Intel Corporation (INTC) Holdings Cut by Tocqueville Asset Management L.P.

Tocqueville Asset Management L.P. trimmed its position in Intel Corporation (NASDAQ:INTC) by 3.5% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 1,747,544 shares of the chip maker’s stock after selling 63,403 shares during the period. Tocqueville Asset Management L.P.’s holdings in Intel Corporation were worth $58,962,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of INTC. Murphy Capital Management Inc. boosted its stake in Intel Corporation by 18.4% in the second quarter. Murphy Capital Management Inc. now owns 31,721 shares of the chip maker’s stock valued at $1,070,000 after acquiring an additional 4,928 shares during the last quarter. Papp L Roy & Associates boosted its stake in Intel Corporation by 1.2% in the second quarter. Papp L Roy & Associates now owns 68,065 shares of the chip maker’s stock valued at $2,297,000 after acquiring an additional 800 shares during the last quarter. Crescent Grove Advisors LLC purchased a new position in Intel Corporation in the second quarter valued at about $555,000. United Bank boosted its stake in Intel Corporation by 108.0% in the second quarter. United Bank now owns 43,841 shares of the chip maker’s stock valued at $1,479,000 after acquiring an additional 22,765 shares during the last quarter. Finally, Chicago Partners Investment Group LLC boosted its stake in Intel Corporation by 182.1% in the second quarter. Chicago Partners Investment Group LLC now owns 15,097 shares of the chip maker’s stock valued at $530,000 after acquiring an additional 9,746 shares during the last quarter. 66.90% of the stock is owned by institutional investors and hedge funds.

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In other Intel Corporation news, insider Venkata S. M. Renduchintala sold 1,424 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $46.73, for a total transaction of $66,543.52. Following the completion of the sale, the insider now directly owns 1,536 shares in the company, valued at approximately $71,777.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Stacy J. Smith sold 472,337 shares of the firm’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $44.23, for a total transaction of $20,891,465.51. Following the sale, the insider now owns 265,298 shares of the company’s stock, valued at $11,734,130.54. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 659,036 shares of company stock valued at $28,872,880. 0.08% of the stock is owned by company insiders.

A number of research analysts have weighed in on INTC shares. BidaskClub upgraded shares of Intel Corporation from a “strong sell” rating to a “sell” rating in a research note on Monday, July 24th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Intel Corporation in a research note on Friday, July 28th. Northland Securities set a $40.00 target price on shares of Intel Corporation and gave the company a “hold” rating in a research note on Friday, July 28th. Loop Capital reiterated a “buy” rating and issued a $45.00 target price (up from $43.00) on shares of Intel Corporation in a research note on Friday, July 28th. Finally, Jefferies Group LLC reiterated an “underperform” rating and issued a $30.00 target price (up from $29.00) on shares of Intel Corporation in a research note on Friday, July 28th. They noted that the move was a valuation call. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $43.40.

Intel Corporation (NASDAQ:INTC) opened at $44.62 on Tuesday. Intel Corporation has a 12-month low of $33.23 and a 12-month high of $47.30. The stock has a market cap of $209,220.00, a PE ratio of 14.03, a P/E/G ratio of 1.63 and a beta of 1.09. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.27 and a current ratio of 1.60.

Intel Corporation (NASDAQ:INTC) last released its quarterly earnings data on Thursday, October 26th. The chip maker reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.21. The business had revenue of $16.15 billion during the quarter, compared to analyst estimates of $15.73 billion. Intel Corporation had a net margin of 22.31% and a return on equity of 22.65%. Intel Corporation’s revenue was up 2.4% compared to the same quarter last year. During the same period last year, the business earned $0.80 EPS. equities analysts anticipate that Intel Corporation will post 3.25 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Tuesday, November 7th will be paid a dividend of $0.2725 per share. The ex-dividend date of this dividend is Monday, November 6th. This represents a $1.09 dividend on an annualized basis and a yield of 2.44%. Intel Corporation’s dividend payout ratio is currently 38.25%.

Intel Corporation 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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