Keating Investment Counselors Inc Lowers stake in Intel Corporation (INTC)

Intel Corporation (INTC) : Keating Investment Counselors Inc reduced its stake in Intel Corporation by 0.27% during the most recent quarter end. The investment management company now holds a total of 224,224 shares of Intel Corporation which is valued at $7,679,672 after selling 600 shares in Intel Corporation , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Intel Corporation makes up approximately 3.77% of Keating Investment Counselors Inc’s portfolio.

Other Hedge Funds, Including , Spero-smith Investment Advisers Inc Oh boosted its stake in INTC in the latest quarter, The investment management firm added 39 additional shares and now holds a total of 65,798 shares of Intel Corporation which is valued at $2,253,582. Intel Corporation makes up approx 2.78% of Spero-smith Investment Advisers Inc Oh’s portfolio.Armbruster Capital Management reduced its stake in INTC by selling 421 shares or 1.51% in the most recent quarter. The Hedge Fund company now holds 27,475 shares of INTC which is valued at $957,779. Intel Corporation makes up approx 0.60% of Armbruster Capital Management’s portfolio. Hedeker Wealth added INTC to its portfolio by purchasing 39,476 company shares during the most recent quarter which is valued at $1,376,133. Intel Corporation makes up approx 1.16% of Hedeker Wealth’s portfolio.Clarivest Asset Management boosted its stake in INTC in the latest quarter, The investment management firm added 1,409 additional shares and now holds a total of 1,286,550 shares of Intel Corporation which is valued at $44,849,133. Intel Corporation makes up approx 1.28% of Clarivest Asset Management’s portfolio. Park Avenue Securities added INTC to its portfolio by purchasing 6,970 company shares during the most recent quarter which is valued at $242,765. Intel Corporation makes up approx 0.04% of Park Avenue Securities’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.

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