Navin Shenoy Sells 716 Shares of Intel Co. (INTC) Stock
Intel Co. (NASDAQ:INTC) EVP Navin Shenoy sold 716 shares of Intel stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $49.25, for a total transaction of $35,263.00. Following the completion of the transaction, the executive vice president now directly owns 21,135 shares in the company, valued at $1,040,898.75. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Navin Shenoy also recently made the following trade(s):
- On Friday, January 26th, Navin Shenoy sold 1,643 shares of Intel stock. The shares were sold at an average price of $49.28, for a total transaction of $80,967.04.
- On Wednesday, January 24th, Navin Shenoy sold 2,155 shares of Intel stock. The shares were sold at an average price of $45.63, for a total transaction of $98,332.65.
Shares of Intel Co. (INTC) traded down $0.24 during midday trading on Friday, reaching $47.41. The company’s stock had a trading volume of 3,959,199 shares, compared to its average volume of 40,851,457. Intel Co. has a 1 year low of $33.23 and a 1 year high of $50.85. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.69 and a quick ratio of 1.29. The firm has a market capitalization of $221,390.00, a price-to-earnings ratio of 23.89, a PEG ratio of 1.63 and a beta of 1.07.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Wednesday, February 7th will be paid a $0.30 dividend. This is a boost from Intel’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Tuesday, February 6th. This represents a $1.20 annualized dividend and a dividend yield of 2.53%. Intel’s dividend payout ratio is presently 55.05%.
Large investors have recently added to or reduced their stakes in the company. Cedar Capital LLC boosted its stake in Intel by 15.6% during the fourth quarter. Cedar Capital LLC now owns 13,138 shares of the chip maker’s stock valued at $606,000 after buying an additional 1,769 shares in the last quarter. WealthTrust Axiom LLC boosted its stake in Intel by 1.1% during the fourth quarter. WealthTrust Axiom LLC now owns 146,349 shares of the chip maker’s stock valued at $6,755,000 after buying an additional 1,581 shares in the last quarter. Summit Securities Group LLC bought a new position in Intel during the fourth quarter valued at about $702,000. Goodman Financial Corp bought a new position in Intel during the fourth quarter valued at about $102,000. Finally, Family Legacy Inc. boosted its stake in Intel by 46.7% during the fourth quarter. Family Legacy Inc. now owns 63,081 shares of the chip maker’s stock valued at $2,912,000 after buying an additional 20,081 shares in the last quarter. 67.56% of the stock is owned by institutional investors.
INTC has been the topic of a number of recent research reports. Stifel Nicolaus lifted their target price on shares of Intel from $41.00 to $46.00 and gave the company a “buy” rating in a report on Friday, October 20th. Barclays reiterated a “buy” rating and issued a $55.00 price objective on shares of Intel in a research report on Monday, November 13th. Vetr upgraded shares of Intel from a “buy” rating to a “strong-buy” rating and set a $44.36 price objective on the stock in a research report on Wednesday, October 11th. Goldman Sachs Group set a $43.00 price objective on shares of Intel and gave the company a “neutral” rating in a research report on Tuesday, December 12th. Finally, BidaskClub lowered shares of Intel from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 27th. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty have issued a buy rating to the company’s stock. Intel has an average rating of “Buy” and an average target price of $49.10.
TRADEMARK VIOLATION NOTICE: This report was first posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are reading this report on another site, it was stolen and republished in violation of US & international trademark & copyright law. The original version of this report can be accessed at https://theolympiareport.com/2018/02/02/navin-shenoy-sells-716-shares-of-intel-co-intc-stock.html.
Intel 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).
Receive News & Ratings for Intel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel and related companies with MarketBeat.com's FREE daily email newsletter.