It has been reported that multiple insider activity took place at Intel Corporation (INTC). EVP General Counsel Rodgers Steven Ralph sold 25,170 shares for $48,140 in transaction occurred on 2019/04/03. After making this transaction, EVP General Counsel owns a direct stake of 3 shares, worth $2,716,059, as per the last closing price. On 2019/03/18 Shenoy Navin, EVP, GM – Data Center Group at INTC, dumped 8,551 shares at an average price of $54.33 per share. The selling total is valued at $2,845,091.
Chairman, BRYANT ANDY D had divested 11,734 shares for $445,818 through a trade on 2019/02/26. Following this activity, the insider holds 6 shares worth $25,153,050 as of recent close.
Vanguard Total Stock Market Index Fund revealed as top hedge fund owner in Intel Corporation (INTC) with a stake of over 117.28M INTC shares as of September 29, with a market value of approx. $5.55B as of today. The second largest holder, Vanguard 500 Index Fund, with 85.86M shares which equates to $4.06B worth of the stock. At third is Washington Mutual Investors Fund, which stood pat with 62.38M shares, a 1.15% position in Intel Corporation, worth $2.93B. The insider holding in stood at 0.05% while institutions hold 68.9%.
Intel Corporation (NASDAQ:INTC) rose 1.11% in recent trade and currently has a stock-market value of $255.18B. The shares finished at $56.42, after trading as low as $55.84 earlier in the session. It hit an intraday high Friday at $56.49. Trading activity significantly weakened as the volume at ready counter decreased to 12,910,185 shares versus 16,997,475 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 22,809,012 shares. The stock is now 33.19% above against its bear-market low of $42.36 on October 24, 2018. It has retreated -2.09% since it’s 52-week high of $57.6 reached in June. Now the market price is up 7.02% on the year and up 20.22% YTD.
INTC stock’s 50 day simple moving average (SMA 50) price is $52.92 and its 200-day simple moving average (SMA 200) price is $49.06. The company’s stock currently has a total float of 4.49B shares. Its weekly volatility is hovering around 0.97% and felt 1.45% volatility in price over a month. On the upside, the share price will test short term resistance at around $56.66. On a downside, the stock is likely to find some support, which begins at $56.01. The failure to get near-term support could push it to $55.6.
It had seen a negative analyst call from Wells Fargo, which downgraded the stock from Outperform to Market Perform on April 05. Analysts at Nomura, started covering the stock on April 03 with a Buy rating. The stock won favor of Morgan Stanley analysts who expressed their confidence in it using an upgrade from Equal-Weight to Overweight on February 22. Susquehanna analysts came out with bearish views on January 25 when the call was made. They think the stock is now Neutral compared to to their prior call for Positive.
When looking at valuations, Intel Corporation (INTC) has a pricey P/E of 12.76x as compared to industry average of 9.41x. Moreover, it trades for 11.94 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 3.44x price/book and 3.6x price/sales. Compared to others, Intel Corporation is in a different league with regards to profitability, having net margins of 29.7%. To put some perspective around this, the industry’s average net margin is 21.34%. INTC’s ROE is 29.4%, which is also considerably better than the industry’s ROE of 9.54%. It’s also very liquid in the near term, with a current ratio of 1.7. The stock has a debt/capital of 0.35.
Shares of INTC have gained 13.4% since the company’s most recent earnings report. Over the past 12 fiscal quarters, Intel Corporation (NASDAQ:INTC) has topped consensus earnings estimates in 12 quarters (100%), missed earnings in 0 quarters (0%), whereas at 0 occasion EPS met analyst expectations. INTC last reported earnings that exceeded expectations. The company raked in $1.28 per share, -72.41% change on the same period last year. That was better than consensus for $1.22. Revenue for the recent quarter stood at $18.66 billion, up 9% on last year and below the $19 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $16.1 billion to $17.6 billion, which should be compared with $16.35 billion generated last year. EPS is seen in a range of $0.92 to $1.1, against the $0.89 reported a year ago.