Investors Buy Intel (INTC) on Weakness

Investors bought shares of Intel Co. (NASDAQ:INTC) on weakness during trading on Friday. $301.32 million flowed into the stock on the tick-up and $181.22 million flowed out of the stock on the tick-down, for a money net flow of $120.10 million into the stock. Of all companies tracked, Intel had the 2nd highest net in-flow for the day. Intel traded down ($0.17) for the day and closed at $43.24

A number of research analysts recently weighed in on INTC shares. Zacks Investment Research raised shares of Intel from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a report on Friday, September 22nd. Canaccord Genuity raised their target price on shares of Intel from $41.00 to $45.00 and gave the company a “hold” rating in a report on Friday, November 17th. JPMorgan Chase & Co. set a $53.00 target price on shares of Intel and gave the company a “buy” rating in a report on Thursday, January 4th. Oppenheimer reissued a “hold” rating on shares of Intel in a report on Thursday, January 4th. Finally, Sanford C. Bernstein set a $34.00 target price on shares of Intel and gave the company a “sell” rating in a report on Wednesday. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $44.78.

The company has a market capitalization of $202,360.00, a P/E ratio of 15.17, a PEG ratio of 1.62 and a beta of 1.06. The company has a current ratio of 1.60, a quick ratio of 1.27 and a debt-to-equity ratio of 0.39.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.21. The firm had revenue of $16.15 billion during the quarter, compared to analyst estimates of $15.73 billion. Intel had a net margin of 22.31% and a return on equity of 22.65%. The business’s revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.80 earnings per share. sell-side analysts predict that Intel Co. will post 3.25 EPS for the current fiscal year.

In other news, EVP Diane M. Bryant sold 1,639 shares of the business’s stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $40.91, for a total transaction of $67,051.49. Following the completion of the sale, the executive vice president now directly owns 113,086 shares of the company’s stock, valued at $4,626,348.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Venkata S. M. Renduchintala sold 1,424 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $46.73, for a total transaction of $66,543.52. Following the sale, the insider now directly owns 1,536 shares of the company’s stock, valued at $71,777.28. The disclosure for this sale can be found here. Insiders have sold 1,487,054 shares of company stock valued at $65,800,132 over the last three months. Insiders own 0.08% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. KCS Wealth Advisory bought a new stake in shares of Intel in the fourth quarter valued at about $277,000. Pointe Capital Management LLC bought a new stake in shares of Intel in the fourth quarter valued at about $231,000. Hexavest Inc. raised its holdings in shares of Intel by 25.9% in the fourth quarter. Hexavest Inc. now owns 2,398,909 shares of the chip maker’s stock valued at $110,734,000 after acquiring an additional 493,396 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Intel by 2.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,952,671 shares of the chip maker’s stock valued at $90,128,000 after acquiring an additional 39,919 shares in the last quarter. Finally, Chelsea Counsel Co. raised its holdings in shares of Intel by 23.2% in the fourth quarter. Chelsea Counsel Co. now owns 30,525 shares of the chip maker’s stock valued at $1,409,000 after acquiring an additional 5,749 shares in the last quarter. Hedge funds and other institutional investors own 67.54% of the company’s stock.

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About Intel

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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