Traders Buy Intel Corporation (INTC) on Weakness

Traders purchased shares of Intel Corporation (NASDAQ:INTC) on weakness during trading on Friday. $125.89 million flowed into the stock on the tick-up and $86.36 million flowed out of the stock on the tick-down, for a money net flow of $39.53 million into the stock. Of all stocks tracked, Intel Corporation had the 5th highest net in-flow for the day. Intel Corporation traded down ($0.27) for the day and closed at $35.87

INTC has been the topic of several recent research reports. Needham & Company LLC reissued a “buy” rating and issued a $43.00 price target on shares of Intel Corporation in a research note on Saturday, April 29th. Mizuho reissued a “buy” rating on shares of Intel Corporation in a research note on Friday, April 28th. B. Riley reissued a “buy” rating and issued a $44.00 price target on shares of Intel Corporation in a research note on Friday, April 28th. Vetr raised Intel Corporation from a “hold” rating to a “buy” rating and set a $37.01 price target on the stock in a research note on Monday, May 15th. Finally, Zacks Investment Research raised Intel Corporation from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research note on Tuesday, May 16th. Five equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-seven have assigned a buy rating to the company’s stock. Intel Corporation presently has a consensus rating of “Hold” and an average target price of $40.55.

The company has a market cap of $168.55 billion, a PE ratio of 13.69 and a beta of 1.01. The firm’s 50-day moving average is $34.84 and its 200 day moving average is $35.72.

Intel Corporation (NASDAQ:INTC) last announced its earnings results on Thursday, July 27th. The chip maker reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.04. The firm had revenue of $14.76 billion for the quarter, compared to analyst estimates of $14.39 billion. Intel Corporation had a net margin of 20.60% and a return on equity of 21.86%. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.59 EPS. Equities research analysts forecast that Intel Corporation will post $3.01 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, August 7th will be paid a dividend of $0.2725 per share. This represents a $1.09 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date of this dividend is Thursday, August 3rd. Intel Corporation’s payout ratio is 41.76%.

In other news, CEO Brian M. Krzanich sold 72,173 shares of Intel Corporation stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $33.69, for a total transaction of $2,431,508.37. Following the sale, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Robert Holmes Swan bought 13,888 shares of the business’s stock in a transaction dated Monday, June 5th. The shares were bought at an average cost of $36.31 per share, for a total transaction of $504,273.28. Following the purchase, the chief financial officer now directly owns 8,774 shares in the company, valued at approximately $318,583.94. The disclosure for this purchase can be found here. Insiders have sold a total of 91,921 shares of company stock worth $3,130,162 in the last ninety days. Insiders own 0.09% of the company’s stock.

A number of large investors have recently bought and sold shares of INTC. PagnatoKarp Partners LLC acquired a new stake in Intel Corporation during the fourth quarter valued at approximately $752,000. Advantage Investment Management LLC acquired a new stake in Intel Corporation during the fourth quarter valued at approximately $822,000. IFM Investors Pty Ltd acquired a new stake in Intel Corporation during the fourth quarter valued at approximately $2,168,000. Heritage Way Advisors LLC acquired a new stake in Intel Corporation during the fourth quarter valued at approximately $2,059,000. Finally, Wall Street Access Asset Management LLC raised its stake in Intel Corporation by 189.9% in the fourth quarter. Wall Street Access Asset Management LLC now owns 30,531 shares of the chip maker’s stock valued at $1,107,000 after buying an additional 20,000 shares during the last quarter. 67.50% of the stock is currently owned by institutional investors and hedge funds.

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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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