Neville Rodie & Shaw Inc. lessened its holdings in shares of Intel Corporation (NASDAQ:INTC) by 5.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 299,555 shares of the chip maker’s stock after selling 17,884 shares during the quarter. Intel Corporation comprises 1.2% of Neville Rodie & Shaw Inc.’s investment portfolio, making the stock its 28th largest position. Neville Rodie & Shaw Inc.’s holdings in Intel Corporation were worth $10,107,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of INTC. Watermark Asset Management Inc. bought a new stake in Intel Corporation in the 1st quarter worth approximately $113,000. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its position in Intel Corporation by 53.0% in the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,040 shares of the chip maker’s stock worth $146,000 after buying an additional 1,400 shares during the last quarter. Vigilant Capital Management LLC lifted its position in Intel Corporation by 22.6% in the 1st quarter. Vigilant Capital Management LLC now owns 4,373 shares of the chip maker’s stock worth $158,000 after buying an additional 805 shares during the last quarter. Farmers National Bank lifted its position in Intel Corporation by 5.1% in the 1st quarter. Farmers National Bank now owns 4,842 shares of the chip maker’s stock worth $183,000 after buying an additional 234 shares during the last quarter. Finally, ARP Americas LLC bought a new stake in Intel Corporation in the 1st quarter worth approximately $202,000. Hedge funds and other institutional investors own 67.03% of the company’s stock.

In other news, insider Venkata S. M. Renduchintala sold 1,424 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $36.40, for a total value of $51,833.60. Following the completion of the sale, the insider now directly owns 1,536 shares in the company, valued at $55,910.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Venkata S. M. Renduchintala sold 13,996 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $35.47, for a total value of $496,438.12. Following the completion of the sale, the insider now owns 1,536 shares of the company’s stock, valued at $54,481.92. The disclosure for this sale can be found here. Insiders sold 91,921 shares of company stock valued at $3,130,162 over the last 90 days. Company insiders own 0.08% of the company’s stock.

Intel Corporation (NASDAQ:INTC) traded up 0.51% during midday trading on Tuesday, hitting $37.19. The stock had a trading volume of 9,990,740 shares. Intel Corporation has a 12-month low of $33.23 and a 12-month high of $38.45. The firm has a 50-day moving average of $35.69 and a 200-day moving average of $35.52. The company has a market cap of $174.76 billion, a PE ratio of 14.19 and a beta of 1.02.

Intel Corporation (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, July 27th. The chip maker reported $0.72 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.04. Intel Corporation had a return on equity of 21.86% and a net margin of 20.60%. The company had revenue of $14.76 billion during the quarter, compared to analyst estimates of $14.39 billion. During the same period in the previous year, the business earned $0.59 EPS. Intel Corporation’s quarterly revenue was up 9.1% on a year-over-year basis. Equities research analysts forecast that Intel Corporation will post $3.01 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Tuesday, November 7th will be given 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 2.95%. Intel Corporation’s dividend payout ratio (DPR) is presently 41.76%.

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INTC has been the subject of a number of recent research reports. Zacks Investment Research downgraded Intel Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. Stifel Nicolaus restated a “buy” rating and issued a $39.00 target price on shares of Intel Corporation in a research report on Friday, July 14th. Bank of America Corporation downgraded Intel Corporation from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $42.00 to $38.00 in a research report on Wednesday, June 21st. Credit Suisse Group restated a “neutral” rating and issued a $35.00 target price on shares of Intel Corporation in a research report on Tuesday, July 4th. Finally, ValuEngine downgraded Intel Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Six research analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $40.60.

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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