Sciencast Management LP purchased a new stake in shares of Intel Corporation (NASDAQ:INTC) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 15,232 shares of the chip maker’s stock, valued at approximately $514,000.

A number of other large investors also recently added to or reduced their stakes in INTC. Lourd Capital LLC grew its position in Intel by 1.1% in the 1st quarter. Lourd Capital LLC now owns 9,094 shares of the chip maker’s stock valued at $328,000 after acquiring an additional 99 shares during the last quarter. Virtu Financial LLC bought a new position in Intel in the 1st quarter valued at $822,000. Alerus Financial NA grew its position in Intel by 3.5% in the 1st quarter. Alerus Financial NA now owns 66,462 shares of the chip maker’s stock valued at $2,397,000 after acquiring an additional 2,238 shares during the last quarter. Vigilant Capital Management LLC grew its position in Intel by 22.6% in 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. Finally, Wetherby Asset Management Inc. grew its position in Intel by 0.8% in the 1st quarter. Wetherby Asset Management Inc. now owns 91,792 shares of the chip maker’s stock valued at $3,311,000 after acquiring an additional 706 shares during the last quarter. Institutional investors own 67.69% of the company’s stock.

Shares of Intel Corporation (INTC) opened at $43.66 on Tuesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.27 and a current ratio of 1.60. The firm has a market capitalization of $202,878.00, a price-to-earnings ratio of 13.63, a P/E/G ratio of 1.58 and a beta of 1.06. Intel Corporation has a 12 month low of $33.23 and a 12 month high of $47.30.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, October 26th. The chip maker reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates 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 period in the prior year, the business posted $0.80 EPS. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. analysts anticipate that Intel Corporation will post 3.25 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Tuesday, November 7th were paid a $0.2725 dividend. This represents a $1.09 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend was Monday, November 6th. Intel’s dividend payout ratio (DPR) is presently 38.11%.

In other Intel news, Director David B. Yoffie sold 30,000 shares of the stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $44.93, for a total value of $1,347,900.00. Following the completion of the sale, the director now directly owns 50,005 shares in the company, valued at $2,246,724.65. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Venkata S. M. Renduchintala sold 1,424 shares of the stock in a transaction dated Tuesday, November 7th. The shares were 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 1,548,914 shares of company stock valued at $68,196,589. 0.08% of the stock is currently owned by company insiders.

INTC has been the topic of a number of recent research reports. Zacks Investment Research raised Intel from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research report on Wednesday, September 6th. ValuEngine downgraded Intel from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Vetr raised Intel from a “buy” rating to a “strong-buy” rating and set a $41.56 price target on the stock in a research report on Thursday, August 24th. Credit Suisse Group reissued an “outperform” rating on shares of Intel in a research report on Thursday, August 31st. Finally, Stifel Nicolaus increased their price target on Intel from $41.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, October 20th. Five research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the company. Intel has an average rating of “Buy” and a consensus target price of $43.86.

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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).

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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