Peddock Capital Advisors buys $913,508 stake in Intel Corporation (INTC)

Intel Corporation (INTC) : Peddock Capital Advisors scooped up 620 additional shares in Intel Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 15, 2016. The investment management firm now holds a total of 26,063 shares of Intel Corporation which is valued at $913,508.Intel Corporation makes up approximately 0.57% of Peddock Capital Advisors’s portfolio.

Other Hedge Funds, Including , Advocacy Wealth Management Services reduced its stake in INTC by selling 1,100 shares or 68.75% in the most recent quarter. The Hedge Fund company now holds 500 shares of INTC which is valued at $17,525. Intel Corporation makes up approx 0.01% of Advocacy Wealth Management Services’s portfolio.Partnerre Asset Management Corp boosted its stake in INTC in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 31,959 shares of Intel Corporation which is valued at $1,120,163. Intel Corporation makes up approx 0.56% of Partnerre Asset Management Corp’s portfolio. Merriman Wealth Management added INTC to its portfolio by purchasing 6,166 company shares during the most recent quarter which is valued at $209,644. Intel Corporation makes up approx 0.06% of Merriman Wealth Management’s portfolio.Thompson Rubinstein Investment Management Inc Or reduced its stake in INTC by selling 630 shares or 0.23% in the most recent quarter. The Hedge Fund company now holds 271,071 shares of INTC which is valued at $9,216,414. Intel Corporation makes up approx 3.53% of Thompson Rubinstein Investment Management Inc Or’s portfolio.Macnealy Hoover Investment Management Inc boosted its stake in INTC in the latest quarter, The investment management firm added 250 additional shares and now holds a total of 35,169 shares of Intel Corporation which is valued at $1,195,746. Intel Corporation makes up approx 0.23% of Macnealy Hoover Investment Management Inc’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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