First Command Financial Services Inc. raised its position in Intel Corporation (NASDAQ:INTC) by 0.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,607 shares of the chip maker’s stock after buying an additional 51 shares during the period. First Command Financial Services Inc.’s holdings in Intel Corporation were worth $455,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in INTC. Rikoon Group LLC bought a new stake in Intel Corporation during the third quarter valued at $613,000. Robeco Institutional Asset Management B.V. boosted its stake in Intel Corporation by 4.6% in the third quarter. Robeco Institutional Asset Management B.V. now owns 3,385,237 shares of the chip maker’s stock valued at $127,794,000 after buying an additional 147,651 shares during the last quarter. Relative Value Partners Group LLC boosted its stake in Intel Corporation by 1.0% in the third quarter. Relative Value Partners Group LLC now owns 20,600 shares of the chip maker’s stock valued at $778,000 after buying an additional 200 shares during the last quarter. First Midwest Bank Trust Division boosted its stake in Intel Corporation by 0.6% in the third quarter. First Midwest Bank Trust Division now owns 162,597 shares of the chip maker’s stock valued at $6,138,000 after buying an additional 964 shares during the last quarter. Finally, Pictet North America Advisors SA boosted its stake in Intel Corporation by 1.4% in the third quarter. Pictet North America Advisors SA now owns 47,204 shares of the chip maker’s stock valued at $1,782,000 after buying an additional 630 shares during the last quarter. 68.30% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Intel Corporation (NASDAQ:INTC)

Intel Corporation (NASDAQ INTC) opened at 35.21 on Friday. Intel Corporation has a 12-month low of $30.44 and a 12-month high of $38.45. The firm’s 50-day moving average price is $36.03 and its 200-day moving average price is $36.11. The stock has a market cap of $165.80 billion, a price-to-earnings ratio of 15.24 and a beta of 0.98. Intel Corporation also was the recipient of unusually large options trading on Thursday. Stock traders purchased 5,251 put options on the stock. This represents an increase of approximately 193% compared to the typical volume of 1,795 put options.

Intel Corporation (NASDAQ:INTC) last released its earnings results on Thursday, April 27th. The chip maker reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.01. Intel Corporation had a return on equity of 21.48% and a net margin of 18.57%. The firm had revenue of $14.80 billion during the quarter, compared to analysts’ expectations of $14.80 billion. During the same quarter last year, the business posted $0.54 earnings per share. The firm’s revenue was up 8.0% on a year-over-year basis. On average, equities analysts predict that Intel Corporation will post $2.86 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 1st. Investors of record on Sunday, May 7th were given a dividend of $0.2725 per share. The ex-dividend date was Wednesday, May 3rd. This represents a $1.09 annualized dividend and a dividend yield of 3.10%. This is a boost from Intel Corporation’s previous quarterly dividend of $0.26. Intel Corporation’s dividend payout ratio (DPR) is currently 47.39%.

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Several research firms recently weighed in on INTC. Zacks Investment Research lowered shares of Intel Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, April 12th. Canaccord Genuity reissued a “hold” rating on shares of Intel Corporation in a research note on Saturday, June 3rd. Vetr lowered shares of Intel Corporation from a “buy” rating to a “hold” rating and set a $37.50 price target on the stock. in a research note on Monday, April 3rd. Robert W. Baird reaffirmed a “buy” rating and issued a $42.00 price target on shares of Intel Corporation in a research note on Tuesday, March 14th. Finally, B. Riley reaffirmed a “buy” rating and issued a $44.00 price target on shares of Intel Corporation in a research note on Thursday, March 23rd. Four investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $40.42.

In other news, insider Stacy J. Smith sold 29,497 shares of the firm’s stock in a transaction that occurred on Friday, April 21st. The stock was sold at an average price of $36.28, for a total value of $1,070,151.16. Following the completion of the sale, the insider now directly owns 318,654 shares of the company’s stock, valued at approximately $11,560,767.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Diane M. Bryant sold 2,119 shares of the firm’s stock in a transaction that occurred on Wednesday, April 26th. The shares were sold at an average price of $36.96, for a total value of $78,318.24. Following the completion of the sale, the insider now directly owns 107,285 shares of the company’s stock, valued at $3,965,253.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 47,821 shares of company stock valued at $1,734,851. 0.09% of the stock is owned by corporate insiders.

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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