Intel Co. (NASDAQ:INTC) Director Frank D. Yeary sold 2,509 shares of Intel stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $57.86, for a total transaction of $145,170.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
INTC traded down $0.05 during trading on Wednesday, reaching $56.02. 18,881,154 shares of the stock were exchanged, compared to its average volume of 22,150,439. The stock has a market cap of $252.52 billion, a P/E ratio of 12.23, a price-to-earnings-growth ratio of 1.68 and a beta of 0.91. Intel Co. has a twelve month low of $42.86 and a twelve month high of $59.59. The stock’s 50 day moving average price is $56.31 and its two-hundred day moving average price is $50.25. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.85 and a current ratio of 1.20.
Intel (NASDAQ:INTC) last issued its earnings results on Thursday, October 24th. The chip maker reported $1.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.18. The business had revenue of $19.19 billion for the quarter, compared to the consensus estimate of $18.07 billion. Intel had a net margin of 27.46% and a return on equity of 28.28%. The firm’s revenue for the quarter was up .1% on a year-over-year basis. During the same period in the previous year, the company earned $1.40 earnings per share. Equities research analysts predict that Intel Co. will post 4.61 earnings per share for the current fiscal year.
The company also recently announced a — dividend, which was paid on Sunday, December 1st. Investors of record on Thursday, November 7th were issued a dividend of $0.315 per share. The ex-dividend date of this dividend was Wednesday, November 6th. This represents a yield of 2.4%. Intel’s payout ratio is 27.51%.
Intel declared that its Board of Directors has authorized a share buyback program on Thursday, October 24th that permits the company to buyback $20.00 billion in outstanding shares. This buyback authorization permits the chip maker to repurchase up to 8.7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.
A number of institutional investors and hedge funds have recently modified their holdings of INTC. Fulcrum Capital LLC acquired a new position in shares of Intel in the third quarter valued at $201,000. Intercontinental Wealth Advisors LLC increased its holdings in shares of Intel by 83.0% in the third quarter. Intercontinental Wealth Advisors LLC now owns 992 shares of the chip maker’s stock valued at $51,000 after purchasing an additional 450 shares during the last quarter. Lenox Wealth Advisors LLC increased its holdings in shares of Intel by 117.4% in the third quarter. Lenox Wealth Advisors LLC now owns 1,000 shares of the chip maker’s stock valued at $52,000 after purchasing an additional 540 shares during the last quarter. Next Capital Management LLC acquired a new position in shares of Intel in the second quarter valued at $48,000. Finally, Bourgeon Capital Management LLC acquired a new position in shares of Intel in the third quarter valued at $62,000. Institutional investors and hedge funds own 65.33% of the company’s stock.
INTC has been the topic of a number of research reports. Morgan Stanley lifted their price target on shares of Intel from $64.00 to $65.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Loop Capital set a $50.00 price objective on shares of Intel and gave the company a “hold” rating in a report on Friday, October 18th. SunTrust Banks lifted their price objective on shares of Intel from $58.00 to $60.00 and gave the company a “hold” rating in a report on Friday, October 25th. BMO Capital Markets lifted their price objective on shares of Intel from $50.00 to $53.00 and gave the company a “market perform” rating in a report on Friday, October 25th. Finally, Wells Fargo & Co lifted their price objective on shares of Intel from $55.00 to $58.00 and gave the company a “market perform” rating in a report on Friday, October 25th. Nine research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $56.32.
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.
Featured Article: Consumer behavior in bull markets
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.