Brown Advisory Securities LLC raised its stake in Intel Corporation (NASDAQ:INTC) by 9.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 96,852 shares of the chip maker’s stock after buying an additional 8,342 shares during the period. Intel Corporation comprises 0.9% of Brown Advisory Securities LLC’s portfolio, making the stock its 27th largest position. Brown Advisory Securities LLC’s holdings in Intel Corporation were worth $3,496,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of INTC. Sigma Planning Corp increased its position in Intel Corporation by 0.5% in the first quarter. Sigma Planning Corp now owns 64,672 shares of the chip maker’s stock valued at $2,333,000 after buying an additional 335 shares during the period. RB Capital Management LLC acquired a new position in Intel Corporation during the fourth quarter valued at approximately $858,000. Assenagon Asset Management S.A. acquired a new position in Intel Corporation during the fourth quarter valued at approximately $544,000. Wsfs Capital Management LLC acquired a new position in Intel Corporation during the fourth quarter valued at approximately $280,000. Finally, Regentatlantic Capital LLC increased its position in Intel Corporation by 10.9% in the first quarter. Regentatlantic Capital LLC now owns 495,518 shares of the chip maker’s stock valued at $17,873,000 after buying an additional 48,759 shares during the period. Institutional investors and hedge funds own 67.50% of the company’s stock.

Shares of Intel Corporation (NASDAQ INTC) traded down 0.46% on Thursday, reaching $36.42. 3,691,279 shares of the company traded hands. The firm’s 50 day moving average is $34.75 and its 200 day moving average is $35.72. The company has a market capitalization of $171.14 billion, a P/E ratio of 13.90 and a beta of 1.01. Intel Corporation has a one year low of $33.23 and a one year high of $38.45.

Intel Corporation (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, July 27th. The chip maker reported $0.72 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.04. Intel Corporation had a return on equity of 21.86% and a net margin of 20.60%. The firm had revenue of $14.76 billion for the quarter, compared to analyst estimates of $14.39 billion. During the same period last year, the firm posted $0.59 earnings per share. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. Analysts expect that Intel Corporation will post $3.01 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, August 7th will be paid a dividend of $0.2725 per share. This represents a $1.09 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date of this dividend is Thursday, August 3rd. Intel Corporation’s payout ratio is 41.76%.

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Several equities analysts have commented on INTC shares. Zacks Investment Research downgraded shares of Intel Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, April 12th. BidaskClub upgraded shares of Intel Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Credit Suisse Group set a $35.00 price target on shares of Intel Corporation and gave the stock a “hold” rating in a research note on Saturday, July 29th. Macquarie restated an “outperform” rating and issued a $40.00 price target on shares of Intel Corporation in a research note on Friday, July 14th. Finally, Jefferies Group LLC downgraded shares of Intel Corporation from a “hold” rating to an “underperform” rating and dropped their price target for the stock from $29.00 to $28.00 in a research note on Monday, July 10th. Five research analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-seven have assigned a buy rating to the stock. Intel Corporation has a consensus rating of “Hold” and an average target price of $40.55.

In other news, insider Venkata S. M. Renduchintala sold 1,424 shares of Intel Corporation stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $36.40, for a total transaction of $51,833.60. Following the sale, the insider now directly owns 1,536 shares of the company’s stock, valued at $55,910.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brian M. Krzanich sold 72,173 shares of Intel Corporation stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $33.69, for a total value of $2,431,508.37. Following the sale, the chief executive officer now directly owns 534,746 shares in the company, valued at $18,015,592.74. The disclosure for this sale can be found here. Insiders have sold 91,921 shares of company stock worth $3,130,162 over the last three months. Insiders own 0.09% of the company’s stock.

Intel Corporation Company Profile

Intel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud. The Company’s segments are Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG).

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Institutional Ownership by Quarter for Intel Corporation (NASDAQ:INTC)

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