Academy Capital Management Inc. TX continued to hold its position in Intel Corporation (NASDAQ:INTC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,009 shares of the chip maker’s stock at the end of the second quarter. Academy Capital Management Inc. TX’s holdings in Intel Corporation were worth $202,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jackson Grant Investment Advisers Inc. raised its position in Intel Corporation by 24.5% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 6,728 shares of the chip maker’s stock valued at $244,000 after buying an additional 1,323 shares in the last quarter. Perigon Wealth Management LLC raised its position in Intel Corporation by 0.8% in the fourth quarter. Perigon Wealth Management LLC now owns 63,476 shares of the chip maker’s stock valued at $2,279,000 after buying an additional 478 shares in the last quarter. USA Financial Portformulas Corp bought a new position in Intel Corporation during the fourth quarter valued at about $12,363,000. Whalerock Point Partners LLC raised its position in Intel Corporation by 0.5% in the fourth quarter. Whalerock Point Partners LLC now owns 21,522 shares of the chip maker’s stock valued at $780,000 after buying an additional 100 shares in the last quarter. Finally, Auxier Asset Management raised its position in Intel Corporation by 1.2% in the fourth quarter. Auxier Asset Management now owns 44,165 shares of the chip maker’s stock valued at $1,602,000 after buying an additional 514 shares in the last quarter. Hedge funds and other institutional investors own 67.31% of the company’s stock.

Shares of Intel Corporation (INTC) traded down 0.157% during trading on Monday, reaching $34.955. The company’s stock had a trading volume of 9,149,269 shares. Intel Corporation has a 52-week low of $33.23 and a 52-week high of $38.45. The stock has a market cap of $164.25 billion, a P/E ratio of 13.342 and a beta of 1.01. The stock has a 50-day moving average of $35.09 and a 200-day moving average of $35.65.

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

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

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Several analysts have recently commented on the company. Sanford C. Bernstein restated a “sell” rating on shares of Intel Corporation in a report on Tuesday, April 25th. B. Riley restated a “buy” rating and set a $44.00 target price on shares of Intel Corporation in a report on Friday, April 28th. Jefferies Group LLC cut Intel Corporation to a “hold” rating and increased their target price for the stock from $36.00 to $38.00 in a report on Friday, April 28th. Cowen and Company restated a “market perform” rating and set a $39.00 target price on shares of Intel Corporation in a report on Friday, April 28th. Finally, Mizuho restated a “buy” rating on shares of Intel Corporation in a report on Friday, April 28th. Five research analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-seven have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $40.55.

In related news, insider Venkata S. M. Renduchintala sold 1,424 shares of the stock in a transaction 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 sale, the insider now owns 1,536 shares in the company, valued at $55,910.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Venkata S. M. Renduchintala sold 13,996 shares of the stock in a transaction on Monday, July 31st. The stock was sold at an average price of $35.47, for a total value of $496,438.12. Following the completion of the sale, the insider now owns 1,536 shares in the company, valued at approximately $54,481.92. The disclosure for this sale can be found here. Insiders sold 91,921 shares of company stock valued at $3,130,162 over the last ninety days. Corporate insiders own 0.09% of the company’s stock.

About Intel Corporation

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

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