Insider Selling: Intel Director Sells 18,570 Shares of Stock (INTC)
Intel (NASDAQ:INTC) Director Reed E. Hundt unloaded 18,570 shares of the company’s stock on the open market in a transaction that occurred on Thursday, April 17th. The stock was sold at an average price of $26.99, for a total transaction of $501,204.30. Following the completion of the sale, the director now directly owns 65,518 shares in the company, valued at approximately $1,768,331. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Intel in a research note on Thursday. They now have a $28.00 price target on the stock. Separately, analysts at Susquehanna reiterated a “neutral” rating on shares of Intel in a research note on Wednesday. They now have a $23.00 price target on the stock. Finally, analysts at MKM Partners reiterated a “neutral” rating on shares of Intel in a research note on Wednesday. They now have a $27.00 price target on the stock. Five equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $26.56.
Shares of Intel (NASDAQ:INTC) traded up 0.41% during mid-day trading on Friday, hitting $27.04. 38,112,608 shares of the company’s stock traded hands. Intel has a 52-week low of $21.89 and a 52-week high of $27.24. The stock has a 50-day moving average of $25.51 and a 200-day moving average of $24.73. The company has a market cap of $134.4 billion and a P/E ratio of 14.25.
Intel (NASDAQ:INTC) last released its earnings data on Tuesday, April 15th. The company reported $0.38 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.37 by $0.01. The company had revenue of $12.80 billion for the quarter, compared to the consensus estimate of $12.81 billion. During the same quarter in the prior year, the company posted $0.40 earnings per share. The company’s quarterly revenue was up 1.5% on a year-over-year basis. Analysts expect that Intel will post $1.89 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Sunday, June 1st. Investors of record on Wednesday, May 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 3.33%.
Intel Corporation, incorporated in 1968, designs and manufactures integrated digital technology platforms.
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