Intel Co. (NASDAQ:INTC) CEO Brian M. Krzanich sold 74,456 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $48.67, for a total transaction of $3,623,773.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Intel Co. (NASDAQ INTC) traded up $0.08 on Wednesday, reaching $51.86. The company had a trading volume of 24,060,357 shares, compared to its average volume of 36,917,898. Intel Co. has a 52 week low of $33.23 and a 52 week high of $53.78. The stock has a market cap of $241,500.00, a price-to-earnings ratio of 16.55, a P/E/G ratio of 1.74 and a beta of 1.01. The company has a current ratio of 1.69, a quick ratio of 1.29 and a debt-to-equity ratio of 0.36.
Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, January 25th. The chip maker reported $1.08 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.22. Intel had a return on equity of 24.33% and a net margin of 15.30%. The company had revenue of $17.05 billion during the quarter, compared to analyst estimates of $16.34 billion. During the same quarter last year, the firm posted $0.79 EPS. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. sell-side analysts predict that Intel Co. will post 3.51 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Wednesday, February 7th were issued a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $1.20 annualized dividend and a yield of 2.31%. This is a positive change from Intel’s previous quarterly dividend of $0.27. Intel’s dividend payout ratio (DPR) is 38.34%.
Several equities analysts recently commented on the stock. Morningstar set a $41.00 price target on shares of Intel and gave the company a “neutral” rating in a research note on Friday, January 26th. Morgan Stanley upped their price objective on Intel from $39.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, January 26th. KeyCorp upped their price objective on Intel from $50.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday, January 26th. ValuEngine downgraded Intel from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 7th. Finally, BidaskClub raised shares of Intel from a “hold” rating to a “buy” rating in a research report on Saturday, January 20th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $50.04.
A number of institutional investors and hedge funds have recently made changes to their positions in INTC. Green Square Capital LLC grew its holdings in Intel by 19.5% during the 4th quarter. Green Square Capital LLC now owns 201,313 shares of the chip maker’s stock valued at $9,293,000 after buying an additional 32,884 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in Intel by 12.3% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 517,028 shares of the chip maker’s stock valued at $23,866,000 after buying an additional 56,477 shares in the last quarter. Certified Advisory Corp purchased a new position in Intel during the 4th quarter valued at about $310,000. Wagner Wealth Management LLC purchased a new position in Intel during the 4th quarter valued at about $337,000. Finally, D.B. Root & Company LLC purchased a new position in Intel during the 4th quarter valued at about $1,064,000. 69.22% of the stock is owned by institutional investors.
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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).
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