Founders Capital Management buys $8.3 Million stake in Intel Corporation (INTC)

Intel Corporation (INTC) : Founders Capital Management scooped up 520 additional shares in Intel Corporation during the most recent quarter end , according to a recent disclosure to the SEC on Apr 5, 2016. The investment management firm now holds a total of 261,133 shares of Intel Corporation which is valued at $8.3 Million.Intel Corporation makes up approximately 4.83% of Founders Capital Management’s portfolio.

Other Hedge Funds, Including , First National Bank Of Mount Dora Trust Investment Services boosted its stake in INTC in the latest quarter, The investment management firm added 5,913 additional shares and now holds a total of 118,499 shares of Intel Corporation which is valued at $3.8 Million. Intel Corporation makes up approx 2.22% of First National Bank Of Mount Dora Trust Investment Services’s portfolio.Pensionfund Dsm Netherlands boosted its stake in INTC in the latest quarter, The investment management firm added 9,200 additional shares and now holds a total of 236,300 shares of Intel Corporation which is valued at $7.5 Million. Intel Corporation makes up approx 1.02% of Pensionfund Dsm Netherlands’s portfolio.Pensionfund Sabic reduced its stake in INTC by selling 2,300 shares or 2.04% in the most recent quarter. The Hedge Fund company now holds 110,700 shares of INTC which is valued at $3.5 Million. Intel Corporation makes up approx 1.07% of Pensionfund Sabic’s portfolio.Beacon Financial Group boosted its stake in INTC in the latest quarter, The investment management firm added 233,212 additional shares and now holds a total of 240,392 shares of Intel Corporation which is valued at $7.8 Million. Intel Corporation makes up approx 1.69% of Beacon Financial Group’s portfolio.Cacti Asset Management boosted its stake in INTC in the latest quarter, The investment management firm added 750 additional shares and now holds a total of 92,900 shares of Intel Corporation which is valued at $3 Million. Intel Corporation makes up approx 0.32% of Cacti Asset Management’s portfolio.

On the company’s financial health, Intel Corporation reported $0.74 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on Jan 14, 2016. Analyst had a consensus of $0.63. The company had revenue of $14914.00 million for the quarter, compared to analysts expectations of $14801.83 million. The company’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.74 EPS.

Investors should note that on Mar 17, 2016, Intel Corporation announced a cash dividend of $0.2600. The company’s management has announced May 5, 2016 as the ex-dividend date and fixed the record date on May 7, 2016. The payable date has been fixed on Jun 1, 2016.

Many Wall Street Analysts have commented on Intel Corporation. Shares were Reiterated by Wedbush on Apr 15, 2016 to “Outperform” and Lowered the Price Target to $ 39 from a previous price target of $41 .Intel Corporation was Initiated by Brean Capital to “Buy” on Apr 7, 2016. Intel Corporation was Downgraded by Exane BNP Paribas to ” Neutral” on Apr 4, 2016.

Intel Corporation opened for trading at $31.9 and hit $32.34 on the upside on Monday, eventually ending the session at $31.67, with a gain of 0.13% or 0.04 points. The heightened volatility saw the trading volume jump to 1,97,07,683 shares. Company has a market cap of $149,609 M.

Intel Corporation is engaged in the design and manufacture of digital technology platforms. The Company sells these platforms to original equipment manufacturers (OEMs) original design manufacturers (ODMs) and industrial and communications equipment manufacturers in the computing and communications industries. The Company’s platforms are used to deliver a range of computing experiences in notebooks 2 in 1 systems desktops servers tablets smartphones and the Internet of Things. It also develops and sells software and services focused on security and technology integration. The Company’s operating segments include the PC Client Group (PCCG) the Data Center Group (DCG) the Internet of Things Group (IOTG) the Mobile and Communications Group (MCG) the software and services (SSG) and all other. SSG segment includes McAfee and software and services group. All Other segment includes Non-Volatile Memory Solutions Group Netbook Group and New Devices Group.

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