Mason Street Advisors LLC purchased a new stake in shares of Intel Corp. (NASDAQ:INTC) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 636,025 shares of the chip maker’s stock, valued at approximately $20,862,000. Intel Corp. comprises approximately 0.6% of Mason Street Advisors LLC’s investment portfolio, making the stock its 25th largest position.

A number of other institutional investors also recently made changes to their positions in the stock. Day & Ennis LLC increased its position in shares of Intel Corp. by 0.4% in the second quarter. Day & Ennis LLC now owns 7,459 shares of the chip maker’s stock valued at $245,000 after buying an additional 27 shares during the period. D. Scott Neal Inc. increased its stake in shares of Intel Corp. by 0.7% in the second quarter. D. Scott Neal Inc. now owns 4,969 shares of the chip maker’s stock valued at $163,000 after buying an additional 35 shares during the last quarter. Jackson Grant Investment Advisers Inc. increased its stake in shares of Intel Corp. by 0.8% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 4,496 shares of the chip maker’s stock valued at $147,000 after buying an additional 37 shares during the last quarter. Beaumont Financial Partners LLC increased its stake in shares of Intel Corp. by 0.6% in the second quarter. Beaumont Financial Partners LLC now owns 8,070 shares of the chip maker’s stock valued at $265,000 after buying an additional 48 shares during the last quarter. Finally, Peoples Bank National Association increased its stake in shares of Intel Corp. by 0.5% in the second quarter. Peoples Bank National Association now owns 10,232 shares of the chip maker’s stock valued at $335,000 after buying an additional 50 shares during the last quarter. Institutional investors own 64.48% of the company’s stock.

Institutional Ownership by Quarter for Intel Corp. (NASDAQ:INTC)

Shares of Intel Corp. (NASDAQ:INTC) traded down 0.20% during mid-day trading on Friday, reaching $34.95. The company had a trading volume of 16,806,853 shares. The company has a 50 day moving average price of $35.80 and a 200 day moving average price of $34.23. The company has a market capitalization of $165.63 billion, a price-to-earnings ratio of 16.40 and a beta of 1.07. Intel Corp. has a one year low of $27.68 and a one year high of $38.36.

Intel Corp. (NASDAQ:INTC) last posted its quarterly earnings results on Tuesday, October 18th. The chip maker reported $0.80 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.07. Intel Corp. had a net margin of 17.90% and a return on equity of 21.05%. The firm earned $15.78 billion during the quarter, compared to the consensus estimate of $15.58 billion. During the same quarter in the previous year, the firm posted $0.64 earnings per share. The company’s revenue was up 9.1% on a year-over-year basis. On average, analysts anticipate that Intel Corp. will post $2.67 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Monday, November 7th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.98%. The ex-dividend date of this dividend is Thursday, November 3rd. Intel Corp.’s dividend payout ratio is presently 49.06%.

Several equities research analysts have recently issued reports on INTC shares. Jefferies Group restated a “buy” rating on shares of Intel Corp. in a research note on Wednesday, August 3rd. Nomura set a $38.00 price objective on shares of Intel Corp. and gave the stock a “buy” rating in a research note on Tuesday, August 2nd. B. Riley restated a “buy” rating and issued a $42.00 price objective on shares of Intel Corp. in a research note on Tuesday, July 26th. Argus restated a “buy” rating and issued a $41.00 price objective on shares of Intel Corp. in a research note on Monday, July 25th. Finally, Knight Equity restated a “buy” rating on shares of Intel Corp. in a research note on Sunday, July 24th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating, thirty-two have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $39.87.

In related news, EVP Venkata S. M. Renduchintala sold 13,997 shares of the business’s stock in a transaction that occurred on Monday, October 31st. The shares were sold at an average price of $34.92, for a total value of $488,775.24. Following the completion of the transaction, the executive vice president now owns 817 shares of the company’s stock, valued at $28,529.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Andy D. Bryant sold 24,383 shares of the business’s stock in a transaction that occurred on Thursday, October 20th. The stock was sold at an average price of $35.35, for a total transaction of $861,939.05. Following the completion of the transaction, the chairman now directly owns 399,940 shares of the company’s stock, valued at approximately $14,137,879. The disclosure for this sale can be found here. Insiders own 0.09% of the company’s stock.

About Intel Corp.

Intel Corporation is engaged in the design and manufacture of digital technology platforms. The Company’s segments include Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Software and Services (SSG) and All Other. CCG segment includes platforms designed for notebooks (including Ultrabook devices), 2 in 1 systems, desktops (including all-in-ones and personal computers (PCs)), tablets, phones, wireless and wired connectivity products, and mobile communication components.

5 Day Chart for NASDAQ:INTC

Receive News & Stock Ratings for Intel Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel Corp. and related stocks with our FREE daily email newsletter.