Traders Buy Shares of Intel (INTC) on Weakness

Investors bought shares of Intel Co. (NASDAQ:INTC) on weakness during trading hours on Friday. $247.95 million flowed into the stock on the tick-up and $164.07 million flowed out of the stock on the tick-down, for a money net flow of $83.88 million into the stock. Of all equities tracked, Intel had the 3rd highest net in-flow for the day. Intel traded down ($0.86) for the day and closed at $51.86

A number of equities analysts have recently commented on INTC shares. Argus reaffirmed a “buy” rating and set a $50.00 target price on shares of Intel in a research report on Friday, January 5th. Nomura reissued a “buy” rating and set a $50.00 price objective on shares of Intel in a report on Thursday, January 4th. B. Riley reissued a “buy” rating and set a $53.00 price objective on shares of Intel in a report on Thursday, January 4th. JPMorgan Chase set a $53.00 price objective on shares of Intel and gave the company a “buy” rating in a report on Thursday, January 4th. Finally, Vetr lowered shares of Intel from a “strong-buy” rating to a “buy” rating and set a $48.80 price objective on the stock. in a report on Tuesday, January 2nd. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty-six have given a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $50.87.

The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.29 and a current ratio of 1.69. The company has a market capitalization of $239,061.98, a P/E ratio of 14.99, a price-to-earnings-growth ratio of 1.71 and a beta of 0.95.



Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, January 25th. The chip maker reported $1.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.22. The business 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 in the previous year, the firm posted $0.79 earnings per share. research analysts expect that Intel Co. will post 3.54 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Monday, May 7th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, May 4th. This represents a $1.20 dividend on an annualized basis and a yield of 2.31%. Intel’s dividend payout ratio is presently 34.68%.

In related news, EVP Navin Shenoy sold 8,967 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 transaction of $436,423.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Brian M. Krzanich sold 8,659 shares of the business’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $49.40, for a total transaction of $427,754.60. Following the transaction, the chief executive officer now owns 263,382 shares of the company’s stock, valued at $13,011,070.80. The disclosure for this sale can be found here. Insiders have sold 123,914 shares of company stock valued at $6,011,490 over the last 90 days. 0.08% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Goodman Financial Corp acquired a new position in Intel during the fourth quarter worth about $102,000. Virtue Capital Management LLC acquired a new position in Intel during the fourth quarter worth about $109,000. Financial Engines Advisors L.L.C. acquired a new position in Intel in the 3rd quarter valued at about $119,000. Acrospire Investment Management LLC boosted its holdings in Intel 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 purchasing an additional 1,900 shares during the last quarter. Finally, Delphi Private Advisors LLC boosted its holdings in Intel by 286.1% in the 4th quarter. Delphi Private Advisors LLC now owns 2,911 shares of the chip maker’s stock valued at $134,000 after purchasing an additional 2,157 shares during the last quarter. 69.16% of the stock is owned by institutional investors.

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Intel 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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