Intel Corp. Target of Unusually High Options Trading (INTC)
Shares of Intel Corp. (NASDAQ:INTC) was the target of unusually large options trading on Monday. Stock traders acquired 139,625 call options on the company, ARN reports. This represents an increase of approximately 104% compared to the typical daily volume of 68,436 call options.
In other Intel Corp. news, VP William Holt unloaded 26,000 shares of the stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $26.50, for a total transaction of $689,000.00. Following the transaction, the vice president now directly owns 23,325 shares in the company, valued at approximately $618,113. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Intel Corp. in a research note to investors on Friday. They now have a $28.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Intel Corp. in a research note to investors on Friday. They now have a $28.00 price target on the stock. Finally, analysts at MKM Partners raised their price target on shares of Intel Corp. from $25.00 to $26.00 in a research note to investors on Friday. They now have a “neutral” rating on the stock. Three investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $25.79.
Intel Corp. (NASDAQ:INTC) opened at 25.85 on Tuesday. Intel Corp. has a one year low of $20.10 and a one year high of $27.12. The stock’s 50-day moving average is $25.15 and its 200-day moving average is $23.79. The company has a market cap of $128.5 billion and a price-to-earnings ratio of 14.04.
Intel Corp. (NASDAQ:INTC) last posted its quarterly earnings results on Wednesday, January 15th. The company reported $0.51 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.52 by $0.01. The company had revenue of $13.80 billion for the quarter, compared to the consensus estimate of $13.72 billion. During the same quarter in the prior year, the company posted $0.48 earnings per share. The company’s quarterly revenue was up 2.6% on a year-over-year basis. On average, analysts predict that Intel Corp. will post $1.88 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.