Intel Corporation Sees Unusually Large Options Volume (INTC)
Intel Corporation (NASDAQ:INTC) was the target of unusually large options trading on Monday. Stock investors purchased 65,675 call options on the company. This represents an increase of approximately 250% compared to the typical volume of 18,768 call options.
INTC has been the topic of a number of recent analyst reports. B. Riley reaffirmed a “buy” rating and issued a $46.00 target price on shares of Intel Corporation in a research report on Friday, July 28th. BidaskClub raised Intel Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. Vetr lowered Intel Corporation from a “strong-buy” rating to a “buy” rating and set a $40.26 target price on the stock. in a research report on Tuesday, August 8th. Sanford C. Bernstein set a $30.00 target price on Intel Corporation and gave the company a “sell” rating in a research report on Tuesday, August 15th. Finally, Goldman Sachs Group, Inc. (The) reissued a “hold” rating on shares of Intel Corporation in a research report on Wednesday, August 9th. Five analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-five have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $40.51.
In other Intel Corporation news, insider Venkata S. M. Renduchintala sold 13,996 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $35.47, for a total value of $496,438.12. Following the completion of the transaction, the insider now owns 1,536 shares in the company, valued at approximately $54,481.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Diane M. Bryant sold 1,639 shares of the company’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $34.65, for a total value of $56,791.35. Following the completion of the transaction, the executive vice president now owns 114,542 shares of the company’s stock, valued at approximately $3,968,880.30. The disclosure for this sale can be found here. Insiders have sold a total of 81,608 shares of company stock valued at $3,095,110 in the last quarter. Company insiders own 0.08% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in INTC. Janus Henderson Group PLC lifted its stake in shares of Intel Corporation by 4,951.1% in the 2nd quarter. Janus Henderson Group PLC now owns 20,455,051 shares of the chip maker’s stock valued at $690,156,000 after acquiring an additional 20,050,088 shares during the last quarter. Capital Research Global Investors lifted its stake in shares of Intel Corporation by 9.1% in the 2nd quarter. Capital Research Global Investors now owns 128,581,621 shares of the chip maker’s stock valued at $4,338,344,000 after acquiring an additional 10,744,753 shares during the last quarter. Capital World Investors lifted its stake in shares of Intel Corporation by 5.5% in the 2nd quarter. Capital World Investors now owns 197,750,361 shares of the chip maker’s stock valued at $6,672,097,000 after acquiring an additional 10,257,260 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Intel Corporation by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 333,500,073 shares of the chip maker’s stock valued at $11,252,292,000 after acquiring an additional 8,087,302 shares during the last quarter. Finally, Glenview Capital Management LLC bought a new position in shares of Intel Corporation in the 1st quarter valued at $177,881,000. Hedge funds and other institutional investors own 67.03% of the company’s stock.
Intel Corporation (NASDAQ:INTC) opened at 39.34 on Thursday. The company has a market cap of $184.86 billion, a P/E ratio of 15.02 and a beta of 1.07. Intel Corporation has a 12 month low of $33.23 and a 12 month high of $39.70. The firm has a 50-day moving average price of $36.25 and a 200 day moving average price of $35.73.
Intel Corporation (NASDAQ:INTC) last released its earnings results on Thursday, July 27th. The chip maker reported $0.72 earnings per share for the quarter, topping the 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 firm had revenue of $14.76 billion during the quarter, compared to analysts’ expectations of $14.39 billion. During the same period in the prior year, the company earned $0.59 earnings per share. The company’s quarterly revenue was up 9.1% on a year-over-year basis. On average, equities analysts expect that Intel Corporation will post $3.01 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Tuesday, November 7th will be paid a dividend of $0.2725 per share. This represents a $1.09 annualized dividend and a yield of 2.77%. The ex-dividend date is Monday, November 6th. Intel Corporation’s payout ratio is presently 41.76%.
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Intel Corporation Company Profile
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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