Intel Co. (NASDAQ:INTC) Director Frank D. Yeary sold 2,509 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $57.86, for a total transaction of $145,170.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of INTC opened at $56.02 on Friday. The stock’s 50-day simple moving average is $56.46 and its 200 day simple moving average is $50.35. The stock has a market capitalization of $252.52 billion, a price-to-earnings ratio of 12.23, a price-to-earnings-growth ratio of 1.68 and a beta of 0.91. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.85 and a current ratio of 1.20. Intel Co. has a 52-week low of $42.86 and a 52-week high of $59.59.
Intel (NASDAQ:INTC) last issued its earnings results on Thursday, October 24th. The chip maker reported $1.42 EPS for the quarter, topping the consensus estimate of $1.24 by $0.18. The business had revenue of $19.19 billion during the quarter, compared to the consensus estimate of $18.07 billion. Intel had a return on equity of 28.28% and a net margin of 27.46%. The firm’s revenue was up .1% compared to the same quarter last year. During the same quarter last year, the company earned $1.40 EPS. On average, research analysts forecast that Intel Co. will post 4.61 earnings per share for the current fiscal year.
Intel declared that its board has approved a share repurchase plan on Thursday, October 24th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the chip maker to purchase up to 8.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.
A number of research analysts have weighed in on the stock. Barclays boosted their target price on shares of Intel from $40.00 to $42.00 and gave the company an “underweight” rating in a research note on Friday, October 25th. KeyCorp restated a “hold” rating on shares of Intel in a research note on Friday, October 25th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $65.00 price target (up previously from $58.00) on shares of Intel in a report on Friday, October 25th. They noted that the move was a valuation call. Loop Capital set a $50.00 price target on shares of Intel and gave the stock a “hold” rating in a report on Friday, October 18th. Finally, Sanford C. Bernstein reiterated a “sell” rating and issued a $42.00 price objective on shares of Intel in a research note on Friday, October 25th. Nine investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $56.42.
A number of large investors have recently modified their holdings of INTC. Nuveen Asset Management LLC grew its position in Intel by 1,899.0% during the second quarter. Nuveen Asset Management LLC now owns 25,170,134 shares of the chip maker’s stock worth $1,204,894,000 after buying an additional 23,911,014 shares in the last quarter. Davis Selected Advisers boosted its position in shares of Intel by 806.0% during the 2nd quarter. Davis Selected Advisers now owns 7,473,706 shares of the chip maker’s stock valued at $357,766,000 after acquiring an additional 6,648,828 shares during the last quarter. Pictet Asset Management Ltd. boosted its position in shares of Intel by 214.8% during the 2nd quarter. Pictet Asset Management Ltd. now owns 9,620,463 shares of the chip maker’s stock valued at $460,532,000 after acquiring an additional 6,564,340 shares during the last quarter. Man Group plc grew its holdings in shares of Intel by 978.3% during the third quarter. Man Group plc now owns 5,306,135 shares of the chip maker’s stock worth $273,424,000 after purchasing an additional 4,814,051 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Intel by 762.8% during the third quarter. Assenagon Asset Management S.A. now owns 4,174,969 shares of the chip maker’s stock worth $215,136,000 after purchasing an additional 3,691,057 shares in the last quarter. 65.33% of the stock is owned by institutional investors.
Intel Company Profile
Intel Corporation offers computing, networking, data storage, and communication solutions worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments. The company offers microprocessors, and system-on-chip and multichip packaging products.
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