Intel Corporation Target of Unusually High Options Trading (INTC)

Intel Corporation (NASDAQ:INTC) was the target of some unusual options trading activity on Monday. Stock investors acquired 34,978 call options on the stock. This represents an increase of 141% compared to the average volume of 14,491 call options.

Shares of Intel Corporation (INTC) opened at 35.21 on Friday. Intel Corporation has a 52-week low of $30.44 and a 52-week high of $38.45. The company has a market capitalization of $165.80 billion, a price-to-earnings ratio of 15.24 and a beta of 0.98. The firm’s 50-day moving average is $36.03 and its 200 day moving average is $36.11.

Intel Corporation (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, April 27th. The chip maker reported $0.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.01. The firm had revenue of $14.80 billion for the quarter, compared to the consensus estimate of $14.80 billion. Intel Corporation had a net margin of 18.57% and a return on equity of 21.48%. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.54 EPS. On average, equities research analysts anticipate that Intel Corporation will post $2.86 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 1st. Shareholders of record on Sunday, May 7th were issued a dividend of $0.2725 per share. This represents a $1.09 dividend on an annualized basis and a yield of 3.10%. This is an increase from Intel Corporation’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Wednesday, May 3rd. Intel Corporation’s payout ratio is currently 47.39%.

In other news, insider Stacy J. Smith sold 29,497 shares of Intel Corporation stock in a transaction dated Friday, April 21st. The shares were sold at an average price of $36.28, for a total transaction of $1,070,151.16. Following the sale, the insider now directly owns 318,654 shares in the company, valued at approximately $11,560,767.12. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Diane M. Bryant sold 1,639 shares of Intel Corporation stock in a transaction dated Tuesday, April 25th. The shares were sold at an average price of $36.85, for a total transaction of $60,397.15. Following the sale, the insider now owns 113,357 shares in the company, valued at $4,177,205.45. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 47,821 shares of company stock worth $1,734,851. 0.09% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of INTC. MEMBERS Trust Co increased its position in Intel Corporation by 1.2% in the third quarter. MEMBERS Trust Co now owns 20,912 shares of the chip maker’s stock worth $789,000 after buying an additional 257 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new position in Intel Corporation during the third quarter worth about $46,984,000. Garde Capital Inc. increased its position in Intel Corporation by 34.5% in the third quarter. Garde Capital Inc. now owns 32,872 shares of the chip maker’s stock worth $991,000 after buying an additional 8,433 shares in the last quarter. Water Island Capital LLC increased its position in Intel Corporation by 30.1% in the third quarter. Water Island Capital LLC now owns 29,242 shares of the chip maker’s stock worth $1,104,000 after buying an additional 6,767 shares in the last quarter. Finally, Cable Hill Partners LLC increased its position in Intel Corporation by 11.2% in the third quarter. Cable Hill Partners LLC now owns 17,961 shares of the chip maker’s stock worth $684,000 after buying an additional 1,812 shares in the last quarter. 68.30% of the stock is currently owned by hedge funds and other institutional investors.

INTC has been the topic of several recent research reports. Sanford C. Bernstein lowered shares of Intel Corporation from a “market perform” rating to an “underperform” rating and decreased their target price for the company from $36.00 to $30.00 in a research report on Tuesday, February 28th. Wells Fargo & Company reiterated an “outperform” rating and set a $45.00 target price on shares of Intel Corporation in a research report on Thursday, April 6th. Robert W. Baird reiterated an “outperform” rating and set a $42.00 target price on shares of Intel Corporation in a research report on Tuesday, March 28th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Intel Corporation from a “sell” rating to a “hold” rating in a report on Monday, May 1st. Finally, B. Riley reissued a “buy” rating and set a $44.00 price target on shares of Intel Corporation in a report on Thursday, March 23rd. Four research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $40.42.

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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).

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