Benin Management CORP decreased its stake in Intel Corporation (NASDAQ:INTC) by 0.7% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,971 shares of the chip maker’s stock after selling 196 shares during the period. Benin Management CORP’s holdings in Intel Corporation were worth $937,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Intel Corporation during the fourth quarter valued at about $1,684,790,000. Russell Investments Group Ltd. bought a new stake in shares of Intel Corporation during the fourth quarter worth $330,056,000. Asset Management One Co. Ltd. boosted its stake in shares of Intel Corporation by 705.1% in the fourth quarter. Asset Management One Co. Ltd. now owns 8,295,798 shares of the chip maker’s stock worth $301,186,000 after buying an additional 7,265,442 shares in the last quarter. DnB Asset Management AS boosted its stake in shares of Intel Corporation by 654.3% in the first quarter. DnB Asset Management AS now owns 5,433,478 shares of the chip maker’s stock worth $195,986,000 after buying an additional 4,713,168 shares in the last quarter. Finally, Elkfork Partners LLC bought a new stake in shares of Intel Corporation during the fourth quarter worth $81,579,000. Hedge funds and other institutional investors own 68.30% of the company’s stock.

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

Intel Corporation (INTC) opened at 35.21 on Friday. The company has a 50 day moving average price of $36.03 and a 200-day moving average price of $36.11. The firm has a market cap of $165.80 billion, a price-to-earnings ratio of 15.24 and a beta of 0.98. Intel Corporation has a 52-week low of $30.44 and a 52-week high of $38.45. Intel Corporation also was the target of some unusual options trading on Thursday. Stock traders bought 5,251 put options on the company. This represents an increase of approximately 193% compared to the average daily volume of 1,795 put options.

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

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 1st. Investors of record on Sunday, May 7th were issued a $0.2725 dividend. This represents a $1.09 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date of this dividend was Wednesday, May 3rd. This is an increase from Intel Corporation’s previous quarterly dividend of $0.26. Intel Corporation’s dividend payout ratio is currently 47.39%.

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INTC has been the subject of several recent research reports. BidaskClub lowered shares of Intel Corporation from a “buy” rating to a “hold” rating in a research note on Friday. Raymond James Financial, Inc. reissued an “underperform” rating on shares of Intel Corporation in a research note on Friday. Vetr raised shares of Intel Corporation from a “buy” rating to a “strong-buy” rating and set a $40.45 price objective for the company in a research note on Monday, June 12th. Zacks Investment Research upgraded shares of Intel Corporation from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research note on Wednesday, June 7th. Finally, Jefferies Group LLC set a $38.00 price target on shares of Intel Corporation and gave the stock a “hold” rating in a research note on Saturday, June 3rd. Four investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the stock. Intel Corporation has a consensus rating of “Buy” and a consensus price target of $40.42.

In other Intel Corporation news, insider Diane M. Bryant sold 2,119 shares of the business’s stock in a transaction dated Wednesday, April 26th. The stock was sold at an average price of $36.96, for a total value of $78,318.24. Following the completion of the transaction, the insider now directly owns 107,285 shares of the company’s stock, valued at $3,965,253.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Stacy J. Smith sold 29,497 shares of the business’s stock in a transaction dated Friday, April 21st. The shares were sold at an average price of $36.28, for a total value of $1,070,151.16. Following the completion of the transaction, the insider now directly owns 318,654 shares of the company’s stock, valued at $11,560,767.12. The disclosure for this sale can be found here. Insiders sold 47,821 shares of company stock valued at $1,734,851 in the last quarter. 0.09% of the stock is currently 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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