Shoker Investment Counsel Inc. boosted its stake in Intel Co. (NASDAQ:INTC) by 6.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,853 shares of the chip maker’s stock after purchasing an additional 1,304 shares during the period. Shoker Investment Counsel Inc.’s holdings in Intel were worth $832,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in INTC. Stonebridge Capital Management Inc. grew its stake in shares of Intel by 1.3% during the second quarter. Stonebridge Capital Management Inc. now owns 235,805 shares of the chip maker’s stock valued at $7,956,000 after acquiring an additional 2,950 shares in the last quarter. Hamlin Capital Management LLC grew its stake in shares of Intel by 64.3% during the second quarter. Hamlin Capital Management LLC now owns 2,257,617 shares of the chip maker’s stock valued at $76,172,000 after acquiring an additional 883,525 shares in the last quarter. CIBC Asset Management Inc grew its stake in shares of Intel by 3.1% during the second quarter. CIBC Asset Management Inc now owns 578,128 shares of the chip maker’s stock valued at $19,506,000 after acquiring an additional 17,224 shares in the last quarter. Lourd Capital LLC grew its stake in shares of Intel by 5.8% during the second quarter. Lourd Capital LLC now owns 9,624 shares of the chip maker’s stock valued at $325,000 after acquiring an additional 530 shares in the last quarter. Finally, Nwam LLC grew its stake in shares of Intel by 18.8% during the second quarter. Nwam LLC now owns 45,896 shares of the chip maker’s stock valued at $1,549,000 after acquiring an additional 7,262 shares in the last quarter. Hedge funds and other institutional investors own 67.48% of the company’s stock.

In related news, insider Venkata S. M. Renduchintala sold 17,946 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $49.07, for a total transaction of $880,610.22. Following the transaction, the insider now owns 1,536 shares in the company, valued at $75,371.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Venkata S. M. Renduchintala sold 1,502 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $44.58, for a total transaction of $66,959.16. Following the transaction, the insider now owns 1,536 shares in the company, valued at approximately $68,474.88. The disclosure for this sale can be found here. Insiders have sold 932,755 shares of company stock worth $41,387,752 in the last quarter. Company insiders own 0.08% of the company’s stock.

Intel Co. (INTC) opened at $44.46 on Wednesday. Intel Co. has a 12 month low of $33.23 and a 12 month high of $50.85. The company has a current ratio of 1.69, a quick ratio of 1.29 and a debt-to-equity ratio of 0.36. The company has a market cap of $208,070.00, a P/E ratio of 22.45, a P/E/G ratio of 1.52 and a beta of 1.07.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, January 25th. The chip maker reported $1.08 EPS for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.22. Intel had a net margin of 15.30% and a return on equity of 24.33%. The business had revenue of $17.05 billion for the quarter, compared to analyst estimates of $16.34 billion. During the same quarter last year, the business earned $0.79 earnings per share. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. research analysts expect that Intel Co. will post 3.51 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Wednesday, February 7th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date is Tuesday, February 6th. This is a positive change from Intel’s previous quarterly dividend of $0.27. Intel’s dividend payout ratio (DPR) is currently 60.61%.

Several brokerages have recently weighed in on INTC. Sanford C. Bernstein set a $34.00 target price on Intel and gave the company a “sell” rating in a research note on Wednesday, January 10th. Needham & Company LLC raised their target price on Intel from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, January 26th. SunTrust Banks restated a “hold” rating and set a $50.00 target price on shares of Intel in a research note on Friday, January 26th. Vetr downgraded Intel from a “strong-buy” rating to a “buy” rating and set a $49.51 target price for the company. in a research note on Wednesday, January 17th. Finally, Wells Fargo & Co restated a “buy” rating and set a $55.00 target price on shares of Intel in a research note on Friday, January 26th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirty have issued a buy rating to the company’s stock. Intel has an average rating of “Buy” and an average price target of $49.33.

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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).

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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