Thomaspartners Inc. boosted its stake in Intel Corp. (NASDAQ:INTC) by 2.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,250,265 shares of the chip maker’s stock after buying an additional 91,275 shares during the period. Intel Corp. comprises 2.0% of Thomaspartners Inc.’s holdings, making the stock its 29th largest position. Thomaspartners Inc. owned approximately 0.09% of Intel Corp. worth $137,496,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in the company. Amarillo National Bank raised its stake in shares of Intel Corp. by 0.3% in the first quarter. Amarillo National Bank now owns 14,739 shares of the chip maker’s stock worth $477,000 after buying an additional 37 shares in the last quarter. Accredited Investors Inc. raised its stake in shares of Intel Corp. by 0.4% in the first quarter. Accredited Investors Inc. now owns 20,443 shares of the chip maker’s stock worth $661,000 after buying an additional 73 shares in the last quarter. PartnerRe Asset Management CORP raised its stake in shares of Intel Corp. by 0.3% in the first quarter. PartnerRe Asset Management CORP now owns 31,959 shares of the chip maker’s stock worth $1,034,000 after buying an additional 100 shares in the last quarter. Bath Savings Trust Co raised its stake in shares of Intel Corp. by 0.7% in the first quarter. Bath Savings Trust Co now owns 19,192 shares of the chip maker’s stock worth $621,000 after buying an additional 125 shares in the last quarter. Finally, Oliver Luxxe Assets LLC raised its stake in shares of Intel Corp. by 0.3% in the first quarter. Oliver Luxxe Assets LLC now owns 49,307 shares of the chip maker’s stock worth $1,595,000 after buying an additional 126 shares in the last quarter.
Shares of Intel Corp. (NASDAQ:INTC) traded down 0.17% on Thursday, reaching $34.77. The company’s stock had a trading volume of 21,666,627 shares. Intel Corp. has a 1-year low of $24.87 and a 1-year high of $35.93. The stock has a market capitalization of $164.43 billion and a P/E ratio of 16.86. The company has a 50 day moving average of $33.22 and a 200 day moving average of $31.39.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Sunday, August 7th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.99%. The ex-dividend date of this dividend is Wednesday, August 3rd.
Several analysts recently issued reports on the stock. Mizuho cut their target price on shares of Intel Corp. to $36.00 and set a “buy” rating for the company in a research report on Thursday, April 7th. Sterne Agee CRT restated a “buy” rating and set a $38.00 target price on shares of Intel Corp. in a research report on Tuesday, April 5th. B. Riley restated a “buy” rating and set a $40.00 target price on shares of Intel Corp. in a research report on Monday, April 4th. Bank of America Corp. restated a “buy” rating and set a $36.00 target price on shares of Intel Corp. in a research report on Friday, April 1st. Finally, Credit Suisse Group AG restated a “buy” rating and set a $40.00 target price on shares of Intel Corp. in a research report on Friday, April 1st. Four equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and twenty-nine have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $36.70.
In other news, CEO Brian M. Krzanich sold 71,413 shares of the company’s stock in a transaction that occurred on Monday, May 23rd. The stock was sold at an average price of $30.35, for a total transaction of $2,167,384.55. Following the completion of the sale, the chief executive officer now owns 462,054 shares in the company, valued at $14,023,338.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Stacy J. Smith sold 29,497 shares of the company’s stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $34.47, for a total value of $1,016,761.59. Following the sale, the chief financial officer now owns 263,772 shares of the company’s stock, valued at approximately $9,092,220.84. The disclosure for this sale can be found here.
Intel Corporation is engaged in the design and manufacture of digital technology platforms. The Company’s segments include Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Software and Services (SSG) and All Other. CCG segment includes platforms designed for notebooks (including Ultrabook devices), 2 in 1 systems, desktops (including all-in-ones and personal computers (PCs)), tablets, phones, wireless and wired connectivity products, and mobile communication components.
