Traders Sell Shares of Intel (INTC) on Strength (INTC)

Traders sold shares of Intel (NASDAQ:INTC) on strength during trading hours on Monday. $138.58 million flowed into the stock on the tick-up and $285.57 million flowed out of the stock on the tick-down, for a money net flow of $146.99 million out of the stock. Of all equities tracked, Intel had the 0th highest net out-flow for the day. Intel traded up $0.23 for the day and closed at $54.90

INTC has been the subject of a number of recent analyst reports. BNP Paribas restated a “neutral” rating and set a $54.00 price objective on shares of Intel in a report on Monday. ValuEngine cut Intel from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 2nd. Morningstar set a $62.00 price objective on Intel and gave the company a “buy” rating in a report on Wednesday, May 2nd. Stifel Nicolaus boosted their price objective on Intel from $53.00 to $57.00 and gave the company a “hold” rating in a report on Friday, April 27th. Finally, B. Riley boosted their price objective on Intel from $55.00 to $65.00 and gave the company a “buy” rating in a report on Friday, April 27th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $55.28.

The stock has a market cap of $256.84 billion, a PE ratio of 15.62, a PEG ratio of 1.70 and a beta of 0.94. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.58 and a quick ratio of 1.23.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, April 26th. The chip maker reported $0.87 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.15. Intel had a return on equity of 25.41% and a net margin of 17.32%. The company had revenue of $16.10 billion for the quarter, compared to analyst estimates of $15.08 billion. During the same period in the prior year, the company posted $0.66 EPS. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. research analysts predict that Intel will post 3.84 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Monday, May 7th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend is Friday, May 4th. Intel’s dividend payout ratio is currently 34.68%.

In related news, EVP Navin Shenoy sold 8,967 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $48.67, for a total transaction of $436,423.89. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Kevin Thomas Mcbride sold 686 shares of the company’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 transaction, the vice president now directly owns 6,472 shares in the company, valued at $301,336.32. The disclosure for this sale can be found here. Insiders have sold a total of 97,301 shares of company stock worth $4,785,697 over the last ninety days. 0.03% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the business. Robecosam AG boosted its stake in shares of Intel by 270.2% in the first quarter. Robecosam AG now owns 581,657 shares of the chip maker’s stock worth $30,293,000 after buying an additional 424,552 shares during the last quarter. Baxter Bros Inc. boosted its stake in shares of Intel by 13.0% in the first quarter. Baxter Bros Inc. now owns 197,788 shares of the chip maker’s stock worth $10,301,000 after buying an additional 22,828 shares during the last quarter. Braun Bostich & Associates Inc. purchased a new stake in shares of Intel in the first quarter worth about $335,000. Millennium Management LLC boosted its stake in shares of Intel by 232.8% in the first quarter. Millennium Management LLC now owns 1,750,545 shares of the chip maker’s stock worth $91,168,000 after buying an additional 3,069,040 shares during the last quarter. Finally, PointState Capital LP boosted its stake in shares of Intel by 100.0% in the first quarter. PointState Capital LP now owns 50,000 shares of the chip maker’s stock worth $2,604,000 after buying an additional 25,000 shares during the last quarter. Institutional investors and hedge funds own 68.23% of the company’s stock.

About Intel

Intel Corporation designs, manufactures, and sells computer, networking, data storage, and communication platforms worldwide. The company operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments.

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