Sigma Planning Corp decreased its stake in shares of Intel Corporation (NASDAQ:INTC) by 7.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 59,787 shares of the chip maker’s stock after selling 4,885 shares during the quarter. Sigma Planning Corp’s holdings in Intel Corporation were worth $2,017,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Murphy Capital Management Inc. increased its position in shares of Intel Corporation by 18.4% during the 2nd quarter. Murphy Capital Management Inc. now owns 31,721 shares of the chip maker’s stock worth $1,070,000 after purchasing an additional 4,928 shares during the last quarter. Papp L Roy & Associates increased its position in shares of Intel Corporation by 1.2% during the 2nd quarter. Papp L Roy & Associates now owns 68,065 shares of the chip maker’s stock worth $2,297,000 after purchasing an additional 800 shares during the last quarter. Chicago Partners Investment Group LLC increased its position in shares of Intel Corporation by 182.1% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 15,097 shares of the chip maker’s stock worth $530,000 after purchasing an additional 9,746 shares during the last quarter. United Bank increased its position in shares of Intel Corporation by 108.0% during the 2nd quarter. United Bank now owns 43,841 shares of the chip maker’s stock worth $1,479,000 after purchasing an additional 22,765 shares during the last quarter. Finally, Kanawha Capital Management LLC increased its position in shares of Intel Corporation by 2.0% during the 2nd quarter. Kanawha Capital Management LLC now owns 312,331 shares of the chip maker’s stock worth $10,538,000 after purchasing an additional 6,222 shares during the last quarter. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

INTC has been the topic of several recent analyst reports. Jefferies Group LLC lowered Intel Corporation from a “hold” rating to an “underperform” rating and lowered their price target for the stock from $29.00 to $28.00 in a research report on Monday, July 10th. Needham & Company LLC reaffirmed a “buy” rating and set a $43.00 price target on shares of Intel Corporation in a research report on Wednesday, July 12th. Hilliard Lyons initiated coverage on Intel Corporation in a research report on Wednesday, July 12th. They set a “buy” rating and a $41.00 price target on the stock. Canaccord Genuity reaffirmed a “buy” rating and set a $38.00 price target on shares of Intel Corporation in a research report on Wednesday, July 12th. Finally, Robert W. Baird reaffirmed an “outperform” rating and set a $42.00 price target on shares of Intel Corporation in a research report on Thursday, July 13th. Five equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $43.00.

In other news, insider Stacy J. Smith sold 472,337 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $44.23, for a total value of $20,891,465.51. Following the transaction, the insider now owns 265,298 shares in the company, valued at $11,734,130.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David B. Yoffie sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $44.93, for a total value of $1,347,900.00. Following the completion of the transaction, the director now owns 50,005 shares in the company, valued at approximately $2,246,724.65. The disclosure for this sale can be found here. Insiders sold 657,612 shares of company stock worth $28,806,336 in the last 90 days. Corporate insiders own 0.08% of the company’s stock.

Intel Corporation (INTC) opened at $46.34 on Monday. The stock has a market capitalization of $216,871.20, a P/E ratio of 14.57, a price-to-earnings-growth ratio of 1.70 and a beta of 1.09. 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 Corporation has a fifty-two week low of $33.23 and a fifty-two week high of $47.30.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Tuesday, November 7th will be issued a $0.2725 dividend. The ex-dividend date of this dividend is Monday, November 6th. This represents a $1.09 dividend on an annualized basis and a dividend yield of 2.35%. Intel Corporation’s dividend payout ratio is presently 38.11%.

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Intel Corporation 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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