Intel Corporation (NASDAQ:INTC) Stake Decreased by Bessemer Group Inc.

Bessemer Group Inc. decreased its holdings in Intel Corporation (NASDAQ:INTC) by 15.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 256,784 shares of the chip maker’s stock after selling 45,811 shares during the quarter. Bessemer Group Inc. owned 0.06% of Intel Corporation worth $8,663,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. TRUE Private Wealth Advisors grew its holdings in Intel Corporation by 1.2% during the 1st quarter. TRUE Private Wealth Advisors now owns 22,885 shares of the chip maker’s stock worth $824,000 after acquiring an additional 277 shares during the last quarter. Stewart & Patten Co. LLC grew its holdings in Intel Corporation by 2.6% during the 1st quarter. Stewart & Patten Co. LLC now owns 548,737 shares of the chip maker’s stock worth $19,793,000 after acquiring an additional 14,067 shares during the last quarter. Windward Capital Management Co. CA grew its holdings in Intel Corporation by 33.5% during the 1st quarter. Windward Capital Management Co. CA now owns 21,378 shares of the chip maker’s stock worth $771,000 after acquiring an additional 5,359 shares during the last quarter. Navellier & Associates Inc grew its holdings in Intel Corporation by 0.6% during the 1st quarter. Navellier & Associates Inc now owns 183,703 shares of the chip maker’s stock worth $6,626,000 after acquiring an additional 1,083 shares during the last quarter. Finally, Douglas Lane & Associates LLC grew its holdings in Intel Corporation by 0.7% during the 1st quarter. Douglas Lane & Associates LLC now owns 936,832 shares of the chip maker’s stock worth $33,792,000 after acquiring an additional 6,170 shares during the last quarter. Institutional investors own 67.11% of the company’s stock.

In other Intel Corporation news, CEO Brian M. Krzanich sold 61,860 shares of the company’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $38.74, for a total value of $2,396,456.40. Following the completion of the sale, the chief executive officer now owns 543,948 shares in the company, valued at $21,072,545.52. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Diane M. Bryant sold 2,119 shares of the company’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $41.06, for a total value of $87,006.14. Following the completion of the sale, the executive vice president now owns 114,091 shares of the company’s stock, valued at approximately $4,684,576.46. The disclosure for this sale can be found here. In the last quarter, insiders have sold 81,038 shares of company stock valued at $3,098,786. 0.08% of the stock is owned by company insiders.

Shares of Intel Corporation (NASDAQ:INTC) opened at 44.40 on Friday. The stock has a market capitalization of $208.64 billion, a price-to-earnings ratio of 16.95 and a beta of 1.07. Intel Corporation has a 52-week low of $33.23 and a 52-week high of $45.00. The company has a 50-day moving average price of $38.32 and a 200-day moving average price of $36.19.

Intel Corporation (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, October 26th. The chip maker reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.21. The company had revenue of $16.15 billion during the quarter, compared to analysts’ expectations of $15.73 billion. Intel Corporation had a return on equity of 22.96% and a net margin of 22.31%. Intel Corporation’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.80 earnings per share. On average, equities analysts anticipate that Intel Corporation will post $3.01 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Tuesday, November 7th will be given a dividend of $0.2725 per share. This represents a $1.09 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date is Monday, November 6th. Intel Corporation’s dividend payout ratio (DPR) is presently 38.11%.

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Several research analysts have recently issued reports on INTC shares. Canaccord Genuity raised their target price on shares of Intel Corporation from $38.00 to $41.00 and gave the company a “hold” rating in a research note on Friday. Roth Capital raised their target price on shares of Intel Corporation from $43.00 to $50.00 and gave the company a “buy” rating in a research note on Friday. KeyCorp reaffirmed a “buy” rating and issued a $50.00 target price on shares of Intel Corporation in a research note on Friday. Loop Capital reissued a “buy” rating and set a $49.00 price objective (up previously from $45.00) on shares of Intel Corporation in a research note on Friday. Finally, BMO Capital Markets lifted their price objective on shares of Intel Corporation from $34.00 to $37.00 and gave the stock a “market perform” rating in a research note on Friday. Five research analysts have rated the stock with a sell rating, fourteen have given a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the stock. Intel Corporation presently has an average rating of “Buy” and an average target price of $42.69.

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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