Intel (INTC) Might Sell $1B in Venture Capital Assets : Report

Intel Corporation (INTC) shares are trading higher by 1.38% to $31.68 in midday trading following a Bloomberg report saying the chipmaker might sell $1 billion in venture capital assets. The publication also said that Intel is working with UBS Group to look for potential buyers for the assets, and that it is open to selling them as a whole or divided by geography or sector focus.

The report noted that Intel’s venture capital assets are made up of companies across the world, which are housed within Intel’s corporate venture unit.

Fundamentally, INTC shows the following financial data:

  • $25.68 billion in cash in most recent quarter
  • $103.07 billion t-12 total assets
  • $61.09 billion total equity
  • $55.36 billion t-12 revenue
  • $11.42 billion annual net income
  • $11.69 billion free cash flow

On valuation measures, Intel Corp. shares have a T-12 price/sales ratio of 2.67 and a price/book for the same period of 2.42. EPS is $2.34. The name has a market cap of $151.52 billion and a median Street price target of $36.50 with a high target of $45. Currently there are 27 analysts that rate INTC a ‘Buy’, 12 rate it a ‘Hold’. 2 analysts rate it a ‘Sell’.

In terms of share statistics, Intel Corp. has a total of 4.72 billion shares outstanding with 0.04% held by insiders and 67.00% held by institutions. The stock’s short interest currently stands at 1.71%, bringing the total number of shares sold short to 80.54 million.

Offering a dividend yield of 3.27%, shares of the Santa Clara, California-based company are down 0.27% year-over-year and 8.49% year-to-date.

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