Insider Selling: Intel Corporation (INTC) EVP Sells 570 Shares of Stock
Intel Corporation (NASDAQ:INTC) EVP Diane M. Bryant sold 570 shares of the business’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $44.49, for a total value of $25,359.30. Following the transaction, the executive vice president now directly owns 110,850 shares of the company’s stock, valued at approximately $4,931,716.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Intel Corporation (INTC) traded up 2.52% during trading on Tuesday, hitting $45.49. The stock had a trading volume of 47,000,920 shares. The company has a 50-day moving average price of $39.24 and a 200-day moving average price of $36.43. The company has a market cap of $213.76 billion, a price-to-earnings ratio of 17.36 and a beta of 1.07. Intel Corporation has a 52-week low of $33.23 and a 52-week high of $45.80.
Intel Corporation (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, October 26th. The chip maker reported $1.01 EPS for the quarter, topping the consensus estimate of $0.80 by $0.21. The firm had revenue of $16.15 billion during the quarter, compared to analyst estimates of $15.73 billion. Intel Corporation had a return on equity of 22.65% and a net margin of 22.31%. Intel Corporation’s revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.80 EPS. Equities research analysts forecast that Intel Corporation will post $3.24 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Tuesday, November 7th will be paid a $0.2725 dividend. The ex-dividend date of this dividend is Monday, November 6th. This represents a $1.09 annualized dividend and a dividend yield of 2.40%. Intel Corporation’s dividend payout ratio (DPR) is 38.11%.
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A number of equities analysts have recently commented on INTC shares. Zacks Investment Research raised Intel Corporation from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a report on Wednesday, September 6th. ValuEngine cut Intel Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Vetr raised Intel Corporation from a “buy” rating to a “strong-buy” rating and set a $41.56 price target for the company in a report on Thursday, August 24th. Credit Suisse Group reissued an “outperform” rating on shares of Intel Corporation in a report on Thursday, August 31st. Finally, Stifel Nicolaus boosted their price target on Intel Corporation from $41.00 to $46.00 and gave the stock a “buy” rating in a report on Friday, October 20th. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $42.80.
Large investors have recently bought and sold shares of the company. Watermark Asset Management Inc. bought a new position in Intel Corporation in the 1st quarter worth $113,000. Acrospire Investment Management LLC boosted its holdings in Intel Corporation by 111.8% in the 2nd quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock worth $121,000 after buying an additional 1,900 shares during the period. JFS Wealth Advisors LLC boosted its holdings in Intel Corporation by 47.1% in the 3rd quarter. JFS Wealth Advisors LLC now owns 3,850 shares of the chip maker’s stock worth $147,000 after buying an additional 1,233 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its holdings in Intel Corporation by 53.0% in the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,040 shares of the chip maker’s stock worth $146,000 after buying an additional 1,400 shares during the period. Finally, Vigilant Capital Management LLC boosted its holdings in Intel Corporation by 22.6% in the 1st quarter. Vigilant Capital Management LLC now owns 4,373 shares of the chip maker’s stock worth $158,000 after buying an additional 805 shares during the period. Hedge funds and other institutional investors own 67.07% of the company’s stock.
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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