Traders Sell Intel Corp. (INTC) on Strength (INTC)
Traders 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 equities 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 issued reports on the company. Vetr lowered Intel Corp. from a “strong-buy” rating to a “buy” rating and set a $35.51 target price for the company. in a research report on Wednesday, April 27th. B. Riley reissued a “buy” rating and issued a $38.00 target price on shares of Intel Corp. in a research report on Monday, April 25th. Royal Bank Of Canada reissued a “hold” rating on shares of Intel Corp. in a research report on Saturday, July 9th. Oppenheimer Holdings Inc. reissued a “market perform” rating on shares of Intel Corp. in a research report on Friday. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $40.00 target price on shares of Intel Corp. in a research report on Friday. Four analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twenty-nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $36.96.
The stock has a 50-day moving average of $34.62 and a 200-day moving average of $31.89. The stock has a market cap of $166.72 billion and a price-to-earnings ratio of 17.09.
Intel Corp. (NASDAQ:INTC) last posted its quarterly 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 last year, the company earned $0.55 EPS. The firm earned $13.50 billion during the quarter, compared to analysts’ expectations of $13.54 billion. The business’s quarterly revenue was up 2.6% on a year-over-year basis. On average, equities research analysts anticipate that Intel Corp. will post $2.50 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Sunday, August 7th will be given a dividend of $0.26 per share. The ex-dividend date is Wednesday, August 3rd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.95%.
In other Intel Corp. news, Chairman Andy D. Bryant sold 445,095 shares of the stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $34.69, for a total transaction of $15,440,345.55. Following the sale, the chairman now directly owns 399,557 shares in the company, valued at approximately $13,860,632.33. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Gregory R. Pearson sold 42,684 shares of the stock in a transaction that occurred on Monday, May 23rd. The stock was sold at an average price of $30.35, for a total transaction of $1,295,459.40. Following the sale, the vice president now owns 81,909 shares in the company, valued at $2,485,938.15. The disclosure for this sale can be found here.
Other large investors have added to or reduced their stakes in the company. Thomas Story & Son LLC raised its stake in Intel Corp. by 1.8% in the fourth quarter. Thomas Story & Son LLC now owns 290,745 shares of the chip maker’s stock worth $10,016,000 after buying an additional 5,176 shares during the period. Stevens Capital Management LP acquired a new stake in Intel Corp. during the fourth quarter worth about $3,977,000. ProShare Advisors LLC raised its stake in Intel Corp. by 0.3% in the fourth quarter. ProShare Advisors LLC now owns 2,671,825 shares of the chip maker’s stock worth $92,044,000 after buying an additional 7,527 shares during the period. Profund Advisors LLC raised its stake in Intel Corp. by 34.6% in the fourth quarter. Profund Advisors LLC now owns 592,678 shares of the chip maker’s stock worth $20,418,000 after buying an additional 152,218 shares during the period. Finally, ProVise Management Group LLC raised its stake in Intel Corp. by 7.3% in the fourth quarter. ProVise Management Group LLC now owns 69,906 shares of the chip maker’s stock worth $2,409,000 after buying an additional 4,783 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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