Intel Corp Receives a Hold from RBC Capital

By Jason Carr

RBC Capital analyst Amit Daryanani reiterated a Hold rating on Intel Corp (NASDAQ: INTC) today and set a price target of $37. The company’s shares opened today at $36.34.

According to TipRanks.com, Daryanani is a top 25 analyst with an average return of 30.0% and a 90.2% success rate. Daryanani covers the Technology sector, focusing on stocks such as Brocade Communication Systems Inc, Hewlett Packard Enterprise, and Benchmark Electronics.

Currently, the analyst consensus on Intel Corp is Moderate Buy and the average price target is $40.53, representing an 11.5% upside.

In a report issued on May 23, BMO Capital also reiterated a Hold rating on the stock with a $34 price target.

Based on Intel Corp’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $14.8 billion and quarterly net profit of $2.96 billion. In comparison, last year the company earned revenue of $13.7 billion and had a net profit of $2.05 billion.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.