In a report issued on April 21, Hans Mosesmann from Rosenblatt Securities maintained a Sell rating on Intel (INTC – Research Report), with a price target of $40.00. The company’s shares closed last Friday at $46.54, close to its 52-week low of $43.63.
According to TipRanks.com, Mosesmann is a top 25 analyst with an average return of 31.2% and a 67.9% success rate. Mosesmann covers the Technology sector, focusing on stocks such as Applied Optoelectronics, Advanced Micro Devices, and Lattice Semiconductor.
The word on The Street in general, suggests a Hold analyst consensus rating for Intel with a $52.77 average price target.
Intel’s market cap is currently $190.3B and has a P/E ratio of 9.58.
Based on the recent corporate insider activity of 67 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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