Intel Corp. VP Arvind Sodhani Sells 78,163 Shares (INTC)
Intel Corp. (NASDAQ:INTC) VP Arvind Sodhani sold 78,163 shares of the company’s stock on the open market in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $24.93, for a total value of $1,948,603.59. Following the completion of the sale, the vice president now directly owns 100,000 shares of the company’s stock, valued at approximately $2,493,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Intel Corp. (NASDAQ:INTC) traded up 0.24% during mid-day trading on Thursday, hitting $24.74. 24,613,370 shares of the company’s stock traded hands. Intel Corp. has a 52 week low of $20.10 and a 52 week high of $27.12. The stock’s 50-day moving average is $25.37 and its 200-day moving average is $23.86. The company has a market cap of $123.0 billion and a P/E ratio of 13.06.
Intel Corp. (NASDAQ:INTC) last posted its quarterly earnings results on Wednesday, January 15th. The company reported $0.51 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.48 earnings per share. Intel Corp.’s revenue was up 2.6% compared to the same quarter last year. On average, analysts predict that Intel Corp. will post $1.85 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Saturday, March 1st. Stockholders of record on Friday, February 7th will be given a dividend of 0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date of this dividend is Wednesday, February 5th.
Several analysts have recently commented on the stock. 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 equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $25.65.
Intel Corporation designs and manufactures integrated digital technology platforms. A platform consists of a microprocessor and chipset.
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