Intel Co. (NASDAQ:INTC) EVP Navin Shenoy sold 2,847 shares of Intel stock in a transaction on Friday, July 31st. The shares were sold at an average price of $48.18, for a total transaction of $137,168.46. Following the completion of the transaction, the executive vice president now owns 71,807 shares in the company, valued at $3,459,661.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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 transaction of $419,886.94.

NASDAQ:INTC opened at $47.73 on Friday. The firm has a 50 day simple moving average of $58.00 and a 200-day simple moving average of $59.19. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.97 and a quick ratio of 1.58. The firm has a market cap of $204.10 billion, a PE ratio of 8.54, a P/E/G ratio of 1.32 and a beta of 0.78. Intel Co. has a 1-year low of $43.63 and a 1-year high of $69.29.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, July 23rd. The chip maker reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 29.97% and a return on equity of 31.55%. During the same quarter in the previous year, the business posted $1.06 earnings per share. As a group, sell-side analysts expect that Intel Co. will post 4.85 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 7th will be given 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 dividend payout ratio is presently 27.10%.

Several large investors have recently bought and sold shares of INTC. Nuveen Asset Management LLC raised its position in shares of Intel by 45.2% in the first quarter. Nuveen Asset Management LLC now owns 39,226,298 shares of the chip maker’s stock valued at $2,122,927,000 after buying an additional 12,217,997 shares during the last quarter. BlackRock Inc. increased its position in Intel by 2.9% during the first quarter. BlackRock Inc. now owns 311,391,281 shares of the chip maker’s stock worth $16,852,495,000 after purchasing an additional 8,659,315 shares during the last quarter. Advisor Group Holdings Inc. acquired a new position in Intel during the first quarter worth approximately $73,141,000. Swedbank increased its position in Intel by 195.4% during the first quarter. Swedbank now owns 5,394,241 shares of the chip maker’s stock worth $291,936,000 after purchasing an additional 3,567,898 shares during the last quarter. Finally, Swiss National Bank increased its position in Intel by 20.9% during the first quarter. Swiss National Bank now owns 16,882,304 shares of the chip maker’s stock worth $913,670,000 after purchasing an additional 2,913,600 shares during the last quarter. 64.95% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have recently issued reports on INTC. Tigress Financial reiterated a “buy” rating on shares of Intel in a research note on Thursday. Raymond James upgraded shares of Intel from an “underperform” rating to a “market perform” rating and set a $75.00 price target on the stock in a research note on Monday, April 6th. KeyCorp upgraded shares of Intel from a “sector weight” rating to an “overweight” rating and set a $82.00 price target on the stock in a research note on Monday, June 15th. Morgan Stanley dropped their price target on shares of Intel from $65.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Friday, July 24th. Finally, BidaskClub lowered shares of Intel from a “sell” rating to a “strong sell” rating in a research note on Wednesday. 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. The stock presently has an average rating of “Hold” and a consensus target price of $61.67.

About Intel

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.

See Also: Net Income

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

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