Intel Co. (INTC) Position Lessened by Hamlin Capital Management LLC
Hamlin Capital Management LLC reduced its holdings in shares of Intel Co. (NASDAQ:INTC) by 2.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,207,108 shares of the chip maker’s stock after selling 61,935 shares during the period. Intel comprises 3.9% of Hamlin Capital Management LLC’s portfolio, making the stock its 6th biggest position. Hamlin Capital Management LLC’s holdings in Intel were worth $101,880,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Janus Henderson Group PLC raised its position in Intel by 4,951.1% during the 2nd quarter. Janus Henderson Group PLC now owns 20,455,051 shares of the chip maker’s stock valued at $690,156,000 after purchasing an additional 20,050,088 shares in the last quarter. Capital Research Global Investors raised its position in Intel by 9.1% during the 2nd 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 in the last quarter. Capital World Investors raised its position in Intel by 5.5% during the 2nd 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 in the last quarter. Capital International Investors bought a new stake in Intel during the 3rd quarter valued at $339,563,000. Finally, Vanguard Group Inc. raised its position in Intel by 2.5% during the 2nd 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 in the last quarter. 69.02% of the stock is owned by hedge funds and other institutional investors.
In other Intel news, CEO Brian M. Krzanich sold 5,873 shares of the business’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $45.58, for a total transaction of $267,691.34. Following the sale, the chief executive officer now owns 259,082 shares in the company, valued at approximately $11,808,957.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Venkata S. M. Renduchintala sold 17,946 shares of the company’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $49.07, for a total value of $880,610.22. Following the completion of the sale, the insider now owns 1,536 shares in the company, valued at approximately $75,371.52. The disclosure for this sale can be found here. In the last quarter, insiders have sold 123,914 shares of company stock worth $6,011,490. Company insiders own 0.03% of the company’s stock.
Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, January 25th. The chip maker reported $1.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.22. The business had revenue of $17.05 billion for the quarter, compared to the consensus estimate of $16.34 billion. Intel had a return on equity of 24.33% and a net margin of 15.30%. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.79 EPS. research analysts forecast that Intel Co. will post 3.54 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Monday, May 7th will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, May 4th. This represents a $1.20 annualized dividend and a yield of 2.29%. Intel’s payout ratio is presently 34.68%.
A number of equities research analysts have weighed in on INTC shares. JPMorgan Chase set a $53.00 target price on Intel and gave the company a “buy” rating in a research report on Thursday, January 4th. Oppenheimer reaffirmed a “hold” rating on shares of Intel in a research report on Thursday, January 4th. BidaskClub raised Intel from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 9th. Stifel Nicolaus lifted their target price on Intel from $50.00 to $53.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Finally, Robert W. Baird set a $60.00 target price on Intel and gave the company a “buy” rating in a research report on Friday, January 26th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty-six have given a buy rating and two have assigned a strong buy rating to the stock. Intel has a consensus rating of “Buy” and a consensus target price of $50.87.
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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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