Gateway Investment Advisers LLC raised its stake in Intel Corporation (NASDAQ:INTC) by 0.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,762,887 shares of the chip maker’s stock after acquiring an additional 9,531 shares during the period. Gateway Investment Advisers LLC owned approximately 0.06% of Intel Corporation worth $93,220,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Glenview Capital Management LLC purchased a new stake in shares of Intel Corporation during the first quarter valued at $177,881,000. DnB Asset Management AS boosted its position in shares of Intel Corporation by 654.3% during the first quarter. DnB Asset Management AS now owns 5,433,478 shares of the chip maker’s stock valued at $195,986,000 after buying an additional 4,713,168 shares during the last quarter. Gotham Asset Management LLC boosted its position in shares of Intel Corporation by 112.1% during the first quarter. Gotham Asset Management LLC now owns 1,741,166 shares of the chip maker’s stock valued at $62,804,000 after buying an additional 920,285 shares during the last quarter. Pictet Asset Management Ltd. boosted its position in shares of Intel Corporation by 11.9% during the first quarter. Pictet Asset Management Ltd. now owns 8,323,744 shares of the chip maker’s stock valued at $300,238,000 after buying an additional 882,905 shares during the last quarter. Finally, WINTON GROUP Ltd boosted its position in shares of Intel Corporation by 87.0% during the first quarter. WINTON GROUP Ltd now owns 1,856,380 shares of the chip maker’s stock valued at $70,078,000 after buying an additional 863,659 shares during the last quarter. 67.03% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts recently commented on the company. Zacks Investment Research raised Intel Corporation from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a research report on Friday, September 22nd. Vetr cut Intel Corporation from a “strong-buy” rating to a “buy” rating and set a $40.97 price objective on the stock. in a research report on Wednesday, August 2nd. B. Riley reaffirmed a “buy” rating and set a $46.00 price objective on shares of Intel Corporation in a research report on Wednesday, August 2nd. BidaskClub raised Intel Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “hold” rating on shares of Intel Corporation in a research report on Wednesday, August 9th. Five investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. Intel Corporation currently has an average rating of “Hold” and an average price target of $40.57.

In related news, insider Venkata S. M. Renduchintala sold 1,424 shares of Intel Corporation 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 completion of the transaction, the insider now directly owns 1,536 shares in the company, valued at $55,910.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Venkata S. M. Renduchintala sold 13,996 shares of Intel Corporation stock in a transaction on Monday, July 31st. The shares were sold at an average price of $35.47, for a total value of $496,438.12. Following the completion of the transaction, the insider now owns 1,536 shares of the company’s stock, valued at $54,481.92. The disclosure for this sale can be found here. Over the last quarter, insiders sold 91,921 shares of company stock valued at $3,130,162. 0.08% of the stock is currently owned by company insiders.

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Intel Corporation (INTC) traded up 0.333% on Thursday, hitting $37.665. The stock had a trading volume of 7,270,326 shares. Intel Corporation has a 52-week low of $33.23 and a 52-week high of $38.45. The firm’s 50-day moving average is $35.74 and its 200-day moving average is $35.53. The company has a market cap of $176.99 billion, a P/E ratio of 14.376 and a beta of 1.02.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Tuesday, November 7th will be issued a $0.2725 dividend. The ex-dividend date is Monday, November 6th. This represents a $1.09 dividend on an annualized basis and a yield of 2.90%. Intel Corporation’s dividend payout ratio (DPR) is presently 41.76%.

Intel Corporation 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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