Investors Sell Intel (INTC) on Strength (INTC)

Investors sold shares of Intel Co. (NASDAQ:INTC) on strength during trading 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 companies tracked, Intel had the 4th highest net out-flow for the day. Intel traded up $0.91 for the day and closed at $43.41

Several equities research analysts recently commented on INTC shares. Zacks Investment Research upgraded shares of Intel from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research note on Friday, September 22nd. Canaccord Genuity lifted their price target on shares of Intel from $41.00 to $45.00 and gave the stock a “hold” rating in a research note on Friday, November 17th. JPMorgan Chase & Co. set a $53.00 price target on shares of Intel and gave the stock a “buy” rating in a research note on Thursday, January 4th. Oppenheimer reiterated a “hold” rating on shares of Intel in a research note on Thursday, January 4th. Finally, Sanford C. Bernstein set a $34.00 price target on shares of Intel and gave the stock a “sell” rating in a research note on Wednesday. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the company. Intel presently has a consensus rating of “Buy” and an average price target of $44.78.

The company has a market cap of $203,160.00, a price-to-earnings ratio of 15.23, a price-to-earnings-growth ratio of 1.62 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 issued its earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.21. The business had revenue of $16.15 billion for the quarter, compared to the consensus estimate of $15.73 billion. Intel had a net margin of 22.31% and a return on equity of 22.65%. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.80 earnings per share. equities research analysts expect that Intel Co. will post 3.25 EPS for the current year.

In related news, EVP Diane M. Bryant sold 570 shares of the business’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $44.49, for a total transaction of $25,359.30. Following the sale, the executive vice president now owns 110,850 shares of the company’s stock, valued at $4,931,716.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Diane M. Bryant sold 1,639 shares of the business’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $40.91, for a total transaction of $67,051.49. Following the sale, the executive vice president now directly owns 113,086 shares in the company, valued at approximately $4,626,348.26. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,487,054 shares of company stock worth $65,800,132. Insiders own 0.08% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. Jackson Grant Investment Advisers Inc. boosted its holdings in Intel by 0.4% during the second quarter. Jackson Grant Investment Advisers Inc. now owns 7,785 shares of the chip maker’s stock worth $263,000 after buying an additional 29 shares in the last quarter. Conservest Capital Advisors Inc. raised its position in Intel by 0.6% during the second 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 during the last quarter. Paradigm Financial Advisors LLC raised its position in Intel by 0.3% during the second 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 during the last quarter. Bank of Stockton raised its position in Intel by 0.4% during the second quarter. Bank of Stockton now owns 16,321 shares of the chip maker’s stock worth $550,000 after acquiring an additional 72 shares during the last quarter. Finally, Marathon Capital Management raised its position in Intel by 0.7% during the second quarter. Marathon Capital Management now owns 10,986 shares of the chip maker’s stock worth $371,000 after acquiring an additional 80 shares during the last quarter. 67.54% of the stock is currently owned by hedge funds and other institutional investors.

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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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