Traders Buy Large Volume of Put Options on Intel Corp. (INTC)
Shares of Intel Corp. (NASDAQ:INTC) saw unusually large options trading activity on Friday. Stock investors acquired 148,859 put options on the stock, AR Network reports. This is an increase of approximately 321% compared to the average volume of 35,324 put options.
In other Intel Corp. news, VP David Perlmutter unloaded 103,555 shares of Intel Corp. stock on the open market in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $23.00, for a total transaction of $2,381,765.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on INTC. 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 equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and sixteen have given a buy rating to the stock. Intel Corp. has an average rating of “Hold” and a consensus price target of $24.29.
Shares of Intel Corp. (NASDAQ:INTC) traded up 3.58% on Friday, hitting $23.44. The stock had a trading volume of 61,134,772 shares. Intel Corp. has a 1-year low of $19.23 and a 1-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 released its earnings data 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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