Traders Buy Intel (INTC) on Weakness

Traders purchased shares of Intel Co. (NASDAQ:INTC) on weakness during trading on Friday. $335.93 million flowed into the stock on the tick-up and $171.33 million flowed out of the stock on the tick-down, for a money net flow of $164.60 million into the stock. Of all equities tracked, Intel had the 6th highest net in-flow for the day. Intel traded down ($2.13) for the day and closed at $46.24

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

The company has a market cap of $223.39 billion, a PE ratio of 13.36, a PEG ratio of 1.25 and a beta of 0.91. 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 issued its earnings results on Thursday, October 25th. The chip maker reported $1.40 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.25. Intel had a net margin of 21.91% and a return on equity of 29.64%. The business had revenue of $19.16 billion during the quarter, compared to the consensus estimate of $18.11 billion. Equities research analysts expect that Intel Co. will post 4.53 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Saturday, December 1st. Investors of record on Wednesday, November 7th were paid a $0.30 dividend. The ex-dividend date was Tuesday, November 6th. This represents a $1.20 annualized dividend and a yield of 2.60%. Intel’s dividend payout ratio (DPR) is currently 34.68%.

Intel announced that its Board of Directors has initiated a stock buyback plan on Thursday, November 15th that permits the company to repurchase $15.00 billion in shares. This repurchase authorization permits the chip maker to purchase up to 6.8% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

In related news, EVP Steven Ralph Rodgers sold 2,235 shares of the firm’s stock in a transaction dated Friday, October 26th. The shares were sold at an average price of $45.66, for a total value of $102,050.10. Following the completion of the sale, the executive vice president now directly owns 30,324 shares in the company, valued at approximately $1,384,593.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Kevin Thomas Mcbride sold 6,500 shares of the firm’s stock in a transaction dated Tuesday, October 30th. The shares were sold at an average price of $45.53, for a total transaction of $295,945.00. Following the completion of the sale, the vice president now owns 14,271 shares of the company’s stock, valued at $649,758.63. The disclosure for this sale can be found here. Insiders sold a total of 13,257 shares of company stock valued at $624,095 over the last quarter. 0.03% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the business. Midwest Professional Planners LTD. increased its holdings in shares of Intel by 10.7% during the first quarter. Midwest Professional Planners LTD. now owns 10,028 shares of the chip maker’s stock worth $522,000 after purchasing an additional 966 shares during the period. Kingfisher Capital LLC increased its holdings in shares of Intel by 9.6% during the first quarter. Kingfisher Capital LLC now owns 11,090 shares of the chip maker’s stock worth $578,000 after purchasing an additional 967 shares during the period. Fiduciary Group LLC increased its holdings in shares of Intel by 2.9% during the first quarter. Fiduciary Group LLC now owns 34,165 shares of the chip maker’s stock worth $1,779,000 after purchasing an additional 969 shares during the period. WealthTrust Fairport LLC increased its holdings in shares of Intel by 2.9% during the first quarter. WealthTrust Fairport LLC now owns 34,782 shares of the chip maker’s stock worth $1,811,000 after purchasing an additional 971 shares during the period. Finally, Wells Trecaso Financial Group LLC increased its holdings in shares of Intel by 22.0% during the second quarter. Wells Trecaso Financial Group LLC now owns 5,552 shares of the chip maker’s stock worth $276,000 after purchasing an additional 1,000 shares during the period. Hedge funds and other institutional investors own 64.42% of the company’s stock.

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Intel Company Profile (NASDAQ:INTC)

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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