Hamel Associates buys $4,727,004 stake in Intel Corporation (INTC)

Intel Corporation (INTC) : Hamel Associates scooped up 325 additional shares in Intel Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 2, 2016. The investment management firm now holds a total of 157,357 shares of Intel Corporation which is valued at $4,727,004.Intel Corporation makes up approximately 2.51% of Hamel Associates’s portfolio.

Intel Corporation opened for trading at $29.61 and hit $30.11 on the upside on Friday, eventually ending the session at $30.04, with a gain of 0.47% or 0.14 points. The heightened volatility saw the trading volume jump to 1,96,32,199 shares. Company has a market cap of $141,849 M.

Other Hedge Funds, Including , Court Place Advisors boosted its stake in INTC in the latest quarter, The investment management firm added 1,841 additional shares and now holds a total of 123,347 shares of Intel Corporation which is valued at $3,705,344. Intel Corporation makes up approx 2.30% of Court Place Advisors’s portfolio.Tocqueville Asset Management reduced its stake in INTC by selling 114,586 shares or 6.16% in the most recent quarter. The Hedge Fund company now holds 1,746,110 shares of INTC which is valued at $52,872,211. Intel Corporation makes up approx 0.68% of Tocqueville Asset Management’s portfolio.Rand Wealth boosted its stake in INTC in the latest quarter, The investment management firm added 3,091 additional shares and now holds a total of 311,386 shares of Intel Corporation which is valued at $9,428,768. Intel Corporation makes up approx 1.30% of Rand Wealth’s portfolio. Quantbot Technologies Lp added INTC to its portfolio by purchasing 8,278 company shares during the most recent quarter which is valued at $250,658. Intel Corporation makes up approx 0.04% of Quantbot Technologies Lp’s portfolio.Centurylink Investment Management Co reduced its stake in INTC by selling 5,088 shares or 4.52% in the most recent quarter. The Hedge Fund company now holds 107,416 shares of INTC which is valued at $3,398,642. Intel Corporation makes up approx 1.21% of Centurylink Investment Management Co’s portfolio.

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.

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