Intel Corporation (NASDAQ:INTC) Chairman Andy D. Bryant sold 89,087 shares of the company’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $44.80, for a total value of $3,991,097.60. Following the completion of the transaction, the chairman now owns 428,789 shares of the company’s stock, valued at $19,209,747.20. The transaction was disclosed in a filing with the SEC, which is available at this link.

Intel Corporation (NASDAQ:INTC) traded up 2.52% during midday trading on Tuesday, reaching $45.49. The company’s stock had a trading volume of 47,000,920 shares. Intel Corporation has a one year low of $33.23 and a one year high of $45.80. The stock has a market cap of $213.76 billion, a price-to-earnings ratio of 17.36 and a beta of 1.07. The stock’s 50 day moving average price is $38.97 and its 200-day moving average price is $36.36.

Intel Corporation (NASDAQ:INTC) last posted its earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.21. Intel Corporation had a net margin of 22.31% and a return on equity of 22.65%. The business had revenue of $16.15 billion for the quarter, compared to analyst estimates of $15.73 billion. During the same period in the prior year, the company posted $0.80 EPS. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, analysts forecast that Intel Corporation will post $3.24 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Tuesday, November 7th will be paid a dividend of $0.2725 per share. This represents a $1.09 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend is Monday, November 6th. Intel Corporation’s payout ratio is currently 38.11%.

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Several hedge funds have recently bought and sold shares of INTC. Waldron LP boosted its stake in shares of Intel Corporation by 42.6% during the 1st quarter. Waldron LP now owns 14,242 shares of the chip maker’s stock worth $510,000 after acquiring an additional 4,257 shares in the last quarter. Rehmann Capital Advisory Group boosted its stake in shares of Intel Corporation by 10.0% during the 1st quarter. Rehmann Capital Advisory Group now owns 56,222 shares of the chip maker’s stock worth $2,028,000 after acquiring an additional 5,117 shares in the last quarter. UMB Bank N A MO boosted its stake in shares of Intel Corporation by 0.4% during the 1st quarter. UMB Bank N A MO now owns 248,732 shares of the chip maker’s stock worth $8,972,000 after acquiring an additional 891 shares in the last quarter. IFC Holdings Incorporated FL boosted its stake in shares of Intel Corporation by 9.1% during the 1st quarter. IFC Holdings Incorporated FL now owns 54,650 shares of the chip maker’s stock worth $1,971,000 after acquiring an additional 4,543 shares in the last quarter. Finally, Foster & Motley Inc. boosted its stake in shares of Intel Corporation by 6.9% during the 1st quarter. Foster & Motley Inc. now owns 133,602 shares of the chip maker’s stock worth $4,819,000 after acquiring an additional 8,651 shares in the last quarter. 67.07% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have recently issued reports on INTC shares. Canaccord Genuity reiterated a “buy” rating and issued a $38.00 price objective on shares of Intel Corporation in a report on Wednesday, July 12th. Hilliard Lyons started coverage on Intel Corporation in a report on Wednesday, July 12th. They set a “buy” rating and a $41.00 target price for the company. Needham & Company LLC restated a “buy” rating and set a $43.00 target price on shares of Intel Corporation in a report on Wednesday, July 12th. Stifel Nicolaus restated a “buy” rating and set a $39.00 target price on shares of Intel Corporation in a report on Friday, July 14th. Finally, MKM Partners restated a “buy” rating and set a $42.00 target price on shares of Intel Corporation in a report on Tuesday, July 18th. Five research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Intel Corporation presently has an average rating of “Buy” and an average target price of $42.80.

Intel Corporation Company Profile

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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