Intel (NASDAQ:INTC) Rating Increased

Morgan Stanley increased shares of Intel (NASDAQ:INTC) from “Underweight” rating to “Equal-Weight” rating in analysts report revealed to clients and investors on Friday, 27 January.

Despite the firm’s rating upgrade NASDAQ:INTC is right now trading -0.63% lower at $37.56 as of 2:04 AM New York time. Intel’s stock is 0% over the last 200 days. It has underperformed the S&P500, which has surged 11.40% over the same time period.

According to data compiled by Thomson Reuters, Intel (NASDAQ:INTC)’s stock is covered by 34 equity analysts across the Street, with 3 analysts giving it a Sell rating, 26 a Buy rating, while 16 consider it a Hold. The 12-month consensus target price for the stock is $35.35, which reflects an downside potential of 5.88% over the current price.

Institutional Ownership

Srb Corp had the biggest stake with ownership of 3.15M shares as of q2 2015 for 17.36% of the fund portfolio. Underhill Investment Management Llc is another quite bullish active investment manager who is possessing 486,600 shares of Intel or 10.17% of their fund portfolio. Furthermore, Alpine Investment Management Llc have 9.74% of their fund portfolio invested in the company for 3.73M shares. The New York-based fund Price Michael F disclosed it had acquired so far a stake worth about 9.03% of the active investment manager’s stock portfolio in Intel. The Delaware-based fund Ashmore Wealth Management Llc is also positive about the stock, possessing 1.80M shares or 8.75% of their fund portfolio.

Intel (NASDAQ:INTC) Profile

Intel Corporation is engaged in the design and manufacture of digital technology platforms. The Company’s segments include Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Software and Services (SSG) and All Other. 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.

Intel (NASDAQ:INTC) traded down -0.63% on 27 January, hitting $37.56. A total of 2,338 shares of the company’s stock traded hands. This is down from average of 19.80 million shares. Intel has a 52 week low of $27.68 and a 52 week high of $38.36. The company has a market cap of $178.85 billion and a P/E ratio of 17.66.

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