Sompo Japan Nipponkoa Asset Management CO. LTD. lifted its position in Intel Co. (NASDAQ:INTC) by 46.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,330 shares of the chip maker’s stock after buying an additional 25,500 shares during the quarter. Sompo Japan Nipponkoa Asset Management CO. LTD.’s holdings in Intel were worth $3,845,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in INTC. Larson Financial Group LLC boosted its position in Intel by 23.6% during the second quarter. Larson Financial Group LLC now owns 2,600 shares of the chip maker’s stock worth $124,000 after purchasing an additional 496 shares during the period. Wetherby Asset Management Inc. boosted its position in Intel by 2.5% during the fourth quarter. Wetherby Asset Management Inc. now owns 98,515 shares of the chip maker’s stock worth $4,623,000 after purchasing an additional 2,414 shares during the period. Advisory Resource Group bought a new position in Intel during the first quarter worth $241,000. Grimes & Company Inc. boosted its position in Intel by 1.6% during the second quarter. Grimes & Company Inc. now owns 376,716 shares of the chip maker’s stock worth $18,034,000 after purchasing an additional 5,942 shares during the period. Finally, Bath Savings Trust Co boosted its position in Intel by 1.9% during the second quarter. Bath Savings Trust Co now owns 25,314 shares of the chip maker’s stock worth $1,212,000 after purchasing an additional 468 shares during the period. 66.17% of the stock is owned by institutional investors and hedge funds.

INTC stock traded up $0.60 during midday trading on Wednesday, reaching $47.20. The company had a trading volume of 207,467 shares, compared to its average volume of 25,929,204. The company has a market capitalization of $206.00 billion, a price-to-earnings ratio of 10.31, a price-to-earnings-growth ratio of 1.42 and a beta of 0.88. The stock has a 50 day moving average price of $48.76 and a 200-day moving average price of $50.13. Intel Co. has a 1-year low of $42.36 and a 1-year high of $59.59. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.48 and a quick ratio of 1.04.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, July 25th. The chip maker reported $1.06 EPS for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.17. The business had revenue of $16.51 billion during the quarter, compared to the consensus estimate of $15.70 billion. Intel had a return on equity of 28.84% and a net margin of 28.05%. Intel’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.04 earnings per share. As a group, research analysts anticipate that Intel Co. will post 4.37 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Sunday, September 1st. Investors of record on Wednesday, August 7th will be paid a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date is Tuesday, August 6th. Intel’s dividend payout ratio (DPR) is presently 27.51%.

A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets cut shares of Intel from an “outperform” rating to a “market perform” rating and set a $47.99 target price for the company. in a research report on Thursday, May 9th. Loop Capital assumed coverage on shares of Intel in a research report on Monday, August 12th. They issued a “hold” rating and a $50.00 target price for the company. SunTrust Banks reissued a “buy” rating and issued a $58.00 target price (up previously from $54.00) on shares of Intel in a research report on Friday, July 26th. Northland Securities raised shares of Intel from an “under perform” rating to a “market perform” rating and set a $48.00 target price for the company in a research report on Friday, August 16th. Finally, Roth Capital set a $60.00 target price on shares of Intel and gave the company a “buy” rating in a research report on Friday, July 26th. Nine equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nineteen have issued a buy rating to the company. Intel currently has a consensus rating of “Hold” and a consensus target price of $54.19.

In other Intel news, Director Reed E. Hundt sold 10,000 shares of the business’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $52.45, for a total transaction of $524,500.00. Following the completion of the transaction, the director now owns 44,400 shares of the company’s stock, valued at $2,328,780. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Navin Shenoy sold 1,253 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $49.24, for a total value of $61,697.72. Following the transaction, the executive vice president now directly owns 55,319 shares of the company’s stock, valued at approximately $2,723,907.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 36,524 shares of company stock valued at $1,844,221. 0.02% of the stock is owned by insiders.

About Intel

Intel Corporation offers computing, networking, data storage, and communication solutions worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments. The company offers microprocessors, and system-on-chip and multichip packaging products.

See Also: What are the advantages of the Stochastic Momentum Index?

Want to see what other hedge funds are holding INTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intel Co. (NASDAQ:INTC).

Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

Receive News & Ratings for Intel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel and related companies with MarketBeat.com's FREE daily email newsletter.