Traders Buy Shares of Intel Corporation (INTC) on Weakness
Investors purchased shares of Intel Corporation (NASDAQ:INTC) on weakness during trading hours on Monday. $148.68 million flowed into the stock on the tick-up and $118.79 million flowed out of the stock on the tick-down, for a money net flow of $29.89 million into the stock. Of all equities tracked, Intel Corporation had the 9th highest net in-flow for the day. Intel Corporation traded down ($0.01) for the day and closed at $44.62
A number of brokerages have recently weighed in on INTC. B. Riley reissued a “buy” rating and set a $46.00 price objective on shares of Intel Corporation in a research note on Friday, July 28th. BidaskClub upgraded shares of Intel Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. Vetr lowered shares of 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. Canaccord Genuity raised their target price on shares of Intel Corporation from $41.00 to $45.00 and gave the stock a “hold” rating in a research report on Friday, November 17th. Finally, Sanford C. Bernstein set a $30.00 target price on shares of Intel Corporation and gave the stock a “sell” rating in a research report on Tuesday, August 15th. Five equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $43.40.
The company has a debt-to-equity ratio of 0.39, a current ratio of 1.60 and a quick ratio of 1.27. The company has a market cap of $210,320.00, a PE ratio of 14.03, a P/E/G ratio of 1.63 and a beta of 1.09.
Intel Corporation (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, October 26th. The chip maker reported $1.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.21. The business had revenue of $16.15 billion during the quarter, compared to the consensus estimate of $15.73 billion. Intel Corporation had a net margin of 22.31% and a return on equity of 22.65%. Intel Corporation’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.80 EPS. equities analysts predict that Intel Corporation will post 3.25 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Tuesday, November 7th will be issued a dividend of $0.2725 per share. This represents a $1.09 annualized dividend and a dividend yield of 2.43%. The ex-dividend date is Monday, November 6th. Intel Corporation’s dividend payout ratio is currently 38.25%.
In related news, Chairman Andy D. Bryant sold 89,087 shares of the company’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $44.80, for a total transaction of $3,991,097.60. Following the completion of the transaction, the chairman now directly owns 428,789 shares in the company, valued at approximately $19,209,747.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Stacy J. Smith sold 472,337 shares of the stock in a transaction on Monday, October 30th. The shares were sold at an average price of $44.23, for a total transaction of $20,891,465.51. Following the completion of the transaction, the insider now owns 265,298 shares of the company’s stock, valued at approximately $11,734,130.54. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 659,036 shares of company stock valued at $28,872,880. 0.08% of the stock is owned by insiders.
Several hedge funds have recently made changes to their positions in the company. Murphy Capital Management Inc. increased its position in shares of Intel Corporation by 18.4% during the 2nd quarter. Murphy Capital Management Inc. now owns 31,721 shares of the chip maker’s stock worth $1,070,000 after purchasing an additional 4,928 shares in the last quarter. Papp L Roy & Associates increased its position in shares of Intel Corporation by 1.2% during the 2nd quarter. Papp L Roy & Associates now owns 68,065 shares of the chip maker’s stock worth $2,297,000 after purchasing an additional 800 shares in the last quarter. Crescent Grove Advisors LLC acquired a new stake in shares of Intel Corporation during the 2nd quarter worth about $555,000. United Bank increased its position in shares of Intel Corporation by 108.0% during the 2nd quarter. United Bank now owns 43,841 shares of the chip maker’s stock worth $1,479,000 after purchasing an additional 22,765 shares in the last quarter. Finally, Chicago Partners Investment Group LLC increased its position in shares of Intel Corporation by 182.1% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 15,097 shares of the chip maker’s stock worth $530,000 after purchasing an additional 9,746 shares in the last quarter. Institutional investors own 66.90% of the company’s stock.
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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