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

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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 transaction of $31,107.76. Following the sale, the executive vice president now directly owns 53,063 shares in the company, valued at $2,746,540.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Friday, August 2nd, Navin Shenoy sold 1,253 shares of Intel stock. The stock was sold at an average price of $49.24, for a total transaction of $61,697.72.
  • 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 transaction 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 transaction of $63,703.20.

INTC stock opened at $45.70 on Friday. The company has a current ratio of 1.48, a quick ratio of 1.04 and a debt-to-equity ratio of 0.33. Intel Co. has a one year low of $42.36 and a one year high of $59.59. The firm has a market capitalization of $202.01 billion, a PE ratio of 9.98, a P/E/G ratio of 1.39 and a beta of 0.88. The firm has a 50-day moving average of $48.87 and a two-hundred day moving average of $50.20.

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

The business 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 $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date is Tuesday, August 6th. Intel’s dividend payout ratio (DPR) is 27.51%.

Several research firms have recently commented on INTC. BidaskClub lowered shares of Intel from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. BMO Capital Markets lowered shares of Intel from an “outperform” rating to a “market perform” rating and set a $47.99 price target for the company. in a research report on Thursday, May 9th. Wells Fargo & Co decreased their target price on shares of Intel from $60.00 to $55.00 and set a “market perform” rating for the company in a research report on Thursday, May 9th. Macquarie set a $60.00 target price on shares of Intel and gave the company a “buy” rating in a research report on Friday, April 26th. Finally, Deutsche Bank reiterated a “buy” rating and issued a $62.00 target price (up previously from $60.00) on shares of Intel in a research report on Friday, July 26th. Ten research analysts have rated the stock with a sell rating, sixteen have given a hold rating and nineteen have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $54.19.

Several hedge funds and other institutional investors have recently bought and sold shares of INTC. Larson Financial Group LLC raised its position in Intel by 23.6% during the second quarter. Larson Financial Group LLC now owns 2,600 shares of the chip maker’s stock valued at $124,000 after acquiring an additional 496 shares in the last quarter. Wetherby Asset Management Inc. raised its position in Intel by 2.5% during the fourth quarter. Wetherby Asset Management Inc. now owns 98,515 shares of the chip maker’s stock valued at $4,623,000 after acquiring an additional 2,414 shares in the last quarter. Advisory Resource Group bought a new position in Intel during the first quarter valued at approximately $241,000. Capital Investment Advisors LLC raised its position in Intel by 3.5% during the fourth quarter. Capital Investment Advisors LLC now owns 332,565 shares of the chip maker’s stock valued at $15,607,000 after acquiring an additional 11,278 shares in the last quarter. Finally, Grimes & Company Inc. raised its position in Intel by 1.6% during the second quarter. Grimes & Company Inc. now owns 376,716 shares of the chip maker’s stock valued at $18,034,000 after acquiring an additional 5,942 shares in the last quarter. 66.46% of the stock is owned by institutional investors and hedge funds.

Intel Company Profile

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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