Gamco Investors INC. ET AL decreased its position in Intel Corporation (NASDAQ:INTC) by 0.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,075 shares of the chip maker’s stock after selling 400 shares during the period. Gamco Investors INC. ET AL’s holdings in Intel Corporation were worth $1,588,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Summit Asset Management LLC boosted its position in shares of Intel Corporation by 0.7% during the 1st quarter. Summit Asset Management LLC now owns 6,281 shares of the chip maker’s stock worth $227,000 after purchasing an additional 46 shares during the period. Conservest Capital Advisors Inc. boosted its position in shares of Intel Corporation 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 purchasing an additional 51 shares during the period. Hudock Capital Group LLC boosted its position in shares of Intel Corporation by 0.4% during the 1st quarter. Hudock Capital Group LLC now owns 12,570 shares of the chip maker’s stock worth $453,000 after purchasing an additional 53 shares during the period. Bank of Stockton boosted its position in shares of Intel Corporation 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 purchasing an additional 72 shares during the period. Finally, Benin Management CORP boosted its position in shares of Intel Corporation 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 purchasing an additional 84 shares during the period. 67.17% of the stock is owned by institutional investors and hedge funds.

In related news, CEO Brian M. Krzanich sold 61,860 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $38.74, for a total value of $2,396,456.40. Following the sale, the chief executive officer now owns 543,948 shares of the company’s stock, valued at approximately $21,072,545.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Stacy J. Smith sold 472,337 shares of the stock in a transaction dated 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 completion of the sale, the insider now directly 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 659,036 shares of company stock worth $28,872,880 over the last three months. 0.08% of the stock is owned by corporate insiders.

A number of research firms recently weighed in on INTC. Jefferies Group LLC reaffirmed an “underperform” rating and set a $30.00 price objective (up previously from $29.00) on shares of Intel Corporation in a research report on Friday, July 28th. They noted that the move was a valuation call. Sanford C. Bernstein set a $30.00 price objective on shares of Intel Corporation and gave the stock a “sell” rating in a research report on Tuesday, August 15th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $40.00 price objective (up previously from $37.00) on shares of Intel Corporation in a research report on Friday, October 6th. KeyCorp reaffirmed a “buy” rating and set a $50.00 price objective on shares of Intel Corporation in a research report on Friday, October 27th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $43.00 price objective on shares of Intel Corporation in a research report on Friday, October 27th. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $43.00.

Shares of Intel Corporation (INTC) opened at $45.58 on Monday. The firm has a market cap of $213,314.41, a price-to-earnings ratio of 14.33, a price-to-earnings-growth ratio of 1.67 and a beta of 1.09. Intel Corporation has a twelve month low of $33.23 and a twelve month high of $47.30. The company has a current ratio of 1.60, a quick ratio of 1.27 and a debt-to-equity ratio of 0.39.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Tuesday, November 7th will be issued a dividend of $0.2725 per share. The ex-dividend date is Monday, November 6th. This represents a $1.09 dividend on an annualized basis and a dividend yield of 2.39%. Intel Corporation’s dividend payout ratio (DPR) is 38.11%.

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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).

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

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