Retirement Design Management Inc Adv Lowers stake in Intel Corporation (INTC)

Intel Corporation (INTC) : Retirement Design Management Inc Adv reduced its stake in Intel Corporation by 4.08% during the most recent quarter end. The investment management company now holds a total of 38,600 shares of Intel Corporation which is valued at $1.2 Million after selling 1,640 shares in Intel Corporation , the firm said in a disclosure report filed with the SEC on May 12, 2016.Intel Corporation makes up approximately 0.83% of Retirement Design Management Inc Adv’s portfolio.

Other Hedge Funds, Including , Willis Investment Counsel boosted its stake in INTC in the latest quarter, The investment management firm added 52,934 additional shares and now holds a total of 746,544 shares of Intel Corporation which is valued at $22.3 Million. Intel Corporation makes up approx 1.96% of Willis Investment Counsel’s portfolio.Investors Capital Advisory Services reduced its stake in INTC by selling 2,486 shares or 6.08% in the most recent quarter. The Hedge Fund company now holds 38,383 shares of INTC which is valued at $1.1 Million. Intel Corporation makes up approx 0.23% of Investors Capital Advisory Services’s portfolio.Cornerstone Financial Partners boosted its stake in INTC in the latest quarter, The investment management firm added 25,338 additional shares and now holds a total of 53,290 shares of Intel Corporation which is valued at $1.6 Million. Intel Corporation makes up approx 0.62% of Cornerstone Financial Partners’s portfolio.Ifc Holdings Incorporatedfl reduced its stake in INTC by selling 6,113 shares or 15.45% in the most recent quarter. The Hedge Fund company now holds 33,451 shares of INTC which is valued at $1 Million. Intel Corporation makes up approx 0.13% of Ifc Holdings Incorporatedfl’s portfolio.Princeton Capital Management Inc boosted its stake in INTC in the latest quarter, The investment management firm added 495 additional shares and now holds a total of 93,088 shares of Intel Corporation which is valued at $2.8 Million. Intel Corporation makes up approx 1.98% of Princeton Capital Management Inc’s portfolio.

Intel Corporation opened for trading at $29.73 and hit $30.38 on the upside on Friday, eventually ending the session at $30.15, with a gain of 1.75% or 0.52 points. The heightened volatility saw the trading volume jump to 2,27,77,251 shares. Company has a market cap of $142,368 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 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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