GAM Holding AG trimmed its position in shares of Intel Corporation (NASDAQ:INTC) by 3.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 1,424,620 shares of the chip maker’s stock after selling 57,589 shares during the quarter. Intel Corporation comprises about 0.7% of GAM Holding AG’s holdings, making the stock its 21st biggest holding. GAM Holding AG’s holdings in Intel Corporation were worth $48,067,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in INTC. Watermark Asset Management Inc. purchased a new stake in shares of Intel Corporation during the 1st quarter valued at about $113,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its holdings in shares of Intel Corporation by 53.0% during the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,040 shares of the chip maker’s stock valued at $146,000 after acquiring an additional 1,400 shares during the last quarter. Vigilant Capital Management LLC boosted its holdings in shares of Intel Corporation by 22.6% during the 1st quarter. Vigilant Capital Management LLC now owns 4,373 shares of the chip maker’s stock valued at $158,000 after acquiring an additional 805 shares during the last quarter. Orrstown Financial Services Inc. boosted its holdings in shares of Intel Corporation by 23.0% during the 2nd quarter. Orrstown Financial Services Inc. now owns 4,582 shares of the chip maker’s stock valued at $155,000 after acquiring an additional 857 shares during the last quarter. Finally, Winfield Associates Inc. boosted its holdings in shares of Intel Corporation by 6.0% during the 2nd quarter. Winfield Associates Inc. now owns 4,651 shares of the chip maker’s stock valued at $156,000 after acquiring an additional 265 shares during the last quarter. 66.90% of the stock is currently owned by institutional investors.

Intel Corporation (NASDAQ INTC) opened at $44.94 on Wednesday. Intel Corporation has a fifty-two week low of $33.23 and a fifty-two week high of $47.30. The company has a current ratio of 1.60, a quick ratio of 1.27 and a debt-to-equity ratio of 0.39. The stock has a market cap of $208,821.59, a PE ratio of 14.03, a PEG ratio of 1.63 and a beta of 1.09.

Intel Corporation (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, October 26th. The chip maker reported $1.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.21. Intel Corporation had a net margin of 22.31% and a return on equity of 22.65%. The firm had revenue of $16.15 billion for the quarter, compared to the consensus estimate of $15.73 billion. During the same quarter in the prior year, the company posted $0.80 earnings per share. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. sell-side analysts forecast that Intel Corporation will post 3.25 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Tuesday, November 7th will be issued a dividend of $0.2725 per share. The ex-dividend date of this dividend is Monday, November 6th. This represents a $1.09 annualized dividend and a dividend yield of 2.43%. Intel Corporation’s dividend payout ratio (DPR) is currently 38.11%.

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INTC has been the topic of a number of recent analyst reports. Charter Equity reaffirmed a “buy” rating on shares of Intel Corporation in a report on Sunday, July 30th. Mizuho reaffirmed a “buy” rating and set a $42.00 price target on shares of Intel Corporation in a report on Sunday, July 30th. Stifel Nicolaus reaffirmed a “buy” rating and set a $41.00 price target (up previously from $39.00) on shares of Intel Corporation in a report on Sunday, July 30th. B. Riley reaffirmed a “buy” rating and set a $46.00 price target on shares of Intel Corporation in a report on Friday, July 28th. Finally, Loop Capital reaffirmed a “buy” rating and set a $45.00 price target (up previously from $43.00) on shares of Intel Corporation in a report on Friday, July 28th. Five equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the stock. Intel Corporation currently has an average rating of “Buy” and an average price target of $43.40.

In related news, Chairman Andy D. Bryant sold 89,087 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $44.80, for a total value of $3,991,097.60. Following the sale, the chairman now owns 428,789 shares in the company, valued at $19,209,747.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Stacy J. Smith sold 472,337 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $44.23, for a total value of $20,891,465.51. Following the completion of the sale, the insider now owns 265,298 shares in the company, valued at approximately $11,734,130.54. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 659,036 shares of company stock worth $28,872,880. Corporate insiders own 0.08% 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).

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

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