Traders Buy Intel Corporation (INTC) on Weakness on Insider Selling

Traders purchased shares of Intel Corporation (NASDAQ:INTC) on weakness during trading on Monday following insider selling activity. $369.82 million flowed into the stock on the tick-up and $260.47 million flowed out of the stock on the tick-down, for a money net flow of $109.35 million into the stock. Of all equities tracked, Intel Corporation had the 6th highest net in-flow for the day. Intel Corporation traded down ($0.03) for the day and closed at $44.37Specifically, EVP Diane M. Bryant sold 1,639 shares of Intel Corporation stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $40.91, for a total value of $67,051.49. Following the transaction, the executive vice president now directly owns 113,086 shares of the company’s stock, valued at approximately $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 Intel Corporation stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $36.40, for a total value of $51,833.60. Following the completion of the transaction, the insider now directly owns 1,536 shares in the company, valued at $55,910.40. The disclosure for this sale can be found here. Insiders sold a total of 67,042 shares of company stock worth $2,602,348 over the last ninety days. Corporate insiders own 0.08% of the company’s stock.

Several equities research analysts recently commented on INTC shares. Jefferies Group LLC reiterated an “underperform” rating and set a $30.00 target price (up from $29.00) on shares of Intel Corporation in a report on Friday, July 28th. They noted that the move was a valuation call. Sanford C. Bernstein set a $30.00 target price on Intel Corporation and gave the company a “sell” rating in a report on Tuesday, August 15th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $40.00 target price (up from $37.00) on shares of Intel Corporation in a report on Friday, October 6th. KeyCorp reiterated a “buy” rating and set a $50.00 target price on shares of Intel Corporation in a report on Friday. Finally, Hilliard Lyons started coverage on Intel Corporation in a report on Wednesday, July 12th. They set a “buy” rating and a $41.00 target price on the stock. Five investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the company. Intel Corporation presently has a consensus rating of “Buy” and a consensus target price of $42.80.

The stock has a market cap of $208.49 billion, a PE ratio of 16.94 and a beta of 1.07. The company’s 50-day moving average price is $38.72 and its 200 day moving average price is $36.29.

Intel Corporation (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 Corporation had a return on equity of 22.65% and a net margin of 22.31%. The firm had revenue of $16.15 billion for the quarter, compared to the consensus estimate of $15.73 billion. During the same quarter last year, the business posted $0.80 EPS. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. Analysts forecast that Intel Corporation will post $3.23 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Tuesday, November 7th will be paid a $0.2725 dividend. This represents a $1.09 annualized dividend and a dividend yield of 2.46%. The ex-dividend date of this dividend is Monday, November 6th. Intel Corporation’s dividend payout ratio is 38.11%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jackson Grant Investment Advisers Inc. grew its holdings in shares of Intel Corporation by 0.4% in the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 7,785 shares of the chip maker’s stock valued at $263,000 after acquiring an additional 29 shares in the last quarter. Summit Asset Management LLC grew its holdings in shares of Intel Corporation by 0.7% in the 1st quarter. Summit Asset Management LLC now owns 6,281 shares of the chip maker’s stock valued at $227,000 after acquiring an additional 46 shares in the last quarter. Conservest Capital Advisors Inc. grew its holdings in shares of Intel Corporation by 0.6% in the 2nd quarter. Conservest Capital Advisors Inc. now owns 8,953 shares of the chip maker’s stock valued at $302,000 after acquiring an additional 51 shares in the last quarter. Hudock Capital Group LLC grew its holdings in shares of Intel Corporation by 0.4% in the 1st quarter. Hudock Capital Group LLC now owns 12,570 shares of the chip maker’s stock valued at $453,000 after acquiring an additional 53 shares in the last quarter. Finally, Paradigm Financial Advisors LLC grew its holdings in shares of Intel Corporation by 0.3% in the 2nd quarter. Paradigm Financial Advisors LLC now owns 26,264 shares of the chip maker’s stock valued at $886,000 after acquiring an additional 67 shares in the last quarter. 67.07% of the stock is currently owned by hedge funds and other institutional investors.

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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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