Traders Sell Intel Corporation (INTC) on Strength (INTC)
Investors sold shares of Intel Corporation (NASDAQ:INTC) on strength during trading on Monday. $173.30 million flowed into the stock on the tick-up and $298.62 million flowed out of the stock on the tick-down, for a money net flow of $125.32 million out of the stock. Of all equities tracked, Intel Corporation had the 0th highest net out-flow for the day. Intel Corporation traded up $0.96 for the day and closed at $39.04
Several research analysts recently weighed in on INTC shares. Jefferies Group LLC reissued an “underperform” rating and set a $30.00 price target (up from $29.00) on shares of Intel Corporation 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 objective on Intel Corporation and gave the stock a “sell” rating in a research report on Tuesday, August 15th. Hilliard Lyons started coverage on Intel Corporation in a research report on Wednesday, July 12th. They set a “buy” rating and a $41.00 price objective for the company. Northland Securities set a $40.00 target price on Intel Corporation and gave the company a “hold” rating in a research note on Friday, July 28th. Finally, Barclays PLC reaffirmed an “overweight” rating on shares of Intel Corporation in a research note on Friday, July 21st. Five research 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’s stock. Intel Corporation has a consensus rating of “Hold” and an average price target of $40.51.
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 firm’s 50-day moving average price is $36.15 and its 200-day moving average price is $35.70. Intel Corporation also saw unusually large options trading on Monday. Stock investors acquired 65,675 call options on the company. This is an increase of 250% compared to the average volume of 18,768 call options.
Intel Corporation (NASDAQ:INTC) last issued its earnings results on Thursday, July 27th. The chip maker reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $14.39 billion. During the same period last year, the business earned $0.59 EPS. Intel Corporation’s quarterly revenue was up 9.1% compared to the same quarter last year. On average, analysts forecast that Intel Corporation will post $3.01 EPS for the current year.
The firm also recently declared 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. The ex-dividend date of this dividend is Monday, November 6th. This represents a $1.09 dividend on an annualized basis and a yield of 2.77%. Intel Corporation’s dividend payout ratio (DPR) is presently 41.76%.
In related news, CEO Brian M. Krzanich sold 61,860 shares of Intel Corporation stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $38.74, for a total transaction of $2,396,456.40. Following the transaction, the chief executive officer now owns 543,948 shares of the company’s stock, valued at $21,072,545.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Venkata S. M. Renduchintala sold 13,996 shares of Intel Corporation stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $35.47, for a total value of $496,438.12. Following the transaction, the insider now directly owns 1,536 shares in the company, valued at approximately $54,481.92. The disclosure for this sale can be found here. Insiders sold 81,608 shares of company stock worth $3,095,110 over the last ninety days. 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 the stock. Jackson Grant Investment Advisers Inc. grew its stake in shares of Intel Corporation by 0.4% in the 2nd 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 holdings in shares of Intel Corporation by 0.7% in the first quarter. Summit Asset Management LLC now owns 6,281 shares of the chip maker’s stock valued at $227,000 after purchasing an additional 46 shares during the last quarter. First Hawaiian Bank raised its holdings in shares of Intel Corporation by 0.9% in the first quarter. First Hawaiian Bank now owns 5,769 shares of the chip maker’s stock valued at $208,000 after purchasing an additional 50 shares during the last quarter. Conservest Capital Advisors Inc. raised its holdings in shares of Intel Corporation by 0.6% in the second quarter. Conservest Capital Advisors Inc. now owns 8,953 shares of the chip maker’s stock valued at $302,000 after purchasing an additional 51 shares during the last quarter. Finally, Hudock Capital Group LLC raised its holdings in shares of Intel Corporation by 0.4% in the first quarter. Hudock Capital Group LLC now owns 12,570 shares of the chip maker’s stock valued at $453,000 after purchasing an additional 53 shares during the last quarter. 67.03% of the stock is owned by institutional investors and hedge funds.
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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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