Intel Boosts Outlook on Surprising PC Sales

Intel Boosts Outlook on Surprising PC Sales

The chip maker reported $0.59 earnings per share for the quarter, beating analysts' consensus estimates of $0.53 by $0.06. Based on historic views, the average P/E ratio in market fluctuates between 15 to 25, but alone low P/E ratio does not necessarily mean that a company is undervalue. Stock value has moved between $88.9 - 121.65 in last one year. The most optimistic analyst sees the stock reaching $45.00 while the most conventional predicts the target price at $31.00. Intel Corporation and TPG recently declared a definitive agreement under which the two parties will establish a newly formed, jointly-owned, independent cybersecurity company.

INTC has been the subject of several other reports. The share price of the stock plunged -17.98% for the year. Also, VP Gregory R. Pearson sold 250,192 shares of the business's stock in a transaction dated Tuesday, September 6th.

Shares of chip-based companies remain strong on Friday after Intel Corporation (NASDAQ: INTC) boosted its revenue outlook for the third quarter. The company had a trading volume of 12,619,244 shares.

Analysts' mean recommendation for Intel Corporation's (INTC) stands at 2.30. The disclosure for this sale can be found here.

There is an expectation of $0.73 for Intel Corporation's EPS for the next fiscal quarter ended 2016-09-30. Moving toward ratio analysis, it has current ratio of 7.30 and quick ratio was calculated as 7.00. In a research note issued on July 08, 2016, analysts at Bernstein lifted the stock to Mkt Perform from Underperform. It also reduced its holding in Amdocs Ltd (NASDAQ:DOX) by 65,200 shares in the quarter, leaving it with 260,944 shares, and cut its stake in Alphabet Inc.

During last 5 trades the stock sticks nearly -1.61%. Finally, Institutional Capital LLC increased its stake in Intel Corp.by 360.2% in the first quarter. Jackson Grant Investment Advisers Inc. now owns 4,496 shares of the chip maker's stock worth $147,000 after buying an additional 37 shares during the last quarter.

The news comes just as Intel was confirmed to be in the new iPhone, too.

Intel Corporation's (INTC) is a part of Technology sector and belongs to Semiconductor - Broad Line industry. Post opening the session at $35.74, the shares hit an intraday low of $35.54 and an intraday high of $36.65 and the price vacillated in this range throughout the day. Intel has been trying to grow other segments, such as its data center management unit. CCG segment includes platforms designed for notebooks (including Ultrabook devices), 2 in 1 systems, desktops (including all-in-ones and personal computers (PCs)), tablets, phones, wireless and wired connectivity products, and mobile communication components. He writes articles for Analysis of different Companies including news and analyst rating updates.

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