Intel (INTC): New Sell Recommendation for This Technology Giant

Bernstein analyst Stacy Rasgon maintained a Sell rating on Intel (INTCResearch Report) today and set a price target of $23.00. The company’s shares opened today at $29.42.

According to TipRanks, Rasgon is a 4-star analyst with an average return of 7.9% and a 57.06% success rate. Rasgon covers the Technology sector, focusing on stocks such as Intel, Nvidia, and Texas Instruments.

The word on The Street in general, suggests a Hold analyst consensus rating for Intel with a $29.44 average price target.

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The company has a one-year high of $54.13 and a one-year low of $24.26. Currently, Intel has an average volume of 42.19M.

Based on the recent corporate insider activity of 57 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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