Bokf Na grew its position in Intel Co. (NASDAQ:INTC) by 10.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 290,680 shares of the chip maker’s stock after acquiring an additional 27,194 shares during the period. Bokf Na’s holdings in Intel were worth $15,731,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in Intel by 2.9% in the 1st quarter. BlackRock Inc. now owns 311,391,281 shares of the chip maker’s stock valued at $16,852,495,000 after acquiring an additional 8,659,315 shares during the period. Capital International Investors increased its holdings in shares of Intel by 0.9% in the fourth quarter. Capital International Investors now owns 142,522,918 shares of the chip maker’s stock valued at $8,529,995,000 after purchasing an additional 1,323,789 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Intel by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 69,030,997 shares of the chip maker’s stock valued at $4,124,265,000 after purchasing an additional 904,426 shares during the last quarter. Norges Bank bought a new position in shares of Intel in the fourth quarter valued at about $2,966,694,000. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Intel by 7.1% during the 1st quarter. Bank of New York Mellon Corp now owns 40,788,450 shares of the chip maker’s stock worth $2,207,470,000 after buying an additional 2,709,735 shares during the period. Institutional investors own 65.04% of the company’s stock.

Several research analysts have weighed in on the stock. Sanford C. Bernstein reissued a “neutral” rating and issued a $55.00 price target on shares of Intel in a report on Friday, April 24th. Northland Securities dropped their price target on Intel from $70.00 to $60.00 and set a “market perform” rating for the company in a report on Tuesday, March 31st. ThinkEquity initiated coverage on Intel in a research note on Monday, March 16th. They issued a “buy” rating for the company. JPMorgan Chase & Co. set a $80.00 target price on Intel and gave the stock a “buy” rating in a report on Friday, April 24th. Finally, Wedbush reduced their target price on shares of Intel from $52.50 to $51.00 and set an “underperform” rating for the company in a research report on Friday, April 24th. Six equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twenty-one have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $64.97.

Shares of NASDAQ INTC traded down $0.31 during midday trading on Wednesday, reaching $61.81. 10,265,735 shares of the company were exchanged, compared to its average volume of 19,173,198. The stock’s 50-day moving average price is $60.00 and its 200-day moving average price is $59.05. The stock has a market cap of $262.64 billion, a P/E ratio of 11.95, a PEG ratio of 1.72 and a beta of 0.82. The company has a quick ratio of 1.35, a current ratio of 1.74 and a debt-to-equity ratio of 0.48. Intel Co. has a one year low of $43.20 and a one year high of $69.29.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, April 23rd. The chip maker reported $1.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.17. Intel had a return on equity of 31.64% and a net margin of 30.02%. The company had revenue of $19.83 billion for the quarter, compared to the consensus estimate of $18.65 billion. During the same quarter last year, the business posted $0.89 EPS. Intel’s revenue for the quarter was up 23.5% on a year-over-year basis. On average, equities research analysts anticipate that Intel Co. will post 4.81 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Thursday, May 7th were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 2.14%. The ex-dividend date was Wednesday, May 6th. Intel’s dividend payout ratio (DPR) is currently 27.10%.

In related news, EVP Navin Shenoy sold 2,848 shares of the stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $58.83, for a total value of $167,547.84. Following the completion of the sale, the executive vice president now directly owns 77,709 shares in the company, valued at $4,571,620.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Venkata S. M. Renduchintala sold 46,544 shares of the stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $60.67, for a total value of $2,823,824.48. Following the completion of the sale, the insider now owns 126,240 shares of the company’s stock, valued at $7,658,980.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 98,547 shares of company stock worth $5,862,050. Company insiders own 0.04% of the company’s stock.

Intel Profile

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.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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