Hamlin Capital Management LLC raised its holdings in Intel Co. (NASDAQ:INTC) by 0.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,269,043 shares of the chip maker’s stock after acquiring an additional 11,426 shares during the quarter. Intel comprises approximately 3.5% of Hamlin Capital Management LLC’s holdings, making the stock its 11th largest position. Hamlin Capital Management LLC’s holdings in Intel were worth $86,405,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised 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 purchasing an additional 8,087,302 shares during the period. Capital World Investors raised 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 purchasing an additional 10,257,260 shares during the period. Capital Research Global Investors raised 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 purchasing an additional 10,744,753 shares during the period. Dimensional Fund Advisors LP raised 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 purchasing an additional 177,919 shares during the period. Finally, Legal & General Group Plc raised 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 purchasing an additional 412,747 shares during the period. Hedge funds and other institutional investors own 67.55% of the company’s stock.
In other news, CEO Brian M. Krzanich sold 61,860 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were 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 in the company, valued at approximately $21,072,545.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Andy D. Bryant sold 89,087 shares of the business’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $44.80, for a total transaction of $3,991,097.60. Following the completion of the sale, the chairman now owns 428,789 shares in the company, valued at approximately $19,209,747.20. The disclosure for this sale can be found here. Insiders sold a total of 1,548,914 shares of company stock worth $68,196,589 in the last three months. Insiders own 0.08% of the company’s stock.
Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.21. The firm 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%. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.80 EPS. equities research analysts forecast that Intel Co. will post 3.25 earnings per share for the current fiscal year.
INTC has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Intel from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research report on Wednesday, September 6th. ValuEngine lowered shares of Intel from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Credit Suisse Group reissued an “outperform” rating on shares of Intel in a research report on Thursday, August 31st. Stifel Nicolaus lifted their price target on shares of Intel from $41.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, October 20th. Finally, Sanford C. Bernstein set a $34.00 target price on shares of Intel and gave the stock a “sell” rating in a research report on Friday, October 27th. Five equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $43.94.
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Intel Company 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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