Intel Corporation (INTC) Stake Held by Bourne Lent Asset Management Inc.

Bourne Lent Asset Management Inc. continued to hold its position in Intel Corporation (NASDAQ:INTC) during the first quarter, according to its most recent disclosure with the SEC. The fund owned 15,590 shares of the chip maker’s stock at the end of the first quarter. Bourne Lent Asset Management Inc.’s holdings in Intel Corporation were worth $562,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Orrstown Financial Services Inc. increased its position in Intel Corporation by 96.6% in the first quarter. Orrstown Financial Services Inc. now owns 3,725 shares of the chip maker’s stock worth $134,000 after buying an additional 1,830 shares during the period. Security Asset Management purchased a new position in Intel Corporation during the fourth quarter worth about $162,000. SRS Capital Advisors Inc. purchased a new position in Intel Corporation during the fourth quarter worth about $198,000. ARP Americas LLC purchased a new position in Intel Corporation during the first quarter worth about $202,000. Finally, Ellington Management Group LLC purchased a new position in Intel Corporation during the fourth quarter worth about $203,000. Hedge funds and other institutional investors own 67.31% of the company’s stock.

Intel Corporation (INTC) traded down 0.45% during midday trading on Friday, reaching $35.01. 16,231,408 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $35.09 and its 200-day moving average price is $35.65. The company has a market capitalization of $164.51 billion, a PE 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.

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

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

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INTC has been the topic of a number of recent research reports. Jefferies Group LLC reaffirmed an “underperform” rating and issued a $30.00 target price (up from $29.00) on shares of Intel Corporation in a report on Friday, July 28th. They noted that the move was a valuation call. Sanford C. Bernstein set a $30.00 target price on Intel Corporation and gave the stock a “sell” rating in a report on Tuesday. Hilliard Lyons initiated coverage on Intel Corporation in a report on Wednesday, July 12th. They issued a “buy” rating and a $41.00 target price on the stock. Canaccord Genuity reaffirmed a “hold” rating on shares of Intel Corporation in a report on Saturday, June 3rd. Finally, Northland Securities set a $40.00 target price on Intel Corporation and gave the stock a “hold” rating in a report on Friday, July 28th. Five equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-seven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $40.55.

In other news, insider Venkata S. M. Renduchintala sold 1,424 shares of Intel Corporation stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $36.40, for a total value of $51,833.60. Following the sale, the insider now owns 1,536 shares of the company’s stock, valued at $55,910.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Venkata S. M. Renduchintala sold 13,996 shares of Intel Corporation stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $35.47, for a total transaction of $496,438.12. Following the completion of the sale, the insider now directly owns 1,536 shares in the company, valued at approximately $54,481.92. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 91,921 shares of company stock worth $3,130,162. 0.09% of the stock is currently owned by company insiders.

About Intel Corporation

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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