Stewart & Patten Co. LLC raised its position in Intel Corporation (NASDAQ:INTC) by 0.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 550,009 shares of the chip maker’s stock after purchasing an additional 1,272 shares during the period. Intel Corporation makes up about 3.5% of Stewart & Patten Co. LLC’s investment portfolio, making the stock its 11th biggest holding. Stewart & Patten Co. LLC owned about 0.13% of Intel Corporation worth $18,558,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Watermark Asset Management Inc. bought a new stake in shares of Intel Corporation during the first quarter worth $113,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its position in shares of Intel Corporation by 53.0% during the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,040 shares of the chip maker’s stock worth $146,000 after acquiring an additional 1,400 shares in the last quarter. Orrstown Financial Services Inc. increased its position in shares of Intel Corporation by 23.0% during the second quarter. Orrstown Financial Services Inc. now owns 4,582 shares of the chip maker’s stock worth $155,000 after acquiring an additional 857 shares in the last quarter. Winfield Associates Inc. increased its position in shares of Intel Corporation by 6.0% during the second quarter. Winfield Associates Inc. now owns 4,651 shares of the chip maker’s stock worth $156,000 after acquiring an additional 265 shares in the last quarter. Finally, Vigilant Capital Management LLC increased its position in shares of Intel Corporation by 22.6% during the first quarter. Vigilant Capital Management LLC now owns 4,373 shares of the chip maker’s stock worth $158,000 after acquiring an additional 805 shares in the last quarter. 67.02% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have recently issued reports on INTC. B. Riley reissued a “buy” rating and set a $46.00 price objective on shares of Intel Corporation in a research report on Friday, July 28th. BidaskClub raised shares of Intel Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. Vetr downgraded shares of Intel Corporation from a “strong-buy” rating to a “buy” rating and set a $40.26 price objective for the company. in a research report on Tuesday, August 8th. Mizuho reissued a “buy” rating and set a $45.00 price objective (up previously from $42.00) on shares of Intel Corporation in a research report on Monday, October 9th. Finally, Goldman Sachs Group, Inc. (The) reissued a “hold” rating on shares of Intel Corporation in a research report on Wednesday. Five investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $40.94.

In other Intel Corporation news, insider Venkata S. M. Renduchintala sold 1,424 shares of the stock in a transaction that occurred 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 directly owns 1,536 shares in the company, valued at $55,910.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Venkata S. M. Renduchintala sold 13,996 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 1,536 shares in the company, valued at $54,481.92. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 81,608 shares of company stock worth $3,095,110. 0.08% of the stock is owned by company insiders.

Shares of Intel Corporation (NASDAQ INTC) opened at 40.25 on Thursday. Intel Corporation has a 52-week low of $33.23 and a 52-week high of $40.29. The firm has a market capitalization of $189.13 billion, a P/E ratio of 15.36 and a beta of 1.07. The company’s 50-day moving average is $37.61 and its 200 day moving average is $36.03.

Intel Corporation (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, July 27th. The chip maker reported $0.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.04. The company had revenue of $14.76 billion for 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%. Intel Corporation’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.59 earnings per share. Analysts expect that Intel Corporation will post $3.01 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Tuesday, November 7th will be given a $0.2725 dividend. This represents a $1.09 annualized dividend and a dividend yield of 2.71%. The ex-dividend date of this dividend is Monday, November 6th. Intel Corporation’s dividend payout ratio (DPR) is 41.76%.

TRADEMARK VIOLATION NOTICE: “Intel Corporation (INTC) Holdings Raised by Stewart & Patten Co. LLC” was reported by Daily Political and is owned by of Daily Political. If you are reading this piece of content on another website, it was illegally copied and republished in violation of United States and international trademark & copyright laws. The original version of this piece of content can be accessed at https://www.dailypolitical.com/2017/10/19/intel-corporation-intc-holdings-raised-by-stewart-patten-co-llc.html.

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).

Want to see what other hedge funds are holding INTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intel Corporation (NASDAQ:INTC).

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

Receive News & Ratings for Intel Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel Corporation and related companies with MarketBeat.com's FREE daily email newsletter.