Investors Sell Intel Corporation (INTC) on Strength (INTC)
Traders sold shares of Intel Corporation (NASDAQ:INTC) on strength during trading on Monday. $59.33 million flowed into the stock on the tick-up and $113.25 million flowed out of the stock on the tick-down, for a money net flow of $53.92 million out of the stock. Of all stocks tracked, Intel Corporation had the 0th highest net out-flow for the day. Intel Corporation traded up $0.02 for the day and closed at $35.09
INTC has been the topic of a number of research reports. Sanford C. Bernstein reaffirmed an “underperform” rating and issued a $30.00 price target on shares of Intel Corporation in a research note on Wednesday, May 10th. Vetr raised shares of Intel Corporation from a “hold” rating to a “buy” rating and set a $37.01 price target on the stock in a research note on Monday, May 15th. Macquarie reaffirmed an “outperform” rating and issued a $40.00 price target on shares of Intel Corporation in a research note on Monday, May 15th. Zacks Investment Research raised shares of Intel Corporation from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research note on Tuesday, May 16th. Finally, Canaccord Genuity reissued a “hold” rating on shares of Intel Corporation in a research note on Saturday, June 3rd. Six research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the stock. Intel Corporation presently has an average rating of “Hold” and a consensus price target of $40.55.
The firm has a 50-day moving average of $35.34 and a 200 day moving average of $35.52. The company has a market cap of $164.56 billion, a P/E ratio of 13.37 and a beta of 1.02.
Intel Corporation (NASDAQ:INTC) last released its earnings results on Thursday, July 27th. The chip maker reported $0.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.04. The firm had revenue of $14.76 billion for the quarter, compared to analysts’ expectations of $14.39 billion. Intel Corporation had a net margin of 20.60% and a return on equity of 21.86%. Intel Corporation’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the company earned $0.59 EPS. Equities research analysts anticipate that Intel Corporation will post $3.01 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Monday, August 7th were paid a dividend of $0.2725 per share. The ex-dividend date was Thursday, August 3rd. This represents a $1.09 annualized dividend and a yield of 3.11%. Intel Corporation’s payout ratio is 41.76%.
In other news, insider Venkata S. M. Renduchintala sold 1,424 shares of Intel Corporation stock in a transaction that occurred 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 of the company’s stock, valued at approximately $55,910.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brian M. Krzanich sold 72,173 shares of Intel Corporation stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $33.69, for a total transaction of $2,431,508.37. Following the completion of the transaction, the chief executive officer now directly owns 534,746 shares in the company, valued at approximately $18,015,592.74. The disclosure for this sale can be found here. In the last three months, insiders have sold 91,921 shares of company stock worth $3,130,162. 0.08% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Intel Corporation by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 333,500,073 shares of the chip maker’s stock worth $11,252,292,000 after purchasing an additional 8,087,302 shares during the last quarter. Capital World Investors grew its stake in shares of Intel Corporation by 5.5% in the 2nd quarter. Capital World Investors now owns 197,750,361 shares of the chip maker’s stock worth $6,672,097,000 after purchasing an additional 10,257,260 shares during the last quarter. Capital Research Global Investors grew its stake in shares of Intel Corporation by 9.1% in the 2nd quarter. Capital Research Global Investors now owns 128,581,621 shares of the chip maker’s stock worth $4,338,344,000 after purchasing an additional 10,744,753 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Intel Corporation by 0.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 50,601,299 shares of the chip maker’s stock worth $1,707,253,000 after purchasing an additional 177,919 shares during the last quarter. Finally, Legal & General Group Plc grew its stake in shares of Intel Corporation by 1.6% in the 2nd quarter. Legal & General Group Plc now owns 25,508,803 shares of the chip maker’s stock worth $860,658,000 after purchasing an additional 412,747 shares during the last quarter. 67.09% of the stock is currently owned by institutional investors.
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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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