Stonebridge Capital Management Inc Lowers stake in Intel Corporation (INTC)

Intel Corporation (INTC) : Stonebridge Capital Management Inc reduced its stake in Intel Corporation by 2.05% during the most recent quarter end. The investment management company now holds a total of 259,822 shares of Intel Corporation which is valued at $8,174,000 after selling 5,450 shares in Intel Corporation , the firm said in a disclosure report filed with the SEC on Apr 12, 2016.Intel Corporation makes up approximately 3.45% of Stonebridge Capital Management Inc’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 , Gofen Glossberg Il reduced its stake in INTC by selling 731 shares or 0.47% in the most recent quarter. The Hedge Fund company now holds 155,606 shares of INTC which is valued at $4,895,365. Intel Corporation makes up approx 0.21% of Gofen Glossberg Il’s portfolio.Elm Advisors reduced its stake in INTC by selling 425 shares or 2.31% in the most recent quarter. The Hedge Fund company now holds 18,010 shares of INTC which is valued at $566,595. Intel Corporation makes up approx 0.54% of Elm Advisors’s portfolio.Kessler Investment Group boosted its stake in INTC in the latest quarter, The investment management firm added 2,579 additional shares and now holds a total of 61,561 shares of Intel Corporation which is valued at $1,949,637. Intel Corporation makes up approx 2.94% of Kessler Investment Group’s portfolio.Curbstone Financial Management Corp reduced its stake in INTC by selling 2,090 shares or 2.2% in the most recent quarter. The Hedge Fund company now holds 92,726 shares of INTC which is valued at $2,936,632. Intel Corporation makes up approx 0.99% of Curbstone Financial Management Corp’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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