Insider Selling: William M. Holt Unloads 65,000 Shares of Intel Corp. Stock (INTC)
Intel Corp. (NASDAQ:INTC) VP William M. Holt unloaded 65,000 shares of Intel Corp. stock on the open market in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $25.01, for a total value of $1,625,650.00. Following the completion of the sale, the vice president now directly owns 27,893 shares of the company’s stock, valued at approximately $697,604. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Intel Corp. (NASDAQ:INTC) traded down 0.36% on Monday, hitting $24.72. The stock had a trading volume of 32,569,798 shares. Intel Corp. has a one year low of $20.10 and a one year high of $27.12. The stock has a 50-day moving average of $25.37 and a 200-day moving average of $23.83. The company has a market cap of $122.9 billion and a P/E ratio of 13.13.
Intel Corp. (NASDAQ:INTC) last released its earnings data 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 previous year, the company posted $0.48 earnings per share. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, analysts predict that Intel Corp. will post $1.86 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Saturday, March 1st. Stockholders of record on Friday, February 7th will be paid a dividend of 0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 3.64%. The ex-dividend date is Wednesday, February 5th.
INTC has been the subject of a number of recent research reports. Analysts at Ned Davis Research upgraded shares of Intel Corp. from a “neutral” rating to a “buy” rating in a research note to investors on Monday. Separately, analysts at TheStreet reiterated a “buy” rating on shares of Intel Corp. in a research note to investors on Monday. Finally, analysts at Drexel Hamilton downgraded shares of Intel Corp. from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, January 22nd. They now have a $26.00 price target on the stock, down previously from $30.00. Three investment analysts have rated the stock with a sell rating, eighteen have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $25.65.
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.