River Road Asset Management LLC Has $57.45 Million Position in Intel Corporation (NASDAQ:INTC)

River Road Asset Management LLC cut its position in Intel Corporation (NASDAQ:INTC) by 2.4% during the first quarter, Holdings Channel reports. The fund owned 1,592,733 shares of the chip maker’s stock after selling 39,948 shares during the period. River Road Asset Management LLC’s holdings in Intel Corporation were worth $57,450,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Baystate Wealth Management LLC raised its stake in shares of Intel Corporation by 101.2% in the first quarter. Baystate Wealth Management LLC now owns 5,737 shares of the chip maker’s stock worth $204,000 after buying an additional 2,885 shares during the last quarter. Adviser Investments LLC acquired a new stake in shares of Intel Corporation during the first quarter worth approximately $3,569,000. Court Place Advisors LLC raised its stake in shares of Intel Corporation by 3.7% in the first quarter. Court Place Advisors LLC now owns 133,231 shares of the chip maker’s stock worth $4,806,000 after buying an additional 4,760 shares during the last quarter. Duncker Streett & Co. Inc. raised its stake in shares of Intel Corporation by 3.0% in the first quarter. Duncker Streett & Co. Inc. now owns 30,764 shares of the chip maker’s stock worth $1,110,000 after buying an additional 898 shares during the last quarter. Finally, First Mercantile Trust Co. raised its stake in shares of Intel Corporation by 8.8% in the first quarter. First Mercantile Trust Co. now owns 15,775 shares of the chip maker’s stock worth $569,000 after buying an additional 1,275 shares during the last quarter. 68.15% of the stock is owned by institutional investors.

Intel Corporation (NASDAQ:INTC) opened at 33.88 on Monday. The company has a market cap of $159.54 billion, a P/E ratio of 14.67 and a beta of 1.00. The stock’s 50 day moving average price is $35.45 and its 200-day moving average price is $36.07. Intel Corporation has a 52-week low of $33.34 and a 52-week high of $38.45.

Intel Corporation (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, April 27th. The chip maker reported $0.66 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.01. Intel Corporation had a return on equity of 21.48% and a net margin of 18.57%. The business had revenue of $14.80 billion during the quarter, compared to analysts’ expectations of $14.80 billion. During the same period in the previous year, the firm posted $0.54 earnings per share. The company’s revenue was up 8.0% on a year-over-year basis. On average, equities analysts predict that Intel Corporation will post $2.86 earnings per share for the current fiscal year.

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A number of analysts recently commented on the company. BidaskClub lowered Intel Corporation from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 5th. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $45.00 price target on shares of Intel Corporation in a research note on Tuesday, July 4th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $35.00 price target on shares of Intel Corporation in a research note on Tuesday, July 4th. Canaccord Genuity reaffirmed a “hold” rating and issued a $38.00 price target on shares of Intel Corporation in a research note on Tuesday, July 4th. Finally, Zacks Investment Research raised Intel Corporation from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a research note on Thursday, June 22nd. Five analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $40.28.

In other news, CEO Brian M. Krzanich sold 72,173 shares of Intel Corporation stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $33.69, for a total value of $2,431,508.37. Following the completion of the sale, the chief executive officer now directly owns 534,746 shares of the company’s stock, valued at $18,015,592.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Diane M. Bryant sold 1,639 shares of the business’s stock in a transaction on Tuesday, April 25th. The stock was sold at an average price of $36.85, for a total value of $60,397.15. Following the transaction, the insider now directly owns 113,357 shares of the company’s stock, valued at $4,177,205.45. The disclosure for this sale can be found here. Insiders sold 119,994 shares of company stock valued at $4,166,359 over the last ninety days. Insiders own 0.09% of the company’s stock.

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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