Tufton Capital Management Lowers stake in Intel Corporation (INTC)

Intel Corporation (INTC) : Tufton Capital Management reduced its stake in Intel Corporation by 0.67% during the most recent quarter end. The investment management company now holds a total of 315,970 shares of Intel Corporation which is valued at $9,940,416 after selling 2,132 shares in Intel Corporation , the firm said in a disclosure report filed with the SEC on Apr 13, 2016.Intel Corporation makes up approximately 2.46% of Tufton Capital Management’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 , Amarillo National Bank boosted its stake in INTC in the latest quarter, The investment management firm added 37 additional shares and now holds a total of 14,739 shares of Intel Corporation which is valued at $463,689. Intel Corporation makes up approx 0.33% of Amarillo National Bank’s portfolio.Blue Bell Private Wealth Management boosted its stake in INTC in the latest quarter, The investment management firm added 7,870 additional shares and now holds a total of 19,514 shares of Intel Corporation which is valued at $613,910. Intel Corporation makes up approx 0.41% of Blue Bell Private Wealth Management’s portfolio.Oakwood Capital Managementca boosted its stake in INTC in the latest quarter, The investment management firm added 6,650 additional shares and now holds a total of 164,965 shares of Intel Corporation which is valued at $5,189,799. Intel Corporation makes up approx 1.36% of Oakwood Capital Managementca’s portfolio.Exxonmobil Investment Management Inc Tx boosted its stake in INTC in the latest quarter, The investment management firm added 92,454 additional shares and now holds a total of 1,150,179 shares of Intel Corporation which is valued at $36,184,631. Intel Corporation makes up approx 0.82% of Exxonmobil Investment Management Inc Tx’s portfolio.Beese Fulmer Investment Management boosted its stake in INTC in the latest quarter, The investment management firm added 3,444 additional shares and now holds a total of 80,646 shares of Intel Corporation which is valued at $2,537,123. Intel Corporation makes up approx 0.73% of Beese Fulmer Investment Management’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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