Intel Corporation (INTC) : Oregon Public Employees Retirement Fund scooped up 22,920 additional shares in Intel Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 14, 2016. The investment management firm now holds a total of 1,248,520 shares of Intel Corporation which is valued at $39,278,439.Intel Corporation makes up approximately 0.89% of Oregon Public Employees Retirement Fund’s portfolio.
Intel Corporation opened for trading at $31.43 and hit $31.72 on the upside on Monday, eventually ending the session at $31.65, with a gain of 0.60% or 0.19 points. The heightened volatility saw the trading volume jump to 2,15,66,599 shares. Company has a market cap of $149,515 M.
Other Hedge Funds, Including , Jaffetilchin Investment Partners reduced its stake in INTC by selling 8,610 shares or 53.28% in the most recent quarter. The Hedge Fund company now holds 7,551 shares of INTC which is valued at $237,554. Intel Corporation makes up approx 0.07% of Jaffetilchin Investment Partners’s portfolio. Maple Securities Usa Inc sold out all of its stake in INTC during the most recent quarter. The investment firm sold 37,409 shares of INTC which is valued $1,176,887.Lau Associates reduced its stake in INTC by selling 3,000 shares or 1.96% in the most recent quarter. The Hedge Fund company now holds 150,098 shares of INTC which is valued at $4,722,083. Intel Corporation makes up approx 4.80% of Lau Associates’s portfolio.Lvm Capital Management Ltdmi reduced its stake in INTC by selling 10,150 shares or 4.38% in the most recent quarter. The Hedge Fund company now holds 221,338 shares of INTC which is valued at $7,009,774. Intel Corporation makes up approx 2.23% of Lvm Capital Management Ltdmi’s portfolio.
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.
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 Companys 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 Companys 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.