Asset Management One Co. Ltd. Sells 619,714 Shares of Intel Corporation (NASDAQ:INTC)

Asset Management One Co. Ltd. decreased its position in shares of Intel Corporation (NASDAQ:INTC) by 7.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,664,434 shares of the chip maker’s stock after selling 619,714 shares during the period. Asset Management One Co. Ltd. owned 0.16% of Intel Corporation worth $276,300,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Sigma Planning Corp raised its stake in shares of Intel Corporation by 0.5% in the first quarter. Sigma Planning Corp now owns 64,672 shares of the chip maker’s stock worth $2,333,000 after buying an additional 335 shares during the last quarter. RB Capital Management LLC acquired a new stake in shares of Intel Corporation during the fourth quarter worth about $858,000. Assenagon Asset Management S.A. acquired a new stake in shares of Intel Corporation during the fourth quarter worth about $544,000. Wsfs Capital Management LLC acquired a new stake in shares of Intel Corporation during the fourth quarter worth about $280,000. Finally, Regentatlantic Capital LLC raised its stake in shares of Intel Corporation by 10.9% in the first quarter. Regentatlantic Capital LLC now owns 495,518 shares of the chip maker’s stock worth $17,873,000 after buying an additional 48,759 shares during the last quarter. 67.31% of the stock is currently owned by institutional investors and hedge funds.

Shares of Intel Corporation (INTC) opened at 35.01 on Friday. The company has a market capitalization of $164.51 billion, a price-to-earnings ratio of 13.36 and a beta of 1.01. Intel Corporation has a 1-year low of $33.23 and a 1-year high of $38.45. The stock has a 50 day moving average price of $35.09 and a 200 day moving average price of $35.65.

Intel Corporation (NASDAQ:INTC) last posted its earnings results on Thursday, July 27th. The chip maker reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.04. The firm had revenue of $14.76 billion for the quarter, compared to analysts’ expectations of $14.39 billion. Intel Corporation had a net margin of 20.60% and a return on equity of 21.86%. The company’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.59 earnings per share. Analysts forecast that Intel Corporation will post $3.01 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, August 7th will be paid a dividend of $0.2725 per share. The ex-dividend date is Thursday, August 3rd. This represents a $1.09 dividend on an annualized basis and a dividend yield of 3.11%. Intel Corporation’s payout ratio is presently 41.76%.

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A number of analysts have issued reports on INTC shares. B. Riley reissued a “buy” rating and issued a $44.00 price target on shares of Intel Corporation in a research note on Friday, April 28th. Needham & Company LLC reissued a “buy” rating and issued a $43.00 price target on shares of Intel Corporation in a research note on Saturday, April 29th. Mizuho restated a “buy” rating on shares of Intel Corporation in a report on Friday, April 28th. Vetr upgraded Intel Corporation from a “hold” rating to a “buy” rating and set a $37.01 price objective on the stock in a report on Monday, May 15th. Finally, Zacks Investment Research upgraded Intel Corporation from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a report on Tuesday, May 16th. Five research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-seven have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $40.55.

In related news, CEO Brian M. Krzanich sold 72,173 shares of the business’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $33.69, for a total value of $2,431,508.37. Following the sale, the chief executive officer now owns 534,746 shares of the company’s stock, valued at $18,015,592.74. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Venkata S. M. Renduchintala sold 1,424 shares of the business’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $36.40, for a total transaction of $51,833.60. Following the completion of the sale, the insider now directly owns 1,536 shares in the company, valued at approximately $55,910.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 91,921 shares of company stock worth $3,130,162. Insiders own 0.09% of the company’s stock.

Intel Corporation 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 Corporation (NASDAQ:INTC)

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