Investors Sell Intel (INTC) on Strength (INTC)

Traders sold shares of Intel (NASDAQ:INTC) on strength during trading on Wednesday. $139.66 million flowed into the stock on the tick-up and $219.25 million flowed out of the stock on the tick-down, for a money net flow of $79.59 million out of the stock. Of all equities tracked, Intel had the 0th highest net out-flow for the day. Intel traded up $0.76 for the day and closed at $55.21

Several equities research analysts have issued reports on INTC shares. MKM Partners increased their target price on Intel to $55.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. Roth Capital reiterated a “buy” rating and issued a $57.00 price objective (up previously from $50.00) on shares of Intel in a research report on Friday, January 26th. Deutsche Bank reiterated a “buy” rating and issued a $55.00 price objective on shares of Intel in a research report on Friday, January 26th. B. Riley reiterated a “buy” rating and issued a $55.00 price objective on shares of Intel in a research report on Friday, January 26th. Finally, Nomura reiterated a “buy” rating and issued a $50.00 price objective on shares of Intel in a research report on Friday, January 26th. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $55.43.

The company has a market cap of $258.29 billion, a PE ratio of 15.82, a PEG ratio of 1.71 and a beta of 0.94. The company has a quick ratio of 1.23, a current ratio of 1.58 and a debt-to-equity ratio of 0.35.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, April 26th. The chip maker reported $0.87 earnings per share (EPS) for the quarter, beating the Zacks’ 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 firm had revenue of $16.10 billion for the quarter, compared to analysts’ expectations of $15.08 billion. During the same period last year, the firm earned $0.66 earnings per share. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. equities analysts predict that Intel will post 3.84 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Monday, May 7th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, May 4th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.19%. Intel’s dividend payout ratio (DPR) is currently 34.68%.

In related news, CEO Brian M. Krzanich sold 74,456 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $48.67, for a total value of $3,623,773.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Navin Shenoy sold 498 shares of the firm’s stock in a transaction dated Tuesday, April 24th. The stock was sold at an average price of $52.31, for a total value of $26,050.38. Following the completion of the sale, the executive vice president now directly owns 30,502 shares in the company, valued at $1,595,559.62. The disclosure for this sale can be found here. Insiders have sold 96,615 shares of company stock worth $4,753,757 over the last ninety days. Insiders own 0.03% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of INTC. Epstein & White Financial LLC purchased a new stake in Intel in the fourth quarter worth about $262,000. Whalerock Point Partners LLC lifted its holdings in Intel by 32.8% in the fourth quarter. Whalerock Point Partners LLC now owns 37,490 shares of the chip maker’s stock worth $1,730,000 after buying an additional 9,250 shares during the period. Berkshire Asset Management LLC PA lifted its holdings in Intel by 9.0% in the fourth quarter. Berkshire Asset Management LLC PA now owns 443,604 shares of the chip maker’s stock worth $20,477,000 after buying an additional 36,802 shares during the period. Marathon Asset Management LLP lifted its holdings in Intel by 7.8% in the fourth quarter. Marathon Asset Management LLP now owns 2,746,300 shares of the chip maker’s stock worth $126,776,000 after buying an additional 199,461 shares during the period. Finally, Walter & Keenan Financial Consulting Co. MI ADV lifted its holdings in Intel by 9.4% in the fourth quarter. Walter & Keenan Financial Consulting Co. MI ADV now owns 136,437 shares of the chip maker’s stock worth $6,298,000 after buying an additional 11,764 shares during the period. 67.02% of the stock is currently owned by institutional investors.

Intel Company Profile

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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