J.P. Marvel Investment Advisors LLC boosted its stake in shares of Intel Corporation (NASDAQ:INTC) by 4.4% during the first quarter, Holdings Channel reports. The fund owned 93,543 shares of the chip maker’s stock after buying an additional 3,934 shares during the period. J.P. Marvel Investment Advisors LLC’s holdings in Intel Corporation were worth $3,374,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of INTC. Orrstown Financial Services Inc. increased its stake in Intel Corporation by 96.6% in the first quarter. Orrstown Financial Services Inc. now owns 3,725 shares of the chip maker’s stock valued at $134,000 after buying an additional 1,830 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in Intel Corporation by 53.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,040 shares of the chip maker’s stock valued at $146,000 after buying an additional 1,400 shares during the last quarter. Vigilant Capital Management LLC increased its stake in Intel Corporation by 22.6% in the first quarter. Vigilant Capital Management LLC now owns 4,373 shares of the chip maker’s stock valued at $158,000 after buying an additional 805 shares during the last quarter. Security Asset Management purchased a new stake in Intel Corporation during the fourth quarter valued at $162,000. Finally, Farmers National Bank increased its stake in Intel Corporation by 5.1% in the first quarter. Farmers National Bank now owns 4,842 shares of the chip maker’s stock valued at $183,000 after buying an additional 234 shares during the last quarter. Institutional investors and hedge funds own 67.31% of the company’s stock.

Intel Corporation (NASDAQ:INTC) traded down 0.514% during trading on Wednesday, hitting $35.815. The company had a trading volume of 4,867,998 shares. The company has a market cap of $168.29 billion, a PE ratio of 13.670 and a beta of 1.01. Intel Corporation has a 12 month low of $33.23 and a 12 month high of $38.45. The company’s 50 day moving average price is $34.96 and its 200-day moving average price is $35.67.

Intel Corporation (NASDAQ:INTC) last released its quarterly earnings data on Thursday, July 27th. The chip maker reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.04. Intel Corporation had a net margin of 20.60% and a return on equity of 21.86%. The firm had revenue of $14.76 billion for the quarter, compared to analyst estimates of $14.39 billion. During the same quarter in the prior year, the business earned $0.59 earnings per share. Intel Corporation’s quarterly revenue was up 9.1% on a year-over-year basis. Equities analysts expect that Intel Corporation will post $3.01 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, August 7th will be given a $0.2725 dividend. This represents a $1.09 annualized dividend and a yield of 3.03%. The ex-dividend date of this dividend is Thursday, August 3rd. Intel Corporation’s dividend payout ratio (DPR) is 41.76%.

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Several analysts have weighed in on INTC shares. B. Riley reiterated a “buy” rating and set a $44.00 price target on shares of Intel Corporation in a research note on Wednesday, May 3rd. Needham & Company LLC reiterated a “buy” rating and set a $43.00 price target on shares of Intel Corporation in a research note on Saturday, April 29th. Mizuho reiterated a “buy” rating on shares of Intel Corporation in a research note on Friday, April 28th. Vetr raised Intel Corporation from a “hold” rating to a “buy” rating and set a $37.01 price objective for the company in a report on Monday, May 15th. Finally, Zacks Investment Research raised Intel Corporation from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a report on Tuesday, May 16th. Five analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-seven have given a buy rating to the stock. Intel Corporation has an average rating of “Hold” and a consensus target price of $40.55.

In other Intel Corporation news, CEO Brian M. Krzanich sold 72,173 shares of the company’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $33.69, for a total value of $2,431,508.37. Following the completion of the transaction, the chief executive officer now owns 534,746 shares in the company, valued at approximately $18,015,592.74. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Venkata S. M. Renduchintala sold 1,424 shares of the company’s stock in a transaction dated 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 owns 1,536 shares of the company’s stock, valued at approximately $55,910.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 91,921 shares of company stock valued at $3,130,162. 0.09% of the stock is owned by insiders.

Intel Corporation Company 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).

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

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