Intel Corporation Has More Gas To Increase After Today’s Bullish Options Activity

 Intel Corporation Has More Gas To Increase After Today's Bullish Options Activity

In today’s session Intel Corporation (INTC) registered an unusually high (1,558) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the July, 2017 call, expecting serious INTC increase. With 1,558 contracts traded and 15984 open interest for the Jul, 17 contract, it seems this is a quite bullish bet. The option with symbol: INTC170721C00038000 closed last at: $1.12 or 6.7% down. About 2.71M shares traded hands. Intel Corporation (NASDAQ:INTC) has risen 5.36% since April 5, 2016 and is uptrending. It has outperformed by 3.40% the S&P500.

Intel Corporation (NASDAQ:INTC) Ratings Coverage

Out of 44 analysts covering Intel Corporation (NASDAQ:INTC), 29 rate it a “Buy”, 2 “Sell”, while 13 “Hold”. This means 66% are positive. $60.0 is the highest target while $25 is the lowest. The $39.78 average target is 16.01% above today’s ($34.29) stock price. Intel Corporation has been the topic of 127 analyst reports since August 7, 2015 according to StockzIntelligence Inc. Barclays Capital upgraded it to “Overweight” rating and $45 target price in Tuesday, October 18 report. The company was initiated on Wednesday, September 9 by Sterne Agee CRT. The firm has “Neutral” rating by Citigroup given on Friday, August 21. The rating was maintained by RBC Capital Markets with “Sector Perform” on Friday, April 1. The firm has “Buy” rating by B. Riley & Co given on Wednesday, October 19. The stock has “Underweight” rating given by Morgan Stanley on Wednesday, October 19. BNP Paribas downgraded it to “Neutral” rating and $35 target price in Monday, April 4 report. As per Monday, September 19, the company rating was maintained by Roth Capital. M Partners maintained Intel Corporation (NASDAQ:INTC) rating on Monday, August 24. M Partners has “Buy” rating and $40 price target. The rating was downgraded by UBS to “Neutral” on Tuesday, January 5.

According to Zacks Investment Research, “Intel Corporation is one of the world’s largest semiconductor chip maker. The Company develops advanced integrated digital technology products, primarily integrated circuits, for industries such as computing and communications. It also develops platforms, which it defines as integrated suites of digital computing technologies that are designed and configured to work together to provide an optimized user computing solution compared to components that are used separately. Intel designs and manufactures computing and communications components, such as microprocessors, chipsets, motherboards, and wireless and wired connectivity products, as well as platforms that incorporate these components. The Company sells its products primarily to original equipment manufacturers, original design manufacturers, PC and network communications products users, and other manufacturers of industrial and communications equipment. Intel Corporation is based in Santa Clara, California.”

Insitutional Activity: The institutional sentiment decreased to 1.01 in 2016 Q2. Its down 0.06, from 1.07 in 2016Q1. The ratio dropped, 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.
Rodgers Brothers last reported 33,089 shares in the company. Ao Asset Ltd Company holds 475,800 shares or 4.09% of its portfolio. Cibc Mkts has 0.08% invested in the company for 532,676 shares. Df Dent And accumulated 378,606 shares or 0.35% of the stock. Balasa Dinverno & Foltz Llc has invested 0.2% of its portfolio in Intel Corporation (NASDAQ:INTC). Gabelli Funds Lc accumulated 0.07% or 340,500 shares. Fort Washington Advsr Inc Oh accumulated 0.85% or 1.40M shares. Woodley Farra Manion Portfolio Mngmt Inc holds 0.41% or 81,376 shares in its portfolio. Merriman Wealth Management Ltd Llc has 0.06% invested in the company for 6,166 shares. Kings Point Capital has invested 0.01% of its portfolio in Intel Corporation (NASDAQ:INTC). Principal Financial Grp Incorporated, a Iowa-based fund reported 10.21M shares. Cibc Markets, a New York-based fund reported 410,918 shares. Moreover, Grt Capital Prtn Lc has 0.08% invested in Intel Corporation (NASDAQ:INTC) for 10,304 shares. Aimz Inv Advisors Lc holds 0.42% of its portfolio in Intel Corporation (NASDAQ:INTC) for 13,969 shares. Covington Invest Advsr Inc holds 96,011 shares or 1.39% of its portfolio.

Insider Transactions: Since May 23, 2016, the stock had 0 buys, and 15 sales for $40.36 million net activity. Krzanich Brian M sold 79,052 shares worth $2.74 million. $485,841 worth of Intel Corporation (NASDAQ:INTC) shares were sold by RENDUCHINTALA VENKATA S M. Another trade for 445,095 shares valued at $15.44M was made by BRYANT ANDY D on Monday, July 25. $1.02 million worth of shares were sold by Smith Stacy J on Friday, July 22. 1,506 shares were sold by PEARSON GREGORY R, worth $51,896.

Intel Corporation is engaged in the design and manufacture of digital technology platforms. The company has a market cap of $162.88 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 16.12 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.

INTC Company Profile

Intel Corporation, incorporated on March 1, 1989, is engaged in the design and manufacture of digital technology platforms. The Firm sells these platforms to original equipment manufacturers (OEMs), original design manufacturers (ODMs), and industrial and communications equipment manufacturers in the computing and communications industries. The Company’s divisions include Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Software and Services (SSG) and All Other. The Company’s All Other segment includes Non-Volatile Memory Solutions Group and the New Devices Group. The Company’s platforms are used to deliver a range of computing experiences in notebooks (including Ultrabook devices), 2 in 1 systems, desktops, servers, tablets, smartphones, and the Internet of Things (including wearables, transportation systems and retail devices). It also develops and sells software and services focused on security and technology integration.

More notable recent Intel Corporation (NASDAQ:INTC) news were published by: Fool.com which released: “Intel Corporation’s Best Product of 2016” on November 03, 2016, also Fool.com with their article: “Apple Inc. Officially Ditches This Intel Corporation Technology in the 15-inch …” published on November 02, 2016, Fool.com published: “What If Intel Corporation Loses 25% of the Server Market to ARM?” on November 04, 2016. More interesting news about Intel Corporation (NASDAQ:INTC) were released by: Fool.com and their article: “3 Ways Intel Corporation Has Changed in 3 Years” published on November 01, 2016 as well as Fool.com‘s news article titled: “3 Possible Reasons for Intel Corporation’s Increased Data-Center Spending” with publication date: November 01, 2016.

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