Investors Sell Shares of Intel Corporation (INTC) on Strength Following Insider Selling

Traders sold shares of Intel Corporation (NASDAQ:INTC) on strength during trading hours on Friday after an insider sold shares in the company. $750.71 million flowed into the stock on the tick-up and $792.51 million flowed out of the stock on the tick-down, for a money net flow of $41.80 million out of the stock. Of all equities tracked, Intel Corporation had the 18th highest net out-flow for the day. Intel Corporation traded up $3.05 for the day and closed at $44.40Specifically, CEO Brian M. Krzanich sold 61,860 shares of the firm’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $38.74, for a total value of $2,396,456.40. Following the completion of the sale, the chief executive officer now owns 543,948 shares in the company, valued at approximately $21,072,545.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Diane M. Bryant sold 1,639 shares of the firm’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $40.91, for a total transaction of $67,051.49. Following the completion of the sale, the executive vice president now owns 113,086 shares of the company’s stock, valued at approximately $4,626,348.26. The disclosure for this sale can be found here. Insiders sold a total of 81,038 shares of company stock valued at $3,098,786 in the last 90 days. Corporate insiders own 0.08% of the company’s stock.

Several research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Intel Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. Credit Suisse Group reaffirmed an “outperform” rating on shares of Intel Corporation in a research note on Thursday, August 31st. Needham & Company LLC reaffirmed a “buy” rating and issued a $43.00 target price on shares of Intel Corporation in a research note on Wednesday, July 12th. BidaskClub lowered shares of Intel Corporation from a “hold” rating to a “sell” rating in a research note on Friday, August 25th. Finally, Vetr raised shares of Intel Corporation from a “buy” rating to a “strong-buy” rating and set a $44.36 target price on the stock in a research note on Wednesday, October 11th. Five investment 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 issued a strong buy rating to the stock. Intel Corporation currently has a consensus rating of “Buy” and an average target price of $42.69.

The stock has a market cap of $208.64 billion, a P/E ratio of 16.95 and a beta of 1.07. The firm’s 50-day moving average price is $38.32 and its 200 day moving average price is $36.19.

Intel Corporation (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, October 26th. The chip maker reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.21. Intel Corporation had a return on equity of 21.86% and a net margin of 20.60%. The company had revenue of $16.15 billion during the quarter, compared to analyst estimates of $15.73 billion. During the same period in the prior year, the company earned $0.80 earnings per share. The firm’s revenue was up 2.4% on a year-over-year basis. Equities analysts anticipate that Intel Corporation will post $3.01 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Tuesday, November 7th will be paid a dividend of $0.2725 per share. This represents a $1.09 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date is Monday, November 6th. Intel Corporation’s payout ratio is presently 41.76%.

A number of institutional investors have recently made changes to their positions in INTC. Watermark Asset Management Inc. bought a new position in Intel Corporation during the first quarter valued at approximately $113,000. Acrospire Investment Management LLC lifted its stake in shares of Intel Corporation by 111.8% in the 2nd quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock valued at $121,000 after purchasing an additional 1,900 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its stake in shares of Intel Corporation by 53.0% in the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,040 shares of the chip maker’s stock valued at $146,000 after purchasing an additional 1,400 shares during the last quarter. Orrstown Financial Services Inc. lifted its stake in shares of Intel Corporation by 23.0% in the 2nd quarter. Orrstown Financial Services Inc. now owns 4,582 shares of the chip maker’s stock valued at $155,000 after purchasing an additional 857 shares during the last quarter. Finally, Winfield Associates Inc. lifted its stake in shares of Intel Corporation by 6.0% in the 2nd quarter. Winfield Associates Inc. now owns 4,651 shares of the chip maker’s stock valued at $156,000 after purchasing an additional 265 shares during the last quarter. 67.11% of the stock is owned by 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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