Intel Corporation (NASDAQ:INTC) stock is now trading at about $35.09 and lots of rating firms seem to have a target price set on the stock. The stock was sold at an average price of $34.68, for a total transaction of $64,712.88. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Advertisement
Other large investors have made changes to their positions in the company. Checchi Capital Advisers LLC increased its stake in Intel Corp.by 1.2% in the fourth quarter. IFC Holdings Incorporated FL boosted its stake in shares of Intel Corp.by 30.3% in the fourth quarter. Oak Ridge Investments LLC now owns 362,908 shares of the chip maker’s stock worth $12,502,000 after buying an additional 3,812 shares in the last quarter. San Francisco Sentry Investment Group CA boosted its stake in shares of Intel Corp.by 1.1% in the fourth quarter. Finally, K.J. Harrison & Partners Inc boosted its stake in shares of Intel Corp.by 1.5% in the fourth quarter.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Sunday, August 7th will be issued a dividend of $0.26 per share. A reading of 1 and 2 represents fairly priced stocks. The ex-dividend date of this dividend is Wednesday, August 3rd.
In other Intel Corp. news, VP Gregory R. Pearson sold 5,662 shares of the company’s stock in a transaction that occurred on Tuesday, July 26th. 33,033,653 shares of the stock traded, up from an average trading volume of 23,097,300. The company has a 52-week high of $35.93 and a 52-week low of the share price is $24.87. Value investors believe in the notion that a stock’s current market value essentially doesn’t denote the company’s performance. The company has a 50-day moving average of $33.22 and a 200-day moving average of $31.39. This rating has held steady since July, when it was unchanged from a hold rating. Prior to the publication of Intel Corporation’s earnings number, the brokerages have given quarterly EPS target of $0.73. Intel Corporation makes up approx 0.79% of Charter Trust Co’s portfolio.Abner Herrman Brock reduced its stake in INTC by selling 122 shares or 0.75% in the most recent quarter. The company’s revenue was up 2.6% compared to the same quarter a year ago. The Hedge Fund company now holds 122,059 shares of INTC which is valued at $4,150,006.
Out of 32 analysts covering Intel Corporation (NASDAQ:INTC), 17 rate it a “Buy”, 2 “Sell”, while 13 “Hold”.
During the last trading period, the peak price level of the share was $35.23; it means it is top price of day and down price level of the share was $34.70; it means minimum price of the day at which price share traded. This rating has held steady since July, when it was unchanged from a buy rating. That compares with the consensus estimate $13.54B and $0.53/share, respectively. 14 analysts recommend a Buy for Intel stock, nine have suggested an Outperform rating while 15 analysts recommend a Hold for the stock. The PEG ratio is used to determine a stock’s value while taking the company’s earnings growth into account, and is considered to provide a more complete picture than the P/E ratio.
Advertisement
Intel Corporation designs and manufactures integrated digital technology platforms. The Company’s divisions include Client Computing Group, Data Center Group (DCG), Internet of Things Group (IOTG), Software and Services (SSG) and All Other.
