Oak Associates Ltd. OH grew its stake in shares of Intel Corporation (NASDAQ:INTC) by 6.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 575,339 shares of the chip maker’s stock after buying an additional 34,002 shares during the quarter. Intel makes up 1.5% of Oak Associates Ltd. OH’s holdings, making the stock its 19th biggest holding. Oak Associates Ltd. OH owned approximately 0.14% of Intel worth $19,412,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Lourd Capital LLC lifted its holdings in shares of Intel by 1.1% during the first quarter. Lourd Capital LLC now owns 9,094 shares of the chip maker’s stock worth $328,000 after purchasing an additional 99 shares during the period. Virtu Financial LLC acquired a new position in shares of Intel during the first quarter worth $822,000. Alerus Financial NA lifted its holdings in shares of Intel by 3.5% during the first quarter. Alerus Financial NA now owns 66,462 shares of the chip maker’s stock worth $2,397,000 after purchasing an additional 2,238 shares during the period. Vigilant Capital Management LLC lifted its holdings in shares of Intel by 22.6% during the first quarter. Vigilant Capital Management LLC now owns 4,373 shares of the chip maker’s stock worth $158,000 after purchasing an additional 805 shares during the period. Finally, Wetherby Asset Management Inc. lifted its holdings in Intel by 0.8% in the first quarter. Wetherby Asset Management Inc. now owns 91,792 shares of the chip maker’s stock valued at $3,311,000 after buying an additional 706 shares during the period. 67.69% of the stock is currently owned by hedge funds and other institutional investors.

Intel Corporation (INTC) opened at $43.34 on Thursday. Intel Corporation has a fifty-two week low of $33.23 and a fifty-two week high of $47.30. The firm has a market cap of $202,784.41, a PE ratio of 13.63, a PEG ratio of 1.58 and a beta of 1.06. The company has a current ratio of 1.60, a quick ratio of 1.27 and a debt-to-equity ratio of 0.39.

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

Several equities analysts recently issued reports on INTC shares. Zacks Investment Research lowered shares of Intel from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. Canaccord Genuity boosted their target price on shares of Intel from $41.00 to $45.00 and gave the company a “hold” rating in a report on Friday, November 17th. ValuEngine lowered shares of Intel from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Robert W. Baird restated an “outperform” rating and issued a $45.00 target price on shares of Intel in a report on Tuesday, September 5th. Finally, BMO Capital Markets boosted their target price on shares of Intel from $34.00 to $37.00 and gave the company a “market perform” rating in a report on Friday, October 27th. Five investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the stock. Intel presently has a consensus rating of “Buy” and an average price target of $43.97.

In other news, CEO Brian M. Krzanich sold 889,878 shares of the business’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $44.19, for a total transaction of $39,323,708.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 sale, the chief executive officer now directly owns 543,948 shares of the company’s stock, valued at $21,072,545.52. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,548,914 shares of company stock valued at $68,196,589. 0.08% of the stock is currently owned by insiders.

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Intel 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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