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Intel (INTC) Gets a Sell Rating from Bernstein

Bernstein analyst Stacy Rasgon maintained a Sell rating on Intel (INTCResearch Report) today and set a price target of $35.00. The company’s shares closed last Monday at $38.71, close to its 52-week low of $35.54.

According to TipRanks.com, Rasgon is a 4-star analyst with an average return of 7.4% and a 57.5% success rate. Rasgon covers the Technology sector, focusing on stocks such as Infineon Technologies AG, Advanced Micro Devices, and Qualcomm.

The word on The Street in general, suggests a Hold analyst consensus rating for Intel with a $47.41 average price target, a 22.5% upside from current levels. In a report issued on July 11, Barclays also maintained a Sell rating on the stock with a $40.00 price target.

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Intel’s market cap is currently $158.3B and has a P/E ratio of 6.44.

Based on the recent corporate insider activity of 64 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of INTC in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Intel manufactures and sells microprocessors, chipsets, flash memory as well as other products and platforms for compute, storage, network and other functions. The company’s data-centric businesses include Data Center Group (DCG), Internet of Things (IOTG), Mobileye, Non-volatile Memory Solutions Group (NSG), Programmable Solutions Group (PSG), with the PC-centric business comprised of Client Computing Group (CCG). It derives a majority of its revenue from platform products, which incorporate various components and technologies, including a microprocessor and chipset, a stand-alone SoC, or multichip package.

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