Wealthsource Partners LLC Has $406,000 Position in Intel Corporation (INTC)

Wealthsource Partners LLC decreased its position in Intel Corporation (NASDAQ:INTC) by 55.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,024 shares of the chip maker’s stock after selling 14,879 shares during the quarter. Wealthsource Partners LLC’s holdings in Intel were worth $406,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in shares of Intel by 2.5% in the second quarter. Vanguard Group Inc. now owns 333,500,073 shares of the chip maker’s stock valued at $11,252,292,000 after acquiring an additional 8,087,302 shares during the period. Capital World Investors increased its position in shares of Intel by 5.5% in the second quarter. Capital World Investors now owns 197,750,361 shares of the chip maker’s stock valued at $6,672,097,000 after acquiring an additional 10,257,260 shares during the period. Capital Research Global Investors increased its position in shares of Intel by 9.1% in the second quarter. Capital Research Global Investors now owns 128,581,621 shares of the chip maker’s stock valued at $4,338,344,000 after acquiring an additional 10,744,753 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Intel by 0.4% in the second quarter. Dimensional Fund Advisors LP now owns 50,601,299 shares of the chip maker’s stock valued at $1,707,253,000 after acquiring an additional 177,919 shares during the period. Finally, Legal & General Group Plc increased its position in shares of Intel by 1.6% in the second quarter. Legal & General Group Plc now owns 25,508,803 shares of the chip maker’s stock valued at $860,658,000 after acquiring an additional 412,747 shares during the period. Hedge funds and other institutional investors own 67.69% of the company’s stock.

Shares of Intel Corporation (INTC) opened at $43.33 on Wednesday. Intel Corporation has a 52 week low of $33.23 and a 52 week high of $47.30. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.27 and a current ratio of 1.60. The company has a market cap of $202,878.00, a PE ratio of 13.63, a P/E/G ratio of 1.58 and a beta of 1.06.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, October 26th. The chip maker reported $1.01 EPS for the quarter, topping the consensus estimate of $0.80 by $0.21. The business had revenue of $16.15 billion for the quarter, compared to analyst estimates of $15.73 billion. Intel had a net margin of 22.31% and a return on equity of 22.65%. Intel’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.80 earnings per share. analysts expect that Intel Corporation will post 3.25 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Tuesday, November 7th were issued a $0.2725 dividend. The ex-dividend date of this dividend was Monday, November 6th. This represents a $1.09 annualized dividend and a yield of 2.52%. Intel’s dividend payout ratio (DPR) is presently 38.11%.

A number of equities analysts have issued reports on INTC shares. Credit Suisse Group restated an “outperform” rating on shares of Intel in a research report on Thursday, August 31st. Stifel Nicolaus lifted their target price on shares of Intel from $41.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, October 20th. Zacks Investment Research raised shares of Intel from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research note on Wednesday, September 6th. BidaskClub lowered shares of Intel from a “hold” rating to a “sell” rating in a research note on Friday, August 25th. Finally, Vetr raised shares of Intel from a “buy” rating to a “strong-buy” rating and set a $44.36 target price on the stock in a research note on Wednesday, October 11th. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $43.97.

In other Intel news, EVP Diane M. Bryant sold 1,639 shares of Intel stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $40.91, for a total value of $67,051.49. Following the completion of the transaction, the executive vice president now directly owns 113,086 shares of the company’s stock, valued at $4,626,348.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Brian M. Krzanich sold 61,860 shares of Intel stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $38.74, for a total transaction of $2,396,456.40. Following the completion of the transaction, the chief executive officer now directly owns 543,948 shares of the company’s stock, valued at $21,072,545.52. The disclosure for this sale can be found here. Insiders sold 1,548,914 shares of company stock valued at $68,196,589 over the last ninety days. Corporate insiders own 0.08% of the company’s stock.

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Intel 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 (NASDAQ:INTC)

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