Meag Munich Ergo Kapitalanlagegesellschaft MBH increased its holdings in shares of Intel Co. (NASDAQ:INTC) by 1.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 218,800 shares of the chip maker’s stock after acquiring an additional 2,089 shares during the period. Intel comprises approximately 0.8% of Meag Munich Ergo Kapitalanlagegesellschaft MBH’s holdings, making the stock its 27th largest holding. Meag Munich Ergo Kapitalanlagegesellschaft MBH’s holdings in Intel were worth $10,402,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Tributary Capital Management LLC acquired a new position in shares of Intel in the 4th quarter valued at $28,000. Ogorek Anthony Joseph NY ADV lifted its stake in shares of Intel by 500.0% in the 2nd quarter. Ogorek Anthony Joseph NY ADV now owns 600 shares of the chip maker’s stock valued at $28,000 after purchasing an additional 500 shares during the period. Virtus ETF Advisers LLC acquired a new position in shares of Intel in the 4th quarter valued at $48,000. Stevens First Principles Investment Advisors acquired a new position in shares of Intel in the 4th quarter valued at $53,000. Finally, Contravisory Investment Management Inc. lifted its stake in shares of Intel by 234.1% in the 2nd quarter. Contravisory Investment Management Inc. now owns 1,146 shares of the chip maker’s stock valued at $55,000 after purchasing an additional 803 shares during the period. Institutional investors and hedge funds own 65.96% of the company’s stock.

INTC has been the topic of a number of analyst reports. BidaskClub raised Xilinx from a “hold” rating to a “buy” rating in a research note on Wednesday. Royal Bank of Canada increased their price target on Alphabet to $1,425.00 and gave the company an “outperform” rating in a research note on Friday. Morgan Stanley reissued a “hold” rating and issued a $20.10 price target on shares of ABB in a research note on Friday. UBS Group reissued a “buy” rating and issued a $58.00 price target on shares of Intel in a research note on Friday. Finally, Citigroup reissued a “neutral” rating and issued a $53.00 price target (up previously from $50.00) on shares of Intel in a research note on Friday. Eight investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-one have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $54.87.

Shares of INTC traded down $0.57 during midday trading on Friday, hitting $51.59. The stock had a trading volume of 36,380,031 shares, compared to its average volume of 17,940,786. The firm has a 50 day moving average of $48.30. Intel Co. has a twelve month low of $42.36 and a twelve month high of $59.59. The firm has a market capitalization of $230.97 billion, a price-to-earnings ratio of 11.26, a price-to-earnings-growth ratio of 1.63 and a beta of 0.84. The company has a current ratio of 1.54, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, July 25th. The chip maker reported $1.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.17. Intel had a return on equity of 29.01% and a net margin of 28.05%. The firm had revenue of $16.51 billion for the quarter, compared to the consensus estimate of $15.70 billion. During the same quarter last year, the business posted $1.04 EPS. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. On average, sell-side analysts predict that Intel Co. will post 4.13 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th will be paid a $0.315 dividend. This represents a $1.26 annualized dividend and a dividend yield of 2.44%. The ex-dividend date is Tuesday, August 6th. Intel’s dividend payout ratio is 27.51%.

In other Intel news, EVP Navin Shenoy sold 1,254 shares of Intel stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $50.80, for a total value of $63,703.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Venkata S. M. Renduchintala sold 37,989 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $52.19, for a total value of $1,982,645.91. Following the completion of the transaction, the insider now owns 76,855 shares of the company’s stock, valued at approximately $4,011,062.45. The disclosure for this sale can be found here. Insiders sold a total of 48,406 shares of company stock worth $2,477,573 in the last three months. Company insiders own 0.02% 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.

Featured Story: What is the formula for the cash asset ratio?

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.