Investors purchased shares of Intel Corporation (NASDAQ:INTC) on weakness during trading on Friday. $123.56 million flowed into the stock on the tick-up and $50.91 million flowed out of the stock on the tick-down, for a money net flow of $72.65 million into the stock. Of all stocks tracked, Intel Corporation had the 7th highest net in-flow for the day. Intel Corporation traded down ($0.35) for the day and closed at $35.19
Several research firms have recently commented on INTC. B. Riley reaffirmed a “buy” rating and issued a $46.00 target price on shares of Intel Corporation in a research report on Wednesday, August 2nd. Vetr cut shares of Intel Corporation from a “strong-buy” rating to a “buy” rating and set a $40.97 target price for the company. in a research report on Wednesday, August 2nd. BidaskClub raised shares of Intel Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. Goldman Sachs Group, Inc. (The) reaffirmed a “hold” rating on shares of Intel Corporation in a research report on Wednesday, August 9th. Finally, Sanford C. Bernstein set a $30.00 target price on shares of Intel Corporation and gave the stock a “sell” rating in a research report on Tuesday, August 15th. Six investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the stock. Intel Corporation has an average rating of “Hold” and an average target price of $40.55.
The firm’s 50-day moving average price is $35.41 and its 200-day moving average price is $35.52. The stock has a market cap of $165.36 billion, a price-to-earnings ratio of 13.43 and a beta of 1.02.
Intel Corporation (NASDAQ:INTC) last issued its earnings results on Thursday, July 27th. The chip maker reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.04. Intel Corporation had a return on equity of 21.86% and a net margin of 20.60%. The business had revenue of $14.76 billion during the quarter, compared to the consensus estimate of $14.39 billion. During the same period last year, the company earned $0.59 EPS. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, equities analysts expect that Intel Corporation will post $3.01 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Monday, August 7th were paid a $0.2725 dividend. This represents a $1.09 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date of this dividend was Thursday, August 3rd. Intel Corporation’s dividend payout ratio (DPR) is presently 41.76%.
In related news, insider Venkata S. M. Renduchintala sold 13,996 shares of the firm’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $35.47, for a total transaction of $496,438.12. Following the completion of the sale, the insider now directly owns 1,536 shares of the company’s stock, valued at approximately $54,481.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Brian M. Krzanich sold 72,173 shares of the firm’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $33.69, for a total value of $2,431,508.37. Following the sale, the chief executive officer now directly owns 534,746 shares of the company’s stock, valued at $18,015,592.74. The disclosure for this sale can be found here. Insiders sold a total of 91,921 shares of company stock valued at $3,130,162 over the last ninety days. Corporate insiders own 0.08% of the company’s stock.
Large investors have recently modified their holdings of the stock. Watermark Asset Management Inc. acquired a new stake in shares of Intel Corporation during the 1st quarter worth about $113,000. Acrospire Investment Management LLC increased its position in shares of Intel Corporation by 111.8% during the 2nd quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock worth $121,000 after purchasing an additional 1,900 shares during the last quarter. Orrstown Financial Services Inc. increased its position in shares of Intel Corporation by 96.6% during the 1st quarter. Orrstown Financial Services Inc. now owns 3,725 shares of the chip maker’s stock worth $134,000 after purchasing an additional 1,830 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its position in shares of Intel Corporation by 53.0% during the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,040 shares of the chip maker’s stock worth $146,000 after purchasing an additional 1,400 shares during the last quarter. Finally, Vigilant Capital Management LLC increased its position in shares of Intel Corporation by 22.6% during the 1st quarter. Vigilant Capital Management LLC now owns 4,373 shares of the chip maker’s stock worth $158,000 after purchasing an additional 805 shares during the last quarter. 67.09% of the stock is owned by hedge funds and other institutional investors.
Intel Corporation Company Profile
Intel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud. The Company’s segments are Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG).
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