Intel Corporation (NDAQ:INTC) Reaching An Inflection Point; Raymond James Financial Coverage Initiated as “Underperform”

June 19, 2017 - By Adrian Erickson

 Intel Corporation (NDAQ:INTC) Reaching An Inflection Point; Raymond James Financial Coverage Initiated as

Investors sentiment decreased to 0.93 in Q4 2016. Its down 0.06, from 0.99 in 2016Q3. It is negative, as 79 investors sold Intel Corporation shares while 690 reduced holdings. 111 funds opened positions while 603 raised stakes. 3.02 billion shares or 1.62% more from 2.97 billion shares in 2016Q3 were reported.

Virtus Invest Advisers Incorporated reported 0.41% of its portfolio in Intel Corporation (NASDAQ:INTC). Yhb Inv Advsrs Incorporated, Connecticut-based fund reported 39,911 shares. Davis R M holds 26,737 shares. Coastline Trust has invested 0.78% in Intel Corporation (NASDAQ:INTC). Matarin Cap Mngmt Limited has 0% invested in Intel Corporation (NASDAQ:INTC) for 135,901 shares. Mitsubishi Ufj Secs Hldgs Limited reported 0.54% in Intel Corporation (NASDAQ:INTC). Boyar Asset Management Inc has invested 2.05% in Intel Corporation (NASDAQ:INTC). Professional Advisory holds 5,800 shares or 0.05% of its portfolio. Illinois-based Lsv Asset Management has invested 1.55% in Intel Corporation (NASDAQ:INTC). Comml Bank Of Montreal Can owns 10.93M shares. Brown Advisory reported 656,977 shares stake. Washington Tru Bankshares has 0.33% invested in Intel Corporation (NASDAQ:INTC) for 40,931 shares. 28,599 were reported by Buckingham Asset Mgmt Limited Liability Co. Sunbelt holds 23,160 shares. Prudential Pcl holds 4.89M shares.

Since January 3, 2017, it had 1 buy, and 13 sales for $15.69 million activity. On Tuesday, January 24 Bryant Diane M sold $167,636 worth of Intel Corporation (NASDAQ:INTC) or 4,503 shares. $2.84 million worth of Intel Corporation (NASDAQ:INTC) was sold by BRYANT ANDY D on Friday, February 10. On Friday, May 5 the insider RENDUCHINTALA VENKATA S M sold $52,489. The insider Krzanich Brian M sold 79,054 shares worth $2.89 million. Shares for $403,638 were sold by PLUMMER JAMES D on Monday, January 30. SWAN ROBERT HOLMES also bought $504,204 worth of Intel Corporation (NASDAQ:INTC) on Monday, June 5. The insider Smith Stacy J sold 29,497 shares worth $1.08M.

How Raymond James Financial Currently Rates Intel Corporation (NDAQ:INTC)

The research firm Raymond James Financial has has started coverage on Intel Corporation (NDAQ:INTC)‘s stock, rating it “Underperform”. This was shared with investors and clients in analysts report on 16 June.

Investors sentiment decreased to 0.93 in Q4 2016. Its down 0.06, from 0.99 in 2016Q3. It is negative, as 79 investors sold Intel Corporation shares while 690 reduced holdings. 111 funds opened positions while 603 raised stakes. 3.02 billion shares or 1.62% more from 2.97 billion shares in 2016Q3 were reported.

Virtus Invest Advisers Incorporated reported 0.41% of its portfolio in Intel Corporation (NASDAQ:INTC). Yhb Inv Advsrs Incorporated, Connecticut-based fund reported 39,911 shares. Davis R M holds 26,737 shares. Coastline Trust has invested 0.78% in Intel Corporation (NASDAQ:INTC). Matarin Cap Mngmt Limited has 0% invested in Intel Corporation (NASDAQ:INTC) for 135,901 shares. Mitsubishi Ufj Secs Hldgs Limited reported 0.54% in Intel Corporation (NASDAQ:INTC). Boyar Asset Management Inc has invested 2.05% in Intel Corporation (NASDAQ:INTC). Professional Advisory holds 5,800 shares or 0.05% of its portfolio. Illinois-based Lsv Asset Management has invested 1.55% in Intel Corporation (NASDAQ:INTC). Comml Bank Of Montreal Can owns 10.93M shares. Brown Advisory reported 656,977 shares stake. Washington Tru Bankshares has 0.33% invested in Intel Corporation (NASDAQ:INTC) for 40,931 shares. 28,599 were reported by Buckingham Asset Mgmt Limited Liability Co. Sunbelt holds 23,160 shares. Prudential Pcl holds 4.89M shares.

