Exec VP and CFO of Intel Corp (NASDAQ:INTC) Stacy Smith sold 614,432 shares on July 17 at an average price of $33.92. The total transaction amount is $20,841,532.
Intel Corporation was incorporated in California in 1968 and reincorporated in Delaware in 1989. Intel Corp has a market cap of $169.55 billion; its shares were traded at around $34.06 with a P/E ratio of 18.30 and P/S ratio of 3.30. The dividend yield of Intel Corp stocks is 2.70%. Intel Corp had an annual average earnings growth of 8.30% over the past 10 years. GuruFocus rated Intel the business predictability rank of 2-star. Articles on GuruFocus.COM
Stacy Smith is the Executive Vice President and Chief Financial Officer of Intel Corp. Smith joined Intel in 1988 and was appointed assistant CFO in March 2006. Prior to becoming the CFO, he held several positions in Finance, Sales and Marketing, and Information Technology.
Intel Corporation reported their 2014 second quarter results. The company announced revenues of $13.8 billion and net income of $2.8 billion.
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GuruFocus Gurus Joel Greenblatt (Trades, Portfolio), Ray Dalio (Trades, Portfolio), James Barrow (Trades, Portfolio), PRIMECAP Management (Trades, Portfolio), and Richard Pzena (Trades, Portfolio) all increased their positions in Intel Corporation. Greenblatt owns 423,772 shares, Dalio owns 761,353 shares, Barrow owns 54,414,773 shares, PRIMECAP owns 31,330,051 shares, and Pzena owns 13,169,524 shares. 17 GuruFocus Gurus kept their positions in the company unchanged, while 3 gurus, George Soros (Trades, Portfolio), Mark Hillman (Trades, Portfolio), and Mario Gabelli (Trades, Portfolio), reduced their positions. Arnold Van Den Berg (Trades, Portfolio) sold out his holdings of INTC.
Executive VP and CFO Stacy Smith sold 665,649 shares of INTC stock in January and July. Director David Yoffie, Executive VP and General Manager of Technology & Manufacturing Group William Holt and President Renee James sold 239,452 shares of INTC stock in June and July.
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