Investors Buy Shares of Intel Corporation (INTC) on Weakness

Traders purchased shares of Intel Corporation (NASDAQ:INTC) on weakness during trading hours on Tuesday. $198.05 million flowed into the stock on the tick-up and $137.99 million flowed out of the stock on the tick-down, for a money net flow of $60.06 million into the stock. Of all stocks tracked, Intel Corporation had the 6th highest net in-flow for the day. Intel Corporation traded down ($0.21) for the day and closed at $39.65

Several analysts have recently weighed in on the stock. Jefferies Group LLC reaffirmed an “underperform” rating and set a $30.00 price target (up previously from $29.00) on shares of Intel Corporation in a research note on Friday, July 28th. They noted that the move was a valuation call. Sanford C. Bernstein set a $30.00 price target on shares of Intel Corporation and gave the company a “sell” rating in a research note on Tuesday, August 15th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $40.00 price target (up previously from $37.00) on shares of Intel Corporation in a research note on Friday, October 6th. Hilliard Lyons assumed coverage on shares of Intel Corporation in a research note on Wednesday, July 12th. They set a “buy” rating and a $41.00 price target for the company. Finally, Northland Securities set a $40.00 price target on shares of Intel Corporation and gave the company a “hold” rating in a research note on Friday, July 28th. Five investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company. Intel Corporation has a consensus rating of “Hold” and an average price target of $40.75.

The stock has a market capitalization of $184.67 billion, a price-to-earnings ratio of 15.00 and a beta of 1.07. The firm’s 50 day moving average is $36.89 and its 200-day moving average is $35.88.

Intel Corporation (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, July 27th. The chip maker reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.04. The business had revenue of $14.76 billion during the quarter, compared to the consensus estimate of $14.39 billion. Intel Corporation had a net margin of 20.60% and a return on equity of 21.86%. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.59 earnings per share. Equities analysts forecast that Intel Corporation will post $3.01 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Tuesday, November 7th will be issued a dividend of $0.2725 per share. The ex-dividend date of this dividend is Monday, November 6th. This represents a $1.09 dividend on an annualized basis and a dividend yield of 2.77%. Intel Corporation’s dividend payout ratio (DPR) is presently 41.76%.

In other news, CEO Brian M. Krzanich sold 61,860 shares of Intel Corporation stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $38.74, for a total transaction of $2,396,456.40. Following the completion of the sale, the chief executive officer now directly owns 543,948 shares in the company, valued at $21,072,545.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Venkata S. M. Renduchintala sold 1,424 shares of Intel Corporation stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $36.40, for a total transaction of $51,833.60. Following the sale, the insider now owns 1,536 shares of the company’s stock, valued at $55,910.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 81,608 shares of company stock valued at $3,095,110. Insiders own 0.08% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in INTC. Janus Henderson Group PLC grew its holdings in Intel Corporation by 4,951.1% in the second quarter. Janus Henderson Group PLC now owns 20,455,051 shares of the chip maker’s stock valued at $690,156,000 after purchasing an additional 20,050,088 shares during the period. Capital Research Global Investors grew its holdings in Intel Corporation by 9.1% in the second quarter. Capital Research Global Investors now owns 128,581,621 shares of the chip maker’s stock valued at $4,338,344,000 after purchasing an additional 10,744,753 shares during the period. Capital World Investors grew its holdings in Intel Corporation by 5.5% in the second quarter. Capital World Investors now owns 197,750,361 shares of the chip maker’s stock valued at $6,672,097,000 after purchasing an additional 10,257,260 shares during the period. Vanguard Group Inc. grew its holdings in Intel Corporation by 2.5% in the second quarter. Vanguard Group Inc. now owns 333,500,073 shares of the chip maker’s stock valued at $11,252,292,000 after purchasing an additional 8,087,302 shares during the period. Finally, Glenview Capital Management LLC purchased a n

Several analysts have recently weighed in on the stock. Jefferies Group LLC reaffirmed an “underperform” rating and set a $30.00 price target (up previously from $29.00) on shares of Intel Corporation in a research note on Friday, July 28th. They noted that the move was a valuation call. Sanford C. Bernstein set a $30.00 price target on shares of Intel Corporation and gave the company a “sell” rating in a research note on Tuesday, August 15th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $40.00 price target (up previously from $37.00) on shares of Intel Corporation in a research note on Friday, October 6th. Hilliard Lyons assumed coverage on shares of Intel Corporation in a research note on Wednesday, July 12th. They set a “buy” rating and a $41.00 price target for the company. Finally, Northland Securities set a $40.00 price target on shares of Intel Corporation and gave the company a “hold” rating in a research note on Friday, July 28th. Five investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company. Intel Corporation has a consensus rating of “Hold” and an average price target of $40.75.

The stock has a market capitalization of $184.67 billion, a price-to-earnings ratio of 15.00 and a beta of 1.07. The firm’s 50 day moving average is $36.89 and its 200-day moving average is $35.88.

Intel Corporation (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, July 27th. The chip maker reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.04. The business had revenue of $14.76 billion during the quarter, compared to the consensus estimate of $14.39 billion. Intel Corporation had a net margin of 20.60% and a return on equity of 21.86%. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.59 earnings per share. Equities analysts forecast that Intel Corporation will post $3.01 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Tuesday, November 7th will be issued a dividend of $0.2725 per share. The ex-dividend date of this dividend is Monday, November 6th. This represents a $1.09 dividend on an annualized basis and a dividend yield of 2.77%. Intel Corporation’s dividend payout ratio (DPR) is presently 41.76%.

In other news, CEO Brian M. Krzanich sold 61,860 shares of Intel Corporation stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $38.74, for a total transaction of $2,396,456.40. Following the completion of the sale, the chief executive officer now directly owns 543,948 shares in the company, valued at $21,072,545.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Venkata S. M. Renduchintala sold 1,424 shares of Intel Corporation stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $36.40, for a total transaction of $51,833.60. Following the sale, the insider now owns 1,536 shares of the company’s stock, valued at $55,910.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 81,608 shares of company stock valued at $3,095,110. Insiders own 0.08% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in INTC. Janus Henderson Group PLC grew its holdings in Intel Corporation by 4,951.1% in the second quarter. Janus Henderson Group PLC now owns 20,455,051 shares of the chip maker’s stock valued at $690,156,000 after purchasing an additional 20,050,088 shares during the period. Capital Research Global Investors grew its holdings in Intel Corporation by 9.1% in the second quarter. Capital Research Global Investors now owns 128,581,621 shares of the chip maker’s stock valued at $4,338,344,000 after purchasing an additional 10,744,753 shares during the period. Capital World Investors grew its holdings in Intel Corporation by 5.5% in the second quarter. Capital World Investors now owns 197,750,361 shares of the chip maker’s stock valued at $6,672,097,000 after purchasing an additional 10,257,260 shares during the period. Vanguard Group Inc. grew its holdings in Intel Corporation by 2.5% in the second quarter. Vanguard Group Inc. now owns 333,500,073 shares of the chip maker’s stock valued at $11,252,292,000 after purchasing an additional 8,087,302 shares during the period. Finally, Glenview Capital Management LLC purchased a new stake in Intel Corporation in the first quarter valued at approximately $177,881,000. Hedge funds and other institutional investors own 67.02% of the company’s stock.

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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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