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

Traders sold shares of Intel Co. (NASDAQ:INTC) on strength during trading on Friday. $129.14 million flowed into the stock on the tick-up and $277.95 million flowed out of the stock on the tick-down, for a money net flow of $148.81 million out of the stock. Of all equities tracked, Intel had the 9th highest net out-flow for the day. Intel traded up $0.62 for the day and closed at $51.37

A number of equities analysts have recently commented on the company. KeyCorp reaffirmed an “overweight” rating and issued a $60.00 price target (down from $65.00) on shares of Intel in a report on Thursday. BidaskClub lowered Intel from a “buy” rating to a “hold” rating in a report on Thursday, June 28th. Goldman Sachs Group reaffirmed a “neutral” rating and issued a $53.00 price target on shares of Intel in a report on Wednesday, June 27th. Zacks Investment Research raised Intel from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a report on Wednesday, June 27th. Finally, ValuEngine lowered Intel from a “buy” rating to a “hold” rating in a report on Tuesday, June 26th. Four investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and twenty-seven have assigned a buy rating to the stock. Intel currently has an average rating of “Hold” and a consensus target price of $55.48.

The firm has a market capitalization of $231.53 billion, a P/E ratio of 14.58, a PEG ratio of 1.47 and a beta of 0.97. 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 released its quarterly earnings data on Thursday, April 26th. The chip maker reported $0.87 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.15. The firm had revenue of $16.10 billion for the quarter, compared to the consensus estimate of $15.08 billion. Intel had a return on equity of 25.41% and a net margin of 17.32%. The company’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.66 earnings per share. analysts expect that Intel Co. will post 4 earnings per share for the current fiscal year.

In related news, CEO Brian M. Krzanich sold 6,746 shares of the firm’s stock in a transaction dated Thursday, April 26th. The stock was sold at an average price of $52.52, for a total value of $354,299.92. Following the sale, the chief executive officer now directly owns 264,084 shares of the company’s stock, valued at $13,869,691.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Navin Shenoy sold 1,265 shares of the firm’s stock in a transaction dated Thursday, April 26th. The stock was sold at an average price of $52.47, for a total value of $66,374.55. Following the completion of the sale, the executive vice president now directly owns 32,022 shares in the company, valued at $1,680,194.34. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,192 shares of company stock worth $693,559. Company insiders own 0.03% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of INTC. Dimensional Fund Advisors LP boosted its position in Intel by 0.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 50,906,186 shares of the chip maker’s stock valued at $2,651,194,000 after acquiring an additional 295,380 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in Intel by 1.4% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 25,922,946 shares of the chip maker’s stock valued at $1,196,451,000 after acquiring an additional 359,143 shares in the last quarter. LSV Asset Management boosted its position in Intel by 2.0% during the 1st quarter. LSV Asset Management now owns 24,760,162 shares of the chip maker’s stock valued at $1,289,509,000 after acquiring an additional 482,570 shares in the last quarter. Alliancebernstein L.P. boosted its position in Intel by 14.7% during the 4th quarter. Alliancebernstein L.P. now owns 24,187,824 shares of the chip maker’s stock valued at $1,116,510,000 after acquiring an additional 3,095,697 shares in the last quarter. Finally, TIAA CREF Investment Management LLC boosted its position in shares of Intel by 47.8% in the 4th quarter. TIAA CREF Investment Management LLC now owns 23,711,209 shares of the chip maker’s stock worth $1,094,509,000 after purchasing an additional 7,669,737 shares in the last quarter. 66.90% of the stock is currently owned by institutional investors.

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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