Diligent Investors Lowers stake in Intel Corporation (INTC)

Intel Corporation (INTC) : Diligent Investors reduced its stake in Intel Corporation by 0.37% during the most recent quarter end. The investment management company now holds a total of 79,868 shares of Intel Corporation which is valued at $2,388,852 after selling 300 shares in Intel Corporation , the firm said in a disclosure report filed with the SEC on May 9, 2016.Intel Corporation makes up approximately 2.62% of Diligent Investors’s portfolio.

Other Hedge Funds, Including , Alpine Woods Capital Investors reduced its stake in INTC by selling 13,500 shares or 4.52% in the most recent quarter. The Hedge Fund company now holds 285,084 shares of INTC which is valued at $8,526,862. Intel Corporation makes up approx 0.50% of Alpine Woods Capital Investors’s portfolio. Regis Management Co sold out all of its stake in INTC during the most recent quarter. The investment firm sold 14,615 shares of INTC which is valued $439,035.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.S&co Inc reduced its stake in INTC by selling 2,135 shares or 0.76% in the most recent quarter. The Hedge Fund company now holds 280,630 shares of INTC which is valued at $8,497,476. Intel Corporation makes up approx 1.36% of S&co Inc’s portfolio.Jfs Wealth Advisors reduced its stake in INTC by selling 291 shares or 13.85% in the most recent quarter. The Hedge Fund company now holds 1,810 shares of INTC which is valued at $54,807. Intel Corporation makes up approx 0.02% of Jfs Wealth Advisors’s portfolio.

Intel Corporation opened for trading at $29.86 and hit $30.2 on the upside on Friday, eventually ending the session at $29.91, with a gain of 0.50% or 0.15 points. The heightened volatility saw the trading volume jump to 1,99,99,591 shares. Company has a market cap of $141,235 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 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.

Leave a Reply

Intel Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on Intel Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.