Murphy Pohlad Asset Management LLC Purchases 16,340 Shares of Intel Corporation (INTC)

Murphy Pohlad Asset Management LLC raised its position in shares of Intel Corporation (NASDAQ:INTC) by 15.6% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 120,889 shares of the chip maker’s stock after purchasing an additional 16,340 shares during the quarter. Intel Corporation accounts for about 3.0% of Murphy Pohlad Asset Management LLC’s investment portfolio, making the stock its 5th biggest holding. Murphy Pohlad Asset Management LLC’s holdings in Intel Corporation were worth $4,078,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Summit Asset Management LLC grew its stake in shares of Intel Corporation by 0.7% in the first quarter. Summit Asset Management LLC now owns 6,281 shares of the chip maker’s stock worth $227,000 after acquiring an additional 46 shares during the period. Conservest Capital Advisors Inc. grew its stake in shares of Intel Corporation by 0.6% in the second quarter. Conservest Capital Advisors Inc. now owns 8,953 shares of the chip maker’s stock worth $302,000 after acquiring an additional 51 shares during the period. Hudock Capital Group LLC grew its stake in shares of Intel Corporation by 0.4% in the first quarter. Hudock Capital Group LLC now owns 12,570 shares of the chip maker’s stock worth $453,000 after acquiring an additional 53 shares during the period. Bank of Stockton grew its stake in shares of Intel Corporation by 0.4% in the second quarter. Bank of Stockton now owns 16,321 shares of the chip maker’s stock worth $550,000 after acquiring an additional 72 shares during the period. Finally, Benin Management CORP grew its stake in shares of Intel Corporation by 0.3% in the second quarter. Benin Management CORP now owns 26,055 shares of the chip maker’s stock worth $879,000 after acquiring an additional 84 shares during the period. Institutional investors and hedge funds own 67.17% of the company’s stock.

A number of analysts have recently commented on INTC shares. MKM Partners reiterated a “buy” rating and issued a $42.00 price target on shares of Intel Corporation in a research note on Tuesday, July 18th. Loop Capital reiterated a “buy” rating and issued a $45.00 price target (up from $43.00) on shares of Intel Corporation in a research note on Friday, July 28th. B. Riley reiterated a “buy” rating and issued a $46.00 price target on shares of Intel Corporation in a research note on Friday, July 28th. Stifel Nicolaus reiterated a “buy” rating and issued a $41.00 price target (up from $39.00) on shares of Intel Corporation in a research note on Sunday, July 30th. Finally, Mizuho reissued a “buy” rating and issued a $42.00 price objective on shares of Intel Corporation in a report on Sunday, July 30th. Five equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $43.00.

Shares of Intel Corporation (NASDAQ INTC) opened at $45.58 on Monday. Intel Corporation has a 1 year low of $33.23 and a 1 year high of $47.30. The company has a current ratio of 1.60, a quick ratio of 1.27 and a debt-to-equity ratio of 0.39. The company has a market cap of $213,314.41, a PE ratio of 14.33, a price-to-earnings-growth ratio of 1.67 and a beta of 1.09.

Intel Corporation (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, October 26th. The chip maker reported $1.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.21. Intel Corporation had a net margin of 22.31% and a return on equity of 22.65%. The firm had revenue of $16.15 billion for the quarter, compared to the consensus estimate of $15.73 billion. During the same quarter in the prior year, the company posted $0.80 earnings per share. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. equities research analysts predict that Intel Corporation will post 3.25 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Tuesday, November 7th will be issued a dividend of $0.2725 per share. The ex-dividend date of this dividend is Monday, November 6th. This represents a $1.09 annualized dividend and a dividend yield of 2.39%. Intel Corporation’s dividend payout ratio (DPR) is currently 38.11%.

In other news, Chairman Andy D. Bryant sold 89,087 shares of the company’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $44.80, for a total transaction of $3,991,097.60. Following the transaction, the chairman now owns 428,789 shares in the company, valued at $19,209,747.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Stacy J. Smith sold 472,337 shares of the company’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 transaction, the insider now owns 265,298 shares in the company, valued at approximately $11,734,130.54. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 659,036 shares of company stock worth $28,872,880. Corporate insiders own 0.08% of the company’s stock.

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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).

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Institutional Ownership by Quarter for Intel Corporation (NASDAQ:INTC)

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