RKL Wealth Management LLC lifted its holdings in shares of Intel Corporation (NASDAQ:INTC) by 64.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,424 shares of the chip maker’s stock after purchasing an additional 4,483 shares during the quarter. RKL Wealth Management LLC’s holdings in Intel were worth $385,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Lourd Capital LLC lifted its stake in Intel by 1.1% during the 1st quarter. Lourd Capital LLC now owns 9,094 shares of the chip maker’s stock worth $328,000 after acquiring an additional 99 shares in the last quarter. Virtu Financial LLC acquired a new position in Intel during the 1st quarter worth about $822,000. Alerus Financial NA lifted its stake in Intel by 3.5% during the 1st quarter. Alerus Financial NA now owns 66,462 shares of the chip maker’s stock worth $2,397,000 after acquiring an additional 2,238 shares in the last quarter. Vigilant Capital Management LLC lifted its stake in Intel by 22.6% during the 1st quarter. Vigilant Capital Management LLC now owns 4,373 shares of the chip maker’s stock worth $158,000 after acquiring an additional 805 shares in the last quarter. Finally, Wetherby Asset Management Inc. lifted its stake in Intel by 0.8% during the 1st quarter. Wetherby Asset Management Inc. now owns 91,792 shares of the chip maker’s stock worth $3,311,000 after acquiring an additional 706 shares in the last quarter. Institutional investors and hedge funds own 67.69% of the company’s stock.

Intel Corporation (INTC) opened at $43.35 on Friday. Intel Corporation has a 12 month low of $33.23 and a 12 month high of $47.30. The firm has a market capitalization of $203,346.00, a P/E ratio of 13.66, a price-to-earnings-growth ratio of 1.59 and a beta of 1.06. The company has a quick ratio of 1.27, a current ratio of 1.60 and a debt-to-equity ratio of 0.39.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.21. Intel had a return on equity of 22.65% and a net margin of 22.31%. The company had revenue of $16.15 billion for the quarter, compared to the consensus estimate of $15.73 billion. During the same period last year, the business posted $0.80 EPS. The company’s revenue was up 2.4% on a year-over-year basis. equities research analysts predict that Intel Corporation will post 3.25 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Tuesday, November 7th were paid a $0.2725 dividend. The ex-dividend date of this dividend was Monday, November 6th. This represents a $1.09 annualized dividend and a dividend yield of 2.51%. Intel’s dividend payout ratio (DPR) is currently 38.11%.

Several equities analysts recently issued reports on INTC shares. Zacks Investment Research raised Intel from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research note on Wednesday, September 6th. ValuEngine lowered Intel from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Vetr raised Intel from a “buy” rating to a “strong-buy” rating and set a $41.56 target price on the stock in a research note on Thursday, August 24th. Credit Suisse Group reissued an “outperform” rating on shares of Intel in a research note on Thursday, August 31st. Finally, Stifel Nicolaus increased their price target on Intel from $41.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, October 20th. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $43.68.

In other news, EVP Diane M. Bryant sold 570 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $44.49, for a total value of $25,359.30. Following the completion of the sale, the executive vice president now directly owns 110,850 shares of the company’s stock, valued at approximately $4,931,716.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Brian M. Krzanich sold 61,860 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, 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 a total of 1,548,914 shares of company stock worth $68,196,589 over the last quarter. Company insiders own 0.08% of the company’s stock.

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Intel 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 (NASDAQ:INTC)

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