Intel Corporation (NASDAQ:INTC) shares were up 1.12% on Friday when approximately 44.37M shares were traded, against the average daily trading volume of 20.49M. Analysts at Credit Agricole recently upgraded the stock to Underperform from Buy. Intel Corporation (NASDAQ:INTC) has a consensus Strong buy rating, according to Zacks Investment Research. No analyst has rated the stock with a sell rating, 9 have assigned a hold rating, 1 says it’s a buy, and 20 have assigned a strong buy rating to the company.
Analysts have a consensus target price of $40.09 in the 12-month period. The price objective is 5.56% higher than the recent closing price of $37.98. The 52-week price range is $27.03-$38.07 and the company has a market capitalization of $179.99 billion.
Intel Corporation designs, manufactures, and sells integrated digital technology platforms worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Software and Services, and All Other segments. The companys platforms are used in various computing applications comprising notebooks, 2 in 1 systems, desktops, servers, tablets, smartphones, wireless and wired connectivity products, wearables, retail devices, and manufacturing devices, as well as for retail, transportation, industrial, buildings, home use, and other market segments. It offers microprocessors that processes system data and controls other devices in the system; chipsets, which send data between the microprocessor and input, display, and storage devices, such as keyboard, mouse, monitor, hard drive or solid-state drive, and optical disc drives; and system-on-chip products that integrate its central processing units with other system components onto a single chip. The company also provides communication and connectivity offerings, such as baseband processors, radio frequency transceivers, and power management integrated circuits; and tablet, phone, and Internet of Things solutions, which include multimode 4G LTE modems, Bluetooth technology and GPS receivers, software solutions, and interoperability tests, as well as home gateway and set-top box components. In addition, it offers security solutions for computers, mobile devices, and networks, as well as software and services for technology integration; NAND flash memory products, which are used in solid-state drives; and custom foundry services, including custom silicon, packaging, and manufacturing test services. The company sells its products primarily to original equipment manufacturers, original design manufacturers, and industrial and communications equipment manufacturers in the computing and communications industries. Intel Corporation was founded in 1968 and is based in Santa Clara, California.