CES 2016 is where Intel Corporation (NASDAQ:INTC) is showing off their all new “Compute Sticks”, which allow you to turn any monditor into a PC via the monitor’s HDMI port. These latest version packs a ton of power and some great features into a device the size of your thumb.
Perhaps “cool” isn’t enough anymore, as shares of Intel Corporation (NASDAQ:INTC) stock are trading down today. However, these compute sticks certainly pack a punch.
The latest versions, which are available with Core M3 for $399 (including Windows 10) or Core M5 for $499 (without Windows 10), also feature 64 GB of storage, 4GB of RAM, 802.11ac WiFi and three USB ports. In essence they are a computer on a stick. For those looking for a more affordable option, Intel Corporation (NASDAQ:INTC) is also releasing a $159 version which has an Atom x5-Z8300 chip, 802.11ac WiFi, two USB ports, Windows 10, 32 GB of storage and 2GB RAM.
The stock is down 2.32% or $0.79 following the news, hitting $33.04 per share. About 20.53M shares traded hands or 2.39% up from the average. INTC has risen 1.68% since June 2, 2015 and is uptrending. It has outperformed the S&P500 by 6.37%.
From a total of 23 analysts covering Intel Corporation (NASDAQ:INTC) stock, 11 rate it a “Buy”, 0 a “Sell”, and 12 a “Hold”. This means that 48% of the ratings are positive. The highest target price is $60.0 while the lowest target price is $25. The mean of all analyst targets is $36.81 which is 11.41% above today’s ($33.04) stock price. Intel Corporation was the topic of 50 analyst reports since August 7, 2015 according to the firm StockzIntelligence Inc. UBS downgraded shares on January 5 to a “Neutral” rating. Macquarie Research maintained shares with a”Neutral” rating and a $32 target share price in their report from an October 14. Needham maintained INTC stock in a recent report from December 30 with a “Buy” rating. Pacific Crest maintained the rating on October 14. Pacific Crest has a “Overweight” rating and a $37 price target on shares. Finally, Topeka Capital Markets maintained the stock with a “Buy” rating in a report they issued on a November 20.
The institutional sentiment increased to 0.83 in Q2 2015. It’s up 0.02, from 0.81 in 2015Q2. The ratio improved, as 86 funds sold all their Intel Corporation shares they owned while 732 reduced their positions. 72 funds bought stakes while 605 increased their total positions. Institutions now own 3.04 billion shares which is 0.34% less than the previous share count of 3.05 billion in 2015Q2.
Srb Corp holds 14.65% of its total portfolio in Intel Corporation, equating to 3.54 million shares. Alpine Investment Management Llc owns 3.34 million shares representing 11.02% of their total US portfolio. Moreover, Hawkins Capital L.P. has 10.19% of their total portfolio invested in the company, equating to 722,488 shares. The Delaware-based Ashmore Wealth Management Llc has a total of 9.05% of their portfolio invested in the stock. Central Securities Corp, a New York-based fund reported 1.10 million shares owned.
Since April 21, 2015, the stock had 0 insider buys, and 11 sales for a total of $4.32 million in net activity. Pearson Gregory R sold 1,506 shares worth $51,472. Bryant Andy D sold 23,000 shares worth $772,968. Krzanich Brian M sold 35,000 shares worth $1.06 million. James Renee Jo sold 3,602 shares worth $108,060. The insider Holt William M sold 6,786 shares worth $192,020.
Intel Corporation is engaged in the design and manufacture of digital technology platforms. The company has a market cap of $159.67 billion. The Firm sells these platforms to original equipment manufacturers , original design manufacturers (ODMs), and industrial and communications equipment manufacturers in the computing and communications industries. It has 14.12 P/E ratio. The Company’s 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.