Brian M. Krzanich Sells 67,508 Shares of Intel Corp. (INTC) Stock
Intel Corp. (NASDAQ:INTC) CEO Brian M. Krzanich sold 67,508 shares of the company’s stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $37.71, for a total value of $2,545,726.68. Following the completion of the sale, the chief executive officer now owns 420,506 shares of the company’s stock, valued at $15,857,281.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Shares of Intel Corp. (NASDAQ:INTC) opened at 38.07 on Friday. The company has a 50 day moving average of $36.46 and a 200 day moving average of $33.43. Intel Corp. has a 12 month low of $27.68 and a 12 month high of $38.31. The stock has a market cap of $180.11 billion, a P/E ratio of 18.46 and a beta of 1.09.
Intel Corp. (NASDAQ:INTC) last announced 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. Intel Corp. had a net margin of 17.84% and a return on equity of 19.99%. The firm earned $13.50 billion during the quarter, compared to the consensus estimate of $13.54 billion. During the same period last year, the firm posted $0.55 EPS. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. Equities research analysts expect that Intel Corp. will post $2.58 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Monday, November 7th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.73%. The ex-dividend date is Thursday, November 3rd. Intel Corp.’s dividend payout ratio is currently 50.24%.
A number of research firms have recently issued reports on INTC. Royal Bank Of Canada restated a “hold” rating on shares of Intel Corp. in a research report on Saturday, July 9th. B. Riley reiterated a “buy” rating and issued a $42.00 price objective on shares of Intel Corp. in a research report on Thursday, July 21st. Pacific Crest reiterated a “buy” rating and issued a $44.00 price objective on shares of Intel Corp. in a research report on Thursday. Robert W. Baird increased their price objective on Intel Corp. from $38.00 to $40.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 6th. Finally, Citigroup Inc. reiterated a “neutral” rating and issued a $35.00 price objective (up from $31.00) on shares of Intel Corp. in a research report on Thursday, June 30th. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating, thirty-two have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $39.59.
A number of institutional investors have recently made changes to their positions in the stock. TNB Financial increased its position in shares of Intel Corp. by 37.5% in the first quarter. TNB Financial now owns 32,353 shares of the chip maker’s stock valued at $1,046,000 after buying an additional 8,832 shares in the last quarter. Koshinski Asset Management Inc. boosted its stake in Intel Corp. by 6.7% in the first quarter. Koshinski Asset Management Inc. now owns 20,338 shares of the chip maker’s stock valued at $656,000 after buying an additional 1,279 shares during the last quarter. Blue Fin Capital Inc. boosted its stake in Intel Corp. by 3.4% in the first quarter. Blue Fin Capital Inc. now owns 9,076 shares of the chip maker’s stock valued at $294,000 after buying an additional 300 shares during the last quarter. Burke & Herbert Bank & Trust Co. boosted its stake in Intel Corp. by 17.6% in the first quarter. Burke & Herbert Bank & Trust Co. now owns 33,387 shares of the chip maker’s stock valued at $1,081,000 after buying an additional 4,987 shares during the last quarter. Finally, Gierl Augustine Investment Management Inc boosted its stake in Intel Corp. by 8.4% in the first quarter. Gierl Augustine Investment Management Inc now owns 86,004 shares of the chip maker’s stock valued at $2,782,000 after buying an additional 6,685 shares during the last quarter. 64.77% of the stock is owned by hedge funds and other institutional investors.
About Intel Corp.
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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