Traders Buy Intel (INTC) on Weakness

Traders bought shares of Intel Co. (NASDAQ:INTC) on weakness during trading on Friday. $301.32 million flowed into the stock on the tick-up and $181.22 million flowed out of the stock on the tick-down, for a money net flow of $120.10 million into the stock. Of all stocks tracked, Intel had the 2nd highest net in-flow for the day. Intel traded down ($0.17) for the day and closed at $43.24

INTC has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Intel from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a report on Friday, September 22nd. Stifel Nicolaus increased their price target on Intel from $41.00 to $46.00 and gave the stock a “buy” rating in a report on Friday, October 20th. Sanford C. Bernstein set a $34.00 price target on Intel and gave the stock a “sell” rating in a report on Friday, October 27th. Vetr cut Intel from a “strong-buy” rating to a “buy” rating and set a $48.80 price target for the company. in a report on Tuesday, January 2nd. Finally, Instinet increased their price target on Intel to $50.00 and gave the stock a “buy” rating in a report on Tuesday, December 5th. Four research analysts have rated the stock with a sell rating, fourteen have given a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company. Intel presently has a consensus rating of “Buy” and a consensus price target of $44.78.

The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.27 and a current ratio of 1.60. The firm has a market cap of $202,220.00, a P/E ratio of 15.17, a PEG ratio of 1.57 and a beta of 1.06.

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

In other news, CEO Brian M. Krzanich sold 889,878 shares of Intel stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $44.19, for a total value of $39,323,708.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Andy D. Bryant sold 89,087 shares of Intel stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $44.80, for a total value of $3,991,097.60. Following the completion of the transaction, the chairman now owns 428,789 shares of the company’s stock, valued at approximately $19,209,747.20. The disclosure for this sale can be found here. Insiders sold a total of 1,487,054 shares of company stock valued at $65,800,132 in the last quarter. Company insiders own 0.08% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Jackson Grant Investment Advisers Inc. raised its position 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. raised its position 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 raised its position 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 raised its position 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 raised its position 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. Institutional investors and hedge funds own 67.54% of the company’s stock.

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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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