Insider Trading Report: Intel Corp (INTC)

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  • Robert Swan, CEO of Intel (INTC), recently picked up 27,544 shares. The buy increased his holdings by nearly 6 percent. The total cost of the buy came to just over $1.5 million.

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  • This marks the first buy at the company since October, also by Swan. Insiders have generally been steady sellers of shares over the past few years, as befits the stock-based compensation of a large company in the tech space.

    Shares of Intel are down 20 percent over the past year, far underperforming the stock market as a whole, as well as the semiconductor sector. With shares moving higher in recent months, they’re still inexpensive at 12 times forward earnings. A new CEO can reinvigorate the company, likely creating some outperformance in the months and even year or so ahead. The company also reported promising earnings numbers in its latest report.

    Action to take: Investors may like shares here, as they yield 2.6 percent. The company has also done a solid job of growing its dividend.

    For traders, the April 2021 $60 call option, trading for around $2.55, is a reasonable trade here. Shares have touched in to the low $60 range already in recent sessions, and is a way to play the current uptrend in shares for mid-to-high double-digit profits in the coming months.

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