Menora Mivtachim Holdings LTD. lessened its stake in Intel Co. (NASDAQ:INTC) by 21.4% in the second quarter, HoldingsChannel reports. The institutional investor owned 1,251,040 shares of the chip maker’s stock after selling 340,000 shares during the quarter. Intel comprises 1.8% of Menora Mivtachim Holdings LTD.’s holdings, making the stock its 12th biggest position. Menora Mivtachim Holdings LTD.’s holdings in Intel were worth $62,189,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Baird Financial Group Inc. boosted its position in shares of Intel by 5.9% during 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 purchasing an additional 106,635 shares in the last quarter. Baxter Bros Inc. boosted its position in shares of Intel by 11.5% during 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 in the last quarter. Silvercrest Asset Management Group LLC boosted its position in shares of Intel by 1.0% during 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 in the last quarter. Altium Wealth Management LLC boosted its position in shares of Intel by 32.2% during 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 in the last quarter. Finally, Mutual of Omaha Bank Wealth Management boosted its position in shares of Intel by 4.2% during 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 in the last quarter. Hedge funds and other institutional investors own 65.44% of the company’s stock.

In other news, EVP Steven Ralph Rodgers sold 1,251 shares of Intel stock in a transaction that occurred on Thursday, August 2nd. The shares were sold at an average price of $48.37, for a total value of $60,510.87. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Navin Shenoy sold 601 shares of Intel stock in a transaction that occurred on Monday, July 30th. The shares were sold at an average price of $47.69, for a total transaction of $28,661.69. Following the completion of the transaction, the executive vice president now directly owns 40,903 shares in the company, valued at approximately $1,950,664.07. The disclosure for this sale can be found here. In the last three months, insiders sold 4,077 shares of company stock worth $205,757. Insiders own 0.03% of the company’s stock.

INTC has been the subject of several research reports. Robert W. Baird set a $64.00 price objective on shares of Intel and gave the company a “buy” rating in a research report on Thursday, July 12th. Zacks Investment Research upgraded shares of Intel from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a research report on Wednesday, June 27th. Needham & Company LLC reduced their price objective on shares of Intel from $62.00 to $60.00 and set a “buy” rating for the company in a research report on Friday, June 22nd. B. Riley reduced their price objective on shares of Intel from $65.00 to $63.00 and set a “buy” rating for the company in a research report on Friday, July 27th. Finally, Credit Suisse Group reduced their price objective on shares of Intel from $65.00 to $58.00 and set a “buy” rating for the company in a research report on Friday, July 27th. Six equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twenty have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $55.08.

Shares of INTC opened at $44.00 on Friday. The company has a market cap of $214.69 billion, a P/E ratio of 12.72, a price-to-earnings-growth ratio of 1.31 and a beta of 0.97. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.15 and a current ratio of 1.57. Intel Co. has a twelve month low of $40.10 and a twelve month high of $57.60.

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

The company 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. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date is Tuesday, November 6th. Intel’s dividend payout ratio is 34.68%.

Intel Company Profile

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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