Keybank National Associationoh buys $141.8 Million stake in Intel Corporation (INTC)

Intel Corporation (INTC) : Keybank National Associationoh scooped up 11,875 additional shares in Intel Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 4,739,676 shares of Intel Corporation which is valued at $141.8 Million.Intel Corporation makes up approximately 0.95% of Keybank National Associationoh’s portfolio.

Other Hedge Funds, Including , Savant Capital reduced its stake in INTC by selling 2,130 shares or 5.4% in the most recent quarter. The Hedge Fund company now holds 37,343 shares of INTC which is valued at $1.1 Million. Intel Corporation makes up approx 0.35% of Savant Capital’s portfolio. Palouse Capital Management added INTC to its portfolio by purchasing 126,563 company shares during the most recent quarter which is valued at $3.8 Million. Intel Corporation makes up approx 1.57% of Palouse Capital Management’s portfolio.Lba Wealth Management reduced its stake in INTC by selling 593 shares or 1.39% in the most recent quarter. The Hedge Fund company now holds 42,046 shares of INTC which is valued at $1.3 Million. Intel Corporation makes up approx 0.73% of Lba Wealth Management’s portfolio.Ntv Asset Management boosted its stake in INTC in the latest quarter, The investment management firm added 12 additional shares and now holds a total of 29,578 shares of Intel Corporation which is valued at $888,523. Intel Corporation makes up approx 0.34% of Ntv Asset Management’s portfolio.

Intel Corporation opened for trading at $29.9 and hit $30.56 on the upside on Monday, eventually ending the session at $30.39, with a gain of 1.60% or 0.48 points. The heightened volatility saw the trading volume jump to 2,18,26,072 shares. Company has a market cap of $143,502 M.

On the company’s financial health, Intel Corporation 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.

Many Wall Street Analysts have commented on Intel Corporation. Credit Agricole Initiated Intel Corporation on May 17, 2016 to “Underperform”, Price Target of the shares are set at $30.Intel Corporation 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 .

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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