Intel Corporation (INTC) Stake Increased by Hamlin Capital Management LLC

Hamlin Capital Management LLC lifted its holdings in Intel Corporation (NASDAQ:INTC) by 64.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,257,617 shares of the chip maker’s stock after purchasing an additional 883,525 shares during the quarter. Intel Corporation comprises about 3.2% of Hamlin Capital Management LLC’s portfolio, making the stock its 17th biggest position. Hamlin Capital Management LLC owned approximately 0.55% of Intel Corporation worth $76,172,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Murphy Capital Management Inc. boosted its position in shares of Intel Corporation by 18.4% in the 2nd quarter. Murphy Capital Management Inc. now owns 31,721 shares of the chip maker’s stock worth $1,070,000 after purchasing an additional 4,928 shares in the last quarter. Sigma Planning Corp boosted its position in shares of Intel Corporation by 0.5% in the 1st quarter. Sigma Planning Corp now owns 64,672 shares of the chip maker’s stock worth $2,333,000 after purchasing an additional 335 shares in the last quarter. Stockman Wealth Management Inc. boosted its position in shares of Intel Corporation by 2.3% in the 1st quarter. Stockman Wealth Management Inc. now owns 128,104 shares of the chip maker’s stock worth $4,621,000 after purchasing an additional 2,903 shares in the last quarter. Pillar Pacific Capital Management LLC boosted its position in shares of Intel Corporation by 0.4% in the 1st quarter. Pillar Pacific Capital Management LLC now owns 235,734 shares of the chip maker’s stock worth $8,503,000 after purchasing an additional 930 shares in the last quarter. Finally, GFS Advisors LLC boosted its position in shares of Intel Corporation by 9.2% in the 1st quarter. GFS Advisors LLC now owns 114,035 shares of the chip maker’s stock worth $4,114,000 after purchasing an additional 9,635 shares in the last quarter. 67.02% of the stock is owned by hedge funds and other institutional investors.

Shares of Intel Corporation (INTC) opened at 39.76 on Tuesday. Intel Corporation has a 12 month low of $33.23 and a 12 month high of $39.95. The firm has a 50-day moving average price of $37.23 and a 200-day moving average price of $35.94. The stock has a market cap of $186.83 billion, a price-to-earnings ratio of 15.18 and a beta of 1.07.

Intel Corporation (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, July 27th. The chip maker reported $0.72 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.04. The company had revenue of $14.76 billion for the quarter, compared to analyst estimates of $14.39 billion. Intel Corporation had a net margin of 20.60% and a return on equity of 21.86%. Intel Corporation’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter last year, the business earned $0.59 EPS. Equities analysts expect that Intel Corporation will post $3.01 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Tuesday, November 7th will be issued a $0.2725 dividend. The ex-dividend date is Monday, November 6th. This represents a $1.09 dividend on an annualized basis and a dividend yield of 2.74%. Intel Corporation’s dividend payout ratio (DPR) is presently 41.76%.

A number of equities analysts recently issued reports on the company. Zacks Investment Research lowered Intel Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. Credit Suisse Group restated an “outperform” rating on shares of Intel Corporation in a research note on Thursday, August 31st. Needham & Company LLC restated a “buy” rating and issued a $43.00 target price on shares of Intel Corporation in a research note on Wednesday, July 12th. BidaskClub lowered Intel Corporation from a “hold” rating to a “sell” rating in a research note on Friday, August 25th. Finally, Robert W. Baird restated an “outperform” rating and issued a $45.00 target price on shares of Intel Corporation in a research note on Tuesday, September 5th. Five equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. Intel Corporation currently has a consensus rating of “Hold” and a consensus price target of $40.91.

In other news, CEO Brian M. Krzanich sold 61,860 shares of the firm’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 transaction, the chief executive officer now owns 543,948 shares of the company’s stock, valued at approximately $21,072,545.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Diane M. Bryant sold 1,639 shares of the firm’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $34.65, for a total transaction of $56,791.35. Following the completion of the transaction, the executive vice president now directly owns 114,542 shares in the company, valued at approximately $3,968,880.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 81,608 shares of company stock worth $3,095,110. 0.08% of the stock is owned by company insiders.

