Traders Purchase High Volume of Put Options on Intel Corp. (INTC)
Shares of Intel Corp. (NASDAQ:INTC) saw unusually large options trading activity on Thursday. Stock traders purchased 56,543 put options on the company, Stock Ratings Network.com reports. This represents an increase of approximately 135% compared to the typical volume of 24,058 put options.
In other Intel Corp. news, President Renee Jo James sold 22,577 shares of the stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $26.00, for a total value of $587,002.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.
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 issued a strong buy rating to the stock. Intel Corp. currently has a consensus rating of “Hold” and a consensus price target of $24.66.
Shares of 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 has a 50-day moving average of $24.62 and a 200-day moving average of $23.66. The company has a market cap of $128.2 billion and a price-to-earnings ratio of 14.04.
Intel Corp. (NASDAQ:INTC) last issued its quarterly earnings data on Tuesday, October 15th. The company reported $0.58 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.58 earnings per share. The company’s quarterly revenue 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.
Intel Corporation designs and manufactures integrated digital technology platforms. A platform consists of a microprocessor and chipset.
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