Mutual of Omaha Bank Wealth Management reduced its stake in Intel Corporation (NASDAQ:INTC) by 15.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 69,220 shares of the chip maker’s stock after selling 12,400 shares during the period. Intel Corporation accounts for about 0.8% of Mutual of Omaha Bank Wealth Management’s investment portfolio, making the stock its 27th biggest holding. Mutual of Omaha Bank Wealth Management’s holdings in Intel Corporation were worth $2,335,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Murphy Capital Management Inc. raised its holdings in shares of Intel Corporation by 18.4% during the second quarter. Murphy Capital Management Inc. now owns 31,721 shares of the chip maker’s stock valued at $1,070,000 after buying an additional 4,928 shares during the last quarter. Sigma Planning Corp raised its holdings in shares of Intel Corporation by 0.5% during 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 last quarter. Pillar Pacific Capital Management LLC raised its holdings in shares of Intel Corporation by 0.4% during the first quarter. Pillar Pacific Capital Management LLC now owns 235,734 shares of the chip maker’s stock valued at $8,503,000 after buying an additional 930 shares during the last quarter. GFS Advisors LLC raised its holdings in shares of Intel Corporation by 9.2% during the first quarter. GFS Advisors LLC now owns 114,035 shares of the chip maker’s stock valued at $4,114,000 after buying an additional 9,635 shares during the last quarter. Finally, Park National Corp OH raised its holdings in shares of Intel Corporation by 2.3% during the second quarter. Park National Corp OH now owns 831,773 shares of the chip maker’s stock valued at $28,064,000 after buying an additional 18,938 shares during the last quarter. 67.09% of the stock is currently owned by institutional investors.

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In related news, EVP Diane M. Bryant sold 1,639 shares of Intel Corporation stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $34.65, for a total transaction of $56,791.35. Following the sale, the executive vice president now directly owns 114,542 shares of the company’s stock, valued at approximately $3,968,880.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Brian M. Krzanich sold 72,173 shares of Intel Corporation stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $33.69, for a total transaction of $2,431,508.37. Following the sale, the chief executive officer now directly 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 valued at $3,130,162 over the last 90 days. Corporate insiders own 0.08% of the company’s stock.

Shares of Intel Corporation (NASDAQ INTC) traded up 0.64% during mid-day trading on Wednesday, reaching $36.32. 7,578,326 shares of the company’s stock traded hands. Intel Corporation has a 12 month low of $33.23 and a 12 month high of $38.45. The stock has a market cap of $170.67 billion, a PE ratio of 13.86 and a beta of 1.02. The firm has a 50 day moving average price of $35.49 and a 200-day moving average price of $35.51.

Intel Corporation (NASDAQ:INTC) last issued its earnings results on Thursday, July 27th. The chip maker reported $0.72 EPS for the quarter, beating the consensus estimate of $0.68 by $0.04. The company had revenue of $14.76 billion during the quarter, compared to analysts’ expectations of $14.39 billion. Intel Corporation had a net margin of 20.60% and a return on equity of 21.86%. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.59 EPS. On average, analysts predict that Intel Corporation will post $3.01 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Monday, August 7th were given a $0.2725 dividend. This represents a $1.09 annualized dividend and a dividend yield of 3.02%. The ex-dividend date of this dividend was Thursday, August 3rd. Intel Corporation’s payout ratio is presently 41.76%.

A number of research firms have recently weighed in on INTC. B. Riley reaffirmed a “buy” rating and set a $46.00 price target on shares of Intel Corporation in a report on Friday, July 28th. BidaskClub raised Intel Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 10th. Zacks Investment Research cut Intel Corporation from a “buy” rating to a “hold” rating in a report on Wednesday. Vetr cut Intel Corporation from a “strong-buy” rating to a “buy” rating and set a $40.26 price target on the stock. in a report on Tuesday, August 8th. Finally, Canaccord Genuity reaffirmed a “hold” rating and set a $38.00 price target on shares of Intel Corporation in a report on Monday. Six analysts have rated the stock with a sell rating, sixteen have given a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $40.55.

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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