Insider Selling: Intel Corp. CFO Sells 51,217 Shares of Stock (INTC)
Intel Corp. (NASDAQ:INTC) CFO Stacy J. Smith sold 51,217 shares of the company’s stock on the open market in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $24.81, for a total value of $1,270,693.77. Following the completion of the sale, the chief financial officer now directly owns 145,009 shares in the company, valued at approximately $3,597,673. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of Intel Corp. (NASDAQ:INTC) traded down 2.40% during mid-day trading on Monday, hitting $23.95. 52,928,168 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 $25.36 and its 200-day moving average is $23.88. The company has a market cap of $119.1 billion and a price-to-earnings ratio of 12.98.
Intel Corp. (NASDAQ:INTC) last posted its quarterly earnings results on Wednesday, January 15th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the 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 $1.85 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Saturday, March 1st. Investors 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 3.76%. The ex-dividend date 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, January 27th. Separately, analysts at TheStreet reiterated a “buy” rating on shares of Intel Corp. in a research note to investors on Monday, January 27th. 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 assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. Intel Corp. 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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