Investors sold shares of Intel Corp. (NASDAQ:INTC) on strength during trading hours on Friday. $59.87 million flowed into the stock on the tick-up and $107.87 million flowed out of the stock on the tick-down, for a money net flow of $48.00 million out of the stock. Of all stocks tracked, Intel Corp. had the 0th highest net out-flow for the day. Intel Corp. traded up $0.27 for the day and closed at $35.24

Several research analysts have recently commented on the stock. Sterne Agee CRT reissued a “buy” rating on shares of Intel Corp. in a research note on Tuesday, May 3rd. Nomura set a $35.00 price objective on shares of Intel Corp. and gave the company a “buy” rating in a research note on Thursday, April 28th. Vetr lowered shares of Intel Corp. from a “strong-buy” rating to a “buy” rating and set a $35.51 price objective for the company. in a research note on Wednesday, April 27th. Wells Fargo & Co. reissued a “buy” rating on shares of Intel Corp. in a research note on Wednesday, June 8th. Finally, B. Riley reissued a “buy” rating and issued a $38.00 price objective on shares of Intel Corp. in a research note on Monday, April 25th. Four investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twenty-nine have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $36.96.

The firm has a 50 day moving average of $34.62 and a 200 day moving average of $31.89. The company has a market cap of $166.72 billion and a PE ratio of 17.09.

Intel Corp. (NASDAQ:INTC) last issued its quarterly earnings data on Wednesday, July 20th. The chip maker reported $0.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.06. The company earned $13.50 billion during 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. During the same period in the previous year, the business posted $0.55 earnings per share. On average, equities research analysts anticipate that Intel Corp. will post $2.50 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Sunday, August 7th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date of this dividend is Wednesday, August 3rd.

In other Intel Corp. news, VP Gregory R. Pearson sold 5,662 shares of the firm’s stock in a transaction that occurred on Tuesday, July 26th. The stock was sold at an average price of $34.87, for a total value of $197,433.94. Following the sale, the vice president now owns 86,635 shares of the company’s stock, valued at approximately $3,020,962.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Venkata S. M. Renduchintala sold 13,997 shares of the firm’s stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $34.71, for a total value of $485,835.87. The disclosure for this sale can be found here.

Several hedge funds have recently made changes to their positions in the company. Bollard Group LLC raised its stake in shares of 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 during the last quarter. Holderness Investments Co. raised its stake in shares of Intel Corp. by 0.3% in the fourth quarter. Holderness Investments Co. now owns 77,832 shares of the chip maker’s stock valued at $2,681,000 after buying an additional 237 shares during the last quarter. Johnson Financial Group Inc. raised its stake in shares of Intel Corp. by 0.3% in the fourth quarter. Johnson Financial Group Inc. now owns 107,153 shares of the chip maker’s stock valued at $3,691,000 after buying an additional 364 shares during the last quarter. Community Financial Services Group LLC raised its stake in shares of Intel Corp. by 0.9% in the fourth quarter. Community Financial Services Group LLC now owns 64,152 shares of the chip maker’s stock valued at $2,210,000 after buying an additional 566 shares during the last quarter. Finally, West Coast Financial LLC raised its stake in shares of Intel Corp. by 0.3% in the fourth quarter. West Coast Financial LLC now owns 168,250 shares of the chip maker’s stock valued at $5,796,000 after buying an additional 571 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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