Traders Sell Shares of Intel (INTC) on Strength (INTC)

Traders sold shares of Intel (NASDAQ:INTC) on strength during trading hours on Tuesday. $145.51 million flowed into the stock on the tick-up and $240.28 million flowed out of the stock on the tick-down, for a money net flow of $94.77 million out of the stock. Of all stocks tracked, Intel had the 5th highest net out-flow for the day. Intel traded up $0.13 for the day and closed at $54.45

A number of equities research analysts have commented on INTC shares. Vetr lowered Intel from a “buy” rating to a “hold” rating and set a $47.77 price target on the stock. in a research report on Tuesday, January 23rd. Zacks Investment Research raised Intel from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a research note on Thursday, January 25th. JPMorgan Chase reissued a “buy” rating and issued a $55.00 price objective on shares of Intel in a research note on Friday, January 26th. KeyCorp boosted 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. Finally, Credit Suisse Group raised Intel from a “neutral” rating to an “outperform” rating and set a $55.00 price objective on the stock in a research note on Friday, January 26th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Intel currently has a consensus rating of “Buy” and an average target price of $55.43.

The company has a market capitalization of $250.29 billion, a P/E ratio of 15.74, a P/E/G ratio of 1.66 and a beta of 0.94. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.58 and a quick ratio of 1.23.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, April 26th. The chip maker reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.15. The company had revenue of $16.10 billion during the quarter, compared to analyst estimates of $15.08 billion. Intel had a return on equity of 25.41% and a net margin of 17.32%. Intel’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.66 earnings per share. analysts anticipate that Intel will post 3.84 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Monday, May 7th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.20%. The ex-dividend date is Friday, May 4th. Intel’s dividend payout ratio is presently 34.68%.

In other news, EVP Navin Shenoy sold 1,010 shares of the company’s stock in a transaction that occurred on Wednesday, May 2nd. The stock was sold at an average price of $52.80, for a total value of $53,328.00. Following the completion of the transaction, the executive vice president now directly owns 32,920 shares of the company’s stock, valued at $1,738,176. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Brian M. Krzanich sold 6,746 shares of the company’s stock in a transaction that occurred on Thursday, April 26th. The shares were sold at an average price of $52.52, for a total value of $354,299.92. Following the completion of the transaction, the chief executive officer now directly owns 264,084 shares of the company’s stock, valued at $13,869,691.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 97,301 shares of company stock valued at $4,785,697. 0.03% of the stock is currently owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in INTC. Alpha Omega Wealth Management LLC grew its holdings in Intel by 1.3% during the third quarter. Alpha Omega Wealth Management LLC now owns 113,962 shares of the chip maker’s stock valued at $4,340,000 after purchasing an additional 1,463 shares during the period. Global X MANAGEMENT CO LLC grew its holdings in Intel by 19.9% during the third quarter. Global X MANAGEMENT CO LLC now owns 68,865 shares of the chip maker’s stock valued at $2,622,000 after purchasing an additional 11,427 shares during the period. Moreno Evelyn V grew its holdings in Intel by 5.2% during the third quarter. Moreno Evelyn V now owns 237,969 shares of the chip maker’s stock valued at $9,061,000 after purchasing an additional 11,834 shares during the period. FDx Advisors Inc. grew its holdings in Intel by 20.2% during the third quarter. FDx Advisors Inc. now owns 287,661 shares of the chip maker’s stock valued at $10,954,000 after purchasing an additional 48,376 shares during the period. Finally, GW Henssler & Associates Ltd. grew its holdings in Intel by 2.7% during the third quarter. GW Henssler & Associates Ltd. now owns 404,884 shares of the chip maker’s stock valued at $15,418,000 after purchasing an additional 10,467 shares during the period. 67.02% of the stock is owned by institutional investors.

Intel Company Profile

Intel Corporation designs, manufactures, and sells computer, networking, data storage, and communication platforms worldwide. The company operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments.

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