Midas Management Corp held its position in shares of Intel Corporation (NASDAQ:INTC) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 65,000 shares of the chip maker’s stock at the end of the 2nd quarter. Midas Management Corp’s holdings in Intel Corporation were worth $2,193,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Murphy Capital Management Inc. lifted its stake in Intel Corporation by 18.4% during the second quarter. Murphy Capital Management Inc. now owns 31,721 shares of the chip maker’s stock valued at $1,070,000 after purchasing an additional 4,928 shares during the last quarter. Sigma Planning Corp lifted its stake in Intel Corporation by 0.5% during the first quarter. Sigma Planning Corp now owns 64,672 shares of the chip maker’s stock valued at $2,333,000 after purchasing an additional 335 shares during the last quarter. Stockman Wealth Management Inc. lifted its stake in Intel Corporation by 2.3% during the first quarter. Stockman Wealth Management Inc. now owns 128,104 shares of the chip maker’s stock valued at $4,621,000 after purchasing an additional 2,903 shares during the last quarter. Pillar Pacific Capital Management LLC lifted its stake in Intel Corporation by 0.4% during the first quarter. Pillar Pacific Capital Management LLC now owns 235,734 shares of the chip maker’s stock valued at $8,503,000 after purchasing an additional 930 shares during the last quarter. Finally, GFS Advisors LLC lifted its stake in Intel Corporation by 9.2% during the first quarter. GFS Advisors LLC now owns 114,035 shares of the chip maker’s stock valued at $4,114,000 after purchasing an additional 9,635 shares during the last quarter. 67.02% of the stock is owned by institutional investors and hedge funds.

In other Intel Corporation news, EVP Diane M. Bryant sold 1,639 shares of the firm’s stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $34.65, for a total transaction of $56,791.35. Following the transaction, the executive vice president now directly owns 114,542 shares in the company, valued at approximately $3,968,880.30. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Venkata S. M. Renduchintala sold 13,996 shares of the firm’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $35.47, for a total value of $496,438.12. Following the transaction, the insider now owns 1,536 shares in the company, valued at $54,481.92. The disclosure for this sale can be found here. Over the last quarter, insiders sold 81,608 shares of company stock worth $3,095,110. 0.08% of the stock is owned by company insiders.

Intel Corporation (NASDAQ INTC) opened at 39.67 on Friday. The firm has a market capitalization of $186.41 billion, a P/E ratio of 15.14 and a beta of 1.07. The company’s 50-day moving average is $37.23 and its 200-day moving average is $35.94. Intel Corporation has a one year low of $33.23 and a one year high of $39.95.

Intel Corporation (NASDAQ:INTC) last issued its earnings results on Thursday, July 27th. The chip maker reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.04. Intel Corporation had a return on equity of 21.86% and a net margin of 20.60%. The company had revenue of $14.76 billion for the quarter, compared to analysts’ expectations of $14.39 billion. During the same period last year, the business earned $0.59 EPS. Intel Corporation’s quarterly revenue was up 9.1% compared to the same quarter last year. Equities analysts forecast that Intel Corporation will post $3.01 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Tuesday, November 7th will be issued a $0.2725 dividend. This represents a $1.09 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date of this dividend is Monday, November 6th. Intel Corporation’s dividend payout ratio is currently 41.76%.

Several research firms recently commented on INTC. Vetr raised shares of Intel Corporation from a “buy” rating to a “strong-buy” rating and set a $44.36 target price for the company in a research note on Wednesday. Susquehanna Bancshares Inc upped their price target on shares of Intel Corporation from $45.00 to $46.00 and gave the company a “positive” rating in a research report on Tuesday, October 10th. Mizuho restated a “buy” rating and issued a $45.00 price target (up previously from $42.00) on shares of Intel Corporation in a research report on Monday, October 9th. Royal Bank of Canada restated a “sector perform” rating and issued a $40.00 price target (up previously from $37.00) on shares of Intel Corporation in a research report on Friday, October 6th. Finally, ValuEngine upgraded shares of Intel Corporation from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Five investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. Intel Corporation currently has an average rating of “Hold” and an average target price of $40.75.

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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).

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

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