Intel Co. (INTC) Shares Bought by Wealthsource Partners LLC

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Wealthsource Partners LLC increased its position in Intel Co. (NASDAQ:INTC) by 20.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,601 shares of the chip maker’s stock after purchasing an additional 1,813 shares during the quarter. Wealthsource Partners LLC’s holdings in Intel were worth $527,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Lcnb Corp boosted its position in Intel by 7.8% during the 2nd quarter. Lcnb Corp now owns 44,369 shares of the chip maker’s stock valued at $2,206,000 after acquiring an additional 3,227 shares in the last quarter. Lansdowne Partners UK LLP bought a new stake in Intel during the 2nd quarter valued at $2,440,000. AMP Capital Investors Ltd boosted its position in Intel by 3.5% during the 2nd quarter. AMP Capital Investors Ltd now owns 2,257,447 shares of the chip maker’s stock valued at $112,218,000 after acquiring an additional 77,005 shares in the last quarter. Twin Capital Management Inc. boosted its position in Intel by 0.4% during the 2nd quarter. Twin Capital Management Inc. now owns 399,430 shares of the chip maker’s stock valued at $19,856,000 after acquiring an additional 1,700 shares in the last quarter. Finally, ProVise Management Group LLC boosted its position in Intel by 129.0% during the 2nd quarter. ProVise Management Group LLC now owns 16,422 shares of the chip maker’s stock valued at $816,000 after acquiring an additional 9,251 shares in the last quarter. 64.42% of the stock is currently owned by institutional investors.

Several analysts have issued reports on the company. BNP Paribas set a $53.00 target price on Intel and gave the company a “neutral” rating in a research report on Tuesday. Northland Securities cut Intel from a “market perform” rating to an “under perform” rating in a research report on Tuesday. ValuEngine raised Intel from a “sell” rating to a “hold” rating in a research report on Saturday, December 1st. DZ Bank cut Intel from a “buy” rating to a “hold” rating and set a $50.00 target price on the stock. in a research report on Thursday, November 29th. Finally, UBS Group cut Intel from a “buy” rating to a “hold” rating in a research report on Thursday, November 29th. Six investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nineteen have assigned a buy rating to the stock. Intel has an average rating of “Hold” and a consensus price target of $55.60.

Shares of INTC opened at $46.24 on Friday. The firm has a market cap of $226.29 billion, a PE ratio of 13.36, a price-to-earnings-growth ratio of 1.27 and a beta of 0.91. The company has a quick ratio of 1.13, a current ratio of 1.51 and a debt-to-equity ratio of 0.35. Intel Co. has a 12 month low of $42.04 and a 12 month high of $57.60.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, October 25th. The chip maker reported $1.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.25. The company had revenue of $19.16 billion during the quarter, compared to analyst estimates of $18.11 billion. Intel had a return on equity of 29.64% and a net margin of 21.91%. Analysts forecast that Intel Co. will post 4.53 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Saturday, December 1st. Investors of record on Wednesday, November 7th were paid a $0.30 dividend. The ex-dividend date was Tuesday, November 6th. This represents a $1.20 dividend on an annualized basis and a yield of 2.60%. Intel’s dividend payout ratio (DPR) is 34.68%.

Intel declared that its Board of Directors has initiated a share buyback program on Thursday, November 15th that permits the company to repurchase $15.00 billion in shares. This repurchase authorization permits the chip maker to reacquire up to 6.8% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

In related news, VP Kevin Thomas Mcbride sold 6,500 shares of the firm’s stock in a transaction on Tuesday, October 30th. The stock was sold at an average price of $45.53, for a total value of $295,945.00. Following the completion of the transaction, the vice president now owns 14,271 shares in the company, valued at approximately $649,758.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Navin Shenoy sold 4,522 shares of the firm’s stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $50.00, for a total value of $226,100.00. The disclosure for this sale can be found here. Insiders sold a total of 13,257 shares of company stock valued at $624,095 in the last 90 days. 0.03% of the stock is currently owned by company insiders.

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Intel Profile

Intel Corporation designs, manufactures, and sells computer, networking, data storage, and communication platforms worldwide. The company operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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