Traders sold shares of Intel Corp. (NASDAQ:INTC) on strength during trading hours on Wednesday following insider selling activity. $101.27 million flowed into the stock on the tick-up and $163.68 million flowed out of the stock on the tick-down, for a money net flow of $62.41 million out of the stock. Of all companies tracked, Intel Corp. had the 0th highest net out-flow for the day. Intel Corp. traded up $0.45 for the day and closed at $37.99Specifically, CEO Brian M. Krzanich sold 67,508 shares of Intel Corp. stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $37.71, for a total transaction of $2,545,726.68. Following the completion of the sale, the chief executive officer now owns 420,506 shares of the company’s stock, valued at $15,857,281.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Andy D. Bryant sold 445,095 shares of Intel Corp. stock in a transaction on Monday, July 25th. The stock was sold at an average price of $34.69, for a total value of $15,440,345.55. Following the sale, the chairman now directly owns 399,557 shares of the company’s stock, valued at approximately $13,860,632.33. The disclosure for this sale can be found here. Insiders own 0.09% of the company’s stock.
A number of research analysts recently commented on the company. Wells Fargo & Co. reaffirmed a “buy” rating on shares of Intel Corp. in a research note on Wednesday, June 8th. Vetr downgraded Intel Corp. from a “strong-buy” rating to a “buy” rating and set a $34.92 price target for the company. in a research note on Wednesday, June 8th. Zacks Investment Research raised Intel Corp. from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a research note on Tuesday, June 21st. Argus reaffirmed a “buy” rating and issued a $41.00 price target on shares of Intel Corp. in a research note on Wednesday, June 29th. Finally, Canaccord Genuity boosted their price target on Intel Corp. from $38.00 to $40.00 and gave the company a “buy” rating in a research note on Monday, July 18th. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $39.59.
The firm has a market capitalization of $179.73 billion, a PE ratio of 18.42 and a beta of 1.09. The firm has a 50-day moving average of $36.38 and a 200-day moving average of $33.40.
Intel Corp. (NASDAQ:INTC) last issued its quarterly earnings results 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 return on equity of 19.99% and a net margin of 17.84%. The firm had revenue of $13.50 billion for the quarter, compared to the consensus estimate of $13.54 billion. During the same period in the prior year, the business posted $0.55 earnings per share. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, equities analysts expect that Intel Corp. will post $2.58 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Monday, November 7th will be paid a $0.26 dividend. The ex-dividend date is Thursday, November 3rd. This represents a $1.04 annualized dividend and a yield of 2.74%. Intel Corp.’s dividend payout ratio (DPR) is currently 50.24%.
Hedge funds and other institutional investors have recently made changes to their positions in the company. James Investment Research Inc. boosted its position in shares of Intel Corp. by 12.8% in the second quarter. James Investment Research Inc. now owns 661,825 shares of the chip maker’s stock valued at $21,708,000 after buying an additional 75,124 shares during the period. Park National Corp OH boosted its position in shares of Intel Corp. by 2.7% in the second quarter. Park National Corp OH now owns 813,717 shares of the chip maker’s stock valued at $26,689,000 after buying an additional 21,481 shares during the period. Nisa Investment Advisors LLC boosted its position in shares of Intel Corp. by 5.2% in the second quarter. Nisa Investment Advisors LLC now owns 1,796,286 shares of the chip maker’s stock valued at $58,917,000 after buying an additional 89,568 shares during the period. NN Investment Partners Holdings N.V. purchased a new position in shares of Intel Corp. during the first quarter valued at about $132,302,000. Finally, Svenska Handelsbanken AB publ purchased a new position in shares of Intel Corp. during the second quarter valued at about $44,489,000. 64.77% of the stock is currently owned by institutional investors.
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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