Insider Trading Report: Intel Corp (INTC)

Dion Weisler, a director at Intel Corp (INTC) recently picked up 4,464 shares. The total cost came to $250,000, and represents an initial stake for the director.

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  • Like many big-name tech companies that issue shares to executives, there’s been a lot of sales over the past few years. But Intel has seen a number of insider buys as well. This is the first insider buy since January, when the company CEO and CFO bought before shares provided a 27 percent gain.

    The chipmaker has been a laggard in the industry in recent years, as other firms have beaten out on the most cutting-edge chips. However, a major chip shortage requiring chips of all types has developed, which has given Intel an opportunity to grow once again.

    Shares are down nearly 5 percent over the past year, as earnings and revenue have dropped as well. However, the company’s recent earnings show that the company is the value play of the chipmaking space, trading at under 13 times earnings.

    Action to take: The company pays a sizeable and growing dividend, paying out about 2.4 percent at current prices. That’s a solid return in the tech space for investors.

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  • For options traders, shares appear to be bottoming out following its latest earnings in the mid-$50 range. Shares could easily move higher back into the $60 range in the coming weeks. The August $60 calls, trading for about $2.40, look like an attractive bet for that kind of quick rebound move higher.

     

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