Intel Corporation (INTC) Stake Lifted by Welch Investments LLC

Welch Investments LLC raised its position in Intel Corporation (NASDAQ:INTC) by 5.8% during the second quarter, according to its most recent filing with the SEC. The firm owned 118,515 shares of the chip maker’s stock after purchasing an additional 6,499 shares during the period. Intel Corporation accounts for approximately 3.0% of Welch Investments LLC’s portfolio, making the stock its 27th largest position. Welch Investments LLC’s holdings in Intel Corporation were worth $3,999,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of INTC. Watermark Asset Management Inc. bought a new stake in shares of Intel Corporation in the 1st quarter valued at $113,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in shares of Intel Corporation by 53.0% in the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,040 shares of the chip maker’s stock valued at $146,000 after acquiring an additional 1,400 shares in the last quarter. Orrstown Financial Services Inc. increased its stake in shares of Intel Corporation by 23.0% in the 2nd quarter. Orrstown Financial Services Inc. now owns 4,582 shares of the chip maker’s stock valued at $155,000 after acquiring an additional 857 shares in the last quarter. Winfield Associates Inc. increased its stake in shares of Intel Corporation by 6.0% in the 2nd quarter. Winfield Associates Inc. now owns 4,651 shares of the chip maker’s stock valued at $156,000 after acquiring an additional 265 shares in the last quarter. Finally, Vigilant Capital Management LLC increased its stake in shares of Intel Corporation by 22.6% in the 1st quarter. Vigilant Capital Management LLC now owns 4,373 shares of the chip maker’s stock valued at $158,000 after acquiring an additional 805 shares in the last quarter. Hedge funds and other institutional investors own 67.02% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This article was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this article on another publication, it was illegally stolen and republished in violation of United States & international copyright and trademark law. The correct version of this article can be read at https://ledgergazette.com/2017/10/19/intel-corporation-intc-stake-lifted-by-welch-investments-llc.html.

In other Intel Corporation news, CEO Brian M. Krzanich sold 61,860 shares of Intel Corporation stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $38.74, for a total value of $2,396,456.40. Following the sale, the chief executive officer now owns 543,948 shares of the company’s stock, valued at approximately $21,072,545.52. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Venkata S. M. Renduchintala sold 1,424 shares of Intel Corporation stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $36.40, for a total value of $51,833.60. Following the completion of the sale, the insider now directly owns 1,536 shares in the company, valued at approximately $55,910.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 81,608 shares of company stock worth $3,095,110. Corporate insiders own 0.08% of the company’s stock.

Intel Corporation (NASDAQ:INTC) opened at 40.25 on Thursday. The company has a market capitalization of $189.13 billion, a PE ratio of 15.36 and a beta of 1.07. Intel Corporation has a 52-week low of $33.23 and a 52-week high of $40.29. The company has a 50 day moving average of $37.61 and a 200 day moving average of $36.03.

Intel Corporation (NASDAQ:INTC) last released its quarterly earnings data on Thursday, July 27th. The chip maker reported $0.72 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.04. Intel Corporation had a return on equity of 21.86% and a net margin of 20.60%. The business had revenue of $14.76 billion for the quarter, compared to the consensus estimate of $14.39 billion. During the same quarter in the previous year, the company posted $0.59 EPS. The company’s revenue was up 9.1% compared to the same quarter last year. On average, equities research analysts forecast that Intel Corporation will post $3.01 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Tuesday, November 7th will be paid a $0.2725 dividend. This represents a $1.09 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date of this dividend is Monday, November 6th. Intel Corporation’s payout ratio is 41.76%.

Several research firms have recently weighed in on INTC. Jefferies Group LLC reiterated an “underperform” rating and issued a $30.00 price objective (up previously from $29.00) on shares of Intel Corporation in a research note on Friday, July 28th. They noted that the move was a valuation call. Sanford C. Bernstein set a $30.00 price objective on shares of Intel Corporation and gave the company a “sell” rating in a research note on Tuesday, August 15th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $40.00 price objective (up previously from $37.00) on shares of Intel Corporation in a research note on Friday, October 6th. Hilliard Lyons began coverage on shares of Intel Corporation in a research note on Wednesday, July 12th. They issued a “buy” rating and a $41.00 price objective for the company. Finally, Northland Securities set a $40.00 price objective on shares of Intel Corporation and gave the company a “hold” rating in a research note on Friday, July 28th. Five analysts have rated the stock with a sell rating, fifteen have

