Northland Securities Sticks to Their Sell Rating for Intel (INTC)

Northland Securities analyst Gus Richard maintained a Sell rating on Intel (INTCResearch Report) today and set a price target of $42.00. The company’s shares closed last Friday at $54.97.

According to, Richard is a top 100 analyst with an average return of 32.8% and a 70.0% success rate. Richard covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Power Integrations, and Enphase Energy.

The word on The Street in general, suggests a Hold analyst consensus rating for Intel with a $62.35 average price target, an 11.2% upside from current levels. In a report issued on July 16, Goldman Sachs also maintained a Sell rating on the stock with a $57.00 price target.

See today’s analyst top recommended stocks >>

Based on Intel’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $19.67 billion and net profit of $3.36 billion. In comparison, last year the company earned revenue of $19.83 billion and had a net profit of $5.66 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.

Intel manufactures and sells microprocessors, chipsets, flash memory as well as other products and platforms for compute, storage, network and other functions. The company’s data-centric businesses include Data Center Group (DCG), Internet of Things (IOTG), Mobileye, Non-volatile Memory Solutions Group (NSG), Programmable Solutions Group (PSG), with the PC-centric business comprised of Client Computing Group (CCG). It derives a majority of its revenue from platform products, which incorporate various components and technologies, including a microprocessor and chipset, a stand-alone SoC, or multichip package.