On Wednesday UBS Securities reiterated its broker consensus on shares of Intel Corporation (NASDAQ:INTC) giving the company a ‘Buy’ rating.
UBS Securities gave shares of Intel Corporation a price target of 40 indicating a potential increase of 12.93% from Intel Corporation’s current price of 35.42.
In the prior 12 months Intel Corporation’s stock price has increased by 8.88% from 32.53 to 35.42.
Intel Corporation has 4,731,000,000 shares in issue which have a share price of 35.42 giving Intel Corporation a market capitalisation of 167.57B USD .
The 52 week high of Intel Corporation’s shares is 38.36 whilst the 52 week low for the company’s shares is 27.68. The 50 day moving average of NASDAQ:INTC is 36.98 and the 200 day moving average is 33.74.
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. DCG segment includes server, network and storage platforms designed for the enterprise, cloud, communications infrastructure and technical computing segments. IOTG segment includes platforms designed for Internet of Things market segments, including retail, transportation, industrial, and buildings and home use. SSG segment includes Intel Security Group, and Software and Services group. All Other segment includes Non-Volatile Memory Solutions Group and the New Devices Group.