Intel Corporation (NASDAQ:INTC) EVP Diane M. Bryant sold 2,119 shares of the stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $41.06, for a total transaction of $87,006.14. Following the sale, the executive vice president now owns 114,091 shares of the company’s stock, valued at $4,684,576.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Intel Corporation (NASDAQ:INTC) traded up $0.17 during mid-day trading on Tuesday, reaching $45.75. The company’s stock had a trading volume of 18,999,000 shares, compared to its average volume of 23,476,301. The company has a quick ratio of 1.27, a current ratio of 1.60 and a debt-to-equity ratio of 0.39. The firm has a market cap of $214,620.00, a price-to-earnings ratio of 14.33, a P/E/G ratio of 1.67 and a beta of 1.09. Intel Corporation has a 52 week low of $33.23 and a 52 week high of $47.30.
Intel Corporation (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.21. The company had revenue of $16.15 billion for the quarter, compared to analyst estimates of $15.73 billion. Intel Corporation had a return on equity of 22.65% and a net margin of 22.31%. Intel Corporation’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.80 EPS. equities analysts anticipate that Intel Corporation will post 3.25 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Tuesday, November 7th will be given a $0.2725 dividend. This represents a $1.09 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date is Monday, November 6th. Intel Corporation’s dividend payout ratio is currently 38.25%.
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INTC has been the subject of several recent analyst reports. Zacks Investment Research cut shares of Intel Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. Credit Suisse Group AG reiterated an “outperform” rating on shares of Intel Corporation in a research report on Thursday, August 31st. Stifel Nicolaus lifted their target price on shares of Intel Corporation from $41.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, October 20th. BidaskClub lowered shares of Intel Corporation from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. Finally, Vetr upgraded shares of Intel Corporation from a “buy” rating to a “strong-buy” rating and set a $44.36 price objective for the company in a report on Wednesday, October 11th. Five research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $43.28.
Several institutional investors and hedge funds have recently added to or reduced their stakes in INTC. Watermark Asset Management Inc. purchased a new position in shares of Intel Corporation in the 1st quarter valued at about $113,000. Financial Engines Advisors L.L.C. purchased a new position in shares of Intel Corporation in the 3rd quarter valued at about $119,000. Acrospire Investment Management LLC increased its holdings in shares of Intel Corporation by 111.8% in the 2nd quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock valued at $121,000 after acquiring an additional 1,900 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its holdings in shares of Intel Corporation by 53.0% in the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,040 shares of the chip maker’s stock valued at $146,000 after acquiring an additional 1,400 shares during the last quarter. Finally, JFS Wealth Advisors LLC increased its holdings in shares of Intel Corporation by 47.1% in the 3rd quarter. JFS Wealth Advisors LLC now owns 3,850 shares of the chip maker’s stock valued at $147,000 after acquiring an additional 1,233 shares during the last quarter. Institutional investors and hedge funds own 67.17% of the company’s stock.
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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