Financial Architects Inc grew its holdings in shares of Intel Co. (NASDAQ:INTC) by 2.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 41,844 shares of the chip maker’s stock after purchasing an additional 895 shares during the period. Financial Architects Inc’s holdings in Intel were worth $2,265,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of INTC. BlackRock Inc. lifted its holdings in Intel by 2.9% in the 1st quarter. BlackRock Inc. now owns 311,391,281 shares of the chip maker’s stock valued at $16,852,495,000 after acquiring an additional 8,659,315 shares during the last quarter. Capital International Investors increased its holdings in Intel by 0.9% in the fourth quarter. Capital International Investors now owns 142,522,918 shares of the chip maker’s stock worth $8,529,995,000 after buying an additional 1,323,789 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Intel by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 69,030,997 shares of the chip maker’s stock worth $4,124,265,000 after acquiring an additional 904,426 shares during the last quarter. Norges Bank acquired a new stake in shares of Intel in the fourth quarter worth $2,966,694,000. Finally, Bank of New York Mellon Corp lifted its position in Intel by 7.1% in the first quarter. Bank of New York Mellon Corp now owns 40,788,450 shares of the chip maker’s stock worth $2,207,470,000 after purchasing an additional 2,709,735 shares during the period. 66.56% of the stock is currently owned by institutional investors.

Shares of NASDAQ INTC traded down $0.80 during trading on Friday, reaching $58.28. 21,373,268 shares of the stock were exchanged, compared to its average volume of 29,405,209. The business’s 50-day moving average price is $57.65 and its 200 day moving average price is $58.65. Intel Co. has a twelve month low of $42.86 and a twelve month high of $69.29. The company has a quick ratio of 1.35, a current ratio of 1.74 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $252.64 billion, a price-to-earnings ratio of 11.29, a price-to-earnings-growth ratio of 1.65 and a beta of 0.82.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, April 23rd. The chip maker reported $1.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.17. The company had revenue of $19.83 billion for the quarter, compared to analysts’ expectations of $18.65 billion. Intel had a net margin of 30.02% and a return on equity of 31.64%. The firm’s revenue was up 23.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.89 earnings per share. As a group, sell-side analysts expect that Intel Co. will post 4.82 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Thursday, May 7th will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, May 6th. This represents a $1.32 annualized dividend and a dividend yield of 2.26%. Intel’s dividend payout ratio is currently 27.10%.

Several equities analysts have recently issued reports on the company. BNP Paribas upgraded Intel from a “neutral” rating to an “outperform” rating and set a $65.00 target price for the company in a research report on Tuesday, March 24th. Nomura Securities boosted their target price on Intel from $65.00 to $74.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Credit Suisse Group began coverage on Intel in a research report on Friday, April 24th. They set a “buy” rating and a $75.00 target price for the company. Needham & Company LLC restated a “hold” rating on shares of Intel in a research report on Friday, February 28th. Finally, Roth Capital reiterated a “buy” rating on shares of Intel in a research report on Friday, April 24th. Six research analysts have rated the stock with a sell rating, seventeen have given a hold rating and twenty-one have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $64.97.

In other Intel news, EVP Navin Shenoy sold 10,935 shares of the company’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $52.81, for a total value of $577,477.35. Following the completion of the sale, the executive vice president now directly owns 74,844 shares of the company’s stock, valued at approximately $3,952,511.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Venkata S. M. Renduchintala sold 46,544 shares of the company’s stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $60.67, for a total transaction of $2,823,824.48. Following the sale, the insider now directly owns 126,240 shares of the company’s stock, valued at $7,658,980.80. The disclosure for this sale can be found here. Insiders sold a total of 118,470 shares of company stock valued at $7,005,231 in the last quarter. 0.04% of the stock is currently owned by insiders.

About Intel

Intel Corporation offers computing, networking, data storage, and communication solutions worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments. The company offers microprocessors, and system-on-chip and multichip packaging products.

Further Reading: Options Trading

Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

Receive News & Ratings for Intel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel and related companies with MarketBeat.com's FREE daily email newsletter.