Intel Corporation (NASDAQ:INTC) produced a 21.79% rally since recording the worst price of $42.36. Thanks to the latest -1.09% decrease, it now trades at $51.59. Throughout the trading on 7/26/2019, the share price floated between $51.53 and $53.5. This company shares are -0.27% up from its target price of $51.45 and the current market capitalization stands at $233.52B. The recent change has given its price a 9.49% lead over SMA 50 and -13.43% deficit over its 52-week high. The stock witnessed 7.06% gains, -1.6% declines and 9.67% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found INTC’s volatility during a week at 2.42% and during a month it has been found around 1.85%.
What Does Intel Corporation (INTC) Do?
The company describes itself in regulatory filings as, “Intel Corp. engages in the design, manufacture, and sale of computer products and technologies. It delivers computer, networking, data storage and communications platforms. It operates its business through the following segments: Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions and All Other. The Client Computing Group segment consists of platforms designed for notebooks, 2 in 1 systems, desktops, tablets, phones, wireless and wired connectivity products, and mobile communication components. The Data Center Group segment includes workload-optimized platforms and related products designed for enterprise, cloud, and communication infrastructure market. The Internet of Things Group segment comprises of platforms such as retail, transportation, industrial, video, buildings and smart cities, along with a broad range of other market segments. The Non-Volatile Memory Solutions Group segment constitutes of NAND flash memory products primarily used in solid-state drives. The Programmable Solutions Group segment contains programmable semiconductors and related products for a broad range of markets, including communications, data center, industrial, military, and automotive. The All Other segment consists of results from other non-reportable segment and corporate-related charges. The company was founded by Robert Norton Noyce and Gordon Earle Moore on July 18, 1968 and is headquartered in Santa Clara, CA.” [Text can be found here: https://www.marketwatch.com/investing/stock/INTC/profile under company description.]Intel Corporation (INTC) Top Holders
Institutional investors currently hold around $154.54 billion or 68.5% in INTC stock. Look at its top three institutional owners: Vanguard Group Inc owns $18.64 billion in Intel Corporation, which represents roughly 7.98% of the company’s market cap and approximately 12.06% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 292,112,002 shares of the stock are valued at $15.07 billion. The third largest holder is State Street Corp, which currently holds $10.13 billion worth of this stock and that ownership represents nearly 4.34% of its market capitalization.Intel Corporation 13F Filings
At the end of March reporting period, 1,044 institutional holders increased their position in Intel Corporation (NASDAQ:INTC) by some 86,396,944 shares, 1,245 decreased positions by 129,111,029 and 196 held positions by 2,780,000,000. That puts total institutional holdings at 2,996,000,000 shares, according to SEC filings. The stock grabbed 122 new institutional investments totaling 13,043,601 shares while 123 institutional investors sold out their entire positions totaling 15,768,016 shares.Intel Corporation (NASDAQ:INTC) Insider Trades
Multiple company employees have indulged in significant insider trading. Intel Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that EVP, GM – Data Center Group Shenoy Navin has sold 8,552 shares of Intel Corporation (INTC) in the trading session dated Jun. 18, 2019. These shares are worth $400,063 and were traded at $46.78 each. The SEC filing shows that Shenoy Navin performed a sale of 1,254 shares. The EVP, GM – Data Center Group disposed these shares by way of transaction on May. 02, 2019. The company’s shares were given away at $50.8 per share worth to an income of some $63,703 to the account of Shenoy Navin.
EVP, GM – Data Center Group, Shenoy Navin, sold 1,404 common shares of Intel Corporation (INTC) in the open market. In a transaction dated May. 01, 2019, the shares were put up for sale at an average price of $51.08, raking in a sum of $71,716. After this sale, 51,871 common shares of INTC are directly owned by the insider, with total stake valued at $2,676,025.
In the transaction dated Apr. 30, 2019, a great number of shares sold came courtesy the EVP, GM – Data Center Group; Shenoy Navin disposed a total of 611 shares at an average price of $51, amounting to approximately $31,161. The insider now directly owns 50,427 shares worth $2,601,529.Intel Corporation (INTC) Analyst Guide
Several analysts have released their opinion on Intel Corporation (NASDAQ:INTC), with 5 analysts believing it is a strong buy. Whereas 17 of them predict the stock is a hold. Also, there are 8 buy, 8 sell and 3 strong sell ratings, collectively assigning a 2.9 average brokerage recommendation [T1].