Investors Buy High Volume of Intel Corporation Put Options (NASDAQ:INTC)

Intel Corporation (NASDAQ:INTC) was the target of some unusual options trading on Thursday. Investors bought 43,125 put options on the stock. This is an increase of 245% compared to the typical volume of 12,492 put options.

Intel Corporation (INTC) opened at 35.01 on Friday. Intel Corporation has a 12-month low of $33.23 and a 12-month high of $38.45. The firm’s 50-day moving average price is $35.09 and its 200 day moving average price is $35.65. The company has a market capitalization of $164.51 billion, a price-to-earnings ratio of 13.36 and a beta of 1.01.

Intel Corporation (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, July 27th. The chip maker reported $0.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.04. Intel Corporation had a return on equity of 21.86% and a net margin of 20.60%. The firm had revenue of $14.76 billion during the quarter, compared to the consensus estimate of $14.39 billion. During the same period last year, the business posted $0.59 EPS. The business’s revenue was up 9.1% compared to the same quarter last year. On average, analysts expect that Intel Corporation will post $3.01 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, August 7th will be issued a dividend of $0.2725 per share. The ex-dividend date is Thursday, August 3rd. This represents a $1.09 dividend on an annualized basis and a yield of 3.11%. Intel Corporation’s payout ratio is currently 41.76%.

Several research analysts recently weighed in on INTC shares. Sanford C. Bernstein reissued a “sell” rating on shares of Intel Corporation in a research report on Tuesday, April 25th. B. Riley reissued a “buy” rating and set a $44.00 price target on shares of Intel Corporation in a research report on Friday, April 28th. Jefferies Group LLC lowered Intel Corporation to a “hold” rating and upped their price target for the company from $36.00 to $38.00 in a research report on Friday, April 28th. Cowen and Company reissued a “market perform” rating and set a $39.00 price target on shares of Intel Corporation in a research report on Friday, April 28th. Finally, Mizuho reissued a “buy” rating on shares of Intel Corporation in a research report on Friday, April 28th. Five research analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $40.55.

In related news, CFO Robert Holmes Swan bought 13,888 shares of Intel Corporation stock in a transaction dated Monday, June 5th. The stock was acquired at an average cost of $36.31 per share, with a total value of $504,273.28. Following the completion of the acquisition, the chief financial officer now directly owns 8,774 shares in the company, valued at approximately $318,583.94. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brian M. Krzanich sold 72,173 shares of the company’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $33.69, for a total value of $2,431,508.37. Following the sale, the chief executive officer now directly owns 534,746 shares of the company’s stock, valued at $18,015,592.74. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 91,921 shares of company stock valued at $3,130,162. 0.09% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the company. Ally Financial Inc. acquired a new stake in shares of Intel Corporation during the fourth quarter worth $2,720,000. Nations Financial Group Inc. IA ADV increased its stake in shares of Intel Corporation by 1.1% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 24,534 shares of the chip maker’s stock worth $890,000 after buying an additional 275 shares during the last quarter. Marietta Wealth Management LLC acquired a new stake in shares of Intel Corporation during the fourth quarter worth $1,289,000. Pring Turner Capital Group Inc. increased its stake in shares of Intel Corporation by 0.7% in the fourth quarter. Pring Turner Capital Group Inc. now owns 66,709 shares of the chip maker’s stock worth $2,420,000 after buying an additional 490 shares during the last quarter. Finally, Cpcm LLC acquired a new stake in shares of Intel Corporation during the fourth quarter worth $5,202,000. Hedge funds and other institutional investors own 67.31% of the company’s stock.

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About Intel Corporation

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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