Traders Sell Intel (INTC) on Strength (INTC)

Traders sold shares of Intel Co. (NASDAQ:INTC) on strength during trading hours 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

Several research firms have weighed in on INTC. BidaskClub raised Intel from a “hold” rating to a “buy” rating in a report on Saturday. Vetr raised Intel from a “buy” rating to a “strong-buy” rating and set a $49.90 price target on the stock in a report on Wednesday, January 10th. Argus reissued a “buy” rating and set a $50.00 price objective on shares of Intel in a report on Friday, January 5th. JPMorgan Chase & Co. set a $53.00 price objective on Intel and gave the company a “buy” rating in a report on Thursday, January 4th. Finally, Mizuho reissued a “buy” rating and set a $45.00 price objective (up from $42.00) on shares of Intel in a report on Monday, October 9th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-nine have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target 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 P/E/G ratio of 1.61 and a beta of 1.06.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share (EPS) for the quarter, beating 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 business had revenue of $16.15 billion during the quarter, compared to analyst estimates of $15.73 billion. During the same quarter in the previous year, the company posted $0.80 earnings per share. Intel’s revenue for the quarter was up 2.4% on a year-over-year basis. research analysts anticipate that Intel Co. will post 3.25 EPS for the current year.

In other Intel news, EVP Diane M. Bryant sold 1,639 shares of the business’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $40.91, for a total transaction of $67,051.49. Following the completion of the sale, the executive vice president now owns 113,086 shares of the company’s stock, valued at $4,626,348.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Venkata S. M. Renduchintala sold 1,424 shares of the business’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $46.73, for a total value of $66,543.52. Following the sale, the insider now directly owns 1,536 shares of the company’s stock, valued at approximately $71,777.28. The disclosure for this sale can be found here. Insiders have sold 1,487,054 shares of company stock valued at $65,800,132 in the last three months. 0.08% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jackson Grant Investment Advisers Inc. boosted its stake in shares of Intel by 0.4% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 7,785 shares of the chip maker’s stock worth $263,000 after acquiring an additional 29 shares during the period. Paradigm Financial Advisors LLC boosted its stake in shares of Intel by 0.3% in the second quarter. Paradigm Financial Advisors LLC now owns 26,264 shares of the chip maker’s stock worth $886,000 after acquiring an additional 67 shares during the period. Bank of Stockton boosted its stake in shares of Intel by 0.4% in the second quarter. Bank of Stockton now owns 16,321 shares of the chip maker’s stock worth $550,000 after acquiring an additional 72 shares during the period. Marathon Capital Management boosted its stake in shares of Intel by 0.7% in the second quarter. Marathon Capital Management now owns 10,986 shares of the chip maker’s stock worth $371,000 after acquiring an additional 80 shares during the period. Finally, Sonata Capital Group Inc. boosted its stake in shares of Intel by 0.9% in the second quarter. Sonata Capital Group Inc. now owns 11,846 shares of the chip maker’s stock worth $400,000 after acquiring an additional 100 shares during the period. 67.56% of the stock is owned by hedge funds and other institutional investors.

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About Intel

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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