Traders sold shares of Intel Corporation (NASDAQ:INTC) on strength during trading on Wednesday. $116.77 million flowed into the stock on the tick-up and $170.16 million flowed out of the stock on the tick-down, for a money net flow of $53.39 million out of the stock. Of all stocks tracked, Intel Corporation had the 13th highest net out-flow for the day. Intel Corporation traded up $0.46 for the day and closed at $40.25
INTC has been the topic of several analyst reports. Zacks Investment Research lowered shares of Intel Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. Stifel Nicolaus restated a “buy” rating and issued a $39.00 price target on shares of Intel Corporation in a research note on Friday, July 14th. Bank of America Corporation lowered shares of Intel Corporation from a “buy” rating to a “neutral” rating and dropped their price target for the company from $42.00 to $38.00 in a research note on Wednesday, June 21st. Credit Suisse Group restated a “neutral” rating and issued a $35.00 price target on shares of Intel Corporation in a research note on Tuesday, July 4th. Finally, ValuEngine lowered shares of Intel Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Five investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. Intel Corporation has an average rating of “Hold” and an average target price of $40.91.
The stock has a market cap of $189.13 billion, a PE ratio of 15.36 and a beta of 1.07. The company’s 50-day moving average price is $37.23 and its 200-day moving average price is $35.94.
Intel Corporation (NASDAQ:INTC) last released its earnings results on Thursday, July 27th. The chip maker reported $0.72 EPS for the quarter, beating the consensus estimate of $0.68 by $0.04. Intel Corporation had a net margin of 20.60% and a return on equity of 21.86%. The firm had revenue of $14.76 billion for the quarter, compared to analyst estimates of $14.39 billion. During the same period last year, the firm earned $0.59 EPS. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. Equities research analysts predict that Intel Corporation will post $3.01 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Tuesday, November 7th will be issued a $0.2725 dividend. This represents a $1.09 annualized dividend and a yield of 2.71%. The ex-dividend date of this dividend is Monday, November 6th. Intel Corporation’s dividend payout ratio is currently 41.76%.
In other Intel Corporation news, EVP Diane M. Bryant sold 1,639 shares of the firm’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $34.65, for a total value of $56,791.35. Following the transaction, the executive vice president now directly owns 114,542 shares of the company’s stock, valued at approximately $3,968,880.30. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Brian M. Krzanich sold 61,860 shares of the firm’s 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 transaction, the chief executive officer now directly owns 543,948 shares in the company, valued at $21,072,545.52. The disclosure for this sale can be found here. Over the last three months, insiders sold 81,608 shares of company stock worth $3,095,110. Insiders own 0.08% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. First National Bank of Mount Dora Trust Investment Services boosted its stake in shares of Intel Corporation by 5.7% in the 3rd quarter. First National Bank of Mount Dora Trust Investment Services now owns 139,258 shares of the chip maker’s stock valued at $5,303,000 after purchasing an additional 7,479 shares in the last quarter. Fulton Bank N.A. boosted its stake in shares of Intel Corporation by 2.3% in the 3rd quarter. Fulton Bank N.A. now owns 93,293 shares of the chip maker’s stock valued at $3,553,000 after purchasing an additional 2,094 shares in the last quarter. Beacon Financial Group boosted its stake in shares of Intel Corporation by 39.5% in the 3rd quarter. Beacon Financial Group now owns 44,367 shares of the chip maker’s stock valued at $1,689,000 after purchasing an additional 12,571 shares in the last quarter. Eqis Capital Management Inc. boosted its stake in shares of Intel Corporation by 8.2% in the 3rd quarter. Eqis Capital Management Inc. now owns 97,326 shares of the chip maker’s stock valued at $3,706,000 after purchasing an additional 7,413 shares in the last quarter. Finally, Curbstone Financial Management Corp boosted its stake in shares of Intel Corporation by 92.4% in the 3rd quarter. Curbstone Financial Management Corp now owns 84,300 shares of the chip maker’s stock valued at $3,210,000 after purchasing an additional 40,475 shares in the last quarter. Institutional investors own 67.02% of the company’s stock.
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Intel Corporation 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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