Northeast Investment Management lessened its stake in shares of Intel Corporation (NASDAQ:INTC) by 2.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,562 shares of the chip maker’s stock after selling 1,585 shares during the quarter. Northeast Investment Management’s holdings in Intel Corporation were worth $2,212,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the company. Blair William & Co. IL boosted its position in shares of Intel Corporation by 2.3% during the 2nd quarter. Blair William & Co. IL now owns 572,980 shares of the chip maker’s stock worth $19,332,000 after purchasing an additional 12,934 shares in the last quarter. Nikko Asset Management Americas Inc. boosted its position in shares of Intel Corporation by 9.8% during the 2nd quarter. Nikko Asset Management Americas Inc. now owns 244,700 shares of the chip maker’s stock worth $8,256,000 after purchasing an additional 21,800 shares in the last quarter. Penobscot Investment Management Company Inc. boosted its position in shares of Intel Corporation by 1.2% during the 2nd quarter. Penobscot Investment Management Company Inc. now owns 120,480 shares of the chip maker’s stock worth $4,065,000 after purchasing an additional 1,428 shares in the last quarter. First Personal Financial Services boosted its position in shares of Intel Corporation by 92.6% during the 2nd quarter. First Personal Financial Services now owns 80,523 shares of the chip maker’s stock worth $2,717,000 after purchasing an additional 38,717 shares in the last quarter. Finally, Beacon Investment Advisory Services Inc. boosted its position in shares of Intel Corporation by 23.7% during the 2nd quarter. Beacon Investment Advisory Services Inc. now owns 24,515 shares of the chip maker’s stock worth $827,000 after purchasing an additional 4,701 shares in the last quarter. 67.17% of the stock is currently owned by institutional investors.

A number of equities analysts have recently issued reports on INTC shares. Charter Equity reissued a “buy” rating on shares of Intel Corporation in a research report on Sunday, July 30th. Mizuho reissued a “buy” rating and set a $42.00 price objective on shares of Intel Corporation in a research report on Sunday, July 30th. Stifel Nicolaus reissued a “buy” rating and set a $41.00 price objective (up previously from $39.00) on shares of Intel Corporation in a research report on Sunday, July 30th. B. Riley reaffirmed a “buy” rating and issued a $46.00 price target on shares of Intel Corporation in a research report on Friday, July 28th. Finally, Loop Capital reaffirmed a “buy” rating and issued a $45.00 price target (up previously from $43.00) on shares of Intel Corporation in a research report on Friday, July 28th. Five equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $43.28.

In related news, Chairman Andy D. Bryant sold 89,087 shares of the business’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $44.80, for a total transaction of $3,991,097.60. Following the transaction, the chairman now owns 428,789 shares in the company, valued at $19,209,747.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $2,396,456.40. Following the transaction, the chief executive officer now owns 543,948 shares in the company, valued at approximately $21,072,545.52. The disclosure for this sale can be found here. Insiders have sold 659,036 shares of company stock worth $28,872,880 in the last quarter. 0.08% of the stock is owned by corporate insiders.

Intel Corporation (NASDAQ INTC) opened at $45.65 on Friday. Intel Corporation has a 52-week low of $33.23 and a 52-week high of $47.30. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.27 and a current ratio of 1.60. The stock has a market cap of $212,752.80, a PE ratio of 14.30, a P/E/G ratio of 1.66 and a beta of 1.09.

Intel Corporation (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share (EPS) for the quarter, beating 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 company had revenue of $16.15 billion for the quarter, compared to analysts’ expectations of $15.73 billion. During the same quarter in the previous year, the company earned $0.80 earnings per share. Intel Corporation’s quarterly revenue was up 2.4% on a year-over-year basis. research analysts forecast that Intel Corporation will post 3.25 EPS for the current fiscal year.

The business also recently declared 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. This represents a $1.09 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend is Monday, November 6th. Intel Corporation’s dividend payout ratio is currently 38.11%.

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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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