Investors Sell Intel Corporation (INTC) on Strength (INTC)

Traders sold shares of Intel Corporation (NASDAQ:INTC) on strength during trading hours on Monday. $81.81 million flowed into the stock on the tick-up and $171.19 million flowed out of the stock on the tick-down, for a money net flow of $89.38 million out of the stock. Of all equities tracked, Intel Corporation had the 8th highest net out-flow for the day. Intel Corporation traded up $0.58 for the day and closed at $35.77

A number of equities analysts recently issued reports on INTC shares. Zacks Investment Research cut Intel Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 17th. Needham & Company LLC restated a “buy” rating and set a $43.00 price objective on shares of Intel Corporation in a report on Wednesday, July 12th. Credit Suisse Group restated an “outperform” rating on shares of Intel Corporation in a report on Thursday, August 31st. Wells Fargo & Company restated an “outperform” rating on shares of Intel Corporation in a report on Wednesday, August 23rd. Finally, BidaskClub cut Intel Corporation from a “hold” rating to a “sell” rating in a report on Friday, August 25th. Six analysts have rated the stock with a sell rating, fourteen have given a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $40.55.

The firm has a market capitalization of $168.08 billion, a P/E ratio of 13.65 and a beta of 1.02. The stock has a 50 day moving average of $35.43 and a 200-day moving average of $35.51.

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, topping analysts’ consensus estimates of $0.68 by $0.04. Intel Corporation had a return on equity of 21.86% and a net margin of 20.60%. The company had revenue of $14.76 billion for the quarter, compared to analyst estimates of $14.39 billion. During the same quarter in the prior year, the company posted $0.59 EPS. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. Equities analysts expect that Intel Corporation will post $3.01 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Monday, August 7th were paid a dividend of $0.2725 per share. This represents a $1.09 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date was Thursday, August 3rd. Intel Corporation’s dividend payout ratio is presently 41.76%.

In other Intel Corporation news, CEO Brian M. Krzanich sold 72,173 shares of the stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $33.69, for a total transaction of $2,431,508.37. Following the transaction, the chief executive officer now owns 534,746 shares of the company’s stock, valued at approximately $18,015,592.74. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Venkata S. M. Renduchintala sold 13,996 shares of the stock in a transaction on Monday, July 31st. The stock was sold at an average price of $35.47, for a total value of $496,438.12. Following the transaction, the insider now directly owns 1,536 shares in the company, valued at approximately $54,481.92. The disclosure for this sale can be found here. In the last three months, insiders have sold 91,921 shares of company stock worth $3,130,162. Corporate insiders own 0.08% of the company’s stock.

Several institutional investors have recently modified their holdings of INTC. Janus Henderson Group PLC lifted its stake in shares of Intel Corporation by 4,951.1% during the 2nd quarter. Janus Henderson Group PLC now owns 20,455,051 shares of the chip maker’s stock worth $690,156,000 after purchasing an additional 20,050,088 shares during the period. Capital Research Global Investors lifted its stake in shares of Intel Corporation by 9.1% during 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 during the period. Capital World Investors lifted its stake in shares of Intel Corporation by 5.5% during 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 during the period. Vanguard Group Inc. lifted its stake in shares of Intel Corporation by 2.5% during 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 during the period. Finally, Glenview Capital Management LLC purchased a new position in shares of Intel Corporation during the 1st quarter worth $177,881,000. 67.09% of the stock is currently owned by institutional investors.

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Intel Corporation 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).

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