Insider Activity Report: Intel (INTC)

Patrick Gelsinger, CEO at Intel (INTC), recently added 6,775 shares. The buy increased his position by about 1 percent, and came to a total cost of $249,333.

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  • This is the first insider buy at Intel since August, when Gelsinger bought 3,850 shares. There have been some small insider buys and sells in the past few months, but overall, insiders have been big buyers of shares over the past two years.

    All told, Intel insiders own about 0.1 percent of shares.

    The chipmaker has been a solid performer this year, with shares up over 30 percent.

    That’s in spite of a drop in revenue and earnings, as Intel, like other chipmakers, is working to refocus on the opportunities in making chips for AI projects.

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  • Shares can likely trend higher in the months ahead, as the stock has gone from over 114 times earnings earlier this year to 21 times forward earnings.

    As revenues rise and shares move back to profitability, the big move in Intel may have already occurred.

    Action to take: Investors may like shares here, with double-digit gains in mind in the months ahead. Intel also pays a 1.3 percent dividend at current prices.

    For traders, the March 2022 $42 calls, last going for about $1.98, could see mid-to-high double-digit gains in the months ahead.


    Disclosure: The author of this article has no position in the company mentioned here, but may trade after the next 72 hours. The author receives no compensation from any of the companies mentioned in this article.

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