Intel Corporation (NASDAQ:INTC) CEO Brian M. Krzanich sold 61,860 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $38.74, for a total value of $2,396,456.40. Following the transaction, the chief executive officer now directly owns 543,948 shares in the company, valued at $21,072,545.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Intel Corporation (INTC) opened at 39.53 on Friday. Intel Corporation has a one year low of $33.23 and a one year high of $39.70. The stock has a 50 day moving average price of $36.36 and a 200-day moving average price of $35.75. The stock has a market capitalization of $185.75 billion, a P/E ratio of 15.09 and a beta of 1.07.

Intel Corporation (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, July 27th. The chip maker reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.04. Intel Corporation had a return on equity of 21.86% and a net margin of 20.60%. The business had revenue of $14.76 billion for the quarter, compared to analyst estimates of $14.39 billion. During the same quarter in the prior year, the company earned $0.59 earnings per share. The company’s revenue was up 9.1% on a year-over-year basis. Analysts anticipate that Intel Corporation will post $3.01 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Tuesday, November 7th will be given a dividend of $0.2725 per share. This represents a $1.09 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date is Monday, November 6th. Intel Corporation’s dividend payout ratio is currently 41.76%.

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Institutional investors have recently bought and sold shares of the company. Watermark Asset Management Inc. purchased a new stake in shares of Intel Corporation during the first quarter worth $113,000. Acrospire Investment Management LLC increased its position in shares of Intel Corporation by 111.8% during the second quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock worth $121,000 after acquiring an additional 1,900 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its position in shares of Intel Corporation by 53.0% during the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,040 shares of the chip maker’s stock worth $146,000 after acquiring an additional 1,400 shares during the period. Vigilant Capital Management LLC increased its position in shares of Intel Corporation by 22.6% during the first quarter. Vigilant Capital Management LLC now owns 4,373 shares of the chip maker’s stock worth $158,000 after acquiring an additional 805 shares during the period. Finally, Orrstown Financial Services Inc. increased its position in shares of Intel Corporation by 23.0% during the second quarter. Orrstown Financial Services Inc. now owns 4,582 shares of the chip maker’s stock worth $155,000 after acquiring an additional 857 shares during the period. 67.03% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have recently issued reports on INTC shares. Hilliard Lyons started coverage on Intel Corporation in a report on Wednesday, July 12th. They set a “buy” rating and a $41.00 price target on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $43.00 price target on shares of Intel Corporation in a report on Wednesday, July 12th. Canaccord Genuity reaffirmed a “buy” rating and set a $38.00 price target on shares of Intel Corporation in a report on Wednesday, July 12th. Stifel Nicolaus reaffirmed a “buy” rating and set a $39.00 price target on shares of Intel Corporation in a report on Friday, July 14th. Finally, MKM Partners reaffirmed a “buy” rating and set a $42.00 price target on shares of Intel Corporation in a report on Tuesday, July 18th. Five research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-five have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $40.51.

About Intel Corporation

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).

Insider Buying and Selling by Quarter for Intel Corporation (NASDAQ:INTC)

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