Traders Sell Intel Corp. (INTC) on Strength (INTC)
Traders sold shares of Intel Corp. (NASDAQ:INTC) on strength during trading on Friday. $181.49 million flowed into the stock on the tick-up and $282.52 million flowed out of the stock on the tick-down, for a money net flow of $101.03 million out of the stock. Of all equities tracked, Intel Corp. had the 3rd highest net out-flow for the day. Intel Corp. traded up $0.39 for the day and closed at $34.66
Several research analysts have recently issued reports on INTC shares. Sterne Agee CRT restated a “buy” rating and issued a $38.00 price objective on shares of Intel Corp. in a research note on Tuesday, April 5th. Royal Bank Of Canada raised their price objective on Intel Corp. from $31.00 to $33.00 and gave the stock a “sector perform” rating in a research note on Friday, April 1st. Sanford C. Bernstein reiterated a “sell” rating on shares of Intel Corp. in a research report on Tuesday, April 5th. Jefferies Group lifted their price target on Intel Corp. from $39.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, April 20th. Finally, Vetr cut Intel Corp. from a “hold” rating to a “sell” rating and set a $31.46 price target for the company. in a research report on Monday, July 4th. Four equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and twenty-nine have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $36.66.
The stock has a 50 day moving average of $32.95 and a 200-day moving average of $31.35. The firm has a market cap of $163.91 billion and a price-to-earnings ratio of 16.81.
Intel Corp. (NASDAQ:INTC) last issued its quarterly earnings data on Wednesday, July 20th. The chip maker reported $0.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.06. The business had revenue of $13.50 billion for the quarter, compared to analyst estimates of $13.54 billion. During the same quarter in the prior year, the firm posted $0.55 earnings per share. The business’s quarterly revenue was up 2.6% on a year-over-year basis. On average, equities analysts expect that Intel Corp. will post $2.49 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Sunday, August 7th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, August 3rd. This represents a $1.04 annualized dividend and a yield of 3.00%.
In other Intel Corp. news, VP Gregory R. Pearson sold 42,684 shares of the company’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 transaction, the vice president now owns 81,909 shares of the company’s stock, valued at $2,485,938.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP William M. Holt sold 4,603 shares of the company’s stock in a transaction on Tuesday, April 26th. The shares were sold at an average price of $31.35, for a total value of $144,304.05. Following the completion of the transaction, the vice president now directly owns 22,131 shares in the company, valued at approximately $693,806.85. The disclosure for this sale can be found here.
Several hedge funds and institutional investors recently bought and sold shares of the stock. Cobblestone Capital Advisors LLC NY boosted its position in Intel Corp. by 11.0% in the fourth quarter. Cobblestone Capital Advisors LLC NY now owns 29,280 shares of the chip maker’s stock valued at $1,009,000 after buying an additional 2,913 shares in the last quarter. Bollard Group LLC boosted its position in Intel Corp. by 0.7% in the fourth quarter. Bollard Group LLC now owns 31,159 shares of the chip maker’s stock valued at $1,073,000 after buying an additional 215 shares in the last quarter. 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 in the last quarter. Atlanta Capital Group boosted its position in Intel Corp. by 87.0% in the fourth quarter. Atlanta Capital Group now owns 32,790 shares of the chip maker’s stock valued at $1,130,000 after buying an additional 15,252 shares in the last quarter. Finally, Buckingham Asset Management LLC boosted its position in Intel Corp. by 3.3% in the fourth quarter. Buckingham Asset Management LLC now owns 34,721 shares of the chip maker’s stock valued at $1,196,000 after buying an additional 1,114 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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