Traders sold shares of Intel Corp. (NASDAQ:INTC) on strength during trading on Wednesday after an insider sold shares in the company. $101.27 million flowed into the stock on the tick-up and $163.68 million flowed out of the stock on the tick-down, for a money net flow of $62.41 million out of the stock. Of all equities tracked, Intel Corp. had the 0th highest net out-flow for the day. Intel Corp. traded up $0.45 for the day and closed at $37.99Specifically, CEO Brian M. Krzanich sold 67,508 shares of Intel Corp. stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $37.71, for a total value of $2,545,726.68. Following the transaction, the chief executive officer now owns 420,506 shares of the company’s stock, valued at approximately $15,857,281.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Andy D. Bryant sold 445,095 shares of Intel Corp. stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $34.69, for a total transaction of $15,440,345.55. Following the completion of the transaction, the chairman now directly owns 399,557 shares in the company, valued at approximately $13,860,632.33. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by insiders.
INTC has been the topic of several recent research reports. Zacks Investment Research raised shares of Intel Corp. from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a research note on Monday, September 26th. Vetr downgraded shares of Intel Corp. from a “hold” rating to a “sell” rating and set a $34.32 target price on the stock. in a research report on Monday, August 29th. Wells Fargo & Co. reissued a “buy” rating on shares of Intel Corp. in a research report on Sunday, September 4th. BlueFin Research reissued a “buy” rating on shares of Intel Corp. in a research report on Monday. Finally, Morgan Stanley reissued an “underweight” rating and issued a $31.00 target price on shares of Intel Corp. in a research report on Wednesday, September 14th. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the company. Intel Corp. currently has an average rating of “Buy” and an average price target of $39.59.
The company has a market cap of $180.11 billion, a P/E ratio of 18.46 and a beta of 1.09. The company has a 50-day moving average price of $36.46 and a 200-day moving average price of $33.43.
Intel Corp. (NASDAQ:INTC) last released its earnings results on Wednesday, July 20th. The chip maker reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.06. The company earned $13.50 billion during the quarter, compared to analysts’ expectations of $13.54 billion. Intel Corp. had a return on equity of 19.99% and a net margin of 17.84%. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.55 EPS. On average, equities research analysts predict that Intel Corp. will post $2.58 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Monday, November 7th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date is Thursday, November 3rd. Intel Corp.’s payout ratio is 50.24%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Emerald Acquisition Ltd. bought a new position in shares of Intel Corp. during the second quarter worth about $295,226,000. Dimensional Fund Advisors LP boosted its position in shares of Intel Corp. by 23.4% in the second quarter. Dimensional Fund Advisors LP now owns 45,685,548 shares of the chip maker’s stock worth $1,498,217,000 after buying an additional 8,662,708 shares during the last quarter. Capital World Investors boosted its position in shares of Intel Corp. by 5.1% in the second quarter. Capital World Investors now owns 167,047,690 shares of the chip maker’s stock worth $5,479,164,000 after buying an additional 8,095,076 shares during the last quarter. Institutional Capital LLC boosted its position in shares of Intel Corp. by 360.2% in the first quarter. Institutional Capital LLC now owns 10,182,033 shares of the chip maker’s stock worth $329,388,000 after buying an additional 7,969,512 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Intel Corp. by 1.9% in the second quarter. Vanguard Group Inc. now owns 299,534,545 shares of the chip maker’s stock worth $9,824,733,000 after buying an additional 5,697,051 shares during the last quarter. Institutional investors and hedge funds own 64.77% of the company’s stock.
About Intel Corp.
Intel Corporation is engaged in the design and manufacture of digital technology platforms. The Company’s segments include Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Software and Services (SSG) and All Other. CCG segment includes platforms designed for notebooks (including Ultrabook devices), 2 in 1 systems, desktops (including all-in-ones and personal computers (PCs)), tablets, phones, wireless and wired connectivity products, and mobile communication components.
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