Intel Co. (NASDAQ:INTC) EVP Navin Shenoy sold 8,551 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $52.06, for a total value of $445,165.06. Following the completion of the sale, the executive vice president now directly owns 70,276 shares in the company, valued at approximately $3,658,568.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Navin Shenoy also recently made the following trade(s):
- On Friday, August 2nd, Navin Shenoy sold 1,253 shares of Intel stock. The stock was sold at an average price of $49.24, for a total transaction of $61,697.72.
- On Tuesday, July 30th, Navin Shenoy sold 601 shares of Intel stock. The stock was sold at an average price of $51.76, for a total transaction of $31,107.76.
Shares of INTC stock traded up $0.98 during midday trading on Friday, reaching $52.09. 18,855,306 shares of the company were exchanged, compared to its average volume of 18,166,652. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.04 and a current ratio of 1.48. The company’s 50 day moving average price is $49.83 and its two-hundred day moving average price is $49.56. Intel Co. has a 12 month low of $42.36 and a 12 month high of $59.59. The company has a market cap of $230.76 billion, a P/E ratio of 11.37, a PEG ratio of 1.54 and a beta of 0.91.
Intel (NASDAQ:INTC) last released its earnings results on Thursday, July 25th. The chip maker reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.17. The business had revenue of $16.51 billion for the quarter, compared to the consensus estimate of $15.70 billion. Intel had a net margin of 28.05% and a return on equity of 28.84%. The business’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.04 EPS. As a group, sell-side analysts predict that Intel Co. will post 4.38 earnings per share for the current year.
The company also recently disclosed a — dividend, which will be paid on Sunday, December 1st. Stockholders of record on Thursday, November 7th will be paid a $0.315 dividend. This represents a dividend yield of 2.4%. The ex-dividend date of this dividend is Wednesday, November 6th. Intel’s payout ratio is 27.51%.
Several institutional investors have recently modified their holdings of the company. Centric Wealth Management grew its holdings in shares of Intel by 18.9% in the 3rd quarter. Centric Wealth Management now owns 13,448 shares of the chip maker’s stock worth $664,000 after purchasing an additional 2,137 shares during the last quarter. Great Valley Advisor Group Inc. grew its holdings in shares of Intel by 5.2% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 21,962 shares of the chip maker’s stock worth $1,051,000 after purchasing an additional 1,077 shares during the last quarter. Larson Financial Group LLC grew its holdings in Intel by 23.6% during the 2nd quarter. Larson Financial Group LLC now owns 2,600 shares of the chip maker’s stock worth $124,000 after acquiring an additional 496 shares during the last quarter. Advisory Resource Group bought a new stake in Intel during the 1st quarter worth about $241,000. Finally, Asset Planning Services Inc. LA ADV grew its holdings in Intel by 2.1% during the 2nd quarter. Asset Planning Services Inc. LA ADV now owns 121,027 shares of the chip maker’s stock worth $5,794,000 after acquiring an additional 2,450 shares during the last quarter. Institutional investors and hedge funds own 65.89% of the company’s stock.
A number of equities analysts recently commented on INTC shares. Nomura set a $65.00 target price on shares of Intel and gave the stock a “buy” rating in a research note on Friday, August 23rd. SunTrust Banks restated a “buy” rating and issued a $58.00 price objective (up previously from $54.00) on shares of Intel in a research note on Friday, July 26th. Goldman Sachs Group restated a “sell” rating and issued a $47.00 price objective on shares of Intel in a research note on Friday, July 26th. Zacks Investment Research raised shares of Intel from a “sell” rating to a “hold” rating and set a $54.00 target price for the company in a report on Monday, July 29th. Finally, Bank of America reduced their target price on shares of Intel from $62.00 to $57.00 and set a “buy” rating for the company in a report on Monday, July 22nd. Eight investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and nineteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $53.79.
Intel Company Profile
Intel Corporation offers computing, networking, data storage, and communication solutions worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments. The company offers microprocessors, and system-on-chip and multichip packaging products.
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