Traders Sell Intel (INTC) on Strength (INTC)
Traders sold shares of Intel Co. (NASDAQ:INTC) on strength during trading on Thursday. $128.10 million flowed into the stock on the tick-up and $270.79 million flowed out of the stock on the tick-down, for a money net flow of $142.69 million out of the stock. Of all companies tracked, Intel had the 0th highest net out-flow for the day. Intel traded up $0.09 for the day and closed at $44.48
INTC has been the topic of several recent research reports. Sanford C. Bernstein set a $34.00 target price on Intel and gave the company a “sell” rating in a research report on Wednesday, January 10th. BidaskClub raised Intel from a “hold” rating to a “buy” rating in a research report on Saturday. Vetr cut Intel from a “strong-buy” rating to a “buy” rating and set a $49.51 target price on the stock. in a research report on Wednesday. Wells Fargo & Co reaffirmed an “outperform” rating and set a $50.00 target price (up previously from $45.00) on shares of Intel in a research report on Friday, October 27th. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $43.00 target price (up previously from $39.00) on shares of Intel in a research report on Friday, October 27th. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating and twenty-nine have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $44.77.
The company has a debt-to-equity ratio of 0.39, a current ratio of 1.60 and a quick ratio of 1.27. The firm has a market cap of $211,360.00, a price-to-earnings ratio of 15.73, a PEG ratio of 1.61 and a beta of 1.06.
Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, October 26th. The chip maker reported $1.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.21. Intel had a return on equity of 22.65% and a net margin of 22.31%. The company had revenue of $16.15 billion for the quarter, compared to analysts’ expectations of $15.73 billion. During the same period in the previous year, the firm posted $0.80 EPS. Intel’s revenue was up 2.4% compared to the same quarter last year. research analysts forecast that Intel Co. will post 3.25 earnings per share for the current fiscal year.
In other news, EVP Diane M. Bryant sold 1,639 shares of the business’s stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $40.91, for a total transaction of $67,051.49. Following the transaction, the executive vice president now directly owns 113,086 shares in the company, valued at approximately $4,626,348.26. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Brian M. Krzanich sold 889,878 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $44.19, for a total value of $39,323,708.82. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,487,054 shares of company stock worth $65,800,132. 0.08% of the stock is currently owned by insiders.
Several institutional investors have recently modified their holdings of INTC. Jackson Grant Investment Advisers Inc. raised its position in shares of Intel by 0.4% during the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 7,785 shares of the chip maker’s stock valued at $263,000 after buying an additional 29 shares during the period. Paradigm Financial Advisors LLC raised its position in shares of Intel by 0.3% during the 2nd quarter. Paradigm Financial Advisors LLC now owns 26,264 shares of the chip maker’s stock valued at $886,000 after buying an additional 67 shares during the period. Bank of Stockton raised its position in shares of Intel by 0.4% during the 2nd quarter. Bank of Stockton now owns 16,321 shares of the chip maker’s stock valued at $550,000 after buying an additional 72 shares during the period. Marathon Capital Management raised its position in shares of Intel by 0.7% during the 2nd quarter. Marathon Capital Management now owns 10,986 shares of the chip maker’s stock valued at $371,000 after buying an additional 80 shares during the period. Finally, Sonata Capital Group Inc. raised its position in shares of Intel by 0.9% during the 2nd quarter. Sonata Capital Group Inc. now owns 11,846 shares of the chip maker’s stock valued at $400,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 67.56% of the company’s stock.
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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