Navin Shenoy Sells 8,551 Shares of Intel Co. (INTC) Stock

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Intel Co. (NASDAQ:INTC) EVP Navin Shenoy sold 8,551 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $54.33, for a total transaction of $464,575.83. Following the completion of the sale, the executive vice president now owns 67,388 shares in the company, valued at approximately $3,661,190.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Navin Shenoy also recently made the following trade(s):

  • On Tuesday, February 26th, Navin Shenoy sold 14,493 shares of Intel stock. The stock was sold at an average price of $53.03, for a total transaction of $768,563.79.
  • On Monday, February 4th, Navin Shenoy sold 1,626 shares of Intel stock. The stock was sold at an average price of $48.62, for a total transaction of $79,056.12.
  • On Thursday, January 31st, Navin Shenoy sold 1,821 shares of Intel stock. The stock was sold at an average price of $46.74, for a total transaction of $85,113.54.
  • On Monday, January 28th, Navin Shenoy sold 1,518 shares of Intel stock. The stock was sold at an average price of $46.11, for a total transaction of $69,994.98.

Shares of INTC stock opened at $54.64 on Friday. The company has a quick ratio of 1.30, a current ratio of 1.73 and a debt-to-equity ratio of 0.34. The stock has a market cap of $251.79 billion, a price-to-earnings ratio of 11.93, a P/E/G ratio of 1.42 and a beta of 0.79. Intel Co. has a 1-year low of $42.36 and a 1-year high of $57.60.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, January 24th. The chip maker reported $1.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.06. Intel had a net margin of 29.72% and a return on equity of 30.08%. The business had revenue of $18.66 billion during the quarter, compared to analyst estimates of $19.02 billion. During the same quarter last year, the firm posted $1.08 earnings per share. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. Equities research analysts anticipate that Intel Co. will post 4.5 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th will be issued a $0.315 dividend. The ex-dividend date of this dividend is Monday, May 6th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.31%. Intel’s payout ratio is 27.51%.

INTC has been the topic of several research reports. JPMorgan Chase & Co. restated a “buy” rating and issued a $64.00 target price on shares of Intel in a report on Friday, January 25th. Northland Securities dropped their target price on shares of Intel to $38.00 and set an “underperform” rating on the stock in a report on Friday, January 25th. Morgan Stanley upgraded shares of Intel from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $55.00 to $64.00 in a report on Friday, February 22nd. Needham & Company LLC cut shares of Intel from a “buy” rating to a “hold” rating and dropped their target price for the stock from $58.00 to $50.00 in a report on Friday, January 25th. Finally, Citigroup restated a “buy” rating and issued a $54.00 target price (up previously from $50.00) on shares of Intel in a report on Friday, January 11th. Six investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Intel presently has an average rating of “Hold” and an average target price of $54.33.

A number of large investors have recently bought and sold shares of the stock. Atwater Malick LLC purchased a new stake in shares of Intel in the 4th quarter worth about $4,403,000. Pinnacle Bank acquired a new position in shares of Intel during the 4th quarter valued at about $1,425,000. Occidental Asset Management LLC increased its stake in shares of Intel by 2.0% during the 4th quarter. Occidental Asset Management LLC now owns 13,853 shares of the chip maker’s stock valued at $650,000 after acquiring an additional 275 shares during the last quarter. Centric Wealth Management purchased a new stake in shares of Intel during the 4th quarter worth about $512,000. Finally, CMC Financial Group purchased a new stake in shares of Intel during the 4th quarter worth about $1,203,000. Hedge funds and other institutional investors own 63.66% of the company’s stock.

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Intel Company Profile

Intel Corporation offers computing, networking, data storage, and communication solutions worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments. The company offers microprocessors, and system-on-chip and multichip packaging products.

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