Front Barnett Associates LLC reduced its stake in shares of Intel Corporation (NASDAQ:INTC) by 1.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,803 shares of the chip maker’s stock after selling 311 shares during the quarter. Front Barnett Associates LLC’s holdings in Intel were worth $803,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Watermark Asset Management Inc. acquired a new stake in Intel in the first quarter valued at about $113,000. Winfield Associates Inc. boosted its stake in Intel by 6.0% in the second quarter. Winfield Associates Inc. now owns 4,651 shares of the chip maker’s stock valued at $156,000 after buying an additional 265 shares in the last quarter. Vigilant Capital Management LLC boosted its stake in Intel by 22.6% in the first quarter. Vigilant Capital Management LLC now owns 4,373 shares of the chip maker’s stock valued at $158,000 after buying an additional 805 shares in the last quarter. Burt Wealth Advisors boosted its stake in Intel by 236.1% in the second quarter. Burt Wealth Advisors now owns 4,941 shares of the chip maker’s stock valued at $166,000 after buying an additional 3,471 shares in the last quarter. Finally, Farmers National Bank boosted its stake in Intel by 5.1% in the first quarter. Farmers National Bank now owns 4,842 shares of the chip maker’s stock valued at $183,000 after buying an additional 234 shares in the last quarter. 67.69% of the stock is currently owned by institutional investors.

Shares of Intel Corporation (NASDAQ INTC) opened at $43.44 on Wednesday. The company has a quick ratio of 1.27, a current ratio of 1.60 and a debt-to-equity ratio of 0.39. Intel Corporation has a one year low of $33.23 and a one year high of $47.30. The company has a market capitalization of $208,213.20, a P/E ratio of 13.99, a price-to-earnings-growth ratio of 1.63 and a beta of 1.06.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Tuesday, November 7th were paid a $0.2725 dividend. The ex-dividend date of this dividend was Monday, November 6th. This represents a $1.09 dividend on an annualized basis and a yield of 2.51%. Intel’s dividend payout ratio (DPR) is presently 38.11%.

In other Intel news, insider Venkata S. M. Renduchintala sold 1,424 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $46.73, for a total value of $66,543.52. Following the completion of the sale, the insider now owns 1,536 shares of the company’s stock, valued at $71,777.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Diane M. Bryant sold 570 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $44.49, for a total value of $25,359.30. Following the completion of the sale, the executive vice president now directly owns 110,850 shares of the company’s stock, valued at approximately $4,931,716.50. The disclosure for this sale can be found here. Insiders sold 1,548,914 shares of company stock valued at $68,196,589 in the last three months. Insiders own 0.08% of the company’s stock.

INTC has been the topic of several research analyst reports. Argus reaffirmed a “buy” rating and issued a $45.00 price objective on shares of Intel in a research note on Wednesday, August 23rd. Vetr lowered Intel from a “strong-buy” rating to a “buy” rating and set a $40.26 price objective on the stock. in a research note on Tuesday, August 8th. Loop Capital reaffirmed a “buy” rating and issued a $45.00 price objective on shares of Intel in a research note on Tuesday, August 22nd. Zacks Investment Research raised Intel from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research note on Thursday, August 17th. Finally, BidaskClub raised Intel from a “hold” rating to a “buy” rating in a research note on Thursday, August 10th. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the stock. Intel presently has an average rating of “Buy” and an average price target of $43.68.

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Intel 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 (NASDAQ:INTC)

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