Traders Buy Shares of Intel Corporation (INTC) on Weakness

Traders purchased shares of Intel Corporation (NASDAQ:INTC) on weakness during trading on Thursday. $260.58 million flowed into the stock on the tick-up and $83.86 million flowed out of the stock on the tick-down, for a money net flow of $176.72 million into the stock. Of all equities tracked, Intel Corporation had the highest net in-flow for the day. Intel Corporation traded down ($0.29) for the day and closed at $44.65

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

The stock has a market capitalization of $208,962.00, a PE ratio of 14.04, a price-to-earnings-growth ratio of 1.63 and a beta of 1.09. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.60 and a quick ratio of 1.27.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors 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 dividend yield of 2.44%. Intel Corporation’s dividend payout ratio is presently 38.11%.

In related news, EVP Diane M. Bryant sold 570 shares of the business’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $44.49, for a total transaction of $25,359.30. Following the completion of the transaction, the executive vice president now 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 Securities & Exchange Commission, which is available through the SEC website. Also, insider Stacy J. Smith sold 472,337 shares of the business’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $44.23, for a total value of $20,891,465.51. Following the transaction, the insider now directly owns 265,298 shares of the company’s stock, valued at approximately $11,734,130.54. The disclosure for this sale can be found here. Insiders have sold a total of 659,036 shares of company stock valued at $28,872,880 in the last three months. 0.08% of the stock is owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Janus Henderson Group PLC grew its stake in shares of Intel Corporation by 4,951.1% in the 2nd quarter. Janus Henderson Group PLC now owns 20,455,051 shares of the chip maker’s stock valued at $690,156,000 after purchasing an additional 20,050,088 shares during the period. Capital Research Global Investors boosted its holdings in shares of Intel Corporation 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 acquiring an additional 10,744,753 shares in the last quarter. Capital World Investors boosted its holdings in shares of Intel Corporation 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 acquiring an additional 10,257,260 shares in the last quarter. Capital International Investors acquired a new position in shares of Intel Corporation in the 3rd quarter worth approximately $339,563,000. Finally, Vanguard Group Inc. boosted its holdings in shares of Intel Corporation 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 acquiring an additional 8,087,302 shares in the last quarter. Hedge funds and other institutional investors own 66.90% of the company’s stock.

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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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