Traders Sell Shares of Intel Corp. (INTC) on Strength (INTC)
Investors 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 companies tracked, Intel Corp. had the 0th highest net out-flow for the day. Intel Corp. traded up $0.39 for the day and closed at $34.66
A number of equities research analysts recently issued reports on the stock. B. Riley restated a “buy” rating and issued a $40.00 target price on shares of Intel Corp. in a report on Monday, April 4th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Intel Corp. in a research report on Saturday, April 2nd. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Intel Corp. in a research report on Saturday, April 2nd. Vetr cut shares of Intel Corp. from a “strong-buy” rating to a “buy” rating and set a $35.51 price target on the stock. in a research report on Wednesday, April 27th. Finally, Robert W. Baird reaffirmed an “outperform” rating and set a $38.00 price target on shares of Intel Corp. in a research report on Friday. Four analysts have rated the stock with a sell rating, eighteen have issued a hold rating and thirty have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $36.66.
The company’s 50-day moving average is $32.95 and its 200 day moving average is $31.35. The company has a market cap of $163.91 billion and a P/E ratio of 16.81.
Intel Corp. (NASDAQ:INTC) last released its quarterly earnings data on Wednesday, July 20th. The chip maker reported $0.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.06. During the same quarter last 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 company’s revenue for the quarter was up 2.6% on a year-over-year basis. Analysts forecast that Intel Corp. will post $2.50 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Sunday, August 7th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 3.00%. The ex-dividend date is Wednesday, August 3rd.
In other news, VP William M. Holt sold 4,603 shares of Intel Corp. stock in a transaction dated Tuesday, April 26th. The stock was sold at an average price of $31.35, for a total transaction of $144,304.05. Following the transaction, the vice president now owns 22,131 shares in the company, valued at approximately $693,806.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Gregory R. Pearson sold 42,684 shares of Intel Corp. stock in a transaction dated Monday, May 23rd. The shares were 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 in the company, valued at approximately $2,485,938.15. The disclosure for this sale can be found here.
Other institutional investors have added to or reduced their stakes in the company. Agran Libbie boosted its position in Intel Corp. by 9,807.2% in the fourth quarter. Agran Libbie now owns 23,731,244 shares of the chip maker’s stock valued at $8,175,000 after buying an additional 23,491,708 shares during the period. Vanguard Group Inc. boosted its position in Intel Corp. by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 283,264,301 shares of the chip maker’s stock valued at $9,758,455,000 after buying an additional 6,429,434 shares during the period. BHF Kleinwort Benson Group S.A. acquired a new position in Intel Corp. during the fourth quarter valued at $48,855,000. 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. Finally, Wedge Capital Management L L P NC acquired a new position in Intel Corp. during the fourth quarter valued at $39,295,000.
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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