Bernstein analyst Stacy Rasgon maintained a Sell rating on Intel (INTC) today and set a price target of $40.00. The company’s shares closed last Friday at $48.01.
According to TipRanks.com, Rasgon is a 4-star analyst with an average return of 4.7% and a 55.9% success rate. Rasgon covers the Technology sector, focusing on stocks such as Texas Instruments, Qualcomm, and Nvidia.
The word on The Street in general, suggests a Hold analyst consensus rating for Intel with a $52.33 average price target, implying an 8.2% upside from current levels. In a report released today, Merrill Lynch also downgraded the stock to Sell with a $45.00 price target.
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The company has a one-year high of $69.29 and a one-year low of $43.63. Currently, Intel has an average volume of 34.82M.
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Intel Corp. engages in the design, manufacture, and sale of computer products and technologies. It delivers computer, networking, data storage, and communications platforms. The firm operates through the following segments: Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Programmable Solutions (PSG), and All Other. The CCG segment consists of platforms designed for notebooks, 2-in-1 systems, desktops, tablets, phones, wireless and wired connectivity products, and mobile communication components. The DCG segment includes workload-optimized platforms and related products designed for enterprise, cloud, and communication infrastructure market. The IOTG segment offers compute solutions for targeted verticals and embedded applications for the retail, manufacturing, health care, energy, automotive, and government market segments. The NSG segment constitutes of NAND flash memory products primarily used in solid-state drives. The PSG segment contains programmable semiconductors and related products for a broad range of markets, including communications, data center, industrial, military, and automotive. The All Other segment consists of results from other non-reportable segment and corporate-related charges. The company was founded by Robert Norton Noyce and Gordon Earle Moore on July 18, 1968 and is headquartered in Santa Clara, CA.
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