Brian M. Krzanich Sells 889,878 Shares of Intel Corporation (INTC) Stock

Intel Corporation (NASDAQ:INTC) CEO Brian M. Krzanich sold 889,878 shares of the business’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $44.19, for a total transaction of $39,323,708.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Intel Corporation (NASDAQ:INTC) opened at $44.68 on Friday. The company has a market cap of $209,851.20, a PE ratio of 14.10, a PEG ratio of 1.64 and a beta of 1.06. The company has a quick ratio of 1.27, a current ratio of 1.60 and a debt-to-equity ratio of 0.39. Intel Corporation has a fifty-two week low of $33.23 and a fifty-two week high of $47.30.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, October 26th. The chip maker reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.21. The firm had revenue of $16.15 billion during the quarter, compared to analysts’ expectations of $15.73 billion. Intel had a net margin of 22.31% and a return on equity of 22.65%. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.80 earnings per share. equities research analysts forecast that Intel Corporation will post 3.25 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Tuesday, November 7th were issued a $0.2725 dividend. The ex-dividend date was Monday, November 6th. This represents a $1.09 dividend on an annualized basis and a dividend yield of 2.44%. Intel’s dividend payout ratio (DPR) is currently 38.11%.

Several hedge funds have recently bought and sold shares of the company. Janus Henderson Group PLC increased its stake in shares of Intel by 4,951.1% in the second quarter. Janus Henderson Group PLC now owns 20,455,051 shares of the chip maker’s stock valued at $690,156,000 after buying an additional 20,050,088 shares during the period. Capital Research Global Investors increased its stake in shares of Intel by 9.1% in the second quarter. Capital Research Global Investors now owns 128,581,621 shares of the chip maker’s stock valued at $4,338,344,000 after buying an additional 10,744,753 shares during the period. Capital World Investors increased its stake in shares of Intel by 5.5% in the second quarter. Capital World Investors now owns 197,750,361 shares of the chip maker’s stock valued at $6,672,097,000 after buying an additional 10,257,260 shares during the period. Capital International Investors acquired a new position in shares of Intel in the third quarter valued at approximately $339,563,000. Finally, Vanguard Group Inc. increased its stake in shares of Intel by 2.5% in the second quarter. Vanguard Group Inc. now owns 333,500,073 shares of the chip maker’s stock valued at $11,252,292,000 after buying an additional 8,087,302 shares during the period. 67.70% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have recently commented on INTC shares. Zacks Investment Research raised shares of Intel from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a research report on Wednesday, September 6th. ValuEngine lowered shares of Intel from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Vetr raised shares of Intel from a “buy” rating to a “strong-buy” rating and set a $41.56 price objective on the stock in a research report on Thursday, August 24th. Credit Suisse Group reissued an “outperform” rating on shares of Intel in a research report on Thursday, August 31st. Finally, Stifel Nicolaus boosted their price objective on shares of Intel from $41.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, October 20th. Five equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the stock. Intel currently has an average rating of “Buy” and an average price target of $43.40.

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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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