Traders bought shares of Intel Co. (NASDAQ:INTC) on weakness during trading hours on Thursday. $382.23 million flowed into the stock on the tick-up and $216.97 million flowed out of the stock on the tick-down, for a money net flow of $165.26 million into the stock. Of all stocks tracked, Intel had the 8th highest net in-flow for the day. Intel traded down ($0.73) for the day and closed at $50.83
Several research firms recently commented on INTC. Sanford C. Bernstein set a $34.00 price objective on Intel and gave the company a “sell” rating in a research report on Wednesday, January 10th. Needham & Company LLC increased their price objective on Intel from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, January 26th. SunTrust Banks reaffirmed a “hold” rating and set a $50.00 price objective on shares of Intel in a research report on Friday, January 26th. Vetr cut Intel from a “strong-buy” rating to a “buy” rating and set a $49.51 price objective on the stock. in a research report on Wednesday, January 17th. Finally, Wells Fargo reaffirmed a “buy” rating and set a $55.00 price objective on shares of Intel in a research report on Friday, January 26th. Four analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Intel presently has a consensus rating of “Buy” and an average price target of $50.17.
The company has a quick ratio of 1.29, a current ratio of 1.69 and a debt-to-equity ratio of 0.36. The firm has a market cap of $237,274.45, a P/E ratio of 24.93, a P/E/G ratio of 1.72 and a beta of 1.01.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Monday, May 7th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend is Friday, May 4th. Intel’s dividend payout ratio (DPR) is presently 60.61%.
In related news, EVP Navin Shenoy sold 2,155 shares of Intel stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $45.63, for a total transaction of $98,332.65. Following the sale, the executive vice president now owns 20,933 shares of the company’s stock, valued at approximately $955,172.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Brian M. Krzanich sold 5,873 shares of Intel stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $45.58, for a total value of $267,691.34. Following the sale, the chief executive officer now directly owns 259,082 shares in the company, valued at approximately $11,808,957.56. The disclosure for this sale can be found here. Insiders have sold a total of 123,914 shares of company stock worth $6,011,490 in the last three months. 0.08% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of INTC. Janus Henderson Group PLC increased its stake in Intel by 4,951.1% in the 2nd quarter. Janus Henderson Group PLC now owns 20,455,051 shares of the chip maker’s stock worth $690,156,000 after acquiring an additional 20,050,088 shares during the last quarter. Capital Research Global Investors increased its stake in Intel by 9.1% in the 2nd quarter. Capital Research Global Investors now owns 128,581,621 shares of the chip maker’s stock worth $4,338,344,000 after acquiring an additional 10,744,753 shares during the last quarter. Capital World Investors increased its stake in Intel by 5.5% in the 2nd quarter. Capital World Investors now owns 197,750,361 shares of the chip maker’s stock worth $6,672,097,000 after acquiring an additional 10,257,260 shares during the last quarter. Capital International Investors bought a new stake in Intel in the 3rd quarter worth approximately $339,563,000. Finally, Vanguard Group Inc. increased its stake in Intel by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 333,500,073 shares of the chip maker’s stock worth $11,252,292,000 after acquiring an additional 8,087,302 shares during the last quarter. 69.13% of the stock is currently owned by institutional investors.
ILLEGAL ACTIVITY WARNING: This piece of content was posted by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of United States & international copyright and trademark laws. The legal version of this piece of content can be read at https://stocknewstimes.com/2018/03/24/traders-buy-intel-intc-on-weakness.html.
Intel 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).
Receive News & Ratings for Intel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel and related companies with MarketBeat.com's FREE daily email newsletter.