TRADEMARK VIOLATION NOTICE: “Intel Corporation (INTC) Stake Increased by Hamlin Capital Management LLC” was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this piece on another pub

Other institutional investors have also bought and sold shares of the company. Murphy Capital Management Inc. boosted its position in shares of Intel Corporation by 18.4% in the 2nd quarter. Murphy Capital Management Inc. now owns 31,721 shares of the chip maker’s stock worth $1,070,000 after purchasing an additional 4,928 shares in the last quarter. Sigma Planning Corp boosted its position in shares of Intel Corporation by 0.5% in the 1st quarter. Sigma Planning Corp now owns 64,672 shares of the chip maker’s stock worth $2,333,000 after purchasing an additional 335 shares in the last quarter. Stockman Wealth Management Inc. boosted its position in shares of Intel Corporation by 2.3% in the 1st quarter. Stockman Wealth Management Inc. now owns 128,104 shares of the chip maker’s stock worth $4,621,000 after purchasing an additional 2,903 shares in the last quarter. Pillar Pacific Capital Management LLC boosted its position in shares of Intel Corporation by 0.4% in the 1st quarter. Pillar Pacific Capital Management LLC now owns 235,734 shares of the chip maker’s stock worth $8,503,000 after purchasing an additional 930 shares in the last quarter. Finally, GFS Advisors LLC boosted its position in shares of Intel Corporation by 9.2% in the 1st quarter. GFS Advisors LLC now owns 114,035 shares of the chip maker’s stock worth $4,114,000 after purchasing an additional 9,635 shares in the last quarter. 67.02% of the stock is owned by hedge funds and other institutional investors.

Shares of Intel Corporation (INTC) opened at 39.76 on Tuesday. Intel Corporation has a 12 month low of $33.23 and a 12 month high of $39.95. The firm has a 50-day moving average price of $37.23 and a 200-day moving average price of $35.94. The stock has a market cap of $186.83 billion, a price-to-earnings ratio of 15.18 and a beta of 1.07.

Intel Corporation (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, July 27th. The chip maker reported $0.72 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.04. The company had revenue of $14.76 billion for the quarter, compared to analyst estimates of $14.39 billion. Intel Corporation had a net margin of 20.60% and a return on equity of 21.86%. Intel Corporation’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter last year, the business earned $0.59 EPS. Equities analysts expect that Intel Corporation will post $3.01 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Tuesday, November 7th will be issued a $0.2725 dividend. The ex-dividend date is Monday, November 6th. This represents a $1.09 dividend on an annualized basis and a dividend yield of 2.74%. Intel Corporation’s dividend payout ratio (DPR) is presently 41.76%.

A number of equities analysts recently issued reports on the company. Zacks Investment Research lowered Intel Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. Credit Suisse Group restated an “outperform” rating on shares of Intel Corporation in a research note on Thursday, August 31st. Needham & Company LLC restated a “buy” rating and issued a $43.00 target price on shares of Intel Corporation in a research note on Wednesday, July 12th. BidaskClub lowered Intel Corporation from a “hold” rating to a “sell” rating in a research note on Friday, August 25th. Finally, Robert W. Baird restated an “outperform” rating and issued a $45.00 target price on shares of Intel Corporation in a research note on Tuesday, September 5th. Five equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. Intel Corporation currently has a consensus rating of “Hold” and a consensus price target of $40.91.

In other news, CEO Brian M. Krzanich sold 61,860 shares of the firm’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 transaction, the chief executive officer now owns 543,948 shares of the company’s stock, valued at approximately $21,072,545.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Diane M. Bryant sold 1,639 shares of the firm’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $34.65, for a total transaction of $56,791.35. Following the completion of the transaction, the executive vice president now directly owns 114,542 shares in the company, valued at approximately $3,968,880.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 81,608 shares of company stock worth $3,095,110. 0.08% of the stock is owned by company insiders.

TRADEMARK VIOLATION NOTICE: “Intel Corporation (INTC) Stake Increased by Hamlin Capital Management LLC” was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of U.S. and international copyright and trademark law. The correct version of this piece can be viewed at https://ledgergazette.com/2017/10/17/intel-corporation-intc-stake-increased-by-hamlin-capital-management-llc.html.

Intel Corporation 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 Corporation (NASDAQ:INTC)

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