TIAA CREF Trust Co. FSB MO reduced its stake in Intel Corporation (NASDAQ:INTC) by 0.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 215,061 shares of the chip maker’s stock after selling 1,300 shares during the period. TIAA CREF Trust Co. FSB MO’s holdings in Intel Corporation were worth $7,758,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cordasco Financial Network raised its position in shares of Intel Corporation by 0.7% in the first quarter. Cordasco Financial Network now owns 5,699 shares of the chip maker’s stock valued at $206,000 after buying an additional 38 shares during the period. First Hawaiian Bank increased its stake in Intel Corporation by 0.9% in the first quarter. First Hawaiian Bank now owns 5,769 shares of the chip maker’s stock valued at $208,000 after buying an additional 50 shares in the last quarter. First Command Financial Services Inc. increased its stake in Intel Corporation by 0.4% in the first quarter. First Command Financial Services Inc. now owns 12,607 shares of the chip maker’s stock valued at $455,000 after buying an additional 51 shares in the last quarter. Hudock Capital Group LLC increased its stake in Intel Corporation by 0.4% in the first quarter. Hudock Capital Group LLC now owns 12,570 shares of the chip maker’s stock valued at $453,000 after buying an additional 53 shares in the last quarter. Finally, Lederer & Associates Investment Counsel CA increased its stake in Intel Corporation by 0.9% in the first quarter. Lederer & Associates Investment Counsel CA now owns 9,345 shares of the chip maker’s stock valued at $337,000 after buying an additional 80 shares in the last quarter. Institutional investors own 67.31% of the company’s stock.

Shares of Intel Corporation (NASDAQ INTC) traded down 0.45% during mid-day trading on Friday, hitting $35.01. 16,231,408 shares of the stock traded hands. Intel Corporation has a 12-month low of $33.23 and a 12-month high of $38.45. The stock has a market cap of $164.51 billion, a P/E ratio of 13.36 and a beta of 1.01. The firm’s 50 day moving average price is $35.09 and its 200-day moving average price is $35.65.

Intel Corporation (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, July 27th. The chip maker reported $0.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.04. The firm had revenue of $14.76 billion during the quarter, compared to analysts’ expectations of $14.39 billion. Intel Corporation had a return on equity of 21.86% and a net margin of 20.60%. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.59 EPS. Analysts predict that Intel Corporation will post $3.01 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, August 7th will be issued a dividend of $0.2725 per share. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $1.09 annualized dividend and a yield of 3.11%. Intel Corporation’s dividend payout ratio is currently 41.76%.

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INTC has been the subject of several research analyst reports. Vetr downgraded shares of Intel Corporation from a “hold” rating to a “sell” rating and set a $35.07 price target for the company. in a research note on Thursday, April 20th. Sanford C. Bernstein reissued a “sell” rating on shares of Intel Corporation in a research note on Tuesday, April 25th. B. Riley reissued a “buy” rating and issued a $44.00 price objective on shares of Intel Corporation in a research note on Friday, April 28th. Jefferies Group LLC downgraded shares of Intel Corporation to a “hold” rating and boosted their price objective for the stock from $36.00 to $38.00 in a research note on Friday, April 28th. Finally, Cowen and Company reissued a “market perform” rating and issued a $39.00 price objective on shares of Intel Corporation in a research note on Friday, April 28th. Five investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-seven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $40.55.

In other Intel Corporation news, CEO Brian M. Krzanich sold 72,173 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $33.69, for a total transaction of $2,431,508.37. Following the completion of the transaction, the chief executive officer now owns 534,746 shares of the company’s stock, valued at approximately $18,015,592.74. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Venkata S. M. Renduchintala sold 1,424 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $36.40, for a total value of $51,833.60. Following the transaction, the insider now directly owns 1,536 shares of the company’s stock, valued at approximately $55,910.40. The disclosure for this sale can be found here. Insiders have sold a total of 91,921 shares of company stock valued at $3,130,162 over the last 90 days. Corporate insiders own 0.09% of the company’s stock.

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).

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

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