Intel Corporation (INTC) was Downgraded by Credit Suisse to ” Neutral”. Earlier the firm had a rating of “Outperform ” on the company shares. Credit Suisse advised their Clients and Investors in a research report released on Mar 15, 2017.
Based on several research reports , Intel Corporation was Downgraded by Credit Suisse to ” Neutral” on Mar 15, 2017. Intel Corporation was Downgraded by Jefferies to ” Hold” on Mar 13, 2017. Intel Corporation was Downgraded by Bernstein to ” Underperform” on Mar 1, 2017. Shares were Downgraded by Canaccord Genuity on Feb 10, 2017 to ” Hold” and Lowered the Price Target to $ 38 from a previous price target of $43 .Intel Corporation was Upgraded by Morgan Stanley to ” Equal-Weight” on Jan 27, 2017.
Several company insiders have filed Insider transactions , on Feb 27, 2017, Diane M Bryant (EVP, GM Data Center Group) sold 55,821 shares at $36.34 per share price. According to the SEC, on Feb 14, 2017, Andy D Bryant (Chairman) sold 80,645 shares at $35.26 per share price. On Feb 3, 2017, Brian M Krzanich (CEO) sold 79,054 shares at $36.59 per share price, according to the Form-4 filing with the securities and exchange commission.
On the company’s financial health, Intel Corporation reported $0.79 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jan 26, 2017. Analyst had a consensus of $0.75. The company had revenue of $16400.00 million for the quarter, compared to analysts expectations of $15749.89 million. The company’s revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.74 EPS.
Intel Corporation closed down -0.08 points or -0.23% at $35.1 with 2,79,96,095 shares getting traded on Wednesday. Post opening the session at $34.94, the shares hit an intraday low of $34.68 and an intraday high of $35.17 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
Intel Corporation is engaged in the design and manufacture of digital technology platforms. The Company sells these platforms to original equipment manufacturers (OEMs) original design manufacturers (ODMs) and industrial and communications equipment manufacturers in the computing and communications industries. The Companys platforms are used to deliver a range of computing experiences in notebooks 2 in 1 systems desktops servers tablets smartphones and the Internet of Things. It also develops and sells software and services focused on security and technology integration. The Companys operating segments include the PC Client Group (PCCG) the Data Center Group (DCG) the Internet of Things Group (IOTG) the Mobile and Communications Group (MCG) the software and services (SSG) and all other. SSG segment includes McAfee and software and services group. All Other segment includes Non-Volatile Memory Solutions Group Netbook Group and New Devices Group.