Investors sold shares of Intel Co. (NASDAQ:INTC) on strength during trading on Wednesday. $197.35 million flowed into the stock on the tick-up and $315.89 million flowed out of the stock on the tick-down, for a money net flow of $118.54 million out of the stock. Of all equities tracked, Intel had the 4th highest net out-flow for the day. Intel traded up $0.08 for the day and closed at $51.86
INTC has been the topic of a number of research analyst reports. Instinet raised their price objective on shares of Intel to $50.00 and gave the stock a “buy” rating in a report on Tuesday, December 5th. Vetr lowered shares of Intel from a “strong-buy” rating to a “buy” rating and set a $48.80 price objective on the stock. in a report on Tuesday, January 2nd. BidaskClub lowered shares of Intel from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 27th. Goldman Sachs Group restated a “neutral” rating and set a $48.00 price objective on shares of Intel in a report on Friday, January 26th. Finally, Sanford C. Bernstein set a $34.00 price objective on shares of Intel and gave the stock a “sell” rating in a report on Wednesday, January 3rd. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the stock. Intel has an average rating of “Buy” and a consensus price target of $50.04.
The company has a market cap of $242,080.00, a price-to-earnings ratio of 16.57, a P/E/G ratio of 1.74 and a beta of 1.01. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.69 and a quick ratio of 1.29.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Wednesday, February 7th were issued a dividend of $0.30 per share. This is an increase from Intel’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $1.20 annualized dividend and a dividend yield of 2.31%. Intel’s payout ratio is presently 38.34%.
In related news, EVP Navin Shenoy sold 2,155 shares of Intel stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $45.63, for a total transaction of $98,332.65. Following the completion of the sale, the executive vice president now owns 20,933 shares of the company’s stock, valued at approximately $955,172.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Brian M. Krzanich sold 5,873 shares of Intel stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $45.58, for a total transaction of $267,691.34. Following the sale, the chief executive officer now directly owns 259,082 shares of the company’s stock, valued at approximately $11,808,957.56. The disclosure for this sale can be found here. Insiders have sold a total of 123,914 shares of company stock valued at $6,011,490 in the last ninety days. 0.08% of the stock is currently owned by insiders.
Several hedge funds have recently made changes to their positions in INTC. Green Square Capital LLC raised its stake in Intel by 19.5% in the 4th quarter. Green Square Capital LLC now owns 201,313 shares of the chip maker’s stock worth $9,293,000 after purchasing an additional 32,884 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in Intel by 12.3% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 517,028 shares of the chip maker’s stock worth $23,866,000 after purchasing an additional 56,477 shares in the last quarter. Certified Advisory Corp acquired a new stake in Intel in the 4th quarter worth about $310,000. Wagner Wealth Management LLC acquired a new stake in Intel in the 4th quarter worth about $337,000. Finally, D.B. Root & Company LLC acquired a new stake in Intel in the 4th quarter worth about $1,064,000. 69.22% of the stock is owned by institutional investors and hedge funds.
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Intel Company Profile
Intel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud. The Company’s segments are Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG).
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