Amica Retiree Medical Trust Lowers stake in Intel Corporation (INTC)

Intel Corporation (INTC) : Amica Retiree Medical Trust reduced its stake in Intel Corporation by 5.54% during the most recent quarter end. The investment management company now holds a total of 27,978 shares of Intel Corporation which is valued at $958,247 after selling 1,641 shares in Intel Corporation , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Intel Corporation makes up approximately 0.79% of Amica Retiree Medical Trust’s portfolio.

Other Hedge Funds, Including , Northeast Investment Management reduced its stake in INTC by selling 5,244 shares or 7.79% in the most recent quarter. The Hedge Fund company now holds 62,107 shares of INTC which is valued at $2,127,165. Intel Corporation makes up approx 0.21% of Northeast Investment Management’s portfolio.South Texas Money Management Ltd boosted its stake in INTC in the latest quarter, The investment management firm added 22,550 additional shares and now holds a total of 1,164,060 shares of Intel Corporation which is valued at $39,869,055. Intel Corporation makes up approx 2.16% of South Texas Money Management Ltd’s portfolio.Mountain Pacific Investment Advisers Incid reduced its stake in INTC by selling 350 shares or 1.13% in the most recent quarter. The Hedge Fund company now holds 30,572 shares of INTC which is valued at $1,059,626. Intel Corporation makes up approx 0.12% of Mountain Pacific Investment Advisers Incid’s portfolio.Cwm boosted its stake in INTC in the latest quarter, The investment management firm added 933 additional shares and now holds a total of 147,069 shares of Intel Corporation which is valued at $5,097,412. Intel Corporation makes up approx 0.36% of Cwm’s portfolio.Physicians Financial Services boosted its stake in INTC in the latest quarter, The investment management firm added 116 additional shares and now holds a total of 28,577 shares of Intel Corporation which is valued at $1,001,624. Intel Corporation makes up approx 0.85% of Physicians Financial Services’s portfolio.

Intel Corporation opened for trading at $34.9 and hit $35.17 on the upside on Monday, eventually ending the session at $35.04, with a gain of 0.17% or 0.06 points. The heightened volatility saw the trading volume jump to 1,94,97,332 shares. Company has a market cap of $165,774 M.

On the company’s financial health, Intel Corporation reported $0.59 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $0.53. The company had revenue of $13533.00 million for the quarter, compared to analysts expectations of $13549.95 million. The company’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 EPS.

Many Wall Street Analysts have commented on Intel Corporation. Company shares were Reiterated by Nomura on Aug 2, 2016 to “Buy”, Firm has raised the Price Target to $ 38 from a previous price target of $35 .Company shares were Reiterated by Mizuho on Jul 21, 2016 to “Buy”, Firm has raised the Price Target to $ 38 from a previous price target of $36 .Company shares were Reiterated by MKM Partners on Jul 21, 2016 to “Buy”, Firm has raised the Price Target to $ 40 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.

Leave a Reply

Intel Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on Intel Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.