Intel Corporation (INTC) : Pacwest Financial Management Inc scooped up 11,451 additional shares in Intel Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 25, 2016. The investment management firm now holds a total of 98,033 shares of Intel Corporation which is valued at $2,968,439.Intel Corporation makes up approximately 1.91% of Pacwest Financial Management Inc’s portfolio.
Intel Corporation opened for trading at $30.45 and hit $30.69 on the upside on Monday, eventually ending the session at $30.61, with a gain of 1.09% or 0.33 points. The heightened volatility saw the trading volume jump to 2,10,86,632 shares. Company has a market cap of $144,602 M.
Other Hedge Funds, Including , Integrated Wealth Management reduced its stake in INTC by selling 2,650 shares or 3.4% in the most recent quarter. The Hedge Fund company now holds 75,295 shares of INTC which is valued at $2,382,334. Intel Corporation makes up approx 1.00% of Integrated Wealth Management’s portfolio.Norris Perne French Llpmi reduced its stake in INTC by selling 15,210 shares or 67.74% in the most recent quarter. The Hedge Fund company now holds 7,245 shares of INTC which is valued at $229,232. Intel Corporation makes up approx 0.05% of Norris Perne French Llpmi’s portfolio.Davis R M Inc reduced its stake in INTC by selling 2,980 shares or 17.05% in the most recent quarter. The Hedge Fund company now holds 14,493 shares of INTC which is valued at $458,559. Intel Corporation makes up approx 0.02% of Davis R M Inc’s portfolio.Culbertson A N Co Inc boosted its stake in INTC in the latest quarter, The investment management firm added 221 additional shares and now holds a total of 160,001 shares of Intel Corporation which is valued at $5,033,631. Intel Corporation makes up approx 1.93% of Culbertson A N Co Inc’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.
Investors should note that on Mar 17, 2016, Intel Corporation announced a cash dividend of $0.2600. The company’s management has announced May 5, 2016 as the ex-dividend date and fixed the record date on May 7, 2016. The payable date has been fixed on Jun 1, 2016.
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.