Intel Corporation’s Stock Is Buy After Today’s Bullish Options Activity

 Intel Corporation's Stock Is Buy After Today's Bullish Options Activity

In today’s session Intel Corporation (INTC) registered an unusually high (175) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious INTC increase. With 175 contracts traded and 403574 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: INTC170120C00030000 closed last at: $5.4 or 4.4% down. About 5.95M shares traded hands. Intel Corporation (NASDAQ:INTC) has risen 12.90% since April 25, 2016 and is uptrending. It has outperformed by 6.89% the S&P500.

Analysts await Intel Corporation (NASDAQ:INTC) to report earnings on January, 12. They expect $0.75 EPS, up 1.35% or $0.01 from last year’s $0.74 per share. INTC’s profit will be $3.58 billion for 11.83 P/E if the $0.75 EPS becomes a reality. After $0.80 actual EPS reported by Intel Corporation for the previous quarter, Wall Street now forecasts -6.25% negative EPS growth.

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. Intel Corporation has been the topic of 127 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The rating was maintained by Jefferies on Friday, August 21 with “Buy”. As per Wednesday, December 30, the company rating was maintained by Needham. The stock of Intel Corporation (NASDAQ:INTC) has “Neutral” rating given on Monday, April 4 by BNP Paribas. The firm has “Neutral” rating given on Thursday, January 14 by Suntrust Robinson. The stock has “Market Perform” rating given by Northland Capital on Wednesday, April 20. The rating was initiated by Sterne Agee CRT on Wednesday, September 9 with “Buy”. The stock of Intel Corporation (NASDAQ:INTC) earned “Buy” rating by Stifel Nicolaus on Monday, January 18. Robert W. Baird maintained the shares of INTC in a report on Monday, September 19 with “Outperform” rating. The firm has “Mkt Perform” rating by Bernstein given on Wednesday, September 23. The stock of Intel Corporation (NASDAQ:INTC) has “Sector Perform” rating given on Wednesday, October 19 by RBC Capital Markets.

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 0.99 in Q2 2016. Its down 0.02, from 1.01 in 2016Q1. The ratio worsened, 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.
Courier Capital has 140,287 shares for 0.92% of their US portfolio. Fmr Limited Liability Corporation last reported 0.06% of its portfolio in the stock. Cue Finance Grp last reported 29,239 shares in the company. Flossbach Von Storch Ag, a Germany-based fund reported 353,070 shares. Kinsight Limited Com accumulated 0.12% or 6,331 shares. Intersect Capital Ltd Liability owns 137,134 shares or 2.71% of their US portfolio. Ipg Invest Advsr holds 0% of its portfolio in Intel Corporation (NASDAQ:INTC) for 18,252 shares. Moreover, Halsey Assoc Ct has 0.29% invested in Intel Corporation (NASDAQ:INTC) for 39,059 shares. The Maryland-based Heritage Mngmt Corporation has invested 1.8% in Intel Corporation (NASDAQ:INTC). Barbara Oil accumulated 2.24% or 85,000 shares. Moreover, Argentus Capital Mngmt Limited Liability has 0.18% invested in Intel Corporation (NASDAQ:INTC) for 12,556 shares. Inverness Counsel Lc New York reported 21,771 shares or 0.06% of all its holdings. Bradley Foster Sargent Ct accumulated 0.16% or 107,225 shares. Murphy Mgmt Inc holds 0.14% or 28,248 shares in its portfolio. Shufro Rose & Ltd Co has 1.11 million shares for 4.01% of their US portfolio.

Insider Transactions: Since May 31, 2016, the stock had 0 insider buys, and 12 insider sales for $36.34 million net activity. 445,095 shares with value of $15.44 million were sold by BRYANT ANDY D on Monday, July 25. RENDUCHINTALA VENKATA S M sold $485,841 worth of stock. 71,413 shares were sold by Krzanich Brian M, worth $2.34M on Friday, July 1. PEARSON GREGORY R sold $197,410 worth of Intel Corporation (NASDAQ:INTC) on Monday, July 25. The insider Smith Stacy J sold $1.04M.

Intel Corporation is engaged in the design and manufacture of digital technology platforms. The company has a market cap of $169.40 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 16.69 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 Skylake Xeon Server Processor Reportedly Packs 32 Cores” on November 28, 2016, also Fool.com with their article: “Why Intel Corporation’s Research and Development Spending Surged Last Quarter” published on November 27, 2016, Fool.com published: “1 Way Qualcomm Inc. Is Leaving Intel Corporation in the Dust” on November 23, 2016. More interesting news about Intel Corporation (NASDAQ:INTC) were released by: Fool.com and their article: “Intel Corporation’s 2018 Desktop Processor Plans Revealed” published on November 22, 2016 as well as Fool.com‘s news article titled: “This Threat to Intel Corporation Probably Isn’t Real” with publication date: November 19, 2016.

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