Traders Sell Intel (INTC) on Strength Following Insider Selling

Investors sold shares of Intel Co. (NASDAQ:INTC) on strength during trading on Tuesday after an insider sold shares in the company. $243.85 million flowed into the stock on the tick-up and $411.72 million flowed out of the stock on the tick-down, for a money net flow of $167.87 million out of the stock. Of all companies tracked, Intel had the 0th highest net out-flow for the day. Intel traded up $2.36 for the day and closed at $47.76Specifically, EVP Steven Ralph Rodgers sold 2,235 shares of Intel stock in a transaction on Friday, October 26th. The stock was sold at an average price of $45.66, for a total value of $102,050.10. Following the transaction, the executive vice president now owns 30,324 shares in the company, valued at $1,384,593.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 3,498 shares of company stock worth $163,118 in the last quarter. 0.03% of the stock is owned by insiders.

A number of research analysts recently weighed in on INTC shares. Credit Suisse Group reduced their target price on Intel from $65.00 to $58.00 and set a “buy” rating on the stock in a report on Friday, July 27th. B. Riley reduced their target price on Intel from $65.00 to $63.00 and set a “buy” rating on the stock in a report on Friday, July 27th. Needham & Company LLC reiterated a “buy” rating and issued a $60.00 target price on shares of Intel in a report on Friday, July 27th. Robert W. Baird set a $64.00 price objective on Intel and gave the company a “buy” rating in a research report on Thursday, July 12th. Finally, UBS Group raised Intel from a “hold” rating to a “buy” rating in a research report on Tuesday, July 31st. Six equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-two have assigned a buy rating to the company. Intel presently has an average rating of “Hold” and a consensus price target of $55.33.

The stock has a market capitalization of $213.75 billion, a PE ratio of 13.80, a PEG ratio of 1.20 and a beta of 0.97. The company has a quick ratio of 1.13, a current ratio of 1.51 and a debt-to-equity ratio of 0.35.



Intel (NASDAQ:INTC) last announced its earnings results on Thursday, October 25th. The chip maker reported $1.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.25. Intel had a return on equity of 29.64% and a net margin of 21.91%. The business had revenue of $19.16 billion for the quarter, compared to analyst estimates of $18.11 billion. Analysts predict that Intel Co. will post 4.53 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Saturday, December 1st. Stockholders of record on Wednesday, November 7th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date is Tuesday, November 6th. Intel’s payout ratio is 34.68%.

Several hedge funds and other institutional investors have recently made changes to their positions in INTC. Elmwood Wealth Management Inc. bought a new stake in Intel in the first quarter valued at about $110,000. Quad Cities Investment Group LLC bought a new stake in Intel in the second quarter valued at about $107,000. Financial Gravity Wealth Inc. bought a new stake in Intel in the first quarter valued at about $120,000. Harel Insurance Investments & Financial Services Ltd. increased its holdings in Intel by 375.2% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,533 shares of the chip maker’s stock valued at $120,000 after buying an additional 2,000 shares during the last quarter. Finally, Ironwood Financial llc increased its holdings in Intel by 429.0% in the third quarter. Ironwood Financial llc now owns 2,645 shares of the chip maker’s stock valued at $125,000 after buying an additional 2,145 shares during the last quarter. 65.40% of the stock is currently owned by institutional investors and hedge funds.

Intel Company Profile (NASDAQ:INTC)

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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