Intel Co. (INTC) CEO Purchases $247,151.10 in Stock

Intel Co. (NASDAQ:INTC) CEO Robert Holmes Swan purchased 5,117 shares of the stock in a transaction on Thursday, November 29th. The stock was bought at an average price of $48.30 per share, for a total transaction of $247,151.10. Following the completion of the transaction, the chief executive officer now directly owns 131,839 shares of the company’s stock, valued at $6,367,823.70. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Intel stock opened at $47.75 on Thursday. The stock has a market capitalization of $223.39 billion, a P/E ratio of 13.80, a PEG ratio of 1.25 and a beta of 0.91. Intel Co. has a 12-month low of $42.04 and a 12-month high of $57.60. The company has a current ratio of 1.51, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, October 25th. The chip maker reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.25. The business had revenue of $19.16 billion for the quarter, compared to analysts’ expectations of $18.11 billion. Intel had a return on equity of 29.64% and a net margin of 21.91%. As a group, equities analysts predict that Intel Co. will post 4.53 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Saturday, December 1st. Investors of record on Wednesday, November 7th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.51%. The ex-dividend date was Tuesday, November 6th. Intel’s dividend payout ratio is 34.68%.

Intel declared that its board has initiated a stock repurchase plan on Thursday, November 15th that permits the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization permits the chip maker to reacquire up to 6.8% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

A number of institutional investors have recently bought and sold shares of INTC. Belpointe Asset Management LLC lifted its stake in Intel by 27.9% in the third quarter. Belpointe Asset Management LLC now owns 28,542 shares of the chip maker’s stock valued at $1,350,000 after buying an additional 6,225 shares during the period. Vanguard Group Inc. lifted its stake in Intel by 0.8% in the third quarter. Vanguard Group Inc. now owns 358,346,977 shares of the chip maker’s stock valued at $16,946,229,000 after buying an additional 2,892,357 shares during the period. Dodge & Cox acquired a new position in Intel in the third quarter valued at about $236,000. WealthPLAN Partners LLC lifted its stake in Intel by 3.4% in the third quarter. WealthPLAN Partners LLC now owns 118,285 shares of the chip maker’s stock valued at $5,605,000 after buying an additional 3,940 shares during the period. Finally, Lombard Odier Asset Management USA Corp acquired a new position in Intel in the third quarter valued at about $497,000. Institutional investors and hedge funds own 64.42% of the company’s stock.

Several brokerages have recently commented on INTC. BNP Paribas set a $53.00 target price on Intel and gave the stock a “neutral” rating in a report on Tuesday. Northland Securities cut Intel from a “market perform” rating to an “under perform” rating in a report on Tuesday. ValuEngine upgraded Intel from a “sell” rating to a “hold” rating in a report on Saturday, December 1st. DZ Bank cut Intel from a “buy” rating to a “hold” rating and set a $50.00 target price on the stock. in a report on Thursday, November 29th. Finally, UBS Group cut Intel from a “buy” rating to a “hold” rating in a report on Thursday, November 29th. Six equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nineteen have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $55.60.

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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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Insider Buying and Selling by Quarter for Intel (NASDAQ:INTC)

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