Several other hedge funds and other institutional investors have also recently modified their holdings of INTC. Watermark Asset Management Inc. bought a new stake in shares of Intel Corporation in the 1st quarter valued at $113,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in shares of Intel Corporation by 53.0% in the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,040 shares of the chip maker’s stock valued at $146,000 after acquiring an additional 1,400 shares in the last quarter. Orrstown Financial Services Inc. increased its stake in shares of Intel Corporation by 23.0% in the 2nd quarter. Orrstown Financial Services Inc. now owns 4,582 shares of the chip maker’s stock valued at $155,000 after acquiring an additional 857 shares in the last quarter. Winfield Associates Inc. increased its stake in shares of Intel Corporation by 6.0% in the 2nd quarter. Winfield Associates Inc. now owns 4,651 shares of the chip maker’s stock valued at $156,000 after acquiring an additional 265 shares in the last quarter. Finally, Vigilant Capital Management LLC increased its stake in shares of Intel Corporation by 22.6% in the 1st quarter. Vigilant Capital Management LLC now owns 4,373 shares of the chip maker’s stock valued at $158,000 after acquiring an additional 805 shares in the last quarter. Hedge funds and other institutional investors own 67.02% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This article was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this article on another publication, it was illegally stolen and republished in violation of United States & international copyright and trademark law. The correct version of this article can be read at https://ledgergazette.com/2017/10/19/intel-corporation-intc-stake-lifted-by-welch-investments-llc.html.

In other Intel Corporation news, CEO Brian M. Krzanich sold 61,860 shares of Intel Corporation stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $38.74, for a total value of $2,396,456.40. Following the sale, the chief executive officer now owns 543,948 shares of the company’s stock, valued at approximately $21,072,545.52. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Venkata S. M. Renduchintala sold 1,424 shares of Intel Corporation stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $36.40, for a total value of $51,833.60. Following the completion of the sale, the insider now directly owns 1,536 shares in the company, valued at approximately $55,910.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 81,608 shares of company stock worth $3,095,110. Corporate insiders own 0.08% of the company’s stock.

Intel Corporation (NASDAQ:INTC) opened at 40.25 on Thursday. The company has a market capitalization of $189.13 billion, a PE ratio of 15.36 and a beta of 1.07. Intel Corporation has a 52-week low of $33.23 and a 52-week high of $40.29. The company has a 50 day moving average of $37.61 and a 200 day moving average of $36.03.

Intel Corporation (NASDAQ:INTC) last released its quarterly earnings data on Thursday, July 27th. The chip maker reported $0.72 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.04. Intel Corporation had a return on equity of 21.86% and a net margin of 20.60%. The business had revenue of $14.76 billion for the quarter, compared to the consensus estimate of $14.39 billion. During the same quarter in the previous year, the company posted $0.59 EPS. The company’s revenue was up 9.1% compared to the same quarter last year. On average, equities research analysts forecast that Intel Corporation will post $3.01 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Tuesday, November 7th will be paid a $0.2725 dividend. This represents a $1.09 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date of this dividend is Monday, November 6th. Intel Corporation’s payout ratio is 41.76%.

Several research firms have recently weighed in on INTC. Jefferies Group LLC reiterated an “underperform” rating and issued a $30.00 price objective (up previously from $29.00) on shares of Intel Corporation in a research note on Friday, July 28th. They noted that the move was a valuation call. Sanford C. Bernstein set a $30.00 price objective on shares of Intel Corporation and gave the company a “sell” rating in a research note on Tuesday, August 15th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $40.00 price objective (up previously from $37.00) on shares of Intel Corporation in a research note on Friday, October 6th. Hilliard Lyons began coverage on shares of Intel Corporation in a research note on Wednesday, July 12th. They issued a “buy” rating and a $41.00 price objective for the company. Finally, Northland Securities set a $40.00 price objective on shares of Intel Corporation and gave the company a “hold” rating in a research note on Friday, July 28th. Five analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $40.94.

Intel Corporation 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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