Eagle Ridge Investment Management buys $11,037,867 stake in INTEL CORP COM (INTC)

INTEL CORP COM (INTC) : Eagle Ridge Investment Management scooped up 3,320 additional shares in INTEL CORP COM during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 348,858 shares of INTEL CORP COM which is valued at $11,037,867.INTEL CORP COM makes up approximately 2.53% of Eagle Ridge Investment Management’s portfolio.

INTEL CORP COM opened for trading at $31.25 and hit $31.8 on the upside on Wednesday, eventually ending the session at $31.75, with a gain of 1.11% or 0.35 points. The heightened volatility saw the trading volume jump to 2,00,06,239 shares. Company has a market cap of $149,987 M.

Other Hedge Funds, Including , Strs Ohio sold out all of its stake in INTC during the most recent quarter. The investment firm sold 3,784,080 shares of INTC which is valued $119,728,291.Hhg Company reduced its stake in INTC by selling 1,872 shares or 4.34% in the most recent quarter. The Hedge Fund company now holds 41,288 shares of INTC which is valued at $1,306,352. INTEL CORP COM makes up approx 0.36% of Hhg Company’s portfolio.Lynch Associatesin boosted its stake in INTC in the latest quarter, The investment management firm added 6,305 additional shares and now holds a total of 151,042 shares of INTEL CORP COM which is valued at $4,751,781. INTEL CORP COM makes up approx 2.23% of Lynch Associatesin’s portfolio.Burns J W Co Incny reduced its stake in INTC by selling 958 shares or 2.95% in the most recent quarter. The Hedge Fund company now holds 31,527 shares of INTC which is valued at $998,460. INTEL CORP COM makes up approx 0.32% of Burns J W Co Incny’s portfolio.Rathbone Brothers Plc reduced its stake in INTC by selling 27,722 shares or 3.77% in the most recent quarter. The Hedge Fund company now holds 708,285 shares of INTC which is valued at $22,431,386. INTEL CORP COM makes up approx 1.38% of Rathbone Brothers Plc’s portfolio.

On the company’s financial health, INTEL CORP COM reported $0.54 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Apr 19, 2016. Analyst had a consensus of $0.48. The company had revenue of $13801.00 million for the quarter, compared to analysts expectations of $13826.41 million. The company’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 EPS.

Investors should note that on Mar 17, 2016, INTEL CORP COM 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 CORP COM. INTEL CORP COM was Downgraded by Northland Capital to ” Market Perform” on Apr 20, 2016. Company shares were Reiterated by Jefferies on Apr 20, 2016 to “Buy”, Firm has raised the Price Target to $ 42 from a previous price target of $39 .Shares were Reiterated by Cowen on Apr 20, 2016 to “Market Perform” and Lowered the Price Target to $ 32 from a previous price target of $33 .

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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