Intel Corporation Sees Unusually Large Options Volume (INTC)
Intel Corporation (NASDAQ:INTC) saw some unusual options trading activity on Tuesday. Stock investors acquired 21,588 put options on the company. This is an increase of 118% compared to the typical volume of 9,902 put options.
In other Intel Corporation news, CEO Brian M. Krzanich sold 72,173 shares of the company’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $33.69, for a total transaction of $2,431,508.37. Following the completion of the sale, the chief executive officer now directly owns 534,746 shares of the company’s stock, valued at $18,015,592.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Venkata S. M. Renduchintala sold 13,996 shares of the company’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $35.47, for a total transaction of $496,438.12. Following the sale, the insider now directly owns 1,536 shares of the company’s stock, valued at $54,481.92. The disclosure for this sale can be found here. Insiders sold a total of 91,921 shares of company stock valued at $3,130,162 over the last three months. 0.08% of the stock is owned by corporate insiders.
Hedge funds have recently modified their holdings of the company. Sigma Planning Corp increased its stake in shares of Intel Corporation by 0.5% in the first quarter. Sigma Planning Corp now owns 64,672 shares of the chip maker’s stock valued at $2,333,000 after buying an additional 335 shares during the period. Pillar Pacific Capital Management LLC increased its stake in shares of Intel Corporation by 0.4% in the first quarter. Pillar Pacific Capital Management LLC now owns 235,734 shares of the chip maker’s stock valued at $8,503,000 after buying an additional 930 shares during the period. Park National Corp OH increased its stake in shares of Intel Corporation by 2.3% in the second quarter. Park National Corp OH now owns 831,773 shares of the chip maker’s stock valued at $28,064,000 after buying an additional 18,938 shares during the period. Murphy Capital Management Inc. increased its stake in shares of Intel Corporation by 18.4% in the second quarter. Murphy Capital Management Inc. now owns 31,721 shares of the chip maker’s stock valued at $1,070,000 after buying an additional 4,928 shares during the period. Finally, GFS Advisors LLC increased its stake in shares of Intel Corporation by 9.2% in the first quarter. GFS Advisors LLC now owns 114,035 shares of the chip maker’s stock valued at $4,114,000 after buying an additional 9,635 shares during the period. 67.09% of the stock is owned by institutional investors.
Intel Corporation (INTC) opened at 35.54 on Friday. Intel Corporation has a one year low of $33.23 and a one year high of $38.45. The firm’s 50-day moving average price is $35.40 and its 200-day moving average price is $35.53. The company has a market cap of $167.00 billion, a PE ratio of 13.56 and a beta of 1.02.
Intel Corporation (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, July 27th. The chip maker reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.04. The company had revenue of $14.76 billion during the quarter, compared to analysts’ expectations of $14.39 billion. Intel Corporation had a return on equity of 21.86% and a net margin of 20.60%. The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.59 earnings per share. On average, equities research analysts forecast that Intel Corporation will post $3.01 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Monday, August 7th were paid a $0.2725 dividend. The ex-dividend date was Thursday, August 3rd. This represents a $1.09 annualized dividend and a dividend yield of 3.07%. Intel Corporation’s payout ratio is 41.76%.
INTC has been the subject of a number of analyst reports. Vetr raised shares of Intel Corporation from a “hold” rating to a “buy” rating and set a $37.01 price objective for the company in a research note on Monday, May 15th. Macquarie reaffirmed an “outperform” rating and set a $40.00 price objective on shares of Intel Corporation in a research note on Monday, May 15th. Zacks Investment Research raised shares of Intel Corporation from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research note on Tuesday, May 16th. Canaccord Genuity reaffirmed a “hold” rating on shares of Intel Corporation in a research note on Saturday, June 3rd. Finally, Jefferies Group LLC set a $38.00 price objective on shares of Intel Corporation and gave the company a “hold” rating in a research note on Saturday, June 3rd. Six research analysts have rated the stock with a sell rating, fourteen have given a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $40.55.
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About Intel Corporation
Intel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud. The Company’s segments are Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG).
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