Fort Point Capital Partners LLC increased its position in shares of Intel Corporation (NASDAQ:INTC) by 20.5% during the first quarter, Holdings Channel reports. The firm owned 28,500 shares of the chip maker’s stock after buying an additional 4,841 shares during the period. Fort Point Capital Partners LLC’s holdings in Intel Corporation were worth $1,028,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Sigma Planning Corp increased its stake in shares of Intel Corporation by 0.5% in the first quarter. Sigma Planning Corp now owns 64,672 shares of the chip maker’s stock worth $2,333,000 after buying an additional 335 shares during the period. RB Capital Management LLC bought a new stake in shares of Intel Corporation during the fourth quarter worth approximately $858,000. Assenagon Asset Management S.A. bought a new stake in shares of Intel Corporation during the fourth quarter worth approximately $544,000. Wsfs Capital Management LLC bought a new stake in shares of Intel Corporation during the fourth quarter worth approximately $280,000. Finally, Regentatlantic Capital LLC increased its stake in shares of Intel Corporation by 10.9% in the first quarter. Regentatlantic Capital LLC now owns 495,518 shares of the chip maker’s stock worth $17,873,000 after buying an additional 48,759 shares during the period. Institutional investors own 67.50% of the company’s stock.

Intel Corporation (INTC) traded down 0.208% during midday trading on Friday, reaching $36.065. 6,503,162 shares of the company traded hands. The company has a 50 day moving average of $34.80 and a 200-day moving average of $35.73. Intel Corporation has a 12-month low of $33.23 and a 12-month high of $38.45. The stock has a market capitalization of $169.47 billion, a P/E ratio of 13.765 and a beta of 1.01.

Intel Corporation (NASDAQ:INTC) last released its quarterly earnings results on Thursday, July 27th. The chip maker reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.04. Intel Corporation had a net margin of 20.60% and a return on equity of 21.86%. The company 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 earned $0.59 earnings per share. The firm’s revenue was up 9.1% on a year-over-year basis. Equities analysts anticipate that Intel Corporation will post $3.01 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Monday, August 7th will be given a dividend of $0.2725 per share. This represents a $1.09 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date is Thursday, August 3rd. Intel Corporation’s payout ratio is currently 41.76%.

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A number of research firms have recently issued reports on INTC. BidaskClub upgraded Intel Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Credit Suisse Group set a $35.00 target price on Intel Corporation and gave the company a “hold” rating in a report on Saturday, July 29th. Macquarie restated an “outperform” rating and issued a $40.00 target price on shares of Intel Corporation in a report on Friday, July 14th. Jefferies Group LLC lowered Intel Corporation from a “hold” rating to an “underperform” rating and reduced their target price for the company from $29.00 to $28.00 in a report on Monday, July 10th. Finally, Wells Fargo & Company lowered Intel Corporation to a “market weight” rating in a report on Monday, July 31st. Five research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-seven have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $40.55.

In related news, insider Venkata S. M. Renduchintala sold 1,424 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $36.40, for a total transaction of $51,833.60. Following the transaction, the insider now directly owns 1,536 shares of the company’s stock, valued at $55,910.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Brian M. Krzanich sold 72,173 shares of the firm’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $33.69, for a total transaction of $2,431,508.37. Following the transaction, 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. 0.09% of the stock is owned by insiders.

About Intel Corporation

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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