Intel Corp. Receives a Buy from Pacific Crest

By Jason Carr

Pacific Crest analyst Michael McConnell reiterated a Buy rating on Intel Corp. (NASDAQ: INTC) on November 7 and set a price target of $41. The company’s shares closed yesterday at $34.74.

According to TipRanks.com, McConnell is a 4-star analyst with an average return of 7.9% and a 65.1% success rate. McConnell covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Silicon Laboratories, and Skyworks Solutions.

Currently, the analyst consensus on Intel Corp. is Moderate Buy and the average price target is $40.74, representing a 17.3% upside.

In a report issued on October 24, Brean Capital also reiterated a Buy rating on the stock.

The company has a one year high of $38.36 and a one year low of $27.68. Currently, Intel Corp. has an average volume of 21.17M.

Based on the recent corporate insider activity of 86 insiders, corporate insider sentiment is negative on the stock. Last month, Andy Bryant, the Chairman of INTC sold 24,383 shares for a total of $861,939.