Rice Hall James & Associates LLC lessened its holdings in Intel Corporation (NASDAQ:INTC) by 7.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,200 shares of the chip maker’s stock after selling 950 shares during the period. Rice Hall James & Associates LLC’s holdings in Intel Corporation were worth $378,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Summit Asset Management LLC raised its position in Intel Corporation by 0.7% in the first quarter. Summit Asset Management LLC now owns 6,281 shares of the chip maker’s stock worth $227,000 after purchasing an additional 46 shares in the last quarter. Conservest Capital Advisors Inc. raised its position in Intel Corporation by 0.6% in the second quarter. Conservest Capital Advisors Inc. now owns 8,953 shares of the chip maker’s stock worth $302,000 after purchasing an additional 51 shares in the last quarter. Hudock Capital Group LLC raised its position in Intel Corporation by 0.4% in the first quarter. Hudock Capital Group LLC now owns 12,570 shares of the chip maker’s stock worth $453,000 after purchasing an additional 53 shares in the last quarter. Bank of Stockton raised its position in Intel Corporation by 0.4% in the second quarter. Bank of Stockton now owns 16,321 shares of the chip maker’s stock worth $550,000 after purchasing an additional 72 shares in the last quarter. Finally, Benin Management CORP raised its position in Intel Corporation by 0.3% in the second quarter. Benin Management CORP now owns 26,055 shares of the chip maker’s stock worth $879,000 after purchasing an additional 84 shares in the last quarter. 67.07% of the stock is owned by hedge funds and other institutional investors.

Shares of Intel Corporation (NASDAQ INTC) opened at $46.34 on Friday. Intel Corporation has a 12 month low of $33.23 and a 12 month high of $47.30. The company has a quick ratio of 1.27, a current ratio of 1.60 and a debt-to-equity ratio of 0.39. The firm has a market cap of $216,871.20, a PE ratio of 14.57, a price-to-earnings-growth ratio of 1.70 and a beta of 1.09.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Tuesday, November 7th will be paid a $0.2725 dividend. This represents a $1.09 annualized dividend and a yield of 2.35%. The ex-dividend date is Monday, November 6th. Intel Corporation’s dividend payout ratio (DPR) is 38.11%.

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In other Intel Corporation news, EVP Diane M. Bryant sold 570 shares of Intel Corporation stock in a transaction dated Monday, October 30th. The shares were 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 owns 110,850 shares in the company, valued at approximately $4,931,716.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brian M. Krzanich sold 61,860 shares of Intel Corporation stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $38.74, for a total transaction of $2,396,456.40. Following the completion of the sale, the chief executive officer now owns 543,948 shares of the company’s stock, valued at approximately $21,072,545.52. The disclosure for this sale can be found here. Insiders sold a total of 659,036 shares of company stock valued at $28,858,170 in the last quarter. Corporate insiders own 0.08% of the company’s stock.

INTC has been the topic of several research analyst reports. Jefferies Group LLC reaffirmed an “underperform” rating and set a $30.00 price objective (up from $29.00) on shares of Intel Corporation in a research note on Friday, July 28th. They noted that the move was a valuation call. Sanford C. Bernstein set a $30.00 price objective on shares of Intel Corporation and gave the stock a “sell” rating in a research note on Tuesday, August 15th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $40.00 price objective (up from $37.00) on shares of Intel Corporation in a research note on Friday, October 6th. KeyCorp reaffirmed a “buy” rating and set a $50.00 price objective on shares of Intel Corporation in a research note on Friday, October 27th. Finally, Hilliard Lyons initiated coverage on shares of Intel Corporation in a research note on Wednesday, July 12th. They set a “buy” rating and a $41.00 price objective on the stock. Five equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $43.00.

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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