Intel Co. (NASDAQ:INTC) Chairman Sells $699,094.33 in Stock

Intel Co. (NASDAQ:INTC) Chairman Andy D. Bryant sold 13,609 shares of the business’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $51.37, for a total value of $699,094.33. Following the completion of the transaction, the chairman now directly owns 450,591 shares in the company, valued at approximately $23,146,859.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of NASDAQ INTC opened at $48.68 on Friday. Intel Co. has a one year low of $42.36 and a one year high of $59.59. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.48 and a quick ratio of 1.04. The company’s fifty day moving average price is $48.96. The stock has a market cap of $223.94 billion, a PE ratio of 10.63, a PEG ratio of 1.54 and a beta of 0.88.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, July 25th. The chip maker reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.17. The business had revenue of $16.51 billion for the quarter, compared to analysts’ expectations of $15.70 billion. Intel had a return on equity of 28.84% and a net margin of 28.05%. The firm’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 EPS. As a group, research analysts forecast that Intel Co. will post 4.37 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, September 1st. Investors of record on Wednesday, August 7th will be issued a dividend of $0.315 per share. The ex-dividend date is Tuesday, August 6th. This represents a $1.26 dividend on an annualized basis and a yield of 2.59%. Intel’s dividend payout ratio (DPR) is 27.51%.

Several research analysts have weighed in on INTC shares. Argus cut Intel from a “buy” rating to a “hold” rating and set a $52.43 price objective on the stock. in a research report on Monday, April 29th. Macquarie set a $60.00 price objective on Intel and gave the stock a “buy” rating in a research report on Friday, April 26th. BMO Capital Markets cut Intel from an “outperform” rating to a “market perform” rating and set a $47.99 price objective on the stock. in a research report on Thursday, May 9th. Roth Capital set a $60.00 price objective on Intel and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, Atlantic Securities started coverage on Intel in a research report on Monday, July 22nd. They issued an “underweight” rating and a $38.00 price objective on the stock. Ten investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $54.31.

A number of institutional investors and hedge funds have recently modified their holdings of INTC. Tributary Capital Management LLC purchased a new stake in Intel during the 4th quarter worth about $28,000. Ogorek Anthony Joseph NY ADV lifted its holdings in Intel by 500.0% during the 2nd 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 in the last quarter. Global Trust Asset Management LLC lifted its holdings in Intel by 273.2% during the 2nd quarter. Global Trust Asset Management LLC now owns 3,336 shares of the chip maker’s stock worth $45,000 after purchasing an additional 2,442 shares in the last quarter. Virtus ETF Advisers LLC purchased a new stake in Intel during the 4th quarter worth about $48,000. Finally, Next Capital Management LLC purchased a new stake in Intel during the 2nd quarter worth about $48,000. 65.92% of the stock is currently owned by institutional investors and hedge funds.

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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