Traders Sell Intel Corporation (INTC) on Strength (INTC)

Traders sold shares of Intel Corporation (NASDAQ:INTC) on strength during trading on Monday. $81.81 million flowed into the stock on the tick-up and $171.19 million flowed out of the stock on the tick-down, for a money net flow of $89.38 million out of the stock. Of all equities tracked, Intel Corporation had the 0th highest net out-flow for the day. Intel Corporation traded up $0.58 for the day and closed at $35.77

Several research firms have issued reports on INTC. Jefferies Group LLC restated an “underperform” rating and issued a $30.00 price target (up previously from $29.00) on shares of Intel Corporation in a research report on Friday, July 28th. They noted that the move was a valuation call. Sanford C. Bernstein set a $30.00 price target on shares of Intel Corporation and gave the stock a “sell” rating in a research report on Tuesday, August 15th. Hilliard Lyons began coverage on shares of Intel Corporation in a research report on Wednesday, July 12th. They issued a “buy” rating and a $41.00 price target on the stock. Canaccord Genuity restated a “hold” rating on shares of Intel Corporation in a research report on Saturday, June 3rd. Finally, Northland Securities set a $40.00 price target on shares of Intel Corporation and gave the stock a “hold” rating in a research report on Friday, July 28th. Six research analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $40.55.

The company has a market cap of $169.59 billion, a P/E ratio of 13.77 and a beta of 1.02. The stock has a 50-day moving average price of $35.44 and a 200 day moving average price of $35.51.

Intel Corporation (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, July 27th. The chip maker reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.04. Intel Corporation had a net margin of 20.60% and a return on equity of 21.86%. The company had revenue of $14.76 billion for the quarter, compared to the consensus estimate of $14.39 billion. During the same period last year, the company posted $0.59 EPS. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. Equities research analysts anticipate that Intel Corporation will post $3.01 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Monday, August 7th were paid a $0.2725 dividend. The ex-dividend date was Thursday, August 3rd. This represents a $1.09 dividend on an annualized basis and a dividend yield of 3.02%. Intel Corporation’s payout ratio is currently 41.76%.

In other news, insider Venkata S. M. Renduchintala sold 13,996 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $35.47, for a total value of $496,438.12. Following the sale, the insider now directly owns 1,536 shares in the company, valued at approximately $54,481.92. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Brian M. Krzanich sold 72,173 shares of the firm’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $33.69, for a total transaction of $2,431,508.37. Following the completion of the sale, the chief executive officer now owns 534,746 shares in the company, valued at $18,015,592.74. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 91,921 shares of company stock worth $3,130,162. 0.08% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Intel Corporation by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 333,500,073 shares of the chip maker’s stock worth $11,252,292,000 after buying an additional 8,087,302 shares during the period. Capital World Investors boosted its position in Intel Corporation by 5.5% during the 2nd quarter. Capital World Investors now owns 197,750,361 shares of the chip maker’s stock worth $6,672,097,000 after buying an additional 10,257,260 shares during the period. Capital Research Global Investors boosted its position in Intel Corporation by 9.1% during the 2nd quarter. Capital Research Global Investors now owns 128,581,621 shares of the chip maker’s stock worth $4,338,344,000 after buying an additional 10,744,753 shares during the period. Dimensional Fund Advisors LP boosted its position in Intel Corporation by 0.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 50,601,299 shares of the chip maker’s stock worth $1,707,253,000 after buying an additional 177,919 shares during the period. Finally, Legal & General Group Plc boosted its position in Intel Corporation by 1.6% during the 2nd quarter. Legal & General Group Plc now owns 25,508,803 shares of the chip maker’s stock worth $860,658,000 after buying an additional 412,747 shares during the period. Institutional investors and hedge funds own 67.09% of the company’s stock.

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About Intel Corporation

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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