Rand Wealth LLC decreased its position in shares of Intel Corporation (NASDAQ:INTC) by 2.1% during the first quarter, Holdings Channel reports. The institutional investor owned 312,885 shares of the chip maker’s stock after selling 6,639 shares during the period. Intel Corporation comprises approximately 1.4% of Rand Wealth LLC’s portfolio, making the stock its 17th largest position. Rand Wealth LLC’s holdings in Intel Corporation were worth $11,286,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in INTC. RB Capital Management LLC purchased a new position in shares of Intel Corporation during the fourth quarter valued at about $858,000. Sigma Planning Corp boosted its position in shares of Intel Corporation by 0.5% in the first quarter. Sigma Planning Corp now owns 64,672 shares of the chip maker’s stock valued at $2,333,000 after buying an additional 335 shares during the period. Bank of Nova Scotia Trust Co. boosted its position in shares of Intel Corporation by 399.5% in the fourth quarter. Bank of Nova Scotia Trust Co. now owns 42,610 shares of the chip maker’s stock valued at $1,545,000 after buying an additional 34,080 shares during the period. Ellington Management Group LLC purchased a new position in shares of Intel Corporation during the fourth quarter valued at about $203,000. Finally, Exchange Capital Management Inc. boosted its position in shares of Intel Corporation by 1.6% in the fourth quarter. Exchange Capital Management Inc. now owns 61,672 shares of the chip maker’s stock valued at $2,237,000 after buying an additional 953 shares during the period. 67.35% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Intel Corporation (INTC) opened at 34.47 on Tuesday. The firm has a market cap of $162.32 billion, a P/E ratio of 14.92 and a beta of 1.00. The company has a 50-day moving average of $35.45 and a 200 day moving average of $36.07. Intel Corporation has a 12-month low of $33.23 and a 12-month high of $38.45.

Intel Corporation (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, April 27th. The chip maker reported $0.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.01. The company had revenue of $14.80 billion for the quarter, compared to the consensus estimate of $14.80 billion. Intel Corporation had a net margin of 18.57% and a return on equity of 21.48%. Intel Corporation’s revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.54 earnings per share. Equities research analysts anticipate that Intel Corporation will post $2.86 earnings per share for the current fiscal year.

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INTC has been the topic of several research analyst reports. Instinet reissued a “buy” rating and issued a $40.00 price objective on shares of Intel Corporation in a research note on Thursday, March 30th. B. Riley reissued a “buy” rating and issued a $44.00 price objective on shares of Intel Corporation in a research note on Thursday, March 23rd. Needham & Company LLC reissued a “buy” rating and issued a $43.00 price objective on shares of Intel Corporation in a research note on Wednesday, March 29th. Vetr raised Intel Corporation from a “hold” rating to a “buy” rating and set a $37.50 price objective on the stock in a research note on Monday, April 10th. Finally, Mizuho reissued a “buy” rating and issued a $42.00 price objective on shares of Intel Corporation in a research note on Tuesday, April 11th. Seven investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $40.09.

In other Intel Corporation news, insider Diane M. Bryant sold 1,639 shares of the stock in a transaction that occurred on Tuesday, April 25th. The shares were sold at an average price of $36.85, for a total transaction of $60,397.15. Following the transaction, the insider now owns 113,357 shares of the company’s stock, valued at $4,177,205.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Brian M. Krzanich sold 72,173 shares of the stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $33.69, for a total transaction of $2,431,508.37. Following the transaction, the chief executive officer now directly owns 534,746 shares in the company, valued at approximately $18,015,592.74. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 119,994 shares of company stock worth $4,166,359. 0.09% of the stock is currently 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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