Traders Sell Shares of Intel (INTC) on Strength (INTC)

Traders sold shares of Intel (NASDAQ:INTC) on strength during trading on Wednesday. $139.66 million flowed into the stock on the tick-up and $219.25 million flowed out of the stock on the tick-down, for a money net flow of $79.59 million out of the stock. Of all companies tracked, Intel had the 11th highest net out-flow for the day. Intel traded up $0.76 for the day and closed at $55.21

Several equities research analysts recently issued reports on the company. BNP Paribas reiterated a “neutral” rating and issued a $54.00 price objective on shares of Intel in a report on Monday, May 14th. ValuEngine cut Intel from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 2nd. Macquarie reiterated a “buy” rating and issued a $64.00 price objective on shares of Intel in a report on Friday, May 18th. Morningstar set a $62.00 price objective on Intel and gave the stock a “buy” rating in a report on Wednesday, May 2nd. Finally, Stifel Nicolaus lifted their price objective on Intel from $53.00 to $57.00 and gave the stock a “hold” rating in a report on Friday, April 27th. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $55.43.

The stock has a market cap of $254.13 billion, a PE ratio of 15.96, a P/E/G ratio of 1.68 and a beta of 0.94. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.58 and a quick ratio of 1.23.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, April 26th. The chip maker reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.15. The company had revenue of $16.10 billion for the quarter, compared to analyst estimates of $15.08 billion. Intel had a return on equity of 25.41% and a net margin of 17.32%. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.66 earnings per share. analysts anticipate that Intel will post 3.84 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Monday, May 7th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date is Friday, May 4th. Intel’s payout ratio is 34.68%.

In other Intel news, CEO Brian M. Krzanich sold 74,456 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $48.67, for a total value of $3,623,773.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brian M. Krzanich sold 3,072 shares of the business’s stock in a transaction on Wednesday, May 2nd. The stock was sold at an average price of $52.78, for a total transaction of $162,140.16. Following the completion of the transaction, the chief executive officer now owns 259,683 shares of the company’s stock, valued at approximately $13,706,068.74. The disclosure for this sale can be found here. In the last three months, insiders sold 96,615 shares of company stock worth $4,753,757. 0.03% of the stock is owned by corporate insiders.

Several large investors have recently bought and sold shares of INTC. Capital International Investors acquired a new position in shares of Intel during the third quarter worth $339,563,000. TIAA CREF Investment Management LLC grew its stake in shares of Intel by 47.8% during the fourth quarter. TIAA CREF Investment Management LLC now owns 23,711,209 shares of the chip maker’s stock worth $1,094,509,000 after purchasing an additional 7,669,737 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Intel by 3,222.2% during the fourth quarter. Renaissance Technologies LLC now owns 3,441,594 shares of the chip maker’s stock worth $158,864,000 after purchasing an additional 3,338,000 shares in the last quarter. Commerzbank Aktiengesellschaft FI grew its stake in shares of Intel by 923.6% during the third quarter. Commerzbank Aktiengesellschaft FI now owns 3,450,834 shares of the chip maker’s stock worth $131,408,000 after purchasing an additional 3,113,693 shares in the last quarter. Finally, Platinum Investment Management Ltd. grew its stake in shares of Intel by 192.0% during the first quarter. Platinum Investment Management Ltd. now owns 4,712,431 shares of the chip maker’s stock worth $245,423,000 after purchasing an additional 3,098,600 shares in the last quarter. Institutional investors and hedge funds own 67.02% of the company’s stock.

About Intel

Intel Corporation designs, manufactures, and sells computer, networking, data storage, and communication platforms worldwide. The company operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments.

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