Investors Buy Shares of Intel (INTC) on Weakness

Traders purchased shares of Intel Co. (NASDAQ:INTC) on weakness during trading hours on Friday. $228.72 million flowed into the stock on the tick-up and $124.36 million flowed out of the stock on the tick-down, for a money net flow of $104.36 million into the stock. Of all stocks tracked, Intel had the 6th highest net in-flow for the day. Intel traded down ($0.03) for the day and closed at $45.54

A number of equities analysts have recently issued reports on INTC shares. KeyCorp reduced their price target on Intel from $60.00 to $58.00 and set an “overweight” rating on the stock in a research report on Friday, July 27th. Wells Fargo & Co reaffirmed a “buy” rating and set a $65.00 price target on shares of Intel in a research report on Thursday, June 21st. BidaskClub downgraded Intel from a “sell” rating to a “strong sell” rating in a research report on Friday. Needham & Company LLC reaffirmed a “buy” rating and set a $60.00 price target on shares of Intel in a research report on Friday, July 27th. Finally, Bank of America downgraded Intel from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $62.00 to $56.00 in a research report on Friday, July 27th. Four research analysts have rated the stock with a sell rating, nineteen have given a hold rating and twenty-two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $55.55.

The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.15 and a current ratio of 1.57. The firm has a market cap of $210.20 billion, a P/E ratio of 11.23, a price-to-earnings-growth ratio of 1.29 and a beta of 0.97.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, July 26th. The chip maker reported $1.04 EPS for the quarter, beating the consensus estimate of $0.99 by $0.05. Intel had a net margin of 20.07% and a return on equity of 27.33%. The company had revenue of $16.96 billion for the quarter, compared to analyst estimates of $16.78 billion. During the same period in the prior year, the company earned $0.72 earnings per share. The firm’s revenue was up 14.9% on a year-over-year basis. analysts predict that Intel Co. will post 4.15 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, December 1st. Shareholders of record on Wednesday, November 7th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.64%. Intel’s dividend payout ratio (DPR) is currently 34.68%.

In other news, CEO Robert Holmes Swan acquired 5,243 shares of the firm’s stock in a transaction on Monday, July 30th. The stock was acquired at an average price of $47.69 per share, for a total transaction of $250,038.67. Following the completion of the transaction, the chief executive officer now owns 71,672 shares in the company, valued at approximately $3,418,037.68. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Steven Ralph Rodgers sold 2,213 shares of the company’s stock in a transaction dated Thursday, July 26th. The stock was sold at an average price of $52.43, for a total transaction of $116,027.59. Following the completion of the transaction, the executive vice president now owns 23,268 shares of the company’s stock, valued at approximately $1,219,941.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,077 shares of company stock valued at $205,757. Insiders own 0.03% of the company’s stock.

Several institutional investors have recently modified their holdings of INTC. Dimensional Fund Advisors LP raised its position in shares of Intel by 1.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 51,466,042 shares of the chip maker’s stock worth $2,558,294,000 after purchasing an additional 559,856 shares during the last quarter. LSV Asset Management raised its position in shares of Intel by 1.2% during the 2nd quarter. LSV Asset Management now owns 25,064,455 shares of the chip maker’s stock worth $1,245,954,000 after purchasing an additional 304,293 shares during the last quarter. Alliancebernstein L.P. raised its position in shares of Intel by 14.7% during the 4th quarter. Alliancebernstein L.P. now owns 24,187,824 shares of the chip maker’s stock worth $1,116,510,000 after purchasing an additional 3,095,697 shares during the last quarter. TIAA CREF Investment Management LLC raised its position in shares of Intel by 47.8% during the 4th quarter. TIAA CREF Investment Management LLC now owns 23,711,209 shares of the chip maker’s stock worth $1,094,509,000 after purchasing an additional 7,669,737 shares during the last quarter. Finally, Fisher Asset Management LLC raised its position in shares of Intel by 3.3% during the 2nd quarter. Fisher Asset Management LLC now owns 23,435,777 shares of the chip maker’s stock worth $1,164,993,000 after purchasing an additional 745,116 shares during the last quarter. Institutional investors and hedge funds own 65.50% of the company’s stock.

Intel Company Profile (NASDAQ:INTC)

Intel Corporation designs, manufactures, and sells computer, networking, data storage, and communication platforms worldwide. The company operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments.

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