Investors Sell Intel (INTC) on Strength Following Insider Selling

Traders sold shares of Intel Co. (NASDAQ:INTC) on strength during trading hours on Friday following insider selling activity. $179.07 million flowed into the stock on the tick-up and $278.84 million flowed out of the stock on the tick-down, for a money net flow of $99.77 million out of the stock. Of all stocks tracked, Intel had the 19th highest net out-flow for the day. Intel traded up $1.93 for the day and closed at $47.73Specifically, CEO Brian M. Krzanich sold 889,878 shares of the firm’s 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Kevin Thomas Mcbride sold 686 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $46.56, for a total value of $31,940.16. Following the completion of the transaction, the vice president now owns 6,472 shares in the company, valued at approximately $301,336.32. The disclosure for this sale can be found here. In the last quarter, insiders sold 930,369 shares of company stock worth $41,275,001. 0.08% of the stock is owned by company insiders.

Several research firms recently issued reports on INTC. UBS Group set a $51.00 price target on Intel and gave the company a “buy” rating in a report on Monday, January 29th. MKM Partners raised their price target on Intel to $55.00 and gave the company a “buy” rating in a report on Friday, January 26th. Vetr cut Intel from a “buy” rating to a “sell” rating and set a $47.74 price target on the stock. in a report on Monday, January 29th. Citigroup assumed coverage on Intel in a report on Tuesday, January 30th. They issued a “buy” rating and a $58.00 price target on the stock. Finally, Nomura reissued a “buy” rating and issued a $50.00 target price on shares of Intel in a research note on Friday, January 26th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirty have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $49.33.

The stock has a market capitalization of $222,800.00, a PE ratio of 15.25, a P/E/G ratio of 1.55 and a beta of 1.07. The company has a quick ratio of 1.29, a current ratio of 1.69 and a debt-to-equity ratio of 0.36.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, January 25th. The chip maker reported $1.08 EPS for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.22. The company had revenue of $17.05 billion for the quarter, compared to analyst estimates of $16.34 billion. Intel had a return on equity of 24.33% and a net margin of 15.30%. Intel’s revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.79 earnings per share. research analysts expect that Intel Co. will post 3.52 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Wednesday, February 7th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, February 6th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.51%. This is a positive change from Intel’s previous quarterly dividend of $0.27. Intel’s dividend payout ratio (DPR) is currently 38.34%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Green Square Capital LLC raised its position in Intel by 19.5% in the 4th quarter. Green Square Capital LLC now owns 201,313 shares of the chip maker’s stock valued at $9,293,000 after buying an additional 32,884 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in Intel by 12.3% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 517,028 shares of the chip maker’s stock valued at $23,866,000 after buying an additional 56,477 shares during the last quarter. Certified Advisory Corp acquired a new stake in Intel in the 4th quarter valued at approximately $310,000. Wagner Wealth Management LLC acquired a new stake in Intel in the 4th quarter valued at approximately $337,000. Finally, D.B. Root & Company LLC acquired a new stake in Intel in the 4th quarter valued at approximately $1,064,000. 67.74% of the stock is currently owned by institutional investors.

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About Intel

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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