Intel Corporation (INTC) : Buckingham Capital Management reduced its stake in Intel Corporation by 0.54% during the most recent quarter end. The investment management company now holds a total of 142,476 shares of Intel Corporation which is valued at $4,261,457 after selling 770 shares in Intel Corporation , the firm said in a disclosure report filed with the SEC on May 10, 2016.Intel Corporation makes up approximately 1.18% of Buckingham Capital Management’s portfolio.
Other Hedge Funds, Including , Secor Capital Advisors Lp added INTC to its portfolio by purchasing 24,249 company shares during the most recent quarter which is valued at $725,288. Intel Corporation makes up approx 0.14% of Secor Capital Advisors Lp’s portfolio.Loring Wolcott Coolidge Fiduciary Advisors Llpma reduced its stake in INTC by selling 1,375 shares or 0.56% in the most recent quarter. The Hedge Fund company now holds 242,445 shares of INTC which is valued at $7,341,235. Intel Corporation makes up approx 0.17% of Loring Wolcott Coolidge Fiduciary Advisors Llpma’s portfolio.Valicenti Advisory Services Inc boosted its stake in INTC in the latest quarter, The investment management firm added 7,056 additional shares and now holds a total of 162,495 shares of Intel Corporation which is valued at $4,920,349. Intel Corporation makes up approx 3.25% of Valicenti Advisory Services Inc’s portfolio.Baring Asset Management Ltd boosted its stake in INTC in the latest quarter, The investment management firm added 638 additional shares and now holds a total of 15,559 shares of Intel Corporation which is valued at $471,127. Intel Corporation makes up approx 0.04% of Baring Asset Management Ltd’s portfolio.
Intel Corporation opened for trading at $29.9 and hit $30.56 on the upside on Monday, eventually ending the session at $30.39, with a gain of 1.60% or 0.48 points. The heightened volatility saw the trading volume jump to 2,18,26,072 shares. Company has a market cap of $143,502 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. Credit Agricole Initiated Intel Corporation on May 17, 2016 to “Underperform”, Price Target of the shares are set at $30.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 .
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.