Stock traders buy high volume of Intel call options (NASDAQ:INTC)

Intel Co. (NASDAQ:INTC – Get Rating) saw unusually large options trading on Friday. Stock traders bought 249,298 call options on the stock. This represents a 35% increase from the average daily volume of 184,325 call options.

Intel Price Performance

INTC shares traded at $0.89 at midday on Friday, hitting $26.97. The company had a trading volume of 52,091,293 shares, compared to an average volume of 39,084,809. The company’s 50-day simple moving average is $29.83 and its 200-day simple moving average is 37 $.35. Intel has a 1-year low of $24.59 and a 1-year high of $56.28. The company has a debt ratio of 0.32, a quick ratio of 1.41 and a current ratio of 1.86. The company has a market capitalization of $110.74 billion, a price/earnings ratio of 5.75, a P/E/G ratio of 1.56 and a beta of 0.73.

Intel (NASDAQ:INTC – Get Rating) last released its results on Thursday, July 28. The chipmaker reported EPS of $0.29 for the quarter, missing the consensus estimate of $0.69 per ($0.40). Intel had a return on equity of 16.65% and a net margin of 26.03%. The company posted revenue of $15.30 billion for the quarter, versus analyst estimates of $17.93 billion. In the same quarter a year earlier, the company had earned earnings per share of $1.28. The company’s quarterly revenue was down 17.3% year over year. Analysts expect Intel to post EPS of 2.21 for the current year.

Intel Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1. Investors of record on Monday, November 7 will receive a dividend of $0.365 per share. The ex-dividend date is Friday, November 4. This represents a dividend of $1.46 on an annualized basis and a dividend yield of 5.41%. Intel’s payout ratio is currently 31.26%.

Analysts set new price targets

A number of equity research analysts have weighed in on INTC shares recently. Stifel Nicolaus began Intel coverage in a research note on Wednesday, September 7. They set a “hold” rating and a price target of $32.00 for the company. Northland Securities cut its price target on Intel from $55.00 to $52.00 and set an “outperform” rating on the stock in a Monday, Oct. 10 report. Rosenblatt Securities lowered its target price on Intel from $40.00 to $30.00 and placed a “sell” rating on the stock in a Friday, July 29 report. Deutsche Bank Aktiengesellschaft lowered its price target on Intel from $35.00 to $32.00 and placed a “hold” rating on the stock in a research report Tuesday. Finally, StockNews.com began covering Intel in a research report on Wednesday, October 12. They issued a “hold” rating on the stock. Ten research analysts rated the stock with a sell rating, thirteen gave the stock a hold rating and four gave the stock a buy rating. Based on data from MarketBeat.com, Intel currently has a consensus rating of “Hold” and an average price target of $40.38.

Insider buying and selling

Separately, CEO Patrick P. Gelsinger purchased 14,800 shares of the company in a trade on Wednesday, August 24. The shares were acquired at an average cost of $33.86 per share, with a total value of $501,128.00. Following completion of the transaction, the CEO now owns 77,216 shares of the company, valued at approximately $2,614,533.76. The transaction was disclosed in a filing with the SEC, which is available on the SEC’s website. 0.02% of the shares are held by insiders.

Institutional entries and exits

A number of institutional investors have recently changed their stock portfolios. Landmark Wealth Management LLC acquired a new position in Intel during the first quarter worth $31,000. Lansing Street Advisors acquired a new position in Intel during the first quarter worth $28,000. Lloyd Advisory Services LLC. increased its stake in Intel by 2,835.0% during the first quarter. Lloyd Advisory Services LLC. now owns 587 shares of the chipmaker worth $29,000 after buying an additional 567 shares in the last quarter. Apeiron RIA LLC acquired a new position in Intel during the second quarter worth $26,000. Finally, Grayhawk Investment Strategies Inc. acquired a new position in Intel during the second quarter worth $36,000. Institutional investors and hedge funds hold 61.52% of the company’s shares.

About Intel

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Intel Corporation engages in the design, manufacture, and sale of computing products and technologies worldwide. The Company operates through CCG, DCG, IOTG, Mobileye, NSG, PSG and All Others segments. It offers platform products, such as central processing units and chipsets, as well as system-on-chip and multi-chip packages; and off-platform or adjacent products, including accelerators, boards and systems, connectivity products, graphics, and memory and storage products.

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