Traders Buy Intel (INTC) on Weakness

Traders bought shares of Intel Co. (NASDAQ:INTC) on weakness during trading hours on Monday. $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 companies 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

A number of equities analysts recently commented on INTC shares. Mizuho reissued a “buy” rating and set a $45.00 price target (up from $42.00) on shares of Intel in a research note on Monday, October 9th. Needham & Company LLC reissued a “buy” rating and set a $43.00 price target on shares of Intel in a research note on Friday, October 27th. Stifel Nicolaus increased their price target on Intel from $41.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, October 20th. Zacks Investment Research raised Intel from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a research note on Friday, September 22nd. Finally, Vetr lowered Intel from a “strong-buy” rating to a “buy” rating and set a $42.80 price target for the company. in a research note on Tuesday, October 3rd. Four equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $44.78.

The stock has a market capitalization of $202,360.00, a price-to-earnings ratio of 15.17, a PEG ratio of 1.56 and a beta of 1.06. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.27 and a current ratio of 1.60.

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

In other news, insider Venkata S. M. Renduchintala sold 1,424 shares of Intel stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $46.73, for a total value of $66,543.52. Following the transaction, the insider now directly owns 1,536 shares in the company, valued at approximately $71,777.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Diane M. Bryant sold 1,639 shares of Intel stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $40.91, for a total value of $67,051.49. Following the completion of the transaction, the executive vice president now owns 113,086 shares in the company, valued at $4,626,348.26. The disclosure for this sale can be found here. Insiders sold a total of 1,487,054 shares of company stock worth $65,800,132 over the last quarter. Company insiders own 0.08% of the company’s stock.

Several large investors have recently made changes to their positions in INTC. Financial Engines Advisors L.L.C. acquired a new stake in shares of Intel in the 3rd quarter worth $119,000. Acrospire Investment Management LLC boosted its position in shares of Intel by 111.8% in the 2nd quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock worth $121,000 after purchasing an additional 1,900 shares in the last quarter. JFS Wealth Advisors LLC boosted its position in shares of Intel by 47.1% in the 3rd quarter. JFS Wealth Advisors LLC now owns 3,850 shares of the chip maker’s stock worth $147,000 after purchasing an additional 1,233 shares in the last quarter. Fieldpoint Private Securities LLC acquired a new stake in shares of Intel in the 3rd quarter worth $158,000. Finally, Family Capital Trust Co boosted its position in shares of Intel by 350.0% in the 3rd quarter. Family Capital Trust Co now owns 4,500 shares of the chip maker’s stock worth $171,000 after purchasing an additional 3,500 shares in the last quarter. Institutional investors and hedge funds own 67.56% 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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