Intel Corporation Sees Unusually High Options Volume (INTC)

Intel Corporation (NASDAQ:INTC) was the recipient of some unusual options trading on Thursday. Investors purchased 5,251 put options on the company. This is an increase of 193% compared to the average volume of 1,795 put options.

Shares of Intel Corporation (INTC) opened at 35.21 on Friday. The firm has a 50-day moving average of $36.03 and a 200 day moving average of $36.11. The stock has a market cap of $165.80 billion, a PE ratio of 15.24 and a beta of 0.98. Intel Corporation has a 52 week low of $30.44 and a 52 week high of $38.45.

Intel Corporation (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, April 27th. The chip maker reported $0.66 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.01. The business had revenue of $14.80 billion for the quarter, compared to the consensus estimate of $14.80 billion. Intel Corporation had a net margin of 18.57% and a return on equity of 21.48%. The company’s revenue was up 8.0% compared to the same quarter last year. During the same period last year, the firm posted $0.54 earnings per share. On average, equities analysts forecast that Intel Corporation will post $2.86 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 1st. Shareholders of record on Sunday, May 7th were issued a dividend of $0.2725 per share. This represents a $1.09 annualized dividend and a yield of 3.10%. This is an increase from Intel Corporation’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Wednesday, May 3rd. Intel Corporation’s dividend payout ratio (DPR) is presently 47.39%.

In other news, insider Venkata S. M. Renduchintala sold 13,997 shares of the firm’s stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $36.11, for a total transaction of $505,431.67. Following the transaction, the insider now directly owns 1,536 shares of the company’s stock, valued at $55,464.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Robert Holmes Swan acquired 13,888 shares of Intel Corporation stock in a transaction dated Monday, June 5th. The shares were bought at an average cost of $36.31 per share, for a total transaction of $504,273.28. Following the completion of the purchase, the chief financial officer now directly owns 8,774 shares of the company’s stock, valued at approximately $318,583.94. The disclosure for this purchase can be found here. Insiders have sold 47,821 shares of company stock worth $1,734,851 over the last ninety days. Insiders own 0.09% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Sfmg LLC increased its position in Intel Corporation by 0.6% in the third quarter. Sfmg LLC now owns 6,354 shares of the chip maker’s stock valued at $240,000 after buying an additional 35 shares during the last quarter. Cordasco Financial Network increased its position in Intel Corporation by 0.7% in the first quarter. Cordasco Financial Network now owns 5,699 shares of the chip maker’s stock valued at $206,000 after buying an additional 38 shares during the last quarter. Summit Asset Management LLC increased its position in Intel Corporation by 0.7% in the first quarter. Summit Asset Management LLC now owns 6,281 shares of the chip maker’s stock valued at $227,000 after buying an additional 46 shares during the last quarter. Hodges Capital Management Inc. increased its position in Intel Corporation by 0.3% in the fourth quarter. Hodges Capital Management Inc. now owns 16,350 shares of the chip maker’s stock valued at $593,000 after buying an additional 50 shares during the last quarter. Finally, First Hawaiian Bank increased its position in Intel Corporation by 0.9% in the first quarter. First Hawaiian Bank now owns 5,769 shares of the chip maker’s stock valued at $208,000 after buying an additional 50 shares during the last quarter. 68.30% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have recently issued reports on the company. BidaskClub cut Intel Corporation from a “buy” rating to a “hold” rating in a research note on Friday. Raymond James Financial, Inc. reaffirmed an “underperform” rating on shares of Intel Corporation in a research note on Friday. Vetr raised Intel Corporation from a “buy” rating to a “strong-buy” rating and set a $40.45 price objective on the stock in a research note on Monday, June 12th. Zacks Investment Research raised Intel Corporation from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research note on Wednesday, June 7th. Finally, Jefferies Group LLC set a $38.00 price objective on Intel Corporation and gave the company a “hold” rating in a research note on Saturday, June 3rd. Four equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $40.42.

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Intel Corporation Company Profile

Intel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud. The Company’s segments are Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG).

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