Banced Corp buys $1,384,083 stake in Intel Corporation (INTC)

Intel Corporation (INTC) : Banced Corp scooped up 2,343 additional shares in Intel Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 12, 2016. The investment management firm now holds a total of 43,995 shares of Intel Corporation which is valued at $1,384,083.Intel Corporation makes up approximately 2.40% of Banced Corp’s portfolio.

Intel Corporation closed down -0.34 points or -1.07% at $31.46 with 2,87,82,769 shares getting traded on Friday. Post opening the session at $31.79, the shares hit an intraday low of $31.38 and an intraday high of $31.885 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Wunderlich Securities sold out all of its stake in INTC during the most recent quarter. The investment firm sold 7,304 shares of INTC which is valued $229,784.Iron Financial boosted its stake in INTC in the latest quarter, The investment management firm added 530 additional shares and now holds a total of 18,010 shares of Intel Corporation which is valued at $566,595. Intel Corporation makes up approx 0.78% of Iron Financial’s portfolio.Catawba Capital Management Va boosted its stake in INTC in the latest quarter, The investment management firm added 9,445 additional shares and now holds a total of 157,649 shares of Intel Corporation which is valued at $4,992,744. Intel Corporation makes up approx 1.28% of Catawba Capital Management Va’s portfolio.Cardinal Capital Management reduced its stake in INTC by selling 17,790 shares or 4.68% in the most recent quarter. The Hedge Fund company now holds 362,325 shares of INTC which is valued at $11,474,833. Intel Corporation makes up approx 1.31% of Cardinal Capital Management’s portfolio.Hollencrest Securities boosted its stake in INTC in the latest quarter, The investment management firm added 2,211 additional shares and now holds a total of 72,054 shares of Intel Corporation which is valued at $2,281,950. Intel Corporation makes up approx 0.40% of Hollencrest Securities’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 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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