Investors Purchase Large Volume of Intel Corp. Call Options (INTC)
Shares of Intel Corp. (NASDAQ:INTC) saw unusually large options trading activity on Friday. Traders purchased 88,118 call options on the stock, StockRatingsNetwork.com reports. This represents an increase of 109% compared to the average volume of 42,186 call options.
In other Intel Corp. news, VP David Perlmutter unloaded 103,555 shares of the company’s stock on the open market in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $23.00, for a total transaction of $2,381,765.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Jefferies Group upgraded shares of Intel Corp. (NASDAQ:INTC) from a “hold” rating to a “buy” rating in a research note to investors on Friday. They now have a $30.00 price target on the stock, up previously from $27.00. Separately, analysts at ISI Group reiterated a “buy” rating on shares of Intel Corp. (NASDAQ:INTC) in a research note to investors on Thursday. Finally, analysts at TheStreet reiterated a “buy” rating on shares of Intel Corp. (NASDAQ:INTC) in a research note to investors on Tuesday, September 3rd.
Six analysts have rated the stock with a sell rating, fourteen have given a hold rating and sixteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $24.29.
Intel Corp. (NASDAQ:INTC) traded up 3.58% during mid-day trading on Friday, hitting $23.44. The stock had a trading volume of 61,128,368 shares. Intel Corp. has a one year low of $19.23 and a one year high of $25.98. The stock’s 50-day moving average is $22.61 and its 200-day moving average is $22.96. The company has a market cap of $116.8 billion and a P/E ratio of 12.23.
Intel Corp. (NASDAQ:INTC) last posted its quarterly earnings results on Wednesday, July 17th. The company reported $0.39 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.39. The company had revenue of $12.80 billion for the quarter, compared to the consensus estimate of $12.89 billion. During the same quarter last year, the company posted $0.54 earnings per share. Intel Corp.’s revenue was down 5.1% compared to the same quarter last year. On average, analysts predict that Intel Corp. will post $1.87 earnings per share for the current fiscal year.
Intel Corporation designs and manufactures integrated digital technology platforms. A platform consists of a microprocessor and chipset.
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