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Intel Corporation (NASDAQ:INTC) planning to auction off its portfolio of patents

By on June 26, 2019 0

Intel Corporation (NASDAQ:INTC) is planning to auction off its portfolio of patents related to cellular wireless connectivity, according to a new report from IAM.  Intel’s upcoming auction follows the company’s April decision to exit the 5G smartphone modem business. Intel stopped work on 5G modem technology after Apple and Qualcomm reached a settlement and a supply agreement that will see Qualcomm providing 5G modem chips for future iPhones.

Intel Corporation (NASDAQ:INTC) shares shed -1.64% to finally closed at $46.85 in last active session. 

INTC’s distance from 20 day simple moving average is 2.27% and distance from 50-Day simple moving average is -3.80%.

Analyst’s mean target price for INTC is $52.72 while analysts mean recommendation is 2.90. Stock value has moved between $42.21 – 59.3 in last one year. Stock has got OUTPERFORM rating from 8 of Thomson Reuters analysts, 17 given HOLD rating to the stock and 8 given UNDERPERFORM rating. Analyst’s mean target price for INTC is $52.72 while analysts mean recommendation is 2.90. 

Intel Corporation (NASDAQ:INTC) yearly performance is -10.76% and net profit margin is 29.00%. Annual EPS Growth of past 5 years is 18.50%. The current share price indicates that stock is -21.38% away from its one year high and is moving 10.60% ahead of its 52-week low. 



On 25 June 2018, Regions Financial Corporation (NYSE:RF) shares shed -0.83% and ultimately finalized to $14.39 in last traded day. Stock has got OUTPERFORM rating from 6 of Thomson Reuters analysts, 13 given HOLD rating to the stock and 2 given UNDERPERFORM rating. Analyst’s mean target price for RF is $17.08 while analysts mean recommendation is 2.50. 



At the movement Snap Inc. (NYSE:SNAP) is under coverage by number of analysts. Buy rating has been given by 2 analysts to the company stock whereas 4 given UNDERPERFORM rating to stock and 25 given HOLD rating. The consensus recommendation by Thomson Reuters analysts is -0.10 and their mean rating for the stock is 2.97 on scale of 1-5. Analysts mean target price for Snap Inc. (NYSE:SNAP) is $11.56 while their mean recommendation is 3.00 (1=Buy, 5=sell). 

If we look at stock performance in last active day trading, we see that stock has moved shed -1.56% to end the day at $14.53. The current share price indicate that stock is -3.20% away from its one year high and is moving 201.45% ahead of its 52-week low. 

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