Insider Selling: Intel Co. (NASDAQ:INTC) EVP Sells 601 Shares of Stock

Intel Co. (NASDAQ:INTC) EVP Navin Shenoy sold 601 shares of the stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $51.76, for a total value of $31,107.76. Following the sale, the executive vice president now owns 53,063 shares in the company, valued at approximately $2,746,540.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Navin Shenoy also recently made the following trade(s):

  • On Tuesday, June 18th, Navin Shenoy sold 8,552 shares of Intel stock. The stock was sold at an average price of $46.78, for a total value of $400,062.56.
  • On Thursday, May 2nd, Navin Shenoy sold 1,254 shares of Intel stock. The stock was sold at an average price of $50.80, for a total value of $63,703.20.

NASDAQ:INTC traded down $1.15 during mid-day trading on Wednesday, hitting $50.55. The company had a trading volume of 20,677,685 shares, compared to its average volume of 23,444,834. Intel Co. has a fifty-two week low of $42.36 and a fifty-two week high of $59.59. The company has a fifty day moving average price of $48.75. The company has a current ratio of 1.48, a quick ratio of 1.04 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $230.97 billion, a price-to-earnings ratio of 11.04, a P/E/G ratio of 1.66 and a beta of 0.84.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, July 25th. The chip maker reported $1.06 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.17. The firm had revenue of $16.51 billion for the quarter, compared to analyst estimates of $15.70 billion. Intel had a return on equity of 28.84% and a net margin of 28.05%. The company’s quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.04 earnings per share. As a group, research analysts anticipate that Intel Co. will post 4.37 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Sunday, September 1st. Stockholders of record on Wednesday, August 7th will be given a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date is Tuesday, August 6th. Intel’s dividend payout ratio is currently 27.51%.

Several analysts have recently commented on INTC shares. UBS Group restated a “buy” rating and set a $58.00 target price on shares of Intel in a report on Friday, July 26th. ValuEngine raised Intel from a “sell” rating to a “hold” rating in a research note on Monday, June 24th. Atlantic Securities started coverage on Intel in a research note on Monday, July 22nd. They set an “underweight” rating and a $38.00 price target on the stock. Royal Bank of Canada reaffirmed an “underperform” rating and set a $47.00 price target (up previously from $41.00) on shares of Intel in a research note on Friday, July 26th. Finally, Robert W. Baird upped their price target on Intel from $60.00 to $65.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Nine investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty have given a buy rating to the company. Intel presently has an average rating of “Hold” and an average price target of $54.31.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tributary Capital Management LLC acquired a new stake in shares of Intel during the fourth quarter worth about $28,000. Ogorek Anthony Joseph NY ADV raised its position in shares of Intel by 500.0% during the second quarter. Ogorek Anthony Joseph NY ADV now owns 600 shares of the chip maker’s stock worth $28,000 after purchasing an additional 500 shares during the period. Virtus ETF Advisers LLC acquired a new stake in shares of Intel during the fourth quarter worth about $48,000. Stevens First Principles Investment Advisors acquired a new stake in shares of Intel during the fourth quarter worth about $53,000. Finally, Contravisory Investment Management Inc. raised its position in shares of Intel by 234.1% during the second quarter. Contravisory Investment Management Inc. now owns 1,146 shares of the chip maker’s stock worth $55,000 after purchasing an additional 803 shares during the period. 65.92% of the stock is currently owned by institutional investors.

About Intel

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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