Investors Sell Shares of Intel (INTC) on Strength (INTC)

Investors sold shares of Intel Co. (NASDAQ:INTC) on strength during trading on Tuesday. $260.14 million flowed into the stock on the tick-up and $352.14 million flowed out of the stock on the tick-down, for a money net flow of $92.00 million out of the stock. Of all stocks tracked, Intel had the 0th highest net out-flow for the day. Intel traded up $0.43 for the day and closed at $56.71

A number of analysts have weighed in on the stock. New Street Research set a $65.00 price target on shares of Intel and gave the company a “buy” rating in a report on Tuesday. BidaskClub raised shares of Intel from a “buy” rating to a “strong-buy” rating in a report on Friday, April 5th. Wells Fargo & Co downgraded shares of Intel from an “outperform” rating to a “market perform” rating and increased their price target for the company from $55.00 to $60.00 in a report on Friday, April 5th. Goldman Sachs Group reissued a “sell” rating and issued a $45.00 price target on shares of Intel in a report on Wednesday, April 3rd. Finally, Sanford C. Bernstein reissued a “sell” rating and issued a $42.00 price target on shares of Intel in a report on Wednesday, April 3rd. Six analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. Intel currently has an average rating of “Hold” and a consensus target price of $55.38.

The firm has a market cap of $263.30 billion, a PE ratio of 12.79, a PEG ratio of 1.48 and a beta of 0.79. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.30 and a current ratio of 1.73.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, January 24th. The chip maker reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.06. Intel had a net margin of 29.72% and a return on equity of 30.08%. The firm had revenue of $18.66 billion during the quarter, compared to the consensus estimate of $19.02 billion. During the same period last year, the firm posted $1.08 EPS. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. As a group, equities analysts anticipate that Intel Co. will post 4.51 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Tuesday, May 7th will be issued a dividend of $0.315 per share. This represents a $1.26 annualized dividend and a yield of 2.15%. The ex-dividend date is Monday, May 6th. Intel’s dividend payout ratio is currently 27.51%.

In related news, EVP Navin Shenoy sold 1,518 shares of Intel stock in a transaction dated Monday, January 28th. The shares were sold at an average price of $46.11, for a total transaction of $69,994.98. Following the completion of the transaction, the executive vice president now directly owns 52,419 shares of the company’s stock, valued at approximately $2,417,040.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Kevin Thomas Mcbride sold 518 shares of Intel stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $51.33, for a total transaction of $26,588.94. Following the transaction, the vice president now directly owns 8,274 shares of the company’s stock, valued at $424,704.42. The disclosure for this sale can be found here. Insiders have sold a total of 65,431 shares of company stock valued at $3,500,497 over the last three months. 0.03% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in the stock. Tributary Capital Management LLC acquired a new stake in Intel in the 4th quarter valued at about $28,000. Stone House Investment Management LLC acquired a new stake in shares of Intel during the 1st quarter worth approximately $32,000. Next Capital Management LLC acquired a new stake in shares of Intel during the 4th quarter worth approximately $46,000. Virtus ETF Advisers LLC acquired a new stake in shares of Intel during the 4th quarter worth approximately $48,000. Finally, Stevens First Principles Investment Advisors acquired a new stake in shares of Intel during the 4th quarter worth approximately $53,000. 64.69% of the stock is owned by hedge funds and other institutional investors.

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About Intel (NASDAQ:INTC)

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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