Investors Sell Shares of Intel Corp. (INTC) on Strength (INTC)
Investors sold shares of Intel Corp. (NASDAQ:INTC) on strength during trading on Friday. $232.30 million flowed into the stock on the tick-up and $545.69 million flowed out of the stock on the tick-down, for a money net flow of $313.39 million out of the stock. Of all stocks tracked, Intel Corp. had the 0th highest net out-flow for the day. Intel Corp. traded up $1.11 for the day and closed at $37.67
Several research analysts have recently weighed in on INTC shares. Vetr downgraded shares of Intel Corp. from a “hold” rating to a “sell” rating and set a $34.32 target price for the company. in a research note on Monday, August 29th. Wells Fargo & Co. restated a “buy” rating on shares of Intel Corp. in a research note on Sunday, September 4th. Morgan Stanley restated an “underweight” rating and issued a $31.00 target price on shares of Intel Corp. in a research note on Wednesday. Canaccord Genuity restated a “buy” rating and issued a $40.00 target price on shares of Intel Corp. in a research note on Tuesday, August 23rd. Finally, RBC Capital Markets restated a “sector perform” rating and issued a $36.00 target price on shares of Intel Corp. in a research note on Wednesday, August 31st. Three analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirty have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $37.84.
The stock has a market capitalization of $178.22 billion, a PE ratio of 18.27 and a beta of 0.93. The firm has a 50-day moving average price of $35.26 and a 200-day moving average price of $32.70.
Intel Corp. (NASDAQ:INTC) last announced its quarterly earnings results on Wednesday, July 20th. The chip maker reported $0.59 EPS for the quarter, beating the Zacks’ 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 analyst estimates of $13.54 billion. During the same period last year, the firm posted $0.55 earnings per share. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, analysts expect that Intel Corp. will post $2.54 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Monday, November 7th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Thursday, November 3rd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.76%. Intel Corp.’s dividend payout ratio (DPR) is 50.24%.
In other news, EVP Venkata S. M. Renduchintala sold 13,997 shares of the firm’s stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $34.71, for a total transaction of $485,835.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Brian M. Krzanich sold 71,413 shares of the firm’s stock in a transaction dated Friday, July 1st. The stock was sold at an average price of $32.73, for a total value of $2,337,347.49. Following the transaction, the chief executive officer now owns 435,796 shares of the company’s stock, valued at $14,263,603.08. The disclosure for this sale can be found here. Insiders own 0.09% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Carnick & Kubik LLC bought a new position in shares of Intel Corp. during the first quarter worth about $100,000. Global X Management Co. LLC increased its position in shares of Intel Corp. by 52.0% in the second quarter. Global X Management Co. LLC now owns 3,037 shares of the chip maker’s stock worth $100,000 after buying an additional 1,039 shares during the period. Penserra Capital Management LLC increased its position in shares of Intel Corp. by 36.3% in the second quarter. Penserra Capital Management LLC now owns 3,178 shares of the chip maker’s stock worth $104,000 after buying an additional 847 shares during the period. Nelson Roberts Investment Advisors LLC increased its position in shares of Intel Corp. by 55.3% in the second quarter. Nelson Roberts Investment Advisors LLC now owns 3,443 shares of the chip maker’s stock worth $113,000 after buying an additional 1,226 shares during the period. Finally, Proficio Capital Partners LLC increased its stake in shares of Intel Corp. by 143.0% in the second quarter. Proficio Capital Partners LLC now owns 3,395 shares of the chip maker’s stock worth $118,000 after buying an additional 1,998 shares during the last quarter. Institutional investors own 64.77% of the company’s stock.
Intel Corp. Company Profile
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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