Huntington Steele LLC continued to hold its stake in shares of Intel Corporation (NASDAQ:INTC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,887 shares of the chip maker’s stock at the close of the second quarter. Huntington Steele LLC’s holdings in Intel Corporation were worth $401,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the business. First United Bank Trust lifted its position in Intel Corporation by 1.7% during the second quarter. First United Bank Trust now owns 36,952 shares of the chip maker’s stock valued at $1,246,000 after buying an additional 630 shares during the period. National Pension Service lifted its position in Intel Corporation by 9.6% during the second quarter. National Pension Service now owns 3,586,989 shares of the chip maker’s stock valued at $120,308,000 after buying an additional 313,200 shares during the period. State of Alaska Department of Revenue lifted its position in Intel Corporation by 0.7% during the second quarter. State of Alaska Department of Revenue now owns 369,636 shares of the chip maker’s stock valued at $12,471,000 after buying an additional 2,720 shares during the period. Fisher Asset Management LLC lifted its position in Intel Corporation by 3.1% during the second quarter. Fisher Asset Management LLC now owns 20,791,355 shares of the chip maker’s stock valued at $701,500,000 after buying an additional 623,698 shares during the period. Finally, Trust Co. of Toledo NA OH lifted its position in Intel Corporation by 4.7% during the second quarter. Trust Co. of Toledo NA OH now owns 139,569 shares of the chip maker’s stock valued at $4,709,000 after buying an additional 6,328 shares during the period. 67.03% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have commented on INTC shares. Zacks Investment Research lowered Intel Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. Credit Suisse Group reissued an “outperform” rating on shares of Intel Corporation in a research report on Thursday, August 31st. Needham & Company LLC reissued a “buy” rating and set a $43.00 price objective on shares of Intel Corporation in a research report on Wednesday, July 12th. BidaskClub lowered Intel Corporation from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. Finally, ValuEngine lowered Intel Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Five investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $40.51.

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In related news, insider Venkata S. M. Renduchintala sold 1,424 shares of the business’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $36.40, for a total transaction of $51,833.60. Following the completion of the transaction, the insider now directly owns 1,536 shares of the company’s stock, valued at approximately $55,910.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Brian M. Krzanich sold 61,860 shares of the business’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $38.74, for a total value of $2,396,456.40. Following the transaction, the chief executive officer now directly owns 543,948 shares of the company’s stock, valued at $21,072,545.52. The disclosure for this sale can be found here. Insiders sold 81,608 shares of company stock valued at $3,095,110 over the last ninety days. Insiders own 0.08% of the company’s stock.

Shares of Intel Corporation (NASDAQ INTC) traded up 0.28% during trading on Thursday, reaching $39.45. The company’s stock had a trading volume of 9,789,874 shares. Intel Corporation has a 1-year low of $33.23 and a 1-year high of $39.70. The stock has a 50 day moving average of $36.25 and a 200-day moving average of $35.73. The company has a market capitalization of $185.38 billion, a PE ratio of 15.06 and a beta of 1.07. Intel Corporation also was the target of some unusual options trading on Monday. Stock investors acquired 65,675 call options on the company. This is an increase of 250% compared to the average daily volume of 18,768 call options.

Intel Corporation (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, July 27th. The chip maker reported $0.72 earnings per share 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 business had revenue of $14.76 billion during the quarter, compared to analysts’ expectations of $14.39 billion. During the same period in the previous year, the firm posted $0.59 earnings per share. The company’s revenue was up 9.1% on a year-over-year basis. On average, analysts expect that Intel Corporation will post $3.01 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Tuesday, November 7th will be paid a $0.2725 dividend. The ex-dividend date is Monday, November 6th. This represents a $1.09 dividend on an annualized basis and a dividend yield of 2.77%. Intel Corporation’s payout ratio is presently 41.76%.

Intel Corporation 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 Corporation (NASDAQ:INTC)

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