jul 21, 2016, Deutsche Bank said it Maintains its rating on Intel Corporation. The shares have been rated ‘Buy’ by the firm. On Jul 8, 2016, Bernstein said it Upgrades its rating on Intel Corporation. The shares have been rated ‘Market Perform’ by the firm. CLSA said it Initiates Coverage on Intel Corporation, according to a research note issued on May 17, 2016. The shares have been rated ‘Underperform’ by the firm.

Intel Corporation (INTC) made into the market gainers list on Wednesdays trading session with the shares advancing 1.54% or 0.54 points. Due to strong positive momentum, the stock ended at $35.69, which is also near the day’s high of $35.93. The stock began the session at $35.3 and the volume stood at 4,29,94,187 shares. The 52-week high of the shares is $35.93 and the 52 week low is $24.87. The company has a current market capitalization of $168,528 M and it has 4,72,20,00,000 shares in outstanding.

Intel Corporation has also declared a cash dividend of $0.2600 on Jul 12, 2016. The shares will quote ex-dividend on Aug 4, 2016 and the record date has been fixed on Aug 7, 2016. The dividend payable date has been fixed on Sep 1, 2016.

Intel Corporation(INTC) last announced its earnings results on Apr 19, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $13.80B. Analysts had an estimated revenue of $13.91B. Earnings per share were $0.54. Analysts had estimated an EPS of $0.47.

Several Insider Transactions has been reported to the SEC. On Jul 6, 2016, Brian M Krzanich (CEO) sold 71,413 shares at $32.73 per share price.Also, On Jun 2, 2016, Venkata S M Renduchintala (EVP, Pres Client & IOT & SAG) sold 17,732 shares at $31.43 per share price.On May 25, 2016, Gregory R Pearson (Sr. VP, GM, Sales & Mktg Grp) sold 42,684 shares at $30.34 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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