Since January 3, 2017, it had 1 buy, and 13 sales for $15.69 million activity. On Tuesday, January 24 Bryant Diane M sold $167,636 worth of Intel Corporation (NASDAQ:INTC) or 4,503 shares. $2.84 million worth of Intel Corporation (NASDAQ:INTC) was sold by BRYANT ANDY D on Friday, February 10. On Friday, May 5 the insider RENDUCHINTALA VENKATA S M sold $52,489. The insider Krzanich Brian M sold 79,054 shares worth $2.89 million. Shares for $403,638 were sold by PLUMMER JAMES D on Monday, January 30. SWAN ROBERT HOLMES also bought $504,204 worth of Intel Corporation (NASDAQ:INTC) on Monday, June 5. The insider Smith Stacy J sold 29,497 shares worth $1.08M.

Intel Corporation (NASDAQ:INTC) Ratings Coverage

Among 13 analysts covering Intel Corporation (NDAQ:INTC), 6 have Buy rating, 3 Sell and 4 Hold. Therefore 46% are positive. Intel Corporation has $45 highest and $30 lowest target. $39.45’s average target is 11.31% above currents $35.44 stock price. Intel Corporation had 18 analyst reports since March 1, 2017 according to SRatingsIntel. The company was maintained on Friday, March 31 by Rosenblatt. The rating was maintained by Mizuho with “Buy” on Wednesday, April 12. Credit Suisse downgraded the stock to “Neutral” rating in Wednesday, March 15 report. The stock of Intel Corporation (NASDAQ:INTC) has “Underperform” rating given on Friday, March 31 by Bernstein. The firm has “Outperform” rating by Wells Fargo given on Friday, April 7. Cowen & Co maintained Intel Corporation (NASDAQ:INTC) on Monday, May 1 with “Market Perform” rating. Instinet maintained the stock with “Buy” rating in Friday, March 31 report. The rating was maintained by Needham on Thursday, March 30 with “Buy”. The rating was maintained by B. Riley & Co on Friday, March 24 with “Buy”. Bernstein maintained Intel Corporation (NASDAQ:INTC) rating on Thursday, May 11. Bernstein has “Underperform” rating and $30 target.

About 3,704 shares traded. Intel Corporation (NDAQ:INTC) has risen 19.47% since June 19, 2016 and is uptrending. It has outperformed by 2.77% the S&P500.

Investors wait Intel Corporation (NASDAQ:INTC) to report on July, 19. its quarterly earnings Wall Street analysts expect $0.68 earnings per share, up $0.09 or 15.25 % from last year’s $0.59 same quarter earnings. This translates into $3.19 billion profit for INTC giving the stock a 13.04 P/E. This is assuming the current $0.68 EPS is accurate. Intel Corporation’s Wall Street analysts see 3.03 % EPS growth, taking into account the $0.66 EPS reproted in the previous quarter,

Intel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud. The company has market cap of $166.44 billion. The Company’s divisions are Client Computing Group , Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG). It has a 15.39 P/E ratio. It delivers computer, networking and communications platforms to a set of customers, including original equipment manufacturers (OEMs), original design manufacturers (ODMs), cloud and communications service providers, as well as industrial, communications and automotive equipment manufacturers.

More notable recent Intel Corporation (NASDAQ:INTC) news were published by: Seekingalpha.com which released: “ARM Vs. Intel: Pause For Thought” on June 12, 2017, also Fool.com with their article: “3 Companies to Suffer From Intel Corporation’s Coffee Lake” published on June 16, 2017, Fool.com published: “Here’s the Problem With Intel Corporation’s 18-Core Behemoth” on June 17, 2017. More interesting news about Intel Corporation (NASDAQ:INTC) were released by: Fool.com and their article: “What’s Next for Intel Corporation’s High-End Desktop Product Line?” published on June 14, 2017 as well as Fool.com‘s news article titled: “Intel Corporation CEO Talks 10-Nano, 7-Nano Manufacturing Tech” with publication date: June 08, 2017.

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