Investors Sell Shares of Intel Co. (INTC) on Strength (INTC)
Investors sold shares of Intel Co. (NASDAQ:INTC) on strength during trading on Wednesday. $116.77 million flowed into the stock on the tick-up and $170.16 million flowed out of the stock on the tick-down, for a money net flow of $53.39 million out of the stock. Of all stocks tracked, Intel had the 0th highest net out-flow for the day. Intel traded up $0.46 for the day and closed at $40.25
A number of analysts have commented on the stock. Jefferies Group LLC restated an “underperform” rating and set a $30.00 price target (up from $29.00) on shares of Intel in a research report on Friday, July 28th. They noted that the move was a valuation call. Sanford C. Bernstein set a $30.00 price target on shares of Intel and gave the stock a “sell” rating in a research report on Tuesday, August 15th. Royal Bank Of Canada restated a “sector perform” rating and set a $40.00 price target (up from $37.00) on shares of Intel in a research report on Friday, October 6th. Hilliard Lyons initiated coverage on shares of Intel in a research report on Wednesday, July 12th. They set a “buy” rating and a $41.00 price target on the stock. Finally, Northland Securities set a $40.00 target price on shares of Intel and gave the stock a “hold” rating in a report on Friday, July 28th. Five investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. Intel presently has a consensus rating of “Hold” and an average price target of $41.09.
The stock has a market cap of $188.38 billion, a price-to-earnings ratio of 15.30 and a beta of 1.07. The firm has a 50 day moving average of $37.76 and a 200-day moving average of $36.06.
Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, July 27th. The chip maker reported $0.72 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.04. The business had revenue of $14.76 billion during the quarter, compared to the consensus estimate of $14.39 billion. Intel had a return on equity of 16.63% and a net margin of 19.02%. Intel’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.59 earnings per share. On average, equities research analysts expect that Intel Co. will post $3.01 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Tuesday, November 7th will be paid a $0.2725 dividend. This represents a $1.09 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend is Monday, November 6th. Intel’s dividend payout ratio (DPR) is presently 41.76%.
In related news, insider Venkata S. M. Renduchintala sold 1,424 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $36.40, for a total value of $51,833.60. Following the completion of the transaction, the insider now owns 1,536 shares of the company’s stock, valued at $55,910.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Brian M. Krzanich sold 61,860 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $38.74, for a total value of $2,396,456.40. Following the transaction, the chief executive officer now directly owns 543,948 shares of the company’s stock, valued at approximately $21,072,545.52. The disclosure for this sale can be found here. In the last ninety days, insiders sold 81,608 shares of company stock valued at $3,095,110. 0.08% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Jackson Grant Investment Advisers Inc. raised its stake in Intel by 0.4% during the second quarter. Jackson Grant Investment Advisers Inc. now owns 7,785 shares of the chip maker’s stock worth $263,000 after acquiring an additional 29 shares in the last quarter. Summit Asset Management LLC raised its stake in Intel by 0.7% during the first quarter. Summit Asset Management LLC now owns 6,281 shares of the chip maker’s stock worth $227,000 after acquiring an additional 46 shares in the last quarter. Conservest Capital Advisors Inc. raised its stake in Intel by 0.6% during the second quarter. Conservest Capital Advisors Inc. now owns 8,953 shares of the chip maker’s stock worth $302,000 after acquiring an additional 51 shares in the last quarter. Hudock Capital Group LLC raised its stake in Intel by 0.4% during the first quarter. Hudock Capital Group LLC now owns 12,570 shares of the chip maker’s stock worth $453,000 after acquiring an additional 53 shares in the last quarter. Finally, Paradigm Financial Advisors LLC raised its stake in Intel by 0.3% during the second quarter. Paradigm Financial Advisors LLC now owns 26,264 shares of the chip maker’s stock worth $886,000 after acquiring an additional 67 shares in the last quarter. 67.02% of the stock is owned by hedge funds and other institutional investors.
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Intel 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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