Traders sold shares of Intel Corp. (NASDAQ:INTC) on strength during trading hours on Thursday. $66.31 million flowed into the stock on the tick-up and $100.79 million flowed out of the stock on the tick-down, for a money net flow of $34.48 million out of the stock. Of all equities tracked, Intel Corp. had the 8th highest net out-flow for the day. Intel Corp. traded up $0.33 for the day and closed at $34.58

INTC has been the topic of a number of recent analyst reports. Wells Fargo & Co. reissued a “buy” rating on shares of Intel Corp. in a research report on Wednesday, April 20th. B. Riley reaffirmed a “buy” rating and issued a $40.00 target price on shares of Intel Corp. in a research report on Thursday, April 14th. JPMorgan Chase & Co. upped their target price on Intel Corp. from $38.00 to $39.00 and gave the company an “overweight” rating in a research report on Wednesday, April 20th. Cowen and Company reaffirmed an “in-line” rating and issued a $33.00 target price on shares of Intel Corp. in a research report on Monday, April 18th. Finally, Mizuho reaffirmed a “buy” rating and issued a $36.00 target price on shares of Intel Corp. in a research report on Friday, April 22nd. Four analysts have rated the stock with a sell rating, eighteen have issued a hold rating and twenty-nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $36.76.

The stock’s 50-day moving average is $33.68 and its 200 day moving average is $31.52. The company has a market cap of $163.60 billion and a P/E ratio of 16.77.

Intel Corp. (NASDAQ:INTC) last posted its earnings results 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. The company had revenue of $13.50 billion for the quarter, compared to analysts’ expectations of $13.54 billion. The business’s revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.55 earnings per share. On average, equities analysts forecast that Intel Corp. will post $2.50 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Sunday, August 7th will be paid a dividend of $0.26 per share. The ex-dividend date is Wednesday, August 3rd. This represents a $1.04 annualized dividend and a yield of 3.01%.

In other Intel Corp. news, VP Gregory R. Pearson sold 5,662 shares of Intel Corp. stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of $34.87, for a total value of $197,433.94. Following the completion of the transaction, the vice president now directly owns 86,635 shares of the company’s stock, valued at approximately $3,020,962.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Brian M. Krzanich sold 71,413 shares of Intel Corp. stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $30.35, for a total transaction of $2,167,384.55. Following the completion of the transaction, the chief executive officer now directly owns 462,054 shares of the company’s stock, valued at $14,023,338.90. The disclosure for this sale can be found here.

Several institutional investors have modified their holdings of INTC. Tower Bridge Advisors boosted its position in shares of Intel Corp. by 3.3% in the fourth quarter. Tower Bridge Advisors now owns 79,862 shares of the chip maker’s stock worth $2,751,000 after buying an additional 2,575 shares during the last quarter. Parsec Financial Management Inc. boosted its position in shares of Intel Corp. by 0.5% in the fourth quarter. Parsec Financial Management Inc. now owns 629,263 shares of the chip maker’s stock worth $21,678,000 after buying an additional 3,112 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. boosted its position in shares of Intel Corp. by 1.2% in the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 131,100 shares of the chip maker’s stock worth $4,516,000 after buying an additional 1,500 shares during the last quarter. San Francisco Sentry Investment Group CA boosted its position in shares of Intel Corp. by 1.1% in the fourth quarter. San Francisco Sentry Investment Group CA now owns 39,805 shares of the chip maker’s stock worth $1,371,000 after buying an additional 437 shares during the last quarter. Finally, Carnegie Capital Asset Management LLC boosted its position in shares of Intel Corp. by 6.5% in the fourth quarter. Carnegie Capital Asset Management LLC now owns 39,954 shares of the chip maker’s stock worth $1,231,000 after buying an additional 2,423 shares during 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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