Intel Corp. (INTC) CEO Brian M. Krzanich Sells 67,508 Shares of Stock
Intel Corp. (NASDAQ:INTC) CEO Brian M. Krzanich sold 67,508 shares of the company’s stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $37.71, for a total value of $2,545,726.68. Following the completion of the sale, the chief executive officer now directly owns 420,506 shares of the company’s stock, valued at $15,857,281.26. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Intel Corp. (NASDAQ:INTC) opened at 37.99 on Thursday. The company has a 50-day moving average of $36.38 and a 200 day moving average of $33.40. The firm has a market cap of $179.73 billion, a price-to-earnings ratio of 18.42 and a beta of 1.09. Intel Corp. has a 52-week low of $27.68 and a 52-week high of $38.31.
Intel Corp. (NASDAQ:INTC) last released its quarterly earnings data on Wednesday, July 20th. The chip maker reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.06. The company had revenue of $13.50 billion for the quarter, compared to analyst estimates of $13.54 billion. Intel Corp. had a net margin of 17.84% and a return on equity of 19.99%. Intel Corp.’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.55 EPS. On average, equities research analysts anticipate that Intel Corp. will post $2.58 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Monday, November 7th will be paid a dividend of $0.26 per share. The ex-dividend date is Thursday, November 3rd. This represents a $1.04 annualized dividend and a dividend yield of 2.74%. Intel Corp.’s dividend payout ratio is presently 50.24%.
INTC has been the subject of a number of research analyst reports. Vetr cut Intel Corp. from a “strong-buy” rating to a “buy” rating and set a $34.92 target price for the company. in a research report on Wednesday, June 8th. Wells Fargo & Co. reaffirmed a “buy” rating on shares of Intel Corp. in a research report on Wednesday, June 8th. Pacific Crest raised Intel Corp. to an “outperform” rating in a research report on Monday, June 13th. Sanford C. Bernstein reaffirmed a “sell” rating on shares of Intel Corp. in a research report on Monday, June 13th. Finally, Zacks Investment Research raised Intel Corp. from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a research report on Tuesday, June 21st. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Intel Corp. has a consensus rating of “Buy” and an average target price of $39.59.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in INTC. Emerald Acquisition Ltd. purchased a new position in Intel Corp. during the second quarter valued at $295,226,000. Dimensional Fund Advisors LP raised its position in Intel Corp. by 23.4% in the second quarter. Dimensional Fund Advisors LP now owns 45,685,548 shares of the chip maker’s stock valued at $1,498,217,000 after buying an additional 8,662,708 shares in the last quarter. Capital World Investors raised its position in Intel Corp. by 5.1% in the second quarter. Capital World Investors now owns 167,047,690 shares of the chip maker’s stock valued at $5,479,164,000 after buying an additional 8,095,076 shares in the last quarter. Institutional Capital LLC raised its position in Intel Corp. by 360.2% in the first quarter. Institutional Capital LLC now owns 10,182,033 shares of the chip maker’s stock valued at $329,388,000 after buying an additional 7,969,512 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in Intel Corp. by 1.9% in the second quarter. Vanguard Group Inc. now owns 299,534,545 shares of the chip maker’s stock valued at $9,824,733,000 after buying an additional 5,697,051 shares in the last quarter. Institutional investors own 64.77% of the company’s stock.
About Intel Corp.
Intel Corporation is engaged in the design and manufacture of digital technology platforms. The Company’s segments include Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Software and Services (SSG) and All Other. CCG segment includes platforms designed for notebooks (including Ultrabook devices), 2 in 1 systems, desktops (including all-in-ones and personal computers (PCs)), tablets, phones, wireless and wired connectivity products, and mobile communication components.
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