Baker Avenue Asset Management LP boosted its holdings in shares of Intel Co. (NASDAQ:INTC) by 16.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 115,129 shares of the chip maker’s stock after buying an additional 16,368 shares during the quarter. Baker Avenue Asset Management LP’s holdings in Intel were worth $5,996,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of INTC. TIAA CREF Investment Management LLC raised its position in Intel by 47.8% during the 4th quarter. TIAA CREF Investment Management LLC now owns 23,711,209 shares of the chip maker’s stock worth $1,094,509,000 after buying an additional 7,669,737 shares during the last quarter. Renaissance Technologies LLC raised its position in Intel by 3,222.2% during the 4th quarter. Renaissance Technologies LLC now owns 3,441,594 shares of the chip maker’s stock worth $158,864,000 after buying an additional 3,338,000 shares during the last quarter. Platinum Investment Management Ltd. raised its position in Intel by 192.0% during the 1st quarter. Platinum Investment Management Ltd. now owns 4,712,431 shares of the chip maker’s stock worth $245,423,000 after buying an additional 3,098,600 shares during the last quarter. Alliancebernstein L.P. raised its position in Intel by 14.7% during the 4th quarter. Alliancebernstein L.P. now owns 24,187,824 shares of the chip maker’s stock worth $1,116,510,000 after buying an additional 3,095,697 shares during the last quarter. Finally, Mackenzie Financial Corp raised its position in Intel by 2,504.1% during the 4th quarter. Mackenzie Financial Corp now owns 2,958,936 shares of the chip maker’s stock worth $136,584,000 after buying an additional 2,845,310 shares during the last quarter. 66.74% of the stock is owned by institutional investors.

In related news, EVP Navin Shenoy sold 601 shares of Intel stock in a transaction on Monday, July 30th. The shares were sold at an average price of $47.69, for a total value of $28,661.69. Following the sale, the executive vice president now owns 40,903 shares of the company’s stock, valued at approximately $1,950,664.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Steven Ralph Rodgers sold 2,213 shares of Intel stock in a transaction on Thursday, July 26th. The shares were sold at an average price of $52.43, for a total transaction of $116,027.59. Following the completion of the sale, the executive vice president now directly owns 23,268 shares in the company, valued at approximately $1,219,941.24. The disclosure for this sale can be found here. Insiders sold a total of 4,065 shares of company stock worth $205,200 in the last three months. 0.03% of the stock is owned by corporate insiders.

Intel stock opened at $47.10 on Monday. Intel Co. has a 1 year low of $34.38 and a 1 year high of $57.60. The firm has a market capitalization of $228.54 billion, a P/E ratio of 13.61, a P/E/G ratio of 1.41 and a beta of 1.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.15 and a current ratio of 1.57.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, July 26th. The chip maker reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.05. Intel had a net margin of 20.07% and a return on equity of 27.33%. The firm had revenue of $16.96 billion for the quarter, compared to analysts’ expectations of $16.78 billion. During the same quarter last year, the company earned $0.72 EPS. The firm’s revenue for the quarter was up 14.9% compared to the same quarter last year. analysts forecast that Intel Co. will post 4.13 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Saturday, September 1st. Investors of record on Tuesday, August 7th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Monday, August 6th. This represents a $1.20 dividend on an annualized basis and a yield of 2.55%. Intel’s dividend payout ratio is currently 34.68%.

A number of equities analysts have issued reports on the stock. Macquarie set a $60.00 price target on shares of Intel and gave the stock a “buy” rating in a research report on Thursday. Cowen reduced their price target on shares of Intel from $52.00 to $49.00 and set a “market perform” rating for the company in a research report on Monday, August 13th. Nomura reissued a “neutral” rating and set a $50.00 price target on shares of Intel in a research report on Friday, August 10th. Goldman Sachs Group lowered shares of Intel from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $49.00 to $44.00 in a research report on Friday, August 10th. Finally, Morningstar set a $65.00 price target on shares of Intel and gave the stock a “buy” rating in a research report on Thursday, August 9th. Five analysts have rated the stock with a sell rating, eighteen have given a hold rating and twenty-three have issued a buy rating to the company. Intel presently has an average rating of “Hold” and an average target price of $55.55.

About Intel

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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