Intel (INTC) Receives a Hold from Evercore ISI

Evercore ISI analyst C J Muse reiterated a Hold rating on Intel (INTCResearch Report) on July 28 and set a price target of $40.00. The company’s shares closed last Friday at $36.31, close to its 52-week low of $35.24.

According to, Muse is a 5-star analyst with an average return of 17.1% and a 60.2% success rate. Muse covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Universal Display, and Texas Instruments.

The word on The Street in general, suggests a Hold analyst consensus rating for Intel with a $39.70 average price target, representing an 11.5% upside. In a report issued on July 20, Deutsche Bank also maintained a Hold rating on the stock with a $45.00 price target.

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Based on Intel’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $18.35 billion and net profit of $8.11 billion. In comparison, last year the company earned revenue of $19.67 billion and had a net profit of $3.36 billion.

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.

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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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