Investors Sell Intel (INTC) on Strength (INTC)

Investors sold shares of Intel Co. (NASDAQ:INTC) on strength during trading on Wednesday. $150.85 million flowed into the stock on the tick-up and $171.02 million flowed out of the stock on the tick-down, for a money net flow of $20.17 million out of the stock. Of all companies tracked, Intel had the 0th highest net out-flow for the day. Intel traded up $0.21 for the day and closed at $55.03

Several equities research analysts have commented on INTC shares. Wells Fargo & Co restated an “outperform” rating and issued a $65.00 price target on shares of Intel in a research note on Friday, April 27th. Bank of America restated a “buy” rating and issued a $65.00 price target on shares of Intel in a research note on Wednesday, April 18th. DZ Bank restated a “hold” rating and issued a $53.00 price target on shares of Intel in a research note on Wednesday, March 28th. Vetr lowered shares of Intel from a “strong-buy” rating to a “buy” rating and set a $54.41 price target on the stock. in a research note on Friday, March 30th. Finally, Macquarie restated a “buy” rating and issued a $64.00 price target on shares of Intel in a research note on Friday, May 18th. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-nine have issued a buy rating to the company’s stock. Intel has an average rating of “Buy” and a consensus target price of $55.43.

The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.23 and a current ratio of 1.58. The stock has a market cap of $257.45 billion, a P/E ratio of 15.87, a P/E/G ratio of 1.70 and a beta of 0.95.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, April 26th. The chip maker reported $0.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.15. The business had revenue of $16.10 billion during the quarter, compared to the consensus estimate of $15.08 billion. Intel had a net margin of 17.32% and a return on equity of 25.41%. The firm’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.66 EPS. sell-side analysts forecast that Intel Co. will post 3.84 earnings per share for the current year.

In other Intel news, CEO Brian M. Krzanich sold 3,072 shares of the stock in a transaction that occurred on Wednesday, May 2nd. The shares were sold at an average price of $52.78, for a total value of $162,140.16. Following the completion of the sale, the chief executive officer now owns 259,683 shares in the company, valued at approximately $13,706,068.74. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Navin Shenoy sold 1,010 shares of the stock in a transaction that occurred on Wednesday, May 2nd. The stock was sold at an average price of $52.80, for a total transaction of $53,328.00. Following the completion of the sale, the executive vice president now owns 32,920 shares of the company’s stock, valued at approximately $1,738,176. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,192 shares of company stock valued at $693,559. Insiders own 0.03% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. Midwest Professional Planners LTD. raised its holdings in shares of Intel by 10.7% during the 1st quarter. Midwest Professional Planners LTD. now owns 10,028 shares of the chip maker’s stock valued at $522,000 after purchasing an additional 966 shares in the last quarter. Kingfisher Capital LLC raised its holdings in shares of Intel by 9.6% during the 1st quarter. Kingfisher Capital LLC now owns 11,090 shares of the chip maker’s stock valued at $578,000 after purchasing an additional 967 shares in the last quarter. Fiduciary Group LLC raised its holdings in shares of Intel by 2.9% during the 1st quarter. Fiduciary Group LLC now owns 34,165 shares of the chip maker’s stock valued at $1,779,000 after purchasing an additional 969 shares in the last quarter. WealthTrust Fairport LLC raised its holdings in shares of Intel by 2.9% during the 1st quarter. WealthTrust Fairport LLC now owns 34,782 shares of the chip maker’s stock valued at $1,811,000 after purchasing an additional 971 shares in the last quarter. Finally, Schnieders Capital Management LLC raised its holdings in shares of Intel by 0.8% during the 1st quarter. Schnieders Capital Management LLC now owns 116,518 shares of the chip maker’s stock valued at $6,069,000 after purchasing an additional 972 shares in the last quarter. Institutional investors own 67.01% of the company’s stock.

Intel Company Profile

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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