Investors Sell Intel Corp. (INTC) on Strength (INTC)


Investors sold shares of Intel Corp. (NASDAQ:INTC) on strength during trading on Tuesday. $82.69 million flowed into the stock on the tick-up and $186.17 million flowed out of the stock on the tick-down, for a money net flow of $103.48 million out of the stock. Of all equities tracked, Intel Corp. had the 0th highest net out-flow for the day. Intel Corp. traded up $0.49 for the day and closed at $36.57
Several research analysts recently weighed in on the stock. Vetr upgraded shares of Intel Corp. from a “hold” rating to a “buy” rating and set a $38.07 price target on the stock in a report on Wednesday. Wells Fargo & Co. restated a “buy” rating on shares of Intel Corp. in a report on Sunday. Bank of America Corp. restated a “buy” rating and set a $42.00 price target on shares of Intel Corp. in a report on Sunday. Zacks Investment Research cut shares of Intel Corp. from a “buy” rating to a “hold” rating in a report on Monday. Finally, Robert W. Baird boosted their price target on shares of Intel Corp. from $38.00 to $40.00 and gave the stock an “outperform” rating in a report on Tuesday. Three research analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirty have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $37.73.
The stock has a market cap of $173.01 billion and a P/E ratio of 17.74. The company has a 50 day moving average price of $35.10 and a 200-day moving average price of $32.46.

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Intel Corp. (NASDAQ:INTC) last released its quarterly earnings data on Wednesday, July 20th. The chip maker reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.06. The firm had revenue of $13.50 billion for the quarter, compared to analyst estimates of $13.54 billion. During the same period in the previous year, the business posted $0.55 EPS. Intel Corp.’s revenue for the quarter was up 2.6% on a year-over-year basis. Analysts predict that Intel Corp. will post $2.50 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Sunday, August 7th were given a dividend of $0.26 per share. The ex-dividend date was Wednesday, August 3rd. This represents a $1.04 dividend on an annualized basis and a yield of 2.84%.
In related news, Chairman Andy D. Bryant sold 445,095 shares of Intel Corp. stock in a transaction on Monday, July 25th. The stock was sold at an average price of $34.69, for a total transaction of $15,440,345.55. Following the completion of the sale, the chairman now owns 399,557 shares of the company’s stock, valued at $13,860,632.33. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Venkata S. M. Renduchintala sold 13,997 shares of Intel Corp. stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $34.71, for a total value of $485,835.87. The disclosure for this sale can be found here.
Intel Corporation is engaged in the design and manufacture of digital technology platforms. The Company’s segments include Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Software and Services (SSG) and All Other. CCG segment includes platforms designed for notebooks (including Ultrabook devices), 2 in 1 systems, desktops (including all-in-ones and personal computers (PCs)), tablets, phones, wireless and wired connectivity products, and mobile communication components.

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