Intel Co. (NASDAQ:INTC) Director Frank D. Yeary sold 2,509 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $57.86, for a total value of $145,170.74. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
NASDAQ INTC traded down $0.05 during trading hours on Wednesday, hitting $56.02. The company had a trading volume of 18,881,154 shares, compared to its average volume of 22,150,439. Intel Co. has a 52 week low of $42.86 and a 52 week high of $59.59. The firm has a 50 day simple moving average of $56.31 and a 200 day simple moving average of $50.25. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.85 and a current ratio of 1.20. The firm has a market capitalization of $252.52 billion, a price-to-earnings ratio of 12.23, a PEG ratio of 1.68 and a beta of 0.91.
Intel (NASDAQ:INTC) last issued its earnings results on Thursday, October 24th. The chip maker reported $1.42 EPS for the quarter, topping the consensus estimate of $1.24 by $0.18. Intel had a return on equity of 28.28% and a net margin of 27.46%. The business had revenue of $19.19 billion during the quarter, compared to the consensus estimate of $18.07 billion. During the same quarter last year, the company earned $1.40 EPS. The firm’s revenue was up .1% compared to the same quarter last year. On average, research analysts forecast that Intel Co. will post 4.61 earnings per share for the current year.
Intel declared that its Board of Directors has approved a stock repurchase program on Thursday, October 24th that authorizes the company to repurchase $20.00 billion in shares. This repurchase authorization authorizes the chip maker to buy up to 8.7% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.
The business also recently announced a — dividend, which was paid on Sunday, December 1st. Shareholders of record on Thursday, November 7th were paid a $0.315 dividend. The ex-dividend date was Wednesday, November 6th. This represents a yield of 2.4%. Intel’s dividend payout ratio is currently 27.51%.
INTC has been the subject of several research analyst reports. Robert W. Baird raised their target price on Intel from $65.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. BidaskClub lowered Intel from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Wedbush raised their target price on Intel from $42.90 to $46.00 and gave the company an “underperform” rating in a research report on Friday, October 25th. BMO Capital Markets raised their target price on Intel from $50.00 to $53.00 and gave the company a “market perform” rating in a research report on Friday, October 25th. Finally, Bank of America lifted their price objective on Intel from $65.00 to $70.00 and gave the stock a “positive” rating in a report on Monday. They noted that the move was a valuation call. Nine investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Intel has an average rating of “Hold” and a consensus target price of $56.32.
A number of hedge funds and other institutional investors have recently modified their holdings of INTC. Beaton Management Co. Inc. boosted its position in shares of Intel by 0.8% during the 3rd quarter. Beaton Management Co. Inc. now owns 23,905 shares of the chip maker’s stock valued at $1,232,000 after acquiring an additional 190 shares during the last quarter. Lindbrook Capital LLC boosted its position in shares of Intel by 1.4% during the 3rd quarter. Lindbrook Capital LLC now owns 14,246 shares of the chip maker’s stock valued at $734,000 after acquiring an additional 193 shares during the last quarter. Empirical Finance LLC boosted its position in shares of Intel by 1.8% during the 3rd quarter. Empirical Finance LLC now owns 11,109 shares of the chip maker’s stock valued at $572,000 after acquiring an additional 195 shares during the last quarter. Grove Bank & Trust boosted its position in shares of Intel by 1.3% during the 3rd quarter. Grove Bank & Trust now owns 15,025 shares of the chip maker’s stock valued at $774,000 after acquiring an additional 199 shares during the last quarter. Finally, Delta Asset Management LLC TN boosted its position in shares of Intel by 0.9% during the 2nd quarter. Delta Asset Management LLC TN now owns 23,170 shares of the chip maker’s stock valued at $1,109,000 after acquiring an additional 200 shares during the last quarter. Institutional investors and hedge funds own 65.33% of the company’s stock.
Intel Corporation offers computing, networking, data storage, and communication solutions worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments. The company offers microprocessors, and system-on-chip and multichip packaging products.
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