Traders Sell Shares of Intel Corp. (INTC) on Strength (INTC)
Investors sold shares of Intel Corp. (NASDAQ:INTC) on strength during trading on Tuesday. $72.29 million flowed into the stock on the tick-up and $101.68 million flowed out of the stock on the tick-down, for a money net flow of $29.39 million out of the stock. Of all companies tracked, Intel Corp. had the 18th highest net out-flow for the day. Intel Corp. traded up $0.10 for the day and closed at $35.15
INTC has been the topic of several analyst reports. Argus reiterated a “buy” rating on shares of Intel Corp. in a research note on Thursday, March 24th. Summit Research dropped their target price on shares of Intel Corp. to $38.00 and set a “buy” rating on the stock in a research note on Tuesday, March 22nd. Bank of America Corp. reissued a “buy” rating and set a $36.00 price objective on shares of Intel Corp. in a report on Monday, March 21st. Deutsche Bank AG reissued a “buy” rating on shares of Intel Corp. in a report on Saturday, April 2nd. Finally, Credit Suisse Group AG reissued a “buy” rating and set a $40.00 price objective on shares of Intel Corp. in a report on Friday, April 1st. Four equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and thirty-one have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $36.19.
The stock has a 50 day moving average of $32.68 and a 200 day moving average of $31.29. The firm has a market cap of $165.98 billion and a price-to-earnings ratio of 15.01.
Intel Corp. (NASDAQ:INTC) last released its quarterly earnings data on Tuesday, April 19th. The chip maker reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.06. The firm earned $13.80 billion during the quarter, compared to analysts’ expectations of $13.83 billion. During the same quarter in the previous year, the firm posted $0.41 EPS. Intel Corp.’s revenue was up 8.0% compared to the same quarter last year. Equities analysts expect that Intel Corp. will post $2.41 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Sunday, August 7th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date is Wednesday, August 3rd.
In other Intel Corp. news, VP William M. Holt sold 4,603 shares of the business’s stock in a transaction dated Tuesday, April 26th. The shares were sold at an average price of $31.35, for a total value of $144,304.05. Following the transaction, the vice president now owns 22,131 shares in the company, valued at $693,806.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Gregory R. Pearson sold 42,684 shares of the business’s stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $30.35, for a total transaction of $1,295,459.40. Following the completion of the transaction, the vice president now owns 81,909 shares in the company, valued at approximately $2,485,938.15. The disclosure for this sale can be found here.
Other institutional investors recently made changes to their positions in the company. Portland Global Advisors LLC boosted its position in shares of Intel Corp. by 3.3% in the fourth quarter. Portland Global Advisors LLC now owns 34,456 shares of the chip maker’s stock valued at $1,187,000 after buying an additional 1,100 shares in the last quarter. DIAM Co. Ltd. boosted its position in shares of Intel Corp. by 23.1% in the fourth quarter. DIAM Co. Ltd. now owns 654,589 shares of the chip maker’s stock valued at $23,039,000 after buying an additional 122,862 shares in the last quarter. Riverbridge Partners LLC boosted its position in shares of Intel Corp. by 7.3% in the fourth quarter. Riverbridge Partners LLC now owns 74,396 shares of the chip maker’s stock valued at $2,563,000 after buying an additional 5,086 shares in the last quarter. Retirement Systems of Alabama boosted its position in shares of Intel Corp. by 5.3% in the fourth quarter. Retirement Systems of Alabama now owns 3,302,253 shares of the chip maker’s stock valued at $113,763,000 after buying an additional 165,233 shares in the last quarter. Finally, Northwest Investment Counselors LLC boosted its position in shares of Intel Corp. by 6.0% in the fourth quarter. Northwest Investment Counselors LLC now owns 50,066 shares of the chip maker’s stock valued at $1,725,000 after buying an additional 2,825 shares in the last quarter.
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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