Yahoo Finance James Goetz Is The Independent Director of Intel Corporation (NASDAQ:INTC) And They Just Picked Up 11% More Shares
Intel Corporation (NASDAQ:INTC) shareholders (or potential shareholders) will be happy to see that the Independent Director, James Goetz, recently bought a whopping US$995k worth of stock, at a price of US$49.76. Not only is that a big swing, but it increased their holding size by 11%, which is definitely great to see.
See our latest analysis for Intel
The Last 12 Months Of Insider Transactions At Intel
In the last twelve months, the biggest single purchase by an insider was when insider Robert Swan bought US$1.5m worth of shares at a price of US$56.09 per share. That means that an insider was happy to buy shares at above the current price of US$47.89. Their view may have changed since then, but at least it shows they felt optimistic at the time. We always take careful note of the price insiders pay when purchasing shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
Intel insiders may have bought shares in the last year, but they didn't sell any. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Insider Ownership
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Intel insiders own about US$92m worth of shares. That equates to 0.05% of the company. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
What Might The Insider Transactions At Intel Tell Us?
It's certainly positive to see the recent insider purchases. We also take confidence from the longer term picture of insider transactions. Given that insiders also own a fair bit of Intel we think they are probably pretty confident of a bright future. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. At Simply Wall St, we've found that Intel has 2 warning signs (1 is concerning!) that deserve your attention before going any further with your analysis.
But note: Intel may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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