Carret Asset Management LLC lifted its stake in shares of Intel Corporation (NASDAQ:INTC) by 9.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 293,190 shares of the chip maker’s stock after purchasing an additional 24,120 shares during the quarter. Intel accounts for about 1.7% of Carret Asset Management LLC’s portfolio, making the stock its 8th largest position. Carret Asset Management LLC owned about 0.07% of Intel worth $9,892,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in INTC. Jackson Grant Investment Advisers Inc. grew its holdings in Intel by 0.4% during the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 7,785 shares of the chip maker’s stock worth $263,000 after acquiring an additional 29 shares during the last quarter. Conservest Capital Advisors Inc. grew its holdings in Intel by 0.6% during the 2nd quarter. Conservest Capital Advisors Inc. now owns 8,953 shares of the chip maker’s stock worth $302,000 after acquiring an additional 51 shares during the last quarter. Bank of Stockton grew its holdings in Intel by 0.4% during the 2nd quarter. Bank of Stockton now owns 16,321 shares of the chip maker’s stock worth $550,000 after acquiring an additional 72 shares during the last quarter. Marathon Capital Management grew its holdings in Intel by 0.7% during the 2nd quarter. Marathon Capital Management now owns 10,986 shares of the chip maker’s stock worth $371,000 after acquiring an additional 80 shares during the last quarter. Finally, Benin Management CORP grew its holdings in Intel by 0.3% during the 2nd quarter. Benin Management CORP now owns 26,055 shares of the chip maker’s stock worth $879,000 after acquiring an additional 84 shares during the last quarter. 67.69% of the stock is currently owned by institutional investors.

Intel Corporation (NASDAQ:INTC) opened at $43.66 on Tuesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.27 and a current ratio of 1.60. Intel Corporation has a 1 year low of $33.23 and a 1 year high of $47.30. The stock has a market cap of $202,878.00, a price-to-earnings ratio of 13.63, a P/E/G ratio of 1.58 and a beta of 1.06.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.21. Intel had a net margin of 22.31% and a return on equity of 22.65%. The company had revenue of $16.15 billion for the quarter, compared to the consensus estimate of $15.73 billion. During the same quarter in the previous year, the company earned $0.80 EPS. Intel’s quarterly revenue was up 2.4% compared to the same quarter last year. research analysts expect that Intel Corporation will post 3.25 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Tuesday, November 7th were given a dividend of $0.2725 per share. The ex-dividend date was Monday, November 6th. This represents a $1.09 dividend on an annualized basis and a dividend yield of 2.50%. Intel’s payout ratio is presently 38.11%.

In other Intel news, insider Venkata S. M. Renduchintala sold 1,424 shares of the company’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $46.73, for a total transaction of $66,543.52. Following the transaction, the insider now owns 1,536 shares in the company, valued at $71,777.28. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Stacy J. Smith sold 472,337 shares of the company’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $44.23, for a total transaction of $20,891,465.51. Following the transaction, the insider now owns 265,298 shares in the company, valued at approximately $11,734,130.54. The disclosure for this sale can be found here. Insiders have sold a total of 1,548,914 shares of company stock worth $68,196,589 in the last quarter. 0.08% of the stock is owned by corporate insiders.

INTC has been the topic of a number of research reports. Argus reissued a “buy” rating and set a $45.00 target price on shares of Intel in a report on Wednesday, August 23rd. Zacks Investment Research raised shares of Intel from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Thursday, August 17th. Loop Capital reissued a “buy” rating and set a $45.00 target price on shares of Intel in a report on Tuesday, August 22nd. ValuEngine raised shares of Intel from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Finally, Vetr lowered shares of Intel from a “strong-buy” rating to a “buy” rating and set a $42.80 target price on the stock. in a report on Tuesday, October 3rd. Five equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $43.86.

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Intel 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).

Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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