Intel CFO Sells 614,432 Shares (INTC)
Intel (NASDAQ:INTC) CFO Stacy J. Smith unloaded 614,432 shares of Intel stock on the open market in a transaction that occurred on Thursday, July 17th. The stock was sold at an average price of $33.92, for a total transaction of $20,841,533.44. Following the sale, the chief financial officer now directly owns 186,320 shares of the company’s stock, valued at approximately $6,319,974. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
A number of research firms have recently commented on INTC. Analysts at Bernstein raised their price target on shares of Intel from $28.00 to $31.00 in a research note on Wednesday, July 16th. Separately, analysts at Wedbush raised their price target on shares of Intel from $30.00 to $34.00 in a research note on Wednesday, July 16th. Finally, analysts at Barclays reiterated an “equal weight” rating on shares of Intel in a research note on Wednesday, July 16th. They now have a $30.00 price target on the stock, up previously from $28.00. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $33.14.
Intel (NASDAQ:INTC) traded up 1.07% on Monday, hitting $34.06. 32,082,044 shares of the company’s stock traded hands. Intel has a 1-year low of $21.89 and a 1-year high of $34.74. The stock has a 50-day moving average of $30.15 and a 200-day moving average of $26.72. The company has a market cap of $169.7 billion and a P/E ratio of 16.69.
Intel (NASDAQ:INTC) last issued its quarterly earnings data on Tuesday, July 15th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.03. The company had revenue of $13.83 billion for the quarter, compared to the consensus estimate of $13.68 million. During the same quarter in the previous year, the company posted $0.39 earnings per share. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. On average, analysts predict that Intel will post $2.15 earnings per share for the current fiscal year.
Intel Corporation, incorporated in 1968, designs and manufactures integrated digital technology platforms.
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