Intel Co. (NASDAQ:INTC) EVP Navin Shenoy sold 2,847 shares of the firm’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $48.18, for a total value of $137,168.46. Following the completion of the transaction, the executive vice president now owns 71,807 shares in the company, valued at approximately $3,459,661.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Navin Shenoy also recently made the following trade(s):

  • On Wednesday, July 1st, Navin Shenoy sold 7,018 shares of Intel stock. The stock was sold at an average price of $59.83, for a total value of $419,886.94.

Shares of INTC stock opened at $47.73 on Friday. The company has a market cap of $204.10 billion, a P/E ratio of 8.79, a PEG ratio of 1.32 and a beta of 0.78. The stock has a 50 day simple moving average of $58.00 and a two-hundred day simple moving average of $59.19. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.58 and a current ratio of 1.97. Intel Co. has a fifty-two week low of $43.63 and a fifty-two week high of $69.29.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, July 23rd. The chip maker reported $1.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.12. The business had revenue of $19.73 billion during the quarter, compared to the consensus estimate of $18.54 billion. Intel had a return on equity of 31.55% and a net margin of 29.97%. During the same period in the previous year, the company posted $1.06 earnings per share. On average, research analysts predict that Intel Co. will post 4.85 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 7th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Thursday, August 6th. This represents a $1.32 dividend on an annualized basis and a yield of 2.77%. Intel’s payout ratio is currently 27.10%.

Hedge funds have recently modified their holdings of the business. Modus Advisors LLC purchased a new position in shares of Intel during the second quarter valued at approximately $25,000. Price Wealth LLC boosted its position in shares of Intel by 119.5% during the second quarter. Price Wealth LLC now owns 461 shares of the chip maker’s stock valued at $28,000 after buying an additional 251 shares during the last quarter. Lion Street Advisors LLC purchased a new position in shares of Intel during the first quarter valued at approximately $29,000. Marshall & Sullivan Inc. WA purchased a new position in shares of Intel during the second quarter valued at approximately $60,000. Finally, Horan Securities Inc. purchased a new position in shares of Intel during the first quarter valued at approximately $66,000. Institutional investors and hedge funds own 64.95% of the company’s stock.

A number of research analysts recently commented on the company. Jefferies Financial Group raised their price target on Intel from $53.00 to $62.00 and gave the stock a “hold” rating in a research report on Wednesday, April 22nd. Cowen decreased their price target on Intel from $64.00 to $60.00 and set a “market perform” rating on the stock in a research report on Friday, April 24th. Citigroup reaffirmed a “hold” rating and issued a $58.00 price objective on shares of Intel in a research note on Tuesday, June 23rd. Loop Capital reduced their price objective on Intel from $59.00 to $50.00 and set a “sell” rating on the stock in a research note on Friday, July 24th. Finally, SunTrust Banks raised their price objective on Intel from $58.00 to $59.00 and gave the company a “hold” rating in a research note on Friday, April 24th. Twelve analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and fifteen have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $61.67.

About Intel

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.

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