Intel Co. (NASDAQ:INTC) EVP Navin Shenoy sold 4,522 shares of the firm’s stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $50.00, for a total value of $226,100.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of NASDAQ INTC opened at $48.37 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.51. The firm has a market capitalization of $223.39 billion, a P/E ratio of 13.98, a P/E/G ratio of 1.25 and a beta of 0.91. Intel Co. has a 52-week low of $42.04 and a 52-week high of $57.60.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, October 25th. The chip maker reported $1.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.25. The business had revenue of $19.16 billion for the quarter, compared to analysts’ expectations of $18.11 billion. Intel had a return on equity of 29.64% and a net margin of 21.91%. As a group, research analysts expect that Intel Co. will post 4.53 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Saturday, December 1st. Investors of record on Wednesday, November 7th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend was Tuesday, November 6th. Intel’s payout ratio is 34.68%.

Intel declared that its Board of Directors has initiated a share buyback program on Thursday, November 15th that authorizes the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization authorizes the chip maker to repurchase up to 6.8% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

Several research firms recently commented on INTC. BNP Paribas set a $53.00 target price on Intel and gave the company a “neutral” rating in a research report on Tuesday. Northland Securities cut Intel from a “market perform” rating to an “under perform” rating in a research report on Tuesday. ValuEngine upgraded Intel from a “sell” rating to a “hold” rating in a research report on Saturday, December 1st. DZ Bank cut Intel from a “buy” rating to a “hold” rating and set a $50.00 target price on the stock. in a research report on Thursday, November 29th. Finally, UBS Group cut Intel from a “buy” rating to a “hold” rating in a research report on Thursday, November 29th. Six analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nineteen have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $55.60.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Intel by 0.8% in the third quarter. Vanguard Group Inc. now owns 358,346,977 shares of the chip maker’s stock worth $16,946,229,000 after buying an additional 2,892,357 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Intel by 1.1% in the second quarter. Dimensional Fund Advisors LP now owns 51,466,042 shares of the chip maker’s stock worth $2,558,294,000 after buying an additional 559,856 shares during the period. LSV Asset Management boosted its position in shares of Intel by 0.7% in the third quarter. LSV Asset Management now owns 25,251,096 shares of the chip maker’s stock worth $1,194,124,000 after buying an additional 186,641 shares during the period. Fisher Asset Management LLC boosted its position in shares of Intel by 3.1% in the third quarter. Fisher Asset Management LLC now owns 24,155,799 shares of the chip maker’s stock worth $1,142,328,000 after buying an additional 720,022 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Intel by 2.3% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 16,077,912 shares of the chip maker’s stock worth $760,324,000 after buying an additional 363,376 shares during the period. Institutional investors and hedge funds own 64.42% of the company’s stock.

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About Intel

Intel Corporation designs, manufactures, and sells computer, networking, data storage, and communication platforms worldwide. The company operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments.

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