Vaughan David Investments Incil buys $27.1 Million stake in Intel Corporation (INTC)

Intel Corporation (INTC) : Vaughan David Investments Incil scooped up 8,952 additional shares in Intel Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 905,293 shares of Intel Corporation which is valued at $27.1 Million.Intel Corporation makes up approximately 1.54% of Vaughan David Investments Incil’s portfolio.

Other Hedge Funds, Including , Cornercap Investment Counsel Inc boosted its stake in INTC in the latest quarter, The investment management firm added 22,039 additional shares and now holds a total of 29,884 shares of Intel Corporation which is valued at $893,830. Intel Corporation makes up approx 0.17% of Cornercap Investment Counsel Inc’s portfolio.National Penn Investors Trust Co Pa reduced its stake in INTC by selling 51,015 shares or 8.67% in the most recent quarter. The Hedge Fund company now holds 537,185 shares of INTC which is valued at $16.1 Million. Intel Corporation makes up approx 1.83% of National Penn Investors Trust Co Pa’s portfolio.Tradewinds Capital Management boosted its stake in INTC in the latest quarter, The investment management firm added 216 additional shares and now holds a total of 23,929 shares of Intel Corporation which is valued at $718,827. Intel Corporation makes up approx 0.49% of Tradewinds Capital Management’s portfolio. Hanseatic Management Services Inc sold out all of its stake in INTC during the most recent quarter. The investment firm sold 11,518 shares of INTC which is valued $346,001.Commonwealth Equity Services Inc boosted its stake in INTC in the latest quarter, The investment management firm added 69,800 additional shares and now holds a total of 1,279,848 shares of Intel Corporation which is valued at $38.8 Million. Intel Corporation makes up approx 0.34% of Commonwealth Equity Services 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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