Stillwater Capital Advisors Lowers stake in Intel Corporation (INTC)

Intel Corporation (INTC) : Stillwater Capital Advisors reduced its stake in Intel Corporation by 1.15% during the most recent quarter end. The investment management company now holds a total of 362,992 shares of Intel Corporation which is valued at $11,419,728 after selling 4,230 shares in Intel Corporation , the firm said in a disclosure report filed with the SEC on Apr 11, 2016.Intel Corporation makes up approximately 3.32% of Stillwater Capital Advisors’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 , Central Trust Co boosted its stake in INTC in the latest quarter, The investment management firm added 5,317 additional shares and now holds a total of 385,647 shares of Intel Corporation which is valued at $12,132,455. Intel Corporation makes up approx 0.95% of Central Trust Co’s portfolio.First Premier Bank reduced its stake in INTC by selling 1,190 shares or 4.16% in the most recent quarter. The Hedge Fund company now holds 27,398 shares of INTC which is valued at $867,695. Intel Corporation makes up approx 0.70% of First Premier Bank’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.Indiana Trust Investment Management Co reduced its stake in INTC by selling 4,549 shares or 20.48% in the most recent quarter. The Hedge Fund company now holds 17,663 shares of INTC which is valued at $559,387. Intel Corporation makes up approx 0.31% of Indiana Trust Investment Management Co’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 $7,800,720. Intel Corporation makes up approx 1.69% of Beacon Financial Group’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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