Investors sold shares of Intel Corp. (NASDAQ:INTC) on strength during trading on Thursday. $98.65 million flowed into the stock on the tick-up and $166.70 million flowed out of the stock on the tick-down, for a money net flow of $68.05 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 $0.19 for the day and closed at $35.20

INTC has been the subject of several recent analyst reports. Wells Fargo & Co. reaffirmed a “buy” rating on shares of Intel Corp. in a research note on Wednesday, April 20th. B. Riley reaffirmed a “buy” rating and set a $40.00 price objective on shares of Intel Corp. in a research note on Thursday, April 14th. Summit Research dropped their target price on shares of Intel Corp. to $38.00 and set a “buy” rating for the company in a research report on Tuesday, March 22nd. JPMorgan Chase & Co. lifted their target price on shares of Intel Corp. from $38.00 to $39.00 and gave the company an “overweight” rating in a research report on Wednesday, April 20th. Finally, Credit Suisse Group AG reiterated a “buy” rating and set a $40.00 target price on shares of Intel Corp. in a research report on Friday, April 1st. Four investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and thirty-one have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $36.04.

The firm has a 50-day moving average price of $32.40 and a 200-day moving average price of $31.32. The firm has a market capitalization of $166.21 billion and a price-to-earnings ratio of 15.04.

Intel Corp. (NASDAQ:INTC) last issued its earnings results on Tuesday, April 19th. The chip maker reported $0.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.06. During the same period in the previous year, the company earned $0.41 EPS. The company earned $13.80 billion during the quarter, compared to analysts’ expectations of $13.83 billion. Intel Corp.’s quarterly revenue was up 8.0% on a year-over-year basis. On average, equities analysts predict that Intel Corp. will post $2.41 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Sunday, August 7th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 2.95%. The ex-dividend date is Wednesday, August 3rd.

In other news, VP William M. Holt sold 4,603 shares of the company’s stock in a transaction dated Tuesday, April 26th. The stock was sold at an average price of $31.35, for a total value of $144,304.05. Following the completion of the sale, the vice president now owns 22,131 shares of the company’s stock, valued at $693,806.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Andy D. Bryant sold 185,740 shares of the business’s stock in a transaction dated Thursday, April 21st. The stock was sold at an average price of $31.98, for a total value of $5,939,965.20. Following the completion of the transaction, the chairman now owns 386,731 shares in the company, valued at approximately $12,367,657.38. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have added to or reduced their stakes in the company. Buckingham Capital Management Inc. boosted its position in Intel Corp. by 2.6% in the third quarter. Buckingham Capital Management Inc. now owns 137,618 shares of the chip maker’s stock valued at $4,148,000 after buying an additional 3,531 shares during the period. Dimensional Fund Advisors LP boosted its position in Intel Corp. by 3.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 33,438,685 shares of the chip maker’s stock valued at $1,152,136,000 after buying an additional 1,157,603 shares during the period. BNP Paribas Arbitrage SA boosted its position in Intel Corp. by 83.5% in the fourth quarter. BNP Paribas Arbitrage SA now owns 2,161,750 shares of the chip maker’s stock valued at $74,472,000 after buying an additional 983,566 shares during the period. Birch Hill Investment Advisors LLC boosted its position in Intel Corp. by 1.9% in the fourth quarter. Birch Hill Investment Advisors LLC now owns 31,973 shares of the chip maker’s stock valued at $1,101,000 after buying an additional 600 shares during the period. Finally, Dorsey & Whitney Trust CO LLC boosted its position in Intel Corp. by 1.9% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 110,348 shares of the chip maker’s stock valued at $3,800,000 after buying an additional 2,070 shares during the period.

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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