Allstate Corp bought a new stake in Intel Co. (NASDAQ:INTC) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 4,779 shares of the chip maker’s stock, valued at approximately $238,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Quad Cities Investment Group LLC acquired a new stake in shares of Intel during the second quarter worth $107,000. WP Advisors LLC acquired a new stake in shares of Intel during the second quarter worth $137,000. Well Done LLC acquired a new stake in shares of Intel during the first quarter worth $156,000. Stelac Advisory Services LLC acquired a new stake in shares of Intel during the first quarter worth $187,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Intel during the first quarter worth $191,000. Institutional investors own 64.42% of the company’s stock.

INTC has been the subject of several research reports. JPMorgan Chase & Co. reiterated a “buy” rating and set a $68.00 price objective on shares of Intel in a research note on Monday, October 1st. MKM Partners reduced their target price on shares of Intel to $58.00 and set a “buy” rating for the company in a report on Friday, August 24th. BidaskClub cut shares of Intel from a “sell” rating to a “strong sell” rating in a report on Friday, September 14th. Raymond James cut shares of Intel from a “market perform” rating to an “underperform” rating in a report on Tuesday, September 25th. Finally, Northland Securities raised shares of Intel from an “under perform” rating to a “market perform” rating in a report on Thursday, September 13th. Six equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nineteen have assigned a buy rating to the stock. Intel has a consensus rating of “Hold” and an average price target of $55.60.

INTC opened at $47.75 on Thursday. Intel Co. has a fifty-two week low of $42.04 and a fifty-two week high of $57.60. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.51 and a quick ratio of 1.13. The firm has a market capitalization of $230.69 billion, a price-to-earnings ratio of 13.80, a PEG ratio of 1.31 and a beta of 0.91.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, October 25th. The chip maker reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.25. Intel had a net margin of 21.91% and a return on equity of 29.64%. The company had revenue of $19.16 billion during the quarter, compared to analysts’ expectations of $18.11 billion. As a group, equities analysts anticipate that Intel Co. will post 4.53 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Saturday, December 1st. Shareholders of record on Wednesday, November 7th were issued a $0.30 dividend. The ex-dividend date was Tuesday, November 6th. This represents a $1.20 dividend on an annualized basis and a yield of 2.51%. Intel’s payout ratio is 34.68%.

Intel announced that its board has approved a share repurchase program on Thursday, November 15th that authorizes the company to buyback $15.00 billion in shares. This buyback authorization authorizes the chip maker to reacquire up to 6.8% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

In other news, EVP Steven Ralph Rodgers sold 2,235 shares of the business’s stock in a transaction dated Friday, October 26th. The shares were sold at an average price of $45.66, for a total transaction of $102,050.10. Following the completion of the sale, the executive vice president now owns 30,324 shares of the company’s stock, valued at $1,384,593.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Kevin Thomas Mcbride sold 6,500 shares of the business’s stock in a transaction dated Tuesday, October 30th. The stock was sold at an average price of $45.53, for a total transaction of $295,945.00. Following the sale, the vice president now directly owns 14,271 shares of the company’s stock, valued at approximately $649,758.63. The disclosure for this sale can be found here. Insiders sold 13,257 shares of company stock valued at $624,095 in the last ninety days. 0.03% of the stock is owned by corporate insiders.

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Intel Company Profile

Intel Corporation designs, manufactures, and sells computer, networking, data storage, and communication platforms worldwide. The company operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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