According to TipRanks, Malik is a top 25 analyst with an average return of 49.3% and a 79.03% success rate. Malik covers the Technology sector, focusing on stocks such as Apple, Advanced Micro Devices, and Nvidia.
In addition to Citi, Intel also received a Buy from KeyBanc’s John Vinh in a report issued yesterday. However, on the same day, Rosenblatt Securities assigned a Sell rating to Intel (NASDAQ: INTC).
Based on Intel’s latest earnings release for the quarter ending June 27, the company reported a quarterly revenue of $16.13 billion and a GAAP net loss of $11.03 billion. In comparison, last year the company earned a revenue of $12.86 billion and had a GAAP net loss of $2.92 billion
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. Last 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.
