Traders Sell Intel Corp. (INTC) on Strength (INTC)
Investors sold shares of Intel Corp. (NASDAQ:INTC) on strength during trading on Wednesday. $186.71 million flowed into the stock on the tick-up and $243.64 million flowed out of the stock on the tick-down, for a money net flow of $56.93 million out of the stock. Of all companies tracked, Intel Corp. had the 0th highest net out-flow for the day. Intel Corp. traded up $0.54 for the day and closed at $35.69
A number of research firms have recently weighed in on INTC. Argus restated a “buy” rating on shares of Intel Corp. in a report on Thursday, March 24th. Royal Bank Of Canada increased their price objective on shares of Intel Corp. from $31.00 to $33.00 and gave the company a “sector perform” rating in a research report on Friday, April 1st. Bank of America Corp. reaffirmed a “buy” rating and issued a $36.00 price objective on shares of Intel Corp. in a research report on Friday, April 1st. Credit Suisse Group AG reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Intel Corp. in a research report on Friday, April 1st. Finally, Deutsche Bank AG reaffirmed a “buy” rating on shares of Intel Corp. in a research report on Saturday, April 2nd. 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 stock. The stock currently has a consensus rating of “Buy” and an average price target of $36.32.
The stock has a 50-day moving average of $32.80 and a 200-day moving average of $31.33. The firm has a market capitalization of $168.53 billion and a PE ratio of 15.25.
Intel Corp. (NASDAQ:INTC) last announced its earnings results on Wednesday, July 20th. The chip maker reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.06. During the same period in the previous year, the firm earned $0.55 EPS. The business had revenue of $13.50 billion for the quarter, compared to the consensus estimate of $13.54 billion. The firm’s revenue was up 2.6% on a year-over-year basis. On average, equities analysts expect that Intel Corp. will post $2.40 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Sunday, August 7th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date of this dividend is Wednesday, August 3rd.
In other news, VP Gregory R. Pearson sold 42,684 shares of the business’s stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $30.35, for a total value of $1,295,459.40. Following the sale, the vice president now owns 81,909 shares of the company’s stock, valued at approximately $2,485,938.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Brian M. Krzanich sold 71,413 shares of the business’s stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $30.35, for a total value of $2,167,384.55. Following the completion of the sale, the chief executive officer now directly owns 462,054 shares in the company, valued at approximately $14,023,338.90. The disclosure for this sale can be found here.
Several large investors recently made changes to their positions in INTC. KBC Group NV raised its stake in shares of Intel Corp. by 7.9% in the fourth quarter. KBC Group NV now owns 1,204,740 shares of the chip maker’s stock worth $41,503,000 after buying an additional 88,509 shares during the period. Buckingham Capital Management Inc. raised its stake in shares of Intel Corp. by 2.6% in the third quarter. Buckingham Capital Management Inc. now owns 137,618 shares of the chip maker’s stock worth $4,148,000 after buying an additional 3,531 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of 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 worth $1,152,136,000 after buying an additional 1,157,603 shares during the period. BNP Paribas Arbitrage SA raised its stake in shares of 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 worth $74,472,000 after buying an additional 983,566 shares during the period. Finally, Birch Hill Investment Advisors LLC raised its stake in shares of 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 worth $1,101,000 after buying an additional 600 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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