Intel Corp. (NASDAQ:INTC) CEO Brian M. Krzanich sold 67,508 shares of the firm’s stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $37.71, for a total value of $2,545,726.68. Following the sale, the chief executive officer now owns 420,506 shares in the company, valued at approximately $15,857,281.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Intel Corp. (NASDAQ:INTC) traded up 1.20% during mid-day trading on Wednesday, hitting $37.99. 22,420,804 shares of the stock traded hands. Intel Corp. has a one year low of $27.68 and a one year high of $38.31. The company has a 50 day moving average price of $36.38 and a 200-day moving average price of $33.40. The stock has a market capitalization of $179.73 billion, a PE ratio of 18.42 and a beta of 1.09.
Intel Corp. (NASDAQ:INTC) last issued its quarterly earnings data on Wednesday, July 20th. The chip maker reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.06. Intel Corp. had a net margin of 17.84% and a return on equity of 19.99%. The business earned $13.50 billion during the quarter, compared to analysts’ expectations of $13.54 billion. During the same quarter in the previous year, the company earned $0.55 EPS. The business’s revenue was up 2.6% on a year-over-year basis. Equities analysts anticipate that Intel Corp. will post $2.58 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Monday, November 7th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.74%. The ex-dividend date is Thursday, November 3rd. Intel Corp.’s dividend payout ratio (DPR) is 50.24%.
Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Intel Corp. by 1.9% in the second quarter. Vanguard Group Inc. now owns 299,534,545 shares of the chip maker’s stock valued at $9,824,733,000 after buying an additional 5,697,051 shares during the period. Capital World Investors boosted its stake in shares of Intel Corp. by 5.1% in the second quarter. Capital World Investors now owns 167,047,690 shares of the chip maker’s stock valued at $5,479,164,000 after buying an additional 8,095,076 shares during the period. Capital Research Global Investors boosted its stake in shares of Intel Corp. by 4.8% in the second quarter. Capital Research Global Investors now owns 103,104,372 shares of the chip maker’s stock valued at $3,381,823,000 after buying an additional 4,719,872 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Intel Corp. by 23.4% in the second quarter. Dimensional Fund Advisors LP now owns 45,685,548 shares of the chip maker’s stock valued at $1,498,217,000 after buying an additional 8,662,708 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Intel Corp. by 5.8% in the first quarter. Geode Capital Management LLC now owns 44,204,897 shares of the chip maker’s stock valued at $1,427,513,000 after buying an additional 2,414,858 shares during the period. Institutional investors and hedge funds own 64.77% of the company’s stock.
Several research firms have recently issued reports on INTC. Citigroup Inc. restated a “neutral” rating and set a $35.00 price objective (up previously from $31.00) on shares of Intel Corp. in a report on Thursday, June 30th. Oppenheimer Holdings Inc. reiterated a “market perform” rating on shares of Intel Corp. in a report on Thursday, July 21st. BNP Paribas set a $37.00 target price on Intel Corp. and gave the company a “neutral” rating in a report on Friday, July 22nd. Argus reiterated a “buy” rating and issued a $41.00 target price on shares of Intel Corp. in a report on Monday, July 25th. Finally, Vetr cut Intel Corp. from a “hold” rating to a “sell” rating and set a $33.56 target price on the stock. in a report on Tuesday, August 16th. Three research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $39.46.
About Intel Corp.
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.
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