Capital Investment Advisors LLC increased its stake in Intel Corporation (NASDAQ:INTC) by 4.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 296,029 shares of the chip maker’s stock after purchasing an additional 12,508 shares during the quarter. Capital Investment Advisors LLC’s holdings in Intel Corporation were worth $9,988,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Private Trust Co. NA grew its position in shares of Intel Corporation by 12.1% in the second quarter. Private Trust Co. NA now owns 54,811 shares of the chip maker’s stock valued at $1,849,000 after purchasing an additional 5,936 shares in the last quarter. Iberiabank Corp grew its position in shares of Intel Corporation by 1.8% in the second quarter. Iberiabank Corp now owns 153,793 shares of the chip maker’s stock valued at $5,189,000 after purchasing an additional 2,753 shares in the last quarter. RB Capital Management LLC grew its position in shares of Intel Corporation by 6.8% in the second quarter. RB Capital Management LLC now owns 25,421 shares of the chip maker’s stock valued at $858,000 after purchasing an additional 1,612 shares in the last quarter. Dynamic Advisors Solutions LLC grew its position in shares of Intel Corporation by 9.3% in the second quarter. Dynamic Advisors Solutions LLC now owns 68,987 shares of the chip maker’s stock valued at $2,328,000 after purchasing an additional 5,842 shares in the last quarter. Finally, Koshinski Asset Management Inc. grew its position in shares of Intel Corporation by 26.3% in the second quarter. Koshinski Asset Management Inc. now owns 27,797 shares of the chip maker’s stock valued at $938,000 after purchasing an additional 5,784 shares in the last quarter. Institutional investors own 67.03% of the company’s stock.

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Intel Corporation (NASDAQ INTC) traded down 0.05% during midday trading on Friday, hitting $37.18. The stock had a trading volume of 21,631,754 shares. The firm has a market capitalization of $174.71 billion, a P/E ratio of 14.19 and a beta of 1.02. The firm has a 50-day moving average of $35.74 and a 200 day moving average of $35.53. Intel Corporation has a 52-week low of $33.23 and a 52-week high of $38.45.

Intel Corporation (NASDAQ:INTC) last posted its earnings results on Thursday, July 27th. The chip maker reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.04. The company had revenue of $14.76 billion during the quarter, compared to the consensus estimate of $14.39 billion. Intel Corporation had a net margin of 20.60% and a return on equity of 21.86%. The firm’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 earnings per share. On average, equities analysts forecast that Intel Corporation will post $3.01 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Tuesday, November 7th will be given a dividend of $0.2725 per share. The ex-dividend date of this dividend is Monday, November 6th. This represents a $1.09 dividend on an annualized basis and a yield of 2.93%. Intel Corporation’s dividend payout ratio is presently 41.76%.

Several equities analysts have recently weighed in on the company. Jefferies Group LLC set a $38.00 price target on Intel Corporation and gave the company a “hold” rating in a research report on Saturday, June 3rd. B. Riley reissued a “buy” rating and set a $46.00 price objective on shares of Intel Corporation in a research note on Friday, July 28th. Vetr raised Intel Corporation from a “buy” rating to a “strong-buy” rating and set a $40.45 price objective for the company in a research note on Monday, June 12th. Bank of America Corporation lowered Intel Corporation from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $42.00 to $38.00 in a research note on Wednesday, June 21st. Finally, Summit Redstone reissued a “hold” rating on shares of Intel Corporation in a research note on Saturday, July 22nd. Five analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $40.57.

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

Institutional Ownership by Quarter for Intel Corporation (NASDAQ:INTC)

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