Private Asset Management Inc. increased its stake in Intel Corp. (NASDAQ:INTC) by 0.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 448,140 shares of the chip maker’s stock after buying an additional 1,914 shares during the period. Intel Corp. accounts for 2.8% of Private Asset Management Inc.’s portfolio, making the stock its 7th largest position. Private Asset Management Inc.’s holdings in Intel Corp. were worth $16,917,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Global X Management Co. LLC raised its position in Intel Corp. by 52.0% in the second quarter. Global X Management Co. LLC now owns 3,037 shares of the chip maker’s stock valued at $100,000 after buying an additional 1,039 shares during the last quarter. Penserra Capital Management LLC raised its position in Intel Corp. by 36.3% in the second quarter. Penserra Capital Management LLC now owns 3,178 shares of the chip maker’s stock valued at $104,000 after buying an additional 847 shares during the last quarter. Proficio Capital Partners LLC raised its position in Intel Corp. by 143.0% in the second quarter. Proficio Capital Partners LLC now owns 3,395 shares of the chip maker’s stock valued at $118,000 after buying an additional 1,998 shares during the last quarter. Nelson Roberts Investment Advisors LLC raised its position in Intel Corp. by 55.3% in the second quarter. Nelson Roberts Investment Advisors LLC now owns 3,443 shares of the chip maker’s stock valued at $113,000 after buying an additional 1,226 shares during the last quarter. Finally, Financial Management Professionals Inc. raised its position in Intel Corp. by 18.7% in the second quarter. Financial Management Professionals Inc. now owns 3,960 shares of the chip maker’s stock valued at $129,000 after buying an additional 625 shares during the last quarter. 64.58% of the stock is owned by institutional investors.

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

Shares of Intel Corp. (NASDAQ:INTC) traded up 0.68% on Friday, hitting $35.44. The company had a trading volume of 6,372,836 shares. Intel Corp. has a 12-month low of $27.68 and a 12-month high of $38.36. The firm has a 50 day moving average of $35.46 and a 200-day moving average of $34.41. The firm has a market capitalization of $167.95 billion, a P/E ratio of 16.63 and a beta of 1.07.

Intel Corp. (NASDAQ:INTC) last issued its quarterly earnings results on Tuesday, October 18th. The chip maker reported $0.80 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.07. The business had revenue of $15.78 billion for the quarter, compared to the consensus estimate of $15.58 billion. Intel Corp. had a return on equity of 21.05% and a net margin of 17.90%. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.64 earnings per share. On average, equities analysts predict 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. Investors of record on Monday, November 7th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date is Thursday, November 3rd. Intel Corp.’s dividend payout ratio is currently 49.06%.

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Several research analysts have recently commented on INTC shares. Jefferies Group reissued 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 company a “buy” rating in a research note on Tuesday, August 2nd. B. Riley reissued a “buy” rating and issued a $42.00 price objective on shares of Intel Corp. in a research note on Wednesday, August 17th. Deutsche Bank AG reissued a “buy” rating and issued a $40.00 price objective on shares of Intel Corp. in a research note on Friday, August 19th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $40.00 price objective on shares of Intel Corp. in a research note on Tuesday, August 23rd. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the stock. Intel Corp. has a consensus rating of “Buy” and an average price target of $39.71.

In other Intel Corp. news, Chairman Andy D. Bryant sold 24,383 shares of the firm’s stock in a transaction on Thursday, October 20th. The stock was sold at an average price of $35.35, for a total value of $861,939.05. Following the sale, the chairman now owns 399,940 shares of the company’s stock, valued at approximately $14,137,879. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Venkata S. M. Renduchintala sold 13,997 shares of the firm’s stock in a transaction 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 sale, the executive vice president now directly owns 817 shares in the company, valued at approximately $28,529.64. The disclosure for this sale can be found here. Corporate 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

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