Armstrong Henry H Associates Inc. grew its position in shares of Intel Corporation (NASDAQ:INTC) by 4.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 502,814 shares of the chip maker’s stock after purchasing an additional 23,015 shares during the quarter. Intel Corporation accounts for 3.2% of Armstrong Henry H Associates Inc.’s portfolio, making the stock its 7th largest position. Armstrong Henry H Associates Inc. owned about 0.12% of Intel Corporation worth $16,695,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the company. Watermark Asset Management Inc. acquired a new position in shares of Intel Corporation in the 1st quarter worth $113,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position in shares of Intel Corporation by 53.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,040 shares of the chip maker’s stock worth $146,000 after buying an additional 1,400 shares during the period. Orrstown Financial Services Inc. boosted its position in shares of Intel Corporation by 23.0% in the second quarter. Orrstown Financial Services Inc. now owns 4,582 shares of the chip maker’s stock worth $155,000 after buying an additional 857 shares during the period. Vigilant Capital Management LLC boosted its position in shares of Intel Corporation by 22.6% in the first quarter. Vigilant Capital Management LLC now owns 4,373 shares of the chip maker’s stock worth $158,000 after buying an additional 805 shares during the period. Finally, Farmers National Bank boosted its position in shares of Intel Corporation by 5.1% in the first quarter. Farmers National Bank now owns 4,842 shares of the chip maker’s stock worth $183,000 after buying an additional 234 shares during the period. Institutional investors own 67.03% of the company’s stock.

Several analysts have recently commented on the company. ValuEngine raised Intel Corporation from a “hold” rating to a “buy” rating in a research report on Monday. Vetr cut Intel Corporation from a “strong-buy” rating to a “buy” rating and set a $42.80 target price for the company. in a research report on Tuesday. Zacks Investment Research raised Intel Corporation from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a research report on Friday, September 22nd. B. Riley reaffirmed a “buy” rating and issued a $46.00 target price on shares of Intel Corporation in a research report on Wednesday, August 2nd. Finally, BidaskClub raised Intel Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. Five research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $40.51.

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Intel Corporation (NASDAQ:INTC) opened at 39.53 on Friday. The stock’s 50 day moving average is $36.36 and its 200-day moving average is $35.75. The firm has a market capitalization of $185.75 billion, a P/E ratio of 15.09 and a beta of 1.07. Intel Corporation has a 1-year low of $33.23 and a 1-year high of $39.70.

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

The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Tuesday, November 7th will be issued a dividend of $0.2725 per share. This represents a $1.09 annualized dividend and a yield of 2.76%. The ex-dividend date of this dividend is Monday, November 6th. Intel Corporation’s dividend payout ratio (DPR) is presently 41.76%.

In related news, EVP Diane M. Bryant sold 2,119 shares of the business’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $34.68, for a total transaction of $73,486.92. Following the transaction, the executive vice president now directly owns 108,471 shares in the company, valued at $3,761,774.28. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Brian M. Krzanich sold 61,860 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $38.74, for a total transaction of $2,396,456.40. Following the transaction, the chief executive officer now owns 543,948 shares in the company, valued at $21,072,545.52. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 81,608 shares of company stock worth $3,095,110. 0.08% of the stock is owned by corporate insiders.

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).

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

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