According to TipRanks, Stein is a top 25 analyst with an average return of 41.1% and a 77.47% success rate. Stein covers the Technology sector, focusing on stocks such as TTM Technologies, Nvidia, and Arrow Electronics.
In addition to Truist Financial, Intel also received a Hold from DBS’s Amanda Tan in a report issued on June 10. However, on June 11, Bank of America Securities upgraded Intel (NASDAQ: INTC) to a Buy.
Based on Intel’s latest earnings release for the quarter ending March 28, the company reported a quarterly revenue of $13.58 billion and a GAAP net loss of $3.73 billion. In comparison, last year the company earned a revenue of $12.67 billion and had a GAAP net loss of $821 million
Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of INTC in relation to earlier this year. Earlier this month, Nagasubramaniyan Chandrasekaran, the EVP, CT & Ops Off, GM Foundry of INTC sold 21,024.00 shares for a total of $2,486,508.48.
