Blurbs

What Made Robert W. Baird Downgrade Intel’s Stock?

Intel (INTCResearch Report) received a Hold rating and a $40.00 price target from Robert W. Baird analyst Tristan Gerra today. The company’s shares closed last Thursday at $39.71.

According to TipRanks.com, Gerra is a 5-star analyst with an average return of 10.6% and a 54.5% success rate. Gerra covers the Technology sector, focusing on stocks such as Sequans Communications S A, Advanced Micro Devices, and Lattice Semiconductor.

Intel has an analyst consensus of Hold, with a price target consensus of $42.75, a 6.6% upside from current levels. In a report issued on July 18, Evercore ISI also maintained a Hold rating on the stock with a $40.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

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.

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.

Read More on INTC:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More
Videos