Intel Co. (INTC) EVP Sells $61,774.32 in Stock

Intel Co. (NASDAQ:INTC) EVP Navin Shenoy sold 1,311 shares of the business’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $47.12, for a total value of $61,774.32. Following the completion of the sale, the executive vice president now directly owns 20,427 shares of the company’s stock, valued at approximately $962,520.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Navin Shenoy also recently made the following trade(s):

  • On Tuesday, January 30th, Navin Shenoy sold 716 shares of Intel stock. The stock was sold at an average price of $49.25, for a total value of $35,263.00.
  • On Friday, January 26th, Navin Shenoy sold 1,643 shares of Intel stock. The stock was sold at an average price of $49.28, for a total value of $80,967.04.
  • On Wednesday, January 24th, Navin Shenoy sold 2,155 shares of Intel stock. The stock was sold at an average price of $45.63, for a total value of $98,332.65.

Shares of Intel Co. (NASDAQ INTC) traded up $0.92 during mid-day trading on Thursday, reaching $45.38. 19,920,500 shares of the company’s stock traded hands, compared to its average volume of 39,784,313. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.69 and a quick ratio of 1.29. The firm has a market capitalization of $213,550.00, a P/E ratio of 22.92, a PEG ratio of 1.51 and a beta of 1.07. Intel Co. has a 1 year low of $33.23 and a 1 year high of $50.85.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, January 25th. The chip maker reported $1.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.22. The firm had revenue of $17.05 billion during the quarter, compared to the consensus estimate of $16.34 billion. Intel had a net margin of 15.30% and a return on equity of 24.33%. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period last year, the business posted $0.79 earnings per share. research analysts forecast that Intel Co. will post 3.51 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Wednesday, February 7th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, February 6th. This is an increase from Intel’s previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a yield of 2.64%. Intel’s dividend payout ratio (DPR) is 60.61%.

INTC has been the subject of several research analyst reports. Canaccord Genuity boosted their price objective on Intel from $41.00 to $45.00 and gave the stock a “hold” rating in a research report on Friday, November 17th. JPMorgan Chase & Co. set a $53.00 price target on Intel and gave the company a “buy” rating in a research note on Thursday, January 4th. Oppenheimer restated a “hold” rating on shares of Intel in a research note on Thursday, January 4th. Stifel Nicolaus upped their price objective on Intel from $50.00 to $53.00 and gave the company a “buy” rating in a research note on Friday, January 26th. Finally, Robert W. Baird set a $60.00 price objective on Intel and gave the company a “buy” rating in a research note on Friday, January 26th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirty have given a buy rating to the stock. Intel has a consensus rating of “Buy” and a consensus price target of $49.33.

A number of hedge funds have recently modified their holdings of INTC. Jackson Grant Investment Advisers Inc. raised its position in shares of Intel by 0.4% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 7,785 shares of the chip maker’s stock valued at $263,000 after buying an additional 29 shares in the last quarter. Paradigm Financial Advisors LLC increased its stake in Intel by 0.3% in the second quarter. Paradigm Financial Advisors LLC now owns 26,264 shares of the chip maker’s stock valued at $886,000 after acquiring an additional 67 shares during the last quarter. Bank of Stockton increased its stake in Intel by 0.4% in the second quarter. Bank of Stockton now owns 16,321 shares of the chip maker’s stock valued at $550,000 after acquiring an additional 72 shares during the last quarter. Marathon Capital Management increased its stake in Intel by 0.7% in the second quarter. Marathon Capital Management now owns 10,986 shares of the chip maker’s stock valued at $371,000 after acquiring an additional 80 shares during the last quarter. Finally, Sonata Capital Group Inc. increased its stake in Intel by 0.9% in the second quarter. Sonata Capital Group Inc. now owns 11,846 shares of the chip maker’s stock valued at $400,000 after acquiring an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 67.48% 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).

Insider Buying and Selling by Quarter for Intel (NASDAQ:INTC)

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