Nomura Issues an Upgrade on Intel (NASDAQ:INTC) Shares. What’s Next?

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Intel (NASDAQ:INTC) Stock Upgrade

Nomura upgraded shares of Intel (NASDAQ:INTC) from a Neutral rating to a solid Buy in a very recent research note revealed to investors on today.

From a total of 37 analysts covering Intel Corporation (NASDAQ:INTC) stock, 21 rate it a ”Buy”, 4 a “Sell”, and 21 a ”Hold”. This means that 46% of the ratings are positive. The highest target price is $45 while the lowest target price is $24. The mean of all analyst targets is $35.92 with a 5.60% above today’s ($34.99) stock price. Intel Corporation was the topic of 46 analyst reports since August 7, 2015 according to the firm StockzIntelligence Inc. UBS maintained shares on November 20 with “Buy” rating. FBR Capital maintained shares with “Mkt Perform” rating and $58.0 target share price in a report from an October 22. RBC Capital Markets maintained INTC stock in a recent report from November 20 with “Sector Perform” rating. Macquarie Research maintained the rating on October 14. Macquarie Research has a “Neutral” rating and a $32 price target on shares. Finally, Tigress Financial downgraded the stock to “Neutral” rating in a report issued on an October 26.

Approximately 5.57M shares of stock traded hands. Intel Corporation (NASDAQ:INTC) has risen 7.85% since May 6, 2015 and is uptrending. It has outperformed by 8.65% the S&P500.

The overall sentiment of institutions has increased to 0.83 in Q2 2015. Its up 0.02, from 0.81 in 2015Q2. The ratio improved, as 86 institutions have sold all the shares of Intel Corporation that they owned while 732 funds have taken shares off the table. 72 funds have purchased shares for the first time while 605 added to their positions. These institutions now hold 3.04 billion shares or 0.34% less than the 3.05 billion shares they owned in 2015Q2.

The Fund Srb Corp currently is holding shares equating to 14.65% of its total portfolio in Intel Corporation representing a total of 3.54 million shares. Another fund,Alpine Investment Management Llc, is holding a total of 3.34 million shares equating to 11.02% of their holdings. Additionally, Hawkins Capital L.P. has a 722,488 share stake in Intel Corporation which represents 10.19% of their total portfolio. The Fund, Ashmore Wealth Management Llc, based out of Delaware, has also built up a stake in the stock, which represents a total of 9.05% of their total portfolio. Finally Central Securities Corp, a fund which is based in the state of New York reported a total holdings of 1.10 million shares.

Insider activity is a very important aspect to track on any stock. Going back to April 21, 2015, shareholders of Intel Corporation have witnessed 0 insider buys, and a total of 11 insider sales equating to a net activity of approximately $4.32 million . Pearson Gregory R sold 1,506 shares worth approximately $51,472. Bryant Andy D sold 23,000 shares worth approximately $772,968. Krzanich Brian M sold 35,000 shares worth approximately $1.06 million. James Renee Jo sold 3,602 shares worth approximately $108,060. The company 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 $165.12 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 14.95 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.

According to Zacks Investment Research, “Intel Corporation is one of the world’s largest semiconductor chip maker. The Company develops advanced integrated digital technology products, primarily integrated circuits, for industries such as computing and communications. It also develops platforms, which it defines as integrated suites of digital computing technologies that are designed and configured to work together to provide an optimized user computing solution compared to components that are used separately. Intel designs and manufactures computing and communications components, such as microprocessors, chipsets, motherboards, and wireless and wired connectivity products, as well as platforms that incorporate these components. The Company sells its products primarily to original equipment manufacturers, original design manufacturers, PC and network communications products users, and other manufacturers of industrial and communications equipment. Intel Corporation is based in Santa Clara, California.” Get a free copy of the Zacks research report on Intel Corporation (INTC).

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