Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Intel Co. (NASDAQ:INTC) by 9.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,714,536 shares of the chip maker’s stock after purchasing an additional 1,308,534 shares during the period. Intel comprises 0.9% of Sumitomo Mitsui Trust Holdings Inc.’s holdings, making the stock its 15th largest position. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.34% of Intel worth $781,170,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Baird Financial Group Inc. grew its holdings in shares of Intel by 5.9% in the 1st quarter. Baird Financial Group Inc. now owns 1,922,881 shares of the chip maker’s stock valued at $100,143,000 after acquiring an additional 106,635 shares in the last quarter. Baxter Bros Inc. lifted its stake in Intel by 11.5% in the 2nd quarter. Baxter Bros Inc. now owns 220,571 shares of the chip maker’s stock valued at $10,965,000 after purchasing an additional 22,783 shares during the last quarter. Silvercrest Asset Management Group LLC lifted its stake in Intel by 1.0% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 1,297,968 shares of the chip maker’s stock valued at $67,598,000 after purchasing an additional 12,285 shares during the last quarter. Altium Wealth Management LLC lifted its stake in Intel by 32.2% in the 1st quarter. Altium Wealth Management LLC now owns 21,523 shares of the chip maker’s stock valued at $1,121,000 after purchasing an additional 5,243 shares during the last quarter. Finally, Mutual of Omaha Bank Wealth Management lifted its stake in Intel by 4.2% in the 2nd quarter. Mutual of Omaha Bank Wealth Management now owns 29,713 shares of the chip maker’s stock valued at $1,477,000 after purchasing an additional 1,205 shares during the last quarter. Institutional investors own 65.44% of the company’s stock.

NASDAQ INTC opened at $44.97 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.15. Intel Co. has a 1-year low of $39.83 and a 1-year high of $57.60. The company has a market capitalization of $214.69 billion, a PE ratio of 11.47, a price-to-earnings-growth ratio of 1.31 and a beta of 0.97.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, July 26th. The chip maker reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.05. Intel had a net margin of 20.07% and a return on equity of 27.33%. The company had revenue of $16.96 billion during the quarter, compared to the consensus estimate of $16.78 billion. During the same period in the previous year, the business earned $0.72 earnings per share. The firm’s quarterly revenue was up 14.9% on a year-over-year basis. On average, sell-side analysts anticipate that Intel Co. will post 4.16 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Saturday, December 1st. Stockholders of record on Wednesday, November 7th will be given a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, November 6th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.67%. Intel’s payout ratio is 34.68%.

In other Intel news, CEO Robert Holmes Swan purchased 5,243 shares of the company’s stock in a transaction dated Monday, July 30th. The stock was bought at an average cost of $47.69 per share, for a total transaction of $250,038.67. Following the completion of the transaction, the chief executive officer now owns 71,672 shares in the company, valued at $3,418,037.68. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Steven Ralph Rodgers sold 2,213 shares of Intel stock in a transaction that occurred on Thursday, July 26th. The shares were sold at an average price of $52.43, for a total transaction of $116,027.59. Following the completion of the sale, the executive vice president now owns 23,268 shares of the company’s stock, valued at $1,219,941.24. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,077 shares of company stock valued at $205,757. 0.03% of the stock is owned by company insiders.

Several brokerages recently issued reports on INTC. Summit Insights downgraded shares of Intel from a “buy” rating to a “hold” rating in a research note on Friday, July 27th. Stifel Nicolaus reiterated a “neutral” rating and issued a $52.00 target price on shares of Intel in a research note on Thursday, August 9th. Macquarie reiterated a “buy” rating and issued a $60.00 target price on shares of Intel in a research note on Monday, September 24th. Barclays downgraded shares of Intel from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $62.00 to $53.00 in a research note on Monday, August 6th. Finally, Sanford C. Bernstein reiterated a “neutral” rating and issued a $54.00 target price on shares of Intel in a research note on Thursday, June 21st. Six investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twenty have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $55.08.

About Intel

Intel Corporation designs, manufactures, and sells computer, networking, data storage, and communication platforms worldwide. The company operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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