Intel Co. (NASDAQ:INTC) Director Sells $127,758.28 in Stock

Intel Co. (NASDAQ:INTC) Director Frank D. Yeary sold 2,509 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $50.92, for a total transaction of $127,758.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

INTC stock traded down $1.71 during midday trading on Monday, reaching $46.97. 32,346,264 shares of the company were exchanged, compared to its average volume of 20,575,874. 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 company has a market capitalization of $215.65 billion, a P/E ratio of 10.26, a price-to-earnings-growth ratio of 1.48 and a beta of 0.88. The company’s 50-day moving average price is $48.96. Intel Co. has a 1-year low of $42.36 and a 1-year high of $59.59.

Intel (NASDAQ:INTC) last announced its earnings results 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 analyst estimates of $15.70 billion. Intel had a net margin of 28.05% and a return on equity of 28.84%. The company’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period last year, the firm posted $1.04 earnings per share. As a group, sell-side analysts predict that Intel Co. will post 4.37 EPS for the current year.

The firm also recently announced 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. The ex-dividend date of this dividend is Tuesday, August 6th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.68%. Intel’s dividend payout ratio (DPR) is presently 27.51%.

Several analysts recently weighed in on the stock. Jefferies Financial Group set a $40.00 target price on shares of Intel and gave the company a “sell” rating in a report on Friday, July 26th. Macquarie set a $60.00 target price on shares of Intel and gave the company a “buy” rating in a report on Friday, April 26th. ValuEngine cut shares of Intel from a “hold” rating to a “sell” rating in a report on Thursday. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $64.00 target price on shares of Intel in a report on Friday, July 26th. Finally, UBS Group reaffirmed a “buy” rating and issued a $58.00 target price on shares of Intel in a report on Friday, July 26th. Ten equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $54.31.

Several institutional investors and hedge funds have recently made changes to their positions in INTC. Tributary Capital Management LLC purchased a new stake in shares of Intel during the 4th quarter worth $28,000. Ogorek Anthony Joseph NY ADV boosted its position in shares of 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 boosted its position in shares of 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 shares of Intel during the 4th quarter worth $48,000. Finally, Next Capital Management LLC purchased a new stake in shares of Intel during the 2nd quarter worth $48,000. Institutional investors and hedge funds own 66.50% of the company’s stock.

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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