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

Investors sold shares of Intel Co. (NASDAQ:INTC) on strength during trading hours on Thursday. $184.00 million flowed into the stock on the tick-up and $355.16 million flowed out of the stock on the tick-down, for a money net flow of $171.16 million out of the stock. Of all equities tracked, Intel had the 0th highest net out-flow for the day. Intel traded up $0.91 for the day and closed at $43.41

A number of research firms have issued reports on INTC. Zacks Investment Research downgraded shares of Intel from a “buy” rating to a “hold” rating in a research report on Tuesday, September 19th. ValuEngine upgraded shares of Intel from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Vetr downgraded shares of Intel from a “strong-buy” rating to a “buy” rating and set a $42.80 target price on the stock. in a research report on Tuesday, October 3rd. Royal Bank of Canada restated a “sector perform” rating and set a $40.00 target price (up from $37.00) on shares of Intel in a research report on Friday, October 6th. Finally, Mizuho restated a “buy” rating and set a $45.00 target price (up from $42.00) on shares of Intel in a research report on Monday, October 9th. Four equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $44.78.

The stock has a market capitalization of $202,360.00, a PE ratio of 15.17, a price-to-earnings-growth ratio of 1.57 and a beta of 1.06. The company has a current ratio of 1.60, a quick ratio of 1.27 and a debt-to-equity ratio of 0.39.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.21. Intel had a net margin of 22.31% and a return on equity of 22.65%. The business had revenue of $16.15 billion for the quarter, compared to the consensus estimate of $15.73 billion. During the same period last year, the company posted $0.80 EPS. Intel’s revenue for the quarter was up 2.4% on a year-over-year basis. equities research analysts forecast that Intel Co. will post 3.25 earnings per share for the current fiscal year.

In related news, insider Venkata S. M. Renduchintala sold 1,424 shares of the stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $46.73, for a total transaction of $66,543.52. Following the completion of the sale, the insider now directly owns 1,536 shares of the company’s stock, valued at approximately $71,777.28. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Brian M. Krzanich sold 889,878 shares of the stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $44.19, for a total value of $39,323,708.82. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,487,054 shares of company stock valued at $65,800,132. 0.08% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Jackson Grant Investment Advisers Inc. grew its stake in shares of Intel by 0.4% during the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 7,785 shares of the chip maker’s stock worth $263,000 after acquiring an additional 29 shares in the last quarter. Conservest Capital Advisors Inc. grew its stake in shares of Intel by 0.6% during the 2nd quarter. Conservest Capital Advisors Inc. now owns 8,953 shares of the chip maker’s stock worth $302,000 after acquiring an additional 51 shares in the last quarter. Paradigm Financial Advisors LLC grew its stake in shares of Intel by 0.3% during the 2nd quarter. Paradigm Financial Advisors LLC now owns 26,264 shares of the chip maker’s stock worth $886,000 after acquiring an additional 67 shares in the last quarter. Bank of Stockton grew its stake in shares of Intel by 0.4% during the 2nd quarter. Bank of Stockton now owns 16,321 shares of the chip maker’s stock worth $550,000 after acquiring an additional 72 shares in the last quarter. Finally, Marathon Capital Management grew its stake in shares of Intel by 0.7% during the 2nd quarter. Marathon Capital Management now owns 10,986 shares of the chip maker’s stock worth $371,000 after acquiring an additional 80 shares in the last quarter. 67.54% of the stock is owned by institutional investors and hedge funds.

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About Intel

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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