Armbruster Capital Management Inc. boosted its holdings in shares of Intel Co. (NASDAQ:INTC) by 6.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,055 shares of the chip maker’s stock after acquiring an additional 1,775 shares during the quarter. Intel accounts for 0.7% of Armbruster Capital Management Inc.’s portfolio, making the stock its 20th biggest holding. Armbruster Capital Management Inc.’s holdings in Intel were worth $1,444,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Baird Financial Group Inc. raised its position in Intel by 5.9% during the 1st quarter. Baird Financial Group Inc. now owns 1,922,881 shares of the chip maker’s stock valued at $100,143,000 after purchasing an additional 106,635 shares in the last quarter. Baxter Bros Inc. raised its position in shares of Intel by 11.5% in the 2nd quarter. Baxter Bros Inc. now owns 220,571 shares of the chip maker’s stock worth $10,965,000 after acquiring an additional 22,783 shares in the last quarter. Silvercrest Asset Management Group LLC raised its position in shares of Intel by 1.0% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 1,297,968 shares of the chip maker’s stock worth $67,598,000 after acquiring an additional 12,285 shares in the last quarter. Altium Wealth Management LLC raised its position in shares of Intel by 32.2% in the 1st quarter. Altium Wealth Management LLC now owns 21,523 shares of the chip maker’s stock worth $1,121,000 after acquiring an additional 5,243 shares in the last quarter. Finally, RPG Investment Advisory LLC raised its position in shares of Intel by 460.3% in the 1st quarter. RPG Investment Advisory LLC now owns 9,592 shares of the chip maker’s stock worth $500,000 after acquiring an additional 7,880 shares in the last quarter. Institutional investors own 65.37% of the company’s stock.

In other news, EVP Steven Ralph Rodgers sold 2,213 shares of the company’s stock in a transaction dated Thursday, July 26th. The stock was sold at an average price of $52.43, for a total value of $116,027.59. Following the sale, the executive vice president now owns 23,268 shares in the company, valued at $1,219,941.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert Holmes Swan bought 5,243 shares of the stock in a transaction dated Monday, July 30th. The stock was bought at an average price of $47.69 per share, for a total transaction of $250,038.67. Following the purchase, the chief executive officer now directly owns 71,672 shares of the company’s stock, valued at $3,418,037.68. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 4,077 shares of company stock worth $205,757. Company insiders own 0.03% of the company’s stock.

Intel stock opened at $44.88 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.15 and a debt-to-equity ratio of 0.35. The stock has a market cap of $221.24 billion, a price-to-earnings ratio of 12.97, a PEG ratio of 1.35 and a beta of 0.97. Intel Co. has a fifty-two week low of $39.28 and a fifty-two week high of $57.60.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, July 26th. The chip maker reported $1.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.05. The business had revenue of $16.96 billion for the quarter, compared to the consensus estimate of $16.78 billion. Intel had a return on equity of 27.33% and a net margin of 20.07%. The company’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.72 EPS. On average, research analysts forecast that Intel Co. will post 4.15 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Saturday, December 1st. Shareholders of record on Wednesday, November 7th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, November 6th. This represents a $1.20 annualized dividend and a yield of 2.67%. Intel’s payout ratio is presently 34.68%.

Several research analysts have recently commented on the company. BNP Paribas set a $54.00 price target on Intel and gave the stock a “hold” rating in a research report on Thursday, October 4th. JPMorgan Chase & Co. reissued a “buy” rating and issued a $68.00 price target on shares of Intel in a research report on Monday, October 1st. Stifel Nicolaus reissued a “neutral” rating and issued a $52.00 price target on shares of Intel in a research report on Monday, October 1st. Wells Fargo & Co set a $55.00 price target on Intel and gave the stock a “buy” rating in a research report on Monday, October 1st. Finally, Morningstar set a $65.00 price target on Intel and gave the stock a “buy” rating in a research report on Monday, October 1st. Six equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twenty have assigned a buy rating to the stock. Intel presently has an average rating of “Hold” and an average target price of $55.08.

About Intel

Intel Corporation designs, manufactures, and sells computer, networking, data storage, and communication platforms worldwide. The company operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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