Intel Corporation (INTC) CEO Brian M. Krzanich Sells 61,860 Shares
Intel Corporation (NASDAQ:INTC) CEO Brian M. Krzanich sold 61,860 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $38.74, for a total transaction of $2,396,456.40. Following the completion of the sale, the chief executive officer now directly owns 543,948 shares of the company’s stock, valued at $21,072,545.52. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Shares of Intel Corporation (INTC) opened at 39.38 on Wednesday. Intel Corporation has a 52 week low of $33.23 and a 52 week high of $39.70. The firm has a market capitalization of $185.05 billion, a price-to-earnings ratio of 15.03 and a beta of 1.07. The stock has a 50 day moving average price of $36.15 and a 200-day moving average price of $35.70. Intel Corporation also was the recipient of some unusual options trading on Monday. Stock investors acquired 65,675 call options on the company. This is an increase of approximately 250% compared to the typical daily volume of 18,768 call options.
Intel Corporation (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, July 27th. The chip maker reported $0.72 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.04. Intel Corporation had a return on equity of 21.86% and a net margin of 20.60%. The company had revenue of $14.76 billion for the quarter, compared to analyst estimates of $14.39 billion. During the same quarter last year, the company posted $0.59 EPS. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. On average, equities research analysts forecast that Intel Corporation will post $3.01 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Tuesday, November 7th will be given a dividend of $0.2725 per share. The ex-dividend date of this dividend is Monday, November 6th. This represents a $1.09 annualized dividend and a dividend yield of 2.77%. Intel Corporation’s dividend payout ratio is currently 41.76%.
Institutional investors have recently added to or reduced their stakes in the business. Howe & Rusling Inc. grew its holdings in shares of Intel Corporation by 2.3% during the 1st quarter. Howe & Rusling Inc. now owns 183,113 shares of the chip maker’s stock valued at $6,605,000 after purchasing an additional 4,058 shares during the last quarter. Beese Fulmer Investment Management Inc. lifted its stake in Intel Corporation by 2.1% in the 1st quarter. Beese Fulmer Investment Management Inc. now owns 84,778 shares of the chip maker’s stock valued at $3,058,000 after purchasing an additional 1,709 shares during the last quarter. First United Bank Trust lifted its stake in Intel Corporation by 1.8% in the 1st quarter. First United Bank Trust now owns 36,322 shares of the chip maker’s stock valued at $1,310,000 after purchasing an additional 640 shares during the last quarter. Reilly Financial Advisors LLC lifted its stake in Intel Corporation by 10.3% in the 1st quarter. Reilly Financial Advisors LLC now owns 46,377 shares of the chip maker’s stock valued at $1,673,000 after purchasing an additional 4,349 shares during the last quarter. Finally, Lodestar Investment Counsel LLC IL lifted its stake in Intel Corporation by 5.6% in the 1st quarter. Lodestar Investment Counsel LLC IL now owns 182,275 shares of the chip maker’s stock valued at $6,575,000 after purchasing an additional 9,743 shares during the last quarter. Hedge funds and other institutional investors own 67.03% of the company’s stock.
Several equities analysts have recently issued reports on INTC shares. Vetr cut shares of Intel Corporation from a “strong-buy” rating to a “buy” rating and set a $42.80 price objective on the stock. in a research note on Tuesday. ValuEngine raised shares of Intel Corporation from a “hold” rating to a “buy” rating in a research note on Monday. Zacks Investment Research cut shares of Intel Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. J P Morgan Chase & Co restated an “overweight” rating on shares of Intel Corporation in a report on Thursday, September 14th. Finally, Canaccord Genuity restated a “hold” rating and issued a $38.00 price target on shares of Intel Corporation in a research report on Monday, September 11th. Five analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $40.51.
About Intel Corporation
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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