Aggressive’ Bullish Options Activity Seen in Intel Corporation


 Aggressive' Bullish Options Activity Seen in Intel Corporation

In today’s session Intel Corporation (INTC) registered an unusually high (629) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the April, 2017 call, expecting serious INTC increase. With 629 contracts traded and 4574 open interest for the Apr, 17 contract, it seems this is a quite bullish bet. The option with symbol: INTC170421C00041000 closed last at: $0.99 or 12.5% up. About 14.38M shares traded hands. Intel Corporation (NASDAQ:INTC) has risen 24.00% since March 1, 2016 and is uptrending. It has outperformed by 14.76% the S&P500.

Analysts await Intel Corporation (NASDAQ:INTC) to report earnings on October, 11. They expect $0.66 earnings per share, up 3.13% or $0.02 from last year’s $0.64 per share. INTC’s profit will be $3.12B for 14.20 P/E if the $0.66 EPS becomes a reality. After $0.59 actual earnings per share reported by Intel Corporation for the previous quarter, Wall Street now forecasts 11.86% EPS growth.

Intel Corporation (NASDAQ:INTC) Ratings Coverage

Out of 42 analysts covering Intel Corporation (NASDAQ:INTC), 26 rate it a “Buy”, 2 “Sell”, while 14 “Hold”. This means 62% are positive. $60.0 is the highest target while $25 is the lowest. The $39.11 average target is 4.29% above today’s ($37.5) stock price. Intel Corporation has been the topic of 114 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The stock has “Overweight” rating given by Pacific Crest on Thursday, July 21. Nomura maintained it with “Buy” rating and $38 target price in Tuesday, August 2 report. Northland Capital downgraded Intel Corporation (NASDAQ:INTC) on Wednesday, April 20 to “Market Perform” rating. The rating was initiated by Roth Capital with “Buy” on Thursday, September 1. On Thursday, July 21 the stock rating was maintained by Oppenheimer with “Perform”. The stock of Intel Corporation (NASDAQ:INTC) earned “Buy” rating by Jefferies on Friday, August 21. The rating was downgraded by BNP Paribas on Monday, April 4 to “Neutral”. The stock of Intel Corporation (NASDAQ:INTC) has “Buy” rating given on Thursday, July 21 by Canaccord Genuity. The firm has “Outperform” rating given on Monday, January 25 by Macquarie Research. The stock of Intel Corporation (NASDAQ:INTC) has “Outperform” rating given on Friday, January 15 by Wedbush.

Insitutional Activity: The institutional sentiment decreased to 1.01 in Q2 2016. Its down 0.06, from 1.07 in 2016Q1. The ratio dived, as 66 funds sold all Intel Corporation shares owned while 650 reduced positions. 89 funds bought stakes while 637 increased positions. They now own 2.94 billion shares or 2.38% less from 3.01 billion shares in 2016Q1.
Perritt Cap has invested 0.11% of its portfolio in Intel Corporation (NASDAQ:INTC). Schulhoff has 40,266 shares for 0.82% of their US portfolio. Nichols Asset Mngmt Llc has invested 1.79% of its portfolio in Intel Corporation (NASDAQ:INTC). Burnham Asset Ny has 0.14% invested in the company for 15,350 shares. Hudson Valley Inv Advsrs Adv holds 1.74% or 165,703 shares in its portfolio. Albion Fincl Grp Inc Ut has invested 0.14% of its portfolio in Intel Corporation (NASDAQ:INTC). The California-based Spectrum Asset Mgmt (Nb Ca) has invested 0.45% in Intel Corporation (NASDAQ:INTC). Sonata Capital Gp accumulated 0.33% or 11,733 shares. Arizona State Retirement Systems has 0.79% invested in the company for 1.71 million shares. The Michigan-based Telemus Capital Ltd Liability Company has invested 0.16% in Intel Corporation (NASDAQ:INTC). Vaughan Nelson Invest Management Lp holds 0.02% of its portfolio in Intel Corporation (NASDAQ:INTC) for 38,000 shares. Calamos Wealth Mgmt Lc has 0.47% invested in the company for 80,328 shares. Peoples Financial Services Corp holds 0.64% of its portfolio in Intel Corporation (NASDAQ:INTC) for 31,806 shares. The Texas-based Bridgeway Capital Management Inc has invested 0.24% in Intel Corporation (NASDAQ:INTC). Pictet North America Sa has 46,574 shares for 0.36% of their US portfolio.

Insider Transactions: Since April 21, 2016, the stock had 0 insider purchases, and 12 sales for $38.76 million net activity. Smith Stacy J had sold 29,497 shares worth $1.02 million. 185,740 shares were sold by BRYANT ANDY D, worth $5.94 million. Krzanich Brian M had sold 71,413 shares worth $2.17 million on Monday, May 23. Another trade for 13,997 shares valued at $485,841 was sold by RENDUCHINTALA VENKATA S M. PEARSON GREGORY R sold $9.13 million worth of stock or 250,192 shares. $144,286 worth of shares were sold by HOLT WILLIAM M on Tuesday, April 26.

Intel Corporation is engaged in the design and manufacture of digital technology platforms. The company has a market cap of $177.18 billion. The Company’s divisions include Client Computing Group , Data Center Group (DCG), Internet of Things Group (IOTG), Software and Services (SSG) and All Other. It has a 18.12 P/E ratio. CCG segment includes platforms designed for notebooks (including Ultrabook devices), 2 in 1 systems, desktops (including all-in-ones and personal computers (PCs)), tablets, phones, wireless and wired connectivity products, and mobile communication components.

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