Intel Corporation (INTC) : Armbruster Capital Management scooped up 12,900 additional shares in Intel Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 3, 2016. The investment management firm now holds a total of 27,896 shares of Intel Corporation which is valued at $837,996.Intel Corporation makes up approximately 0.57% of Armbruster Capital Management’s portfolio.
Other Hedge Funds, Including , Marble Harbor Investment Counsel reduced its stake in INTC by selling 1,461 shares or 2.07% in the most recent quarter. The Hedge Fund company now holds 69,174 shares of INTC which is valued at $2,077,987. Intel Corporation makes up approx 0.52% of Marble Harbor Investment Counsel’s portfolio.Caz Investments Lp boosted its stake in INTC in the latest quarter, The investment management firm added 2,210 additional shares and now holds a total of 34,980 shares of Intel Corporation which is valued at $1,050,799. Intel Corporation makes up approx 2.86% of Caz Investments Lp’s portfolio.Annex Advisory Services boosted its stake in INTC in the latest quarter, The investment management firm added 15,670 additional shares and now holds a total of 22,077 shares of Intel Corporation which is valued at $663,193. Intel Corporation makes up approx 0.19% of Annex Advisory Services’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in INTC in the latest quarter, The investment management firm added 2,116,050 additional shares and now holds a total of 4,306,450 shares of Intel Corporation which is valued at $136,256,078. Intel Corporation makes up approx 0.56% of Bnp Paribas Arbitrage Sa’s portfolio.Ronna Sue Cohen boosted its stake in INTC in the latest quarter, The investment management firm added 6,858 additional shares and now holds a total of 106,372 shares of Intel Corporation which is valued at $3,365,610. Intel Corporation makes up approx 2.82% of Ronna Sue Cohen’s portfolio.
Intel Corporation opened for trading at $30 and hit $30.18 on the upside on Tuesday, eventually ending the session at $30.14, with a gain of 1.14% or 0.34 points. The heightened volatility saw the trading volume jump to 1,70,13,816 shares. Company has a market cap of $142,321 M.
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.
Many Wall Street Analysts have commented on Intel Corporation. Intel Corporation was Downgraded by Northland Capital to ” Market Perform” on Apr 20, 2016. Company shares were Reiterated by Jefferies on Apr 20, 2016 to “Buy”, Firm has raised the Price Target to $ 42 from a previous price target of $39 .Shares were Reiterated by Cowen on Apr 20, 2016 to “Market Perform” and Lowered the Price Target to $ 32 from a previous price target of $33 .
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.