Traders Sell Shares of Intel Corp. (INTC) on Strength (INTC)
Traders sold shares of Intel Corp. (NASDAQ:INTC) on strength during trading on Friday. $52.65 million flowed into the stock on the tick-up and $73.97 million flowed out of the stock on the tick-down, for a money net flow of $21.32 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 $0.06 for the day and closed at $36.08
Several equities analysts recently issued reports on INTC shares. Cowen and Company reaffirmed a “market perform” rating and issued a $36.00 price objective (up from $32.00) on shares of Intel Corp. in a research report on Monday, July 11th. Vetr cut Intel Corp. from a “hold” rating to a “sell” rating and set a $31.46 price objective on the stock. in a research report on Monday, July 4th. Royal Bank Of Canada upped their price objective on Intel Corp. from $33.00 to $34.00 and gave the company a “sector perform” rating in a research report on Friday, July 8th. Canaccord Genuity boosted their target price on shares of Intel Corp. from $38.00 to $40.00 and gave the company a “buy” rating in a research note on Monday, July 18th. Finally, RBC Capital Markets reiterated a “hold” rating and set a $36.00 target price on shares of Intel Corp. in a research note on Wednesday. Three analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twenty-nine have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $37.32.
The company has a 50-day moving average price of $35.05 and a 200-day moving average price of $32.34. The stock has a market cap of $170.69 billion and a PE ratio of 17.50.
Intel Corp. (NASDAQ:INTC) last posted its quarterly earnings results on Wednesday, July 20th. The chip maker reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.06. The firm earned $13.50 billion during the quarter, compared to the consensus estimate of $13.54 billion. During the same quarter in the prior year, the business earned $0.55 EPS. Intel Corp.’s revenue was up 2.6% on a year-over-year basis. Analysts expect that Intel Corp. will post $2.50 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Sunday, August 7th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.88%. The ex-dividend date was Wednesday, August 3rd.
In other Intel Corp. news, CEO Brian M. Krzanich sold 71,413 shares of the firm’s stock in a transaction dated Friday, July 1st. The stock was sold at an average price of $32.73, for a total transaction of $2,337,347.49. Following the transaction, the chief executive officer now owns 435,796 shares in the company, valued at $14,263,603.08. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Venkata S. M. Renduchintala sold 13,997 shares of the firm’s stock in a transaction dated Thursday, July 28th. The stock was 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.
A number of institutional investors recently modified their holdings of INTC. Johnson Financial Group Inc. boosted its position 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 worth $3,691,000 after buying an additional 364 shares during the period. Community Financial Services Group LLC boosted its position in 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 period. QCI Asset Management Inc. NY boosted its position in Intel Corp. by 0.5% in the fourth quarter. QCI Asset Management Inc. NY now owns 398,366 shares of the chip maker’s stock valued at $13,724,000 after buying an additional 1,860 shares during the period. Alerus Investment Advisors Corp boosted its position in Intel Corp. by 11.8% in the fourth quarter. Alerus Investment Advisors Corp now owns 51,301 shares of the chip maker’s stock valued at $1,768,000 after buying an additional 5,407 shares during the period. Finally, Atlantic Trust Group LLC boosted its position in Intel Corp. by 1.0% in the fourth quarter. Atlantic Trust Group LLC now owns 568,478 shares of the chip maker’s stock valued at $19,584,000 after buying an additional 5,523 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.