Intel Corporation (INTC) Insider Sells $51,833.60 in Stock
Intel Corporation (NASDAQ:INTC) insider Venkata S. M. Renduchintala sold 1,424 shares of Intel Corporation stock in a transaction on Monday, August 7th. The shares were sold at an average price of $36.40, for a total value of $51,833.60. Following the transaction, the insider now owns 1,536 shares in the company, valued at $55,910.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Shares of Intel Corporation (INTC) traded up 0.49% during mid-day trading on Wednesday, hitting $36.59. 22,796,797 shares of the stock were exchanged. The company has a 50-day moving average price of $34.64 and a 200-day moving average price of $35.74. Intel Corporation has a 12 month low of $33.23 and a 12 month high of $38.45. The stock has a market cap of $171.94 billion, a price-to-earnings ratio of 13.97 and a beta of 1.01.
Intel Corporation (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, July 27th. The chip maker reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.04. The firm had revenue of $14.76 billion during the quarter, compared to the consensus estimate of $14.39 billion. Intel Corporation had a return on equity of 21.86% and a net margin of 20.60%. The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period last year, the company earned $0.59 EPS. Equities analysts expect that Intel Corporation will post $3.01 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, August 7th will be given a $0.2725 dividend. This represents a $1.09 annualized dividend and a yield of 2.98%. The ex-dividend date of this dividend is Thursday, August 3rd. Intel Corporation’s dividend payout ratio is currently 41.76%.
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A number of equities analysts recently issued reports on INTC shares. Goldman Sachs Group, Inc. (The) restated a “hold” rating on shares of Intel Corporation in a report on Wednesday. Vetr cut Intel Corporation from a “strong-buy” rating to a “buy” rating and set a $40.26 target price on the stock. in a report on Tuesday. B. Riley restated a “buy” rating and issued a $46.00 target price on shares of Intel Corporation in a report on Wednesday, August 2nd. BidaskClub upgraded Intel Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, UBS AG restated a “buy” rating and issued a $40.00 target price (down from $41.00) on shares of Intel Corporation in a report on Monday, July 31st. Five investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and twenty-six have given a buy rating to the company. Intel Corporation has a consensus rating of “Hold” and a consensus target price of $40.55.
Several institutional investors have recently made changes to their positions in INTC. Watermark Asset Management Inc. bought a new position in shares of Intel Corporation during the first quarter valued at about $113,000. Orrstown Financial Services Inc. boosted its position in shares of Intel Corporation by 96.6% in the first quarter. Orrstown Financial Services Inc. now owns 3,725 shares of the chip maker’s stock valued at $134,000 after buying an additional 1,830 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position in shares of Intel Corporation by 53.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,040 shares of the chip maker’s stock valued at $146,000 after buying an additional 1,400 shares during the last quarter. Winfield Associates Inc. boosted its position in shares of Intel Corporation by 6.0% in the second quarter. Winfield Associates Inc. now owns 4,651 shares of the chip maker’s stock valued at $156,000 after buying an additional 265 shares during the last quarter. Finally, Vigilant Capital Management LLC boosted its position in shares of Intel Corporation by 22.6% in the first quarter. Vigilant Capital Management LLC now owns 4,373 shares of the chip maker’s stock valued at $158,000 after buying an additional 805 shares during the last quarter. Institutional investors and hedge funds own 67.50% of the company’s stock.
About Intel Corporation
Intel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud. The Company’s segments are Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG).
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