Intel Co. (NASDAQ:INTC) EVP Navin Shenoy sold 1,311 shares of the business’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $47.12, for a total transaction of $61,774.32. Following the transaction, the executive vice president now directly owns 20,427 shares in the company, valued at $962,520.24. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Navin Shenoy also recently made the following trade(s):

  • On Tuesday, January 30th, Navin Shenoy sold 716 shares of Intel stock. The shares were sold at an average price of $49.25, for a total transaction of $35,263.00.
  • On Friday, January 26th, Navin Shenoy sold 1,643 shares of Intel stock. The shares were sold at an average price of $49.28, for a total transaction of $80,967.04.
  • On Wednesday, January 24th, Navin Shenoy sold 2,155 shares of Intel stock. The shares were sold at an average price of $45.63, for a total transaction of $98,332.65.

Intel Co. (INTC) opened at $45.20 on Thursday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.29 and a current ratio of 1.69. The stock has a market cap of $211,540.00, a PE ratio of 22.83, a price-to-earnings-growth ratio of 1.52 and a beta of 1.07. Intel Co. has a one year low of $33.23 and a one year high of $50.85.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, January 25th. The chip maker reported $1.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.22. The business had revenue of $17.05 billion for the quarter, compared to analysts’ expectations of $16.34 billion. Intel had a net margin of 15.30% and a return on equity of 24.33%. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.79 EPS. equities research analysts forecast that Intel Co. will post 3.51 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Wednesday, February 7th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, February 6th. This represents a $1.20 annualized dividend and a yield of 2.65%. This is a boost from Intel’s previous quarterly dividend of $0.27. Intel’s dividend payout ratio is currently 60.61%.

A number of institutional investors and hedge funds have recently bought and sold shares of INTC. Papp L Roy & Associates increased its position in shares of Intel by 1.2% during the 2nd quarter. Papp L Roy & Associates now owns 68,065 shares of the chip maker’s stock valued at $2,297,000 after purchasing an additional 800 shares during the last quarter. Crescent Grove Advisors LLC purchased a new stake in shares of Intel during the 2nd quarter valued at about $555,000. United Bank increased its position in shares of Intel by 108.0% during the 2nd quarter. United Bank now owns 43,841 shares of the chip maker’s stock valued at $1,479,000 after purchasing an additional 22,765 shares during the last quarter. Chicago Partners Investment Group LLC increased its position in shares of Intel by 182.1% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 15,097 shares of the chip maker’s stock valued at $530,000 after purchasing an additional 9,746 shares during the last quarter. Finally, Murphy Pohlad Asset Management LLC increased its position in shares of Intel by 15.6% during the 2nd quarter. Murphy Pohlad Asset Management LLC now owns 120,889 shares of the chip maker’s stock valued at $4,078,000 after purchasing an additional 16,340 shares during the last quarter. Institutional investors and hedge funds own 67.43% of the company’s stock.

INTC has been the topic of a number of research reports. Canaccord Genuity boosted their target price on shares of Intel from $41.00 to $45.00 and gave the company a “hold” rating in a report on Friday, November 17th. JPMorgan Chase & Co. set a $53.00 target price on shares of Intel and gave the company a “buy” rating in a report on Thursday, January 4th. Oppenheimer restated a “hold” rating on shares of Intel in a report on Thursday, January 4th. Stifel Nicolaus boosted their target price on shares of Intel from $50.00 to $53.00 and gave the company a “buy” rating in a report on Friday, January 26th. Finally, Robert W. Baird set a $60.00 target price on shares of Intel and gave the company a “buy” rating in a report on Friday, January 26th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and thirty-one have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $49.10.

ILLEGAL ACTIVITY WARNING: This report was originally reported by Daily Political and is the property of of Daily Political. If you are viewing this report on another site, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this report can be viewed at https://www.dailypolitical.com/2018/02/08/insider-selling-intel-co-intc-evp-sells-1311-shares-of-stock.html.

Intel Company Profile

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).

Insider Buying and Selling by Quarter for Intel (NASDAQ:INTC)

Receive News & Ratings for Intel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel and related companies with MarketBeat.com's FREE daily email newsletter.