Intel VP William M. Holt Unloads 195,546 Shares (INTC)
Intel (NASDAQ:INTC) VP William M. Holt sold 195,546 shares of Intel stock on the open market in a transaction dated Friday, June 13th. The shares were sold at an average price of $29.75, for a total value of $5,817,493.50. Following the completion of the sale, the vice president now directly owns 27,328 shares in the company, valued at approximately $813,008. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on INTC. Analysts at BMO Capital Markets raised their price target on shares of Intel from $31.00 to $33.00 in a research note on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Nomura reiterated a “neutral” rating on shares of Intel in a research note on Friday. They now have a $27.00 price target on the stock, up previously from $25.00. Finally, analysts at Maxim Group raised their price target on shares of Intel from $27.00 to $30.00 in a research note on Friday. They now have a “hold” rating on the stock. Four investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $29.24.
Intel (NASDAQ:INTC) traded down 0.20% on Tuesday, hitting $29.95. The stock had a trading volume of 28,440,810 shares. Intel has a 52-week low of $21.89 and a 52-week high of $30.15. The stock has a 50-day moving average of $26.95 and a 200-day moving average of $25.66. The company has a market cap of $149.1 billion and a price-to-earnings ratio of 16.06. Intel also was the recipient of a large decrease in short interest during the month of May. As of May 30th, there was short interest totalling 170,211,540 shares, a decrease of 4.2% from the May 15th total of 177,732,864 shares. Approximately 3.4% of the company’s stock are short sold. Based on an average daily volume of 24,560,599 shares, the days-to-cover ratio is currently 6.9 days.
Intel (NASDAQ:INTC) last announced its earnings results 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. On average, analysts predict that Intel will post $2.02 earnings per share for the current fiscal year.
Intel Corporation, incorporated in 1968, designs and manufactures integrated digital technology platforms.
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