Intel Co. (NASDAQ:INTC) insider Venkata S. M. Renduchintala sold 1,502 shares of Intel stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $44.58, for a total value of $66,959.16. Following the completion of the transaction, the insider now directly owns 1,536 shares of the company’s stock, valued at $68,474.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Intel Co. (NASDAQ INTC) traded up $1.20 on Friday, hitting $43.95. The company had a trading volume of 49,281,511 shares, compared to its average volume of 39,820,000. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.69 and a quick ratio of 1.29. Intel Co. has a 1-year low of $33.23 and a 1-year high of $50.85. The firm has a market cap of $205,690.00, a price-to-earnings ratio of 22.20, a PEG ratio of 1.53 and a beta of 1.07.
Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, January 25th. The chip maker reported $1.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.22. Intel had a return on equity of 24.33% and a net margin of 15.30%. The business had revenue of $17.05 billion during the quarter, compared to analyst estimates of $16.34 billion. During the same period in the previous year, the firm earned $0.79 EPS. Intel’s quarterly revenue was up 4.1% compared to the same quarter last year. research analysts anticipate that Intel Co. will post 3.51 EPS for the current fiscal year.
Several institutional investors have recently made changes to their positions in INTC. Goodman Financial Corp bought a new stake in Intel in the 4th quarter valued at $102,000. Delphi Private Advisors LLC raised its stake in Intel by 286.1% in the 4th quarter. Delphi Private Advisors LLC now owns 2,911 shares of the chip maker’s stock valued at $134,000 after acquiring an additional 2,157 shares during the period. First Dallas Securities Inc. bought a new stake in Intel in the 4th quarter valued at $144,000. Financial Engines Advisors L.L.C. bought a new stake in Intel in the 3rd quarter valued at $119,000. Finally, Acrospire Investment Management LLC raised its stake in Intel by 111.8% in the 2nd quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock valued at $121,000 after acquiring an additional 1,900 shares during the period. Institutional investors own 67.43% of the company’s stock.
A number of research analysts recently issued reports on the company. Vetr raised Intel from a “hold” rating to a “buy” rating and set a $47.74 price target for the company in a report on Monday. Macquarie set a $55.00 price objective on Intel and gave the stock a “buy” rating in a report on Tuesday. Citigroup started coverage on Intel in a report on Tuesday, January 30th. They set a “buy” rating and a $58.00 price objective for the company. SunTrust Banks reissued a “hold” rating and set a $50.00 price objective on shares of Intel in a report on Friday, January 26th. Finally, Nomura reissued a “buy” rating and set a $50.00 price objective on shares of Intel in a report on Friday, January 26th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and thirty-one have given a buy rating to the stock. Intel has a consensus rating of “Buy” and a consensus target price of $49.10.
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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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