Welch Group LLC Buys 512 Shares of Intel Co. (NASDAQ:INTC)

Welch Group LLC increased its stake in shares of Intel Co. (NASDAQ:INTC) by 0.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 549,166 shares of the chip maker’s stock after acquiring an additional 512 shares during the period. Intel comprises approximately 2.8% of Welch Group LLC’s investment portfolio, making the stock its 23rd largest holding. Welch Group LLC’s holdings in Intel were worth $26,289,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in INTC. Tributary Capital Management LLC bought a new stake in Intel in the fourth quarter valued at approximately $28,000. Virtus ETF Advisers LLC acquired a new position in shares of Intel in the fourth quarter valued at approximately $48,000. Stevens First Principles Investment Advisors acquired a new position in shares of Intel in the fourth quarter valued at approximately $53,000. Contravisory Investment Management Inc. grew its position in shares of Intel by 234.1% in the second 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 last quarter. Finally, Thor Advisors LLC acquired a new position in shares of Intel in the first quarter valued at approximately $72,000. Institutional investors and hedge funds own 65.92% of the company’s stock.

In other Intel news, EVP Navin Shenoy sold 8,552 shares of the company’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $46.78, for a total transaction of $400,062.56. Following the completion of the sale, the executive vice president now directly owns 68,833 shares in the company, valued at $3,220,007.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.02% of the stock is owned by corporate insiders.

Several equities analysts have recently commented on the company. Nomura assumed coverage on NVIDIA in a research report on Tuesday, April 2nd. They issued a “neutral” rating and a $147.00 target price on the stock. Benchmark assumed coverage on Silicon Laboratories in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $120.00 target price on the stock. Wells Fargo & Co decreased their target price on Teva Pharmaceutical Industries from $18.00 to $17.00 and set a “market perform” rating on the stock in a research report on Thursday, May 9th. Sanford C. Bernstein reaffirmed a “buy” rating on shares of Mcdonald’s in a research report on Friday. Finally, BMO Capital Markets upped their target price on goeasy from C$55.00 to C$60.00 in a research report on Thursday, May 9th. Nine research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $54.31.

NASDAQ INTC traded down $0.56 on Tuesday, hitting $51.95. 762,758 shares of the company’s stock were exchanged, compared to its average volume of 18,428,554. The business has a 50-day moving average price of $48.65. The company has a current ratio of 1.48, a quick ratio of 1.04 and a debt-to-equity ratio of 0.33. Intel Co. has a 52 week low of $42.36 and a 52 week high of $59.59. The company has a market cap of $230.97 billion, a PE ratio of 11.33, a price-to-earnings-growth ratio of 1.66 and a beta of 0.84.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, July 25th. The chip maker reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.17. Intel had a return on equity of 28.84% and a net margin of 28.05%. The firm had revenue of $16.51 billion during the quarter, compared to analysts’ expectations of $15.70 billion. During the same period in the prior year, the company earned $1.04 earnings per share. The company’s quarterly revenue was down 2.7% on a year-over-year basis. On average, equities research analysts anticipate that Intel Co. will post 4.13 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th will be paid a dividend of $0.315 per share. This represents a $1.26 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend is Tuesday, August 6th. Intel’s payout ratio is presently 27.51%.

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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