Leavell Investment Management Inc. increased its position in Intel Corporation (NASDAQ:INTC) by 5.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,939 shares of the chip maker’s stock after buying an additional 4,825 shares during the period. Leavell Investment Management Inc.’s holdings in Intel Corporation were worth $3,569,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Frontier Wealth Management LLC raised its stake in shares of Intel Corporation by 20.4% in the fourth quarter. Frontier Wealth Management LLC now owns 96,009 shares of the chip maker’s stock worth $3,482,000 after buying an additional 16,279 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Intel Corporation during the fourth quarter worth approximately $3,875,000. Elkfork Partners LLC bought a new stake in shares of Intel Corporation during the fourth quarter worth approximately $81,579,000. Wilkins Investment Counsel Inc. raised its stake in shares of Intel Corporation by 3.4% in the fourth quarter. Wilkins Investment Counsel Inc. now owns 298,717 shares of the chip maker’s stock worth $10,834,000 after buying an additional 9,740 shares in the last quarter. Finally, Stellar Capital Management LLC bought a new stake in shares of Intel Corporation during the fourth quarter worth approximately $4,715,000. 67.35% of the stock is currently owned by hedge funds and other institutional investors.

Intel Corporation (NASDAQ INTC) opened at 34.47 on Tuesday. The firm has a 50-day moving average price of $35.45 and a 200-day moving average price of $36.07. The company has a market cap of $162.32 billion, a PE ratio of 14.92 and a beta of 1.00. Intel Corporation has a 52-week low of $33.23 and a 52-week high of $38.45.

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

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INTC has been the topic of a number of research analyst reports. B. Riley reissued a “buy” rating and set a $44.00 price objective on shares of Intel Corporation in a report on Thursday, March 23rd. Susquehanna Bancshares Inc reissued a “positive” rating on shares of Intel Corporation in a report on Tuesday, March 28th. Robert W. Baird reissued an “outperform” rating and set a $42.00 price objective on shares of Intel Corporation in a report on Tuesday, March 28th. They noted that the move was a valuation call. Needham & Company LLC reissued a “buy” rating and set a $43.00 price objective on shares of Intel Corporation in a report on Wednesday, March 29th. Finally, Rosenblatt Securities reissued a “sell” rating on shares of Intel Corporation in a report on Thursday, March 30th. Seven analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company. Intel Corporation presently 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 firm’s stock in a transaction dated Tuesday, April 25th. The stock was sold at an average price of $36.85, for a total value of $60,397.15. Following the sale, the insider now owns 113,357 shares of the company’s stock, valued at approximately $4,177,205.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Venkata S. M. Renduchintala sold 13,997 shares of the firm’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $36.11, for a total value of $505,431.67. Following the completion of the sale, the insider now directly owns 1,536 shares in the company, valued at approximately $55,464.96. The disclosure for this sale can be found here. In the last ninety days, insiders sold 119,994 shares of company stock worth $4,166,359. Insiders own 0.09% of the company’s stock.

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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