Pacwest Financial Management Inc Lowers stake in Intel Corporation (INTC)

Intel Corporation (INTC) : Pacwest Financial Management Inc reduced its stake in Intel Corporation by 0.08% during the most recent quarter end. The investment management company now holds a total of 97,953 shares of Intel Corporation which is valued at $3,429,335 after selling 80 shares in Intel Corporation , the firm said in a disclosure report filed with the SEC on Jul 11, 2016.Intel Corporation makes up approximately 2.09% of Pacwest Financial Management Inc’s portfolio.

Other Hedge Funds, Including , Loring Wolcott Coolidge Fiduciary Advisors Llpma boosted its stake in INTC in the latest quarter, The investment management firm added 1,659 additional shares and now holds a total of 244,104 shares of Intel Corporation which is valued at $8,546,081. Intel Corporation makes up approx 0.19% of Loring Wolcott Coolidge Fiduciary Advisors Llpma’s portfolio.Stillwater Investment Management boosted its stake in INTC in the latest quarter, The investment management firm added 2,754 additional shares and now holds a total of 47,055 shares of Intel Corporation which is valued at $1,599,870. Intel Corporation makes up approx 0.90% of Stillwater Investment Management’s portfolio.Baxter Bros Inc reduced its stake in INTC by selling 7,650 shares or 4.68% in the most recent quarter. The Hedge Fund company now holds 155,851 shares of INTC which is valued at $5,298,934. Intel Corporation makes up approx 1.65% of Baxter Bros Inc’s portfolio.Howland Capital Management reduced its stake in INTC by selling 3,761 shares or 1.09% in the most recent quarter. The Hedge Fund company now holds 340,753 shares of INTC which is valued at $11,585,602. Intel Corporation makes up approx 1.08% of Howland Capital Management’s portfolio.Kistler-tiffany Companies reduced its stake in INTC by selling 31 shares or 0.17% in the most recent quarter. The Hedge Fund company now holds 18,265 shares of INTC which is valued at $621,010. Intel Corporation makes up approx 0.31% of Kistler-tiffany Companies’s portfolio.

Intel Corporation opened for trading at $35.04 and hit $35.25 on the upside on Wednesday, eventually ending the session at $35.01, with a gain of 0.20% or 0.07 points. The heightened volatility saw the trading volume jump to 2,91,20,904 shares. Company has a market cap of $165,317 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. 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 .Company shares were Reiterated by RBC Capital Mkts on Jul 8, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 34 from a previous price target of $33 .Intel Corporation was Upgraded by Bernstein to ” Mkt Perform” on Jul 8, 2016.

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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