Intel Corporation (NASDAQ:INTC) CEO Brian M. Krzanich sold 889,878 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $44.19, for a total transaction of $39,323,708.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Intel Corporation (NASDAQ INTC) traded down $0.16 on Friday, reaching $44.68. 26,652,378 shares of the company’s stock traded hands, compared to its average volume of 23,566,516. The stock has a market cap of $209,100.00, a PE ratio of 14.07, a P/E/G ratio of 1.64 and a beta of 1.09. The company has a quick ratio of 1.27, a current ratio of 1.60 and a debt-to-equity ratio of 0.39. Intel Corporation has a fifty-two week low of $33.23 and a fifty-two week high of $47.30.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.21. The business had revenue of $16.15 billion during the quarter, compared to analysts’ expectations of $15.73 billion. Intel had a net margin of 22.31% and a return on equity of 22.65%. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.80 EPS. analysts predict that Intel Corporation will post 3.25 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Tuesday, November 7th will be given a dividend of $0.2725 per share. The ex-dividend date of this dividend is Monday, November 6th. This represents a $1.09 annualized dividend and a yield of 2.44%. Intel’s payout ratio is currently 38.25%.

A number of institutional investors and hedge funds have recently made changes to their positions in INTC. Vanguard Group Inc. raised its holdings in Intel by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 333,500,073 shares of the chip maker’s stock worth $11,252,292,000 after purchasing an additional 8,087,302 shares in the last quarter. Capital World Investors raised its holdings in Intel by 5.5% in the 2nd quarter. Capital World Investors now owns 197,750,361 shares of the chip maker’s stock worth $6,672,097,000 after purchasing an additional 10,257,260 shares in the last quarter. Capital Research Global Investors raised its holdings in Intel by 9.1% in the 2nd quarter. Capital Research Global Investors now owns 128,581,621 shares of the chip maker’s stock worth $4,338,344,000 after purchasing an additional 10,744,753 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Intel by 0.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 50,998,381 shares of the chip maker’s stock worth $1,941,934,000 after purchasing an additional 397,082 shares in the last quarter. Finally, Legal & General Group Plc raised its holdings in Intel by 2.0% in the 3rd quarter. Legal & General Group Plc now owns 26,011,028 shares of the chip maker’s stock worth $990,439,000 after purchasing an additional 502,225 shares in the last quarter. 67.70% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have commented on the stock. Canaccord Genuity boosted their price target on shares of Intel from $41.00 to $45.00 and gave the stock a “hold” rating in a research note on Friday, November 17th. Barclays reissued a “buy” rating and issued a $55.00 price target on shares of Intel in a research note on Monday, November 13th. Stifel Nicolaus reissued a “buy” rating and issued a $50.00 price target on shares of Intel in a research note on Wednesday, November 1st. Sanford C. Bernstein set a $34.00 price target on shares of Intel and gave the stock a “sell” rating in a research note on Friday, October 27th. Finally, BMO Capital Markets raised shares of Intel from a “market perform” rating to an “outperform” rating in a research note on Monday, October 30th. Five investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $43.40.

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Intel Company Profile

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).

Insider Buying and Selling by Quarter for Intel (NASDAQ:INTC)

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