Traders Buy Shares of Intel (INTC) on Weakness

Investors bought shares of Intel Co. (NASDAQ:INTC) on weakness during trading hours on Tuesday. $211.82 million flowed into the stock on the tick-up and $160.06 million flowed out of the stock on the tick-down, for a money net flow of $51.76 million into the stock. Of all equities tracked, Intel had the 21st highest net in-flow for the day. Intel traded down ($1.00) for the day and closed at $45.91

Several research firms have weighed in on INTC. BNP Paribas set a $54.00 price target on shares of Intel and gave the company a “neutral” rating in a research note on Wednesday. Zacks Investment Research raised shares of Intel from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a research note on Wednesday. Raymond James downgraded shares of Intel from a “market perform” rating to an “underperform” rating in a research note on Tuesday. KeyCorp began coverage on shares of Intel in a research note on Tuesday. They issued a “sector weight” rating for the company. Finally, Macquarie reaffirmed a “buy” rating on shares of Intel in a research note on Monday. Five equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twenty-two have assigned a buy rating to the company. Intel has a consensus rating of “Hold” and an average target price of $55.29.

The firm has a market capitalization of $214.78 billion, a price-to-earnings ratio of 13.21, a PEG ratio of 1.31 and a beta of 0.97. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.15 and a current ratio of 1.57.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, July 26th. The chip maker reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.05. Intel had a net margin of 20.07% and a return on equity of 27.33%. The business had revenue of $16.96 billion for the quarter, compared to analysts’ expectations of $16.78 billion. During the same period in the previous year, the company earned $0.72 earnings per share. The firm’s revenue for the quarter was up 14.9% compared to the same quarter last year. analysts forecast that Intel Co. will post 4.15 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Saturday, December 1st. Investors of record on Wednesday, November 7th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.63%. The ex-dividend date of this dividend is Tuesday, November 6th. Intel’s dividend payout ratio (DPR) is presently 34.68%.

In other news, CEO Robert Holmes Swan purchased 5,243 shares of the business’s stock in a transaction that occurred on Monday, July 30th. The shares were acquired at an average cost of $47.69 per share, for a total transaction of $250,038.67. Following the completion of the acquisition, the chief executive officer now owns 71,672 shares in the company, valued at $3,418,037.68. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Steven Ralph Rodgers sold 1,251 shares of the business’s stock in a transaction dated Thursday, August 2nd. The stock was sold at an average price of $48.37, for a total transaction of $60,510.87. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,077 shares of company stock worth $205,757. 0.03% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in INTC. Old Port Advisors bought a new stake in Intel in the second quarter worth about $3,908,000. Rehmann Capital Advisory Group raised its position in Intel by 2.3% in the second quarter. Rehmann Capital Advisory Group now owns 55,656 shares of the chip maker’s stock worth $2,767,000 after acquiring an additional 1,241 shares during the period. Royal London Asset Management Ltd. bought a new stake in Intel in the second quarter worth about $97,339,000. SP Asset Management bought a new stake in Intel in the second quarter worth about $2,590,000. Finally, HRT Financial LLC bought a new stake in Intel in the second quarter worth about $4,357,000. Institutional investors and hedge funds own 65.33% of the company’s stock.

Intel Company Profile (NASDAQ:INTC)

Intel Corporation designs, manufactures, and sells computer, networking, data storage, and communication platforms worldwide. The company operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments.

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