F&V Capital Management LLC trimmed its position in Intel Corporation (NASDAQ:INTC) by 3.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 159,750 shares of the chip maker’s stock after selling 6,345 shares during the period. Intel Corporation comprises about 3.1% of F&V Capital Management LLC’s investment portfolio, making the stock its 15th largest position. F&V Capital Management LLC’s holdings in Intel Corporation were worth $5,390,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Tompkins Financial Corp lifted its holdings in Intel Corporation by 1.6% in the 2nd quarter. Tompkins Financial Corp now owns 45,507 shares of the chip maker’s stock valued at $1,535,000 after purchasing an additional 725 shares in the last quarter. Smith Shellnut Wilson LLC ADV lifted its holdings in Intel Corporation by 27.2% in the 2nd quarter. Smith Shellnut Wilson LLC ADV now owns 8,771 shares of the chip maker’s stock valued at $288,000 after purchasing an additional 1,873 shares in the last quarter. New England Research & Management Inc. lifted its holdings in Intel Corporation by 13.3% in the 2nd quarter. New England Research & Management Inc. now owns 57,019 shares of the chip maker’s stock valued at $1,924,000 after purchasing an additional 6,680 shares in the last quarter. Capital Investment Advisors LLC lifted its holdings in Intel Corporation by 4.4% in the 2nd quarter. Capital Investment Advisors LLC now owns 296,029 shares of the chip maker’s stock valued at $9,988,000 after purchasing an additional 12,508 shares in the last quarter. Finally, Private Trust Co. NA lifted its holdings in Intel Corporation by 12.1% in the 2nd 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. Institutional investors own 67.03% of the company’s stock.

A number of research analysts have issued reports on INTC shares. Zacks Investment Research upgraded shares of Intel Corporation from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a report on Thursday, June 22nd. Needham & Company LLC restated a “buy” rating and issued a $43.00 target price on shares of Intel Corporation in a report on Wednesday, July 12th. Hilliard Lyons started coverage on shares of Intel Corporation in a report on Wednesday, July 12th. They issued a “buy” rating and a $41.00 target price on the stock. Canaccord Genuity restated a “buy” rating and issued a $38.00 target price on shares of Intel Corporation in a report on Wednesday, July 12th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $39.00 target price on shares of Intel Corporation in a report on Friday, July 14th. Five analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $40.57.

Shares of Intel Corporation (NASDAQ INTC) traded down 0.30% during midday trading on Tuesday, reaching $37.05. The company’s stock had a trading volume of 7,789,060 shares. The company has a market cap of $174.10 billion, a price-to-earnings ratio of 14.14 and a beta of 1.02. The stock has a 50-day moving average of $35.74 and a 200 day moving average of $35.53. Intel Corporation has a 12 month low of $33.23 and a 12 month high of $38.45.

Intel Corporation (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, July 27th. The chip maker reported $0.72 earnings per share (EPS) for the quarter, topping the 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 the consensus estimate of $14.39 billion. During the same period in the prior year, the company earned $0.59 earnings per share. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. On average, analysts predict that Intel Corporation will post $3.01 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Tuesday, November 7th will be issued a $0.2725 dividend. The ex-dividend date is Monday, November 6th. This represents a $1.09 annualized dividend and a dividend yield of 2.93%. Intel Corporation’s dividend payout ratio (DPR) is currently 41.76%.

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In other Intel Corporation news, CEO Brian M. Krzanich sold 72,173 shares of the stock in a transaction dated 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 sale, the chief executive officer now directly owns 534,746 shares in the company, valued at $18,015,592.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Diane M. Bryant sold 2,119 shares of the stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $34.68, for a total value of $73,486.92. Following the completion of the sale, the executive vice president now owns 108,471 shares of the company’s stock, valued at $3,761,774.28. 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. Corporate insiders own 0.08% of the company’s stock.

About Intel Corporation

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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