Intel Corp. President Sells $587,002 in Stock (INTC)
Intel Corp. (NASDAQ:INTC) President Renee Jo James sold 22,577 shares of Intel Corp. stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $26.00, for a total value of $587,002.00. Following the transaction, the president now directly owns 54,842 shares of the company’s stock, valued at approximately $1,425,892. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Intel Corp. (NASDAQ:INTC) traded down 0.64% on Thursday, hitting $25.79. 31,843,048 shares of the company’s stock traded hands. Intel Corp. has a 52-week low of $20.10 and a 52-week high of $26.04. The stock’s 50-day moving average is $24.62 and its 200-day moving average is $23.66. The company has a market cap of $128.2 billion and a price-to-earnings ratio of 14.04. Intel Corp. also was the target of unusually large options trading activity on Thursday. Traders bought 56,543 put options on the company. This is an increase of 135% compared to the typical daily volume of 24,058 put options.
Intel Corp. (NASDAQ:INTC) last issued its quarterly earnings data on Tuesday, October 15th. The company reported $0.58 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.54 by $0.04. The company had revenue of $13.48 billion for the quarter, compared to the consensus estimate of $13.47 billion. During the same quarter in the previous year, the company posted $0.58 earnings per share. The company’s revenue for the quarter was up .2% on a year-over-year basis. On average, analysts predict that Intel Corp. will post $1.90 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on INTC shares. Analysts at Sterne Agee reiterated a “neutral” rating on shares of Intel Corp. in a research note to investors on Thursday. They now have a $25.95 price target on the stock, up previously from $20.00. Separately, analysts at Wells Fargo & Co. reiterated a “top pick” rating on shares of Intel Corp. in a research note to investors on Thursday. Finally, analysts at TheStreet reiterated a “buy” rating on shares of Intel Corp. in a research note to investors on Friday, December 20th. Four investment analysts have rated the stock with a sell rating, twenty have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $24.66.
Intel Corporation designs and manufactures integrated digital technology platforms. A platform consists of a microprocessor and chipset.
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