Welch Group LLC Has Increased Its Intel Corp (INTC) Holding by $5.32 Million; Shares Rose

September 8, 2018 - By Billy Entrekin

Intel Corporation (NASDAQ:INTC) LogoInvestors sentiment decreased to 0.76 in 2018 Q1. Its down 0.26, from 1.02 in 2017Q4. It worsened, as 76 investors sold INTC shares while 796 reduced holdings. 131 funds opened positions while 531 raised stakes. 3.00 billion shares or 1.96% less from 3.06 billion shares in 2017Q4 were reported. Balyasny Asset Mgmt Ltd Limited Liability Company holds 968,065 shares or 0.21% of its portfolio. Pittenger Anderson Incorporated reported 133,588 shares. Fort Point Prtn Ltd Llc has invested 0.31% in Intel Corporation (NASDAQ:INTC). Nuveen Asset Management Lc stated it has 1.04M shares. Thomaspartners Inc invested in 5.88 million shares or 2.24% of the stock. Wedgewood Incorporated Pa invested in 1.03% or 23,079 shares. Factory Mutual Commerce holds 0.46% or 813,300 shares in its portfolio. Legacy Cap Incorporated owns 135,530 shares or 3.54% of their US portfolio. Steinberg Asset Mngmt accumulated 131,518 shares. Baldwin Brothers Inc Ma holds 4,789 shares. Cornerstone Advsrs Inc has 293,700 shares. Eagle Ridge Inv reported 366,841 shares. South Dakota Inv Council holds 1.04 million shares or 1.24% of its portfolio. Capital Advisors Ok reported 65,918 shares stake. Hilltop Holdings Incorporated has 0.17% invested in Intel Corporation (NASDAQ:INTC).

Since April 23, 2018, it had 0 insider purchases, and 12 sales for $5.17 million activity. Shares for $1.07M were sold by HUNDT REED E on Tuesday, May 8. On Tuesday, May 8 the insider YOFFIE DAVID B sold $1.33M. 601 shares valued at $31,366 were sold by Shenoy Navin on Friday, April 27. $1.89 million worth of Intel Corporation (NASDAQ:INTC) was sold by BRYANT ANDY D on Tuesday, May 8. 3,072 shares valued at $162,134 were sold by Krzanich Brian M on Tuesday, May 1. Rodgers Steven Ralph sold $116,028 worth of stock or 2,213 shares.

Welch Group Llc increased its stake in Intel Corp (INTC) by 21.33% based on its latest 2018Q1 regulatory filing with the SEC. Welch Group Llc bought 102,237 shares as the company’s stock rose 12.89% while stock markets declined. The institutional investor held 581,594 shares of the semiconductors company at the end of 2018Q1, valued at $30.29 million, up from 479,357 at the end of the previous reported quarter. Welch Group Llc who had been investing in Intel Corp for a number of months, seems to be bullish on the $214.18B market cap company. The stock decreased 1.71% or $0.81 during the last trading session, reaching $46.45. About 19.59 million shares traded. Intel Corporation (NASDAQ:INTC) has risen 52.90% since September 8, 2017 and is uptrending. It has outperformed by 40.33% the S&P500.

Welch Group Llc, which manages about $645.12M and $789.75M US Long portfolio, decreased its stake in S P D R Trust Unit Sr (SPY) by 15,703 shares to 31,630 shares, valued at $8.32 million in 2018Q1, according to the filing.

More notable recent Intel Corporation (NASDAQ:INTC) news were published by: Nasdaq.com which released: “Friday’s Vital Data: Advanced Micro Devices, Micron Technology and Twitter” on September 07, 2018, also Seekingalpha.com with their article: “Intel: A Good Time To Hedge With AMD” published on August 29, 2018, Nasdaq.com published: “The 5 Top Trades for Wednesday” on September 05, 2018. More interesting news about Intel Corporation (NASDAQ:INTC) were released by: Seekingalpha.com and their article: “Intel’s Challenging Investment” published on September 04, 2018 as well as Fool.com‘s news article titled: “Is It Too Late to Buy Advanced Micro Devices?” with publication date: September 07, 2018.

Intel Corporation (NASDAQ:INTC) Ratings Coverage

Among 32 analysts covering Intel Corp (NASDAQ:INTC), 14 have Buy rating, 5 Sell and 13 Hold. Therefore 44% are positive. Intel Corp has $70 highest and $42 lowest target. $55.91’s average target is 20.37% above currents $46.45 stock price. Intel Corp had 67 analyst reports since March 12, 2018 according to SRatingsIntel. The firm has “Buy” rating by FBR Capital given on Friday, April 20. On Friday, July 27 the stock rating was maintained by Stifel Nicolaus with “Hold”. The stock of Intel Corporation (NASDAQ:INTC) earned “Hold” rating by Northland Capital on Friday, March 16. The stock has “Neutral” rating by Citigroup on Friday, July 27. The stock of Intel Corporation (NASDAQ:INTC) has “Equal-Weight” rating given on Friday, June 22 by Morgan Stanley. Evercore maintained Intel Corporation (NASDAQ:INTC) on Tuesday, April 3 with “Buy” rating. As per Thursday, April 19, the company rating was maintained by Barclays Capital. Jefferies maintained Intel Corporation (NASDAQ:INTC) on Friday, July 27 with “Underperform” rating. Summit Insights Group downgraded the shares of INTC in report on Friday, July 27 to “Hold” rating. The firm has “Buy” rating given on Wednesday, April 18 by Bank of America.

Intel Corporation (NASDAQ:INTC) Institutional Positions Chart

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