Intel President Unloads $598,317 in Stock (INTC)
Intel (NASDAQ:INTC) President Renee Jo James sold 22,578 shares of Intel stock on the open market in a transaction dated Friday, April 4th. The stock was sold at an average price of $26.50, for a total value of $598,317.00. Following the completion of the sale, the president now directly owns 55,912 shares of the company’s stock, valued at approximately $1,481,668. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
INTC has been the subject of a number of recent research reports. Analysts at Pacific Crest upgraded shares of Intel from a “sector perform” rating to an “outperform” rating in a research note on Monday. They now have a $31.00 price target on the stock. Separately, analysts at Piper Jaffray upgraded shares of Intel from a “neutral” rating to an “overweight” rating in a research note on Wednesday, April 2nd. They now have a $30.00 price target on the stock. Finally, analysts at Nomura reiterated a “neutral” rating on shares of Intel in a research note on Wednesday, April 2nd. Four investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $25.80.
Shares of Intel (NASDAQ:INTC) traded up 1.24% on Monday, hitting $26.485. 49,813,484 shares of the company’s stock traded hands. Intel has a 1-year low of $20.80 and a 1-year high of $27.12. The stock’s 50-day moving average is $25.05 and its 200-day moving average is $24.56. The company has a market cap of $131.7 billion and a P/E ratio of 13.84.
Intel (NASDAQ:INTC) last announced its 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 will post $1.86 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Sunday, June 1st. Investors of record on Wednesday, May 7th will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 3.40%.
Intel Corporation, incorporated in 1968, designs and manufactures integrated digital technology platforms.
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