Insider Selling: Intel Co. (NASDAQ:INTC) EVP Sells 2,847 Shares of Stock

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Intel Co. (NASDAQ:INTC) EVP Navin Shenoy sold 2,847 shares of the stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $48.18, for a total value of $137,168.46. Following the transaction, the executive vice president now owns 71,807 shares in the company, valued at $3,459,661.26. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

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

  • On Wednesday, July 1st, Navin Shenoy sold 7,018 shares of Intel stock. The shares were sold at an average price of $59.83, for a total value of $419,886.94.

INTC stock opened at $47.73 on Friday. Intel Co. has a twelve month low of $43.63 and a twelve month high of $69.29. The company has a quick ratio of 1.58, a current ratio of 1.97 and a debt-to-equity ratio of 0.44. The firm has a market cap of $204.10 billion, a PE ratio of 8.79, a price-to-earnings-growth ratio of 1.32 and a beta of 0.78. The business has a 50 day moving average of $58.00 and a 200 day moving average of $59.19.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, July 23rd. The chip maker reported $1.23 EPS for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.12. The business had revenue of $19.73 billion during the quarter, compared to analyst estimates of $18.54 billion. Intel had a return on equity of 31.55% and a net margin of 29.97%. During the same quarter last year, the company earned $1.06 EPS. On average, research analysts expect that Intel Co. will post 4.85 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 7th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend is Thursday, August 6th. Intel’s payout ratio is 27.10%.

Several brokerages recently weighed in on INTC. Jefferies Financial Group increased their target price on Intel from $53.00 to $62.00 and gave the company a “hold” rating in a report on Wednesday, April 22nd. Loop Capital dropped their target price on Intel from $59.00 to $50.00 and set a “sell” rating for the company in a report on Friday, July 24th. Barclays cut Intel from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $58.00 to $48.00 in a report on Friday, July 24th. BNP Paribas cut Intel from an “outperform” rating to an “underperform” rating in a report on Friday, July 24th. Finally, Bank of America cut Intel from a “buy” rating to a “neutral” rating and dropped their target price for the company from $70.00 to $62.00 in a report on Friday, July 24th. Twelve research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and fifteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $61.67.

Several institutional investors have recently bought and sold shares of INTC. Modus Advisors LLC bought a new stake in shares of Intel in the 2nd quarter worth $25,000. Price Wealth LLC increased its holdings in shares of Intel by 119.5% in the 2nd quarter. Price Wealth LLC now owns 461 shares of the chip maker’s stock worth $28,000 after purchasing an additional 251 shares in the last quarter. Lion Street Advisors LLC bought a new stake in shares of Intel in the 1st quarter worth $29,000. Marshall & Sullivan Inc. WA bought a new stake in shares of Intel in the 2nd quarter worth $60,000. Finally, Horan Securities Inc. bought a new stake in shares of Intel in the 1st quarter worth $66,000. 64.95% of the stock is owned by institutional investors and hedge funds.

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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Insider Buying and Selling by Quarter for Intel (NASDAQ:INTC)

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