Logan Capital Management Inc. lowered its stake in shares of Intel Corporation (NASDAQ:INTC) by 35.3% during the first quarter, Holdings Channel reports. The fund owned 82,354 shares of the chip maker’s stock after selling 44,973 shares during the period. Logan Capital Management Inc.’s holdings in Intel Corporation were worth $2,970,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Edmond DE Rothschild Holding S.A. raised its stake in Intel Corporation by 113.1% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 44,301 shares of the chip maker’s stock valued at $1,598,000 after buying an additional 23,516 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in Intel Corporation by 3.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 23,861,041 shares of the chip maker’s stock valued at $860,668,000 after buying an additional 764,551 shares during the last quarter. Brown Advisory Securities LLC raised its stake in Intel Corporation by 9.4% in the first quarter. Brown Advisory Securities LLC now owns 96,852 shares of the chip maker’s stock valued at $3,496,000 after buying an additional 8,342 shares during the last quarter. Stockman Wealth Management Inc. raised its stake in Intel Corporation by 2.3% in the first quarter. Stockman Wealth Management Inc. now owns 128,104 shares of the chip maker’s stock valued at $4,621,000 after buying an additional 2,903 shares during the last quarter. Finally, SRS Capital Advisors Inc. raised its stake in Intel Corporation by 69.1% in the first quarter. SRS Capital Advisors Inc. now owns 9,245 shares of the chip maker’s stock valued at $333,000 after buying an additional 3,778 shares during the last quarter. 67.50% of the stock is owned by institutional investors and hedge funds.

Intel Corporation (NASDAQ INTC) traded down 0.44% on Thursday, hitting $36.43. The stock had a trading volume of 4,484,600 shares. Intel Corporation has a 12-month low of $33.23 and a 12-month high of $38.45. The company has a market cap of $171.18 billion, a price-to-earnings ratio of 13.90 and a beta of 1.01. The company’s 50 day moving average price is $34.75 and its 200-day moving average price is $35.72.

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 the Zacks’ consensus estimate of $0.68 by $0.04. The business had revenue of $14.76 billion for the quarter, compared to analysts’ expectations of $14.39 billion. Intel Corporation had a return on equity of 21.86% and a net margin of 20.60%. The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.59 EPS. Equities research analysts anticipate that Intel Corporation will post $3.01 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Monday, August 7th will be issued a $0.2725 dividend. This represents a $1.09 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date of this dividend is Thursday, August 3rd. Intel Corporation’s payout ratio is 41.76%.

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Several analysts have commented on the stock. BidaskClub raised shares of Intel Corporation from a “hold” rating to a “buy” rating in a research report on Thursday. Goldman Sachs Group, Inc. (The) reissued a “hold” rating on shares of Intel Corporation in a research report on Wednesday. Vetr lowered shares of Intel Corporation from a “strong-buy” rating to a “buy” rating and set a $40.26 price target for the company. in a research report on Tuesday. B. Riley reissued a “buy” rating and set a $46.00 price target on shares of Intel Corporation in a research report on Wednesday, August 2nd. Finally, UBS AG reissued a “buy” rating and set a $40.00 price target (down from $41.00) on shares of Intel Corporation in a research report on Monday, July 31st. Five research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $40.55.

In related news, insider Venkata S. M. Renduchintala sold 13,996 shares of Intel Corporation stock in a transaction on Monday, July 31st. The stock was sold at an average price of $35.47, for a total value of $496,438.12. Following the transaction, the insider now directly owns 1,536 shares in the company, valued at approximately $54,481.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Brian M. Krzanich sold 72,173 shares of Intel Corporation stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $33.69, for a total value of $2,431,508.37. Following the completion of the transaction, the chief executive officer now owns 534,746 shares in the company, valued at $18,015,592.74. The disclosure for this sale can be found here. Insiders sold a total of 91,921 shares of company stock worth $3,130,162 over the last 90 days. 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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