Hartland & Co. LLC lifted its holdings in Intel Corporation (NASDAQ:INTC) by 5.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 111,115 shares of the chip maker’s stock after purchasing an additional 6,172 shares during the period. Hartland & Co. LLC’s holdings in Intel Corporation were worth $3,749,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in INTC. Glenview Capital Management LLC bought a new position in shares of Intel Corporation during the 1st quarter worth approximately $177,881,000. DnB Asset Management AS increased its stake in Intel Corporation by 72.2% during the 2nd quarter. DnB Asset Management AS now owns 9,355,948 shares of the chip maker’s stock valued at $315,670,000 after purchasing an additional 3,922,470 shares in the last quarter. Gotham Asset Management LLC increased its stake in Intel Corporation by 112.1% during the 1st quarter. Gotham Asset Management LLC now owns 1,741,166 shares of the chip maker’s stock valued at $62,804,000 after purchasing an additional 920,285 shares in the last quarter. Hamlin Capital Management LLC increased its stake in Intel Corporation by 64.3% during the 2nd quarter. Hamlin Capital Management LLC now owns 2,257,617 shares of the chip maker’s stock valued at $76,172,000 after purchasing an additional 883,525 shares in the last quarter. Finally, Pictet Asset Management Ltd. increased its stake in Intel Corporation by 11.9% during the 1st quarter. Pictet Asset Management Ltd. now owns 8,323,744 shares of the chip maker’s stock valued at $300,238,000 after purchasing an additional 882,905 shares in the last quarter. 67.17% of the stock is owned by hedge funds and other institutional investors.

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In related news, CEO Brian M. Krzanich sold 61,860 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $38.74, for a total value of $2,396,456.40. Following the sale, the chief executive officer now directly owns 543,948 shares in the company, valued at approximately $21,072,545.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Stacy J. Smith sold 472,337 shares of the business’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $44.23, for a total transaction of $20,891,465.51. Following the completion of the sale, the insider now owns 265,298 shares in the company, valued at $11,734,130.54. The disclosure for this sale can be found here. Insiders sold a total of 659,036 shares of company stock worth $28,872,880 over the last quarter. Insiders own 0.08% of the company’s stock.

Shares of Intel Corporation (NASDAQ INTC) opened at $45.75 on Tuesday. Intel Corporation has a 1 year low of $33.23 and a 1 year high of $47.30. The company has a quick ratio of 1.27, a current ratio of 1.60 and a debt-to-equity ratio of 0.39. The company has a market cap of $213,314.41, a PE ratio of 14.33, a P/E/G ratio of 1.67 and a beta of 1.09.

Intel Corporation (NASDAQ:INTC) last released its quarterly earnings data on Thursday, October 26th. The chip maker reported $1.01 EPS for the quarter, topping the consensus estimate of $0.80 by $0.21. Intel Corporation had a net margin of 22.31% and a return on equity of 22.65%. The business had revenue of $16.15 billion for the quarter, compared to analyst estimates of $15.73 billion. During the same period in the previous year, the firm earned $0.80 EPS. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. analysts anticipate that Intel Corporation will post 3.25 earnings per share for the current fiscal year.

The firm 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. The ex-dividend date of this dividend is Monday, November 6th. This represents a $1.09 annualized dividend and a dividend yield of 2.38%. Intel Corporation’s dividend payout ratio is presently 38.11%.

INTC has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of Intel Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. Credit Suisse Group restated an “outperform” rating on shares of Intel Corporation in a research note on Thursday, August 31st. Stifel Nicolaus upped their price target on shares of Intel Corporation from $41.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, October 20th. BidaskClub lowered shares of Intel Corporation from a “hold” rating to a “sell” rating in a research note on Friday, August 25th. Finally, Vetr upgraded shares of Intel Corporation from a “buy” rating to a “strong-buy” rating and set a $44.36 price target on the stock in a research note on Wednesday, October 11th. Five investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Intel Corporation has an average rating of “Buy” and a consensus target price of $43.28.

Intel Corporation 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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