Intel Corporation (INTC) : Financial Advisory Service reduced its stake in Intel Corporation by 11.09% during the most recent quarter end. The investment management company now holds a total of 28,264 shares of Intel Corporation which is valued at $849,051 after selling 3,524 shares in Intel Corporation , the firm said in a disclosure report filed with the SEC on May 3, 2016.Intel Corporation makes up approximately 0.43% of Financial Advisory Service’s portfolio.
Other Hedge Funds, Including , Northern Oak Wealth Management Inc boosted its stake in INTC in the latest quarter, The investment management firm added 205 additional shares and now holds a total of 49,425 shares of Intel Corporation which is valued at $1,484,727. Intel Corporation makes up approx 0.34% of Northern Oak Wealth Management Inc’s portfolio.Btc Capital Management reduced its stake in INTC by selling 2,543 shares or 2.58% in the most recent quarter. The Hedge Fund company now holds 96,173 shares of INTC which is valued at $2,889,037. Intel Corporation makes up approx 0.67% of Btc Capital Management’s portfolio. Sawtooth Asset Management sold out all of its stake in INTC during the most recent quarter. The investment firm sold 27,541 shares of INTC which is valued $833,941.First Manhattan Co reduced its stake in INTC by selling 13,973 shares or 2.82% in the most recent quarter. The Hedge Fund company now holds 481,549 shares of INTC which is valued at $15,236,210. Intel Corporation makes up approx 0.09% of First Manhattan Co’s portfolio.St Germain D J Co Inc reduced its stake in INTC by selling 1,202 shares or 1.35% in the most recent quarter. The Hedge Fund company now holds 87,636 shares of INTC which is valued at $2,772,803. Intel Corporation makes up approx 0.39% of St Germain D J Co Inc’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.