Neville Rodie Shaw Inc Lowers stake in Intel Corporation (INTC)

Intel Corporation (INTC) : Neville Rodie Shaw Inc reduced its stake in Intel Corporation by 1.86% during the most recent quarter end. The investment management company now holds a total of 347,463 shares of Intel Corporation which is valued at $12,164,680 after selling 6,600 shares in Intel Corporation , the firm said in a disclosure report filed with the SEC on Jul 13, 2016.Intel Corporation makes up approximately 1.42% of Neville Rodie Shaw Inc’s portfolio.

Other Hedge Funds, Including , Cornerstone Investment Partners reduced its stake in INTC by selling 4,895 shares or 2.83% in the most recent quarter. The Hedge Fund company now holds 167,916 shares of INTC which is valued at $5,878,739. Intel Corporation makes up approx 0.20% of Cornerstone Investment Partners’s portfolio.Benjamin F. Edwards Company boosted its stake in INTC in the latest quarter, The investment management firm added 18,581 additional shares and now holds a total of 58,561 shares of Intel Corporation which is valued at $2,050,221. Intel Corporation makes up approx 0.39% of Benjamin F. Edwards Company’s portfolio.

Intel Corporation closed down -0.02 points or -0.06% at $35.05 with 1,93,47,177 shares getting traded on Monday. Post opening the session at $35.18, the shares hit an intraday low of $34.95 and an intraday high of $35.2 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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 Jul 12, 2016, Intel Corporation announced a cash dividend of $0.2600. The company’s management has announced Aug 4, 2016 as the ex-dividend date and fixed the record date on Aug 7, 2016. The payable date has been fixed on Sep 1, 2016.

Many Wall Street Analysts have commented on Intel Corporation. Company shares were Reiterated by RBC Capital Mkts on Jul 18, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 36 from a previous price target of $34 .Company shares were Reiterated by Canaccord Genuity on Jul 18, 2016 to “Buy”, Firm has raised the Price Target to $ 40 from a previous price target of $38 .Company shares were Reiterated by Cowen on Jul 11, 2016 to “Market Perform”, Firm has raised the Price Target to $ 36 from a previous price target of $32 .

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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