Vigilant Capital Management buys $96,172 stake in Intel Corporation (INTC)

Intel Corporation (INTC) : Vigilant Capital Management scooped up 522 additional shares in Intel Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 2,568 shares of Intel Corporation which is valued at $96,172.Intel Corporation makes up approximately 0.02% of Vigilant Capital Management’s portfolio.

Other Hedge Funds, Including , Country Club Trust Company N.a. boosted its stake in INTC in the latest quarter, The investment management firm added 5,729 additional shares and now holds a total of 466,366 shares of Intel Corporation which is valued at $17,465,407. Intel Corporation makes up approx 2.52% of Country Club Trust Company N.a.’s portfolio.North Star Investment Management Corp. reduced its stake in INTC by selling 917 shares or 0.85% in the most recent quarter. The Hedge Fund company now holds 106,514 shares of INTC which is valued at $3,969,777. Intel Corporation makes up approx 0.72% of North Star Investment Management Corp.’s portfolio.Patten Patten Inctn boosted its stake in INTC in the latest quarter, The investment management firm added 9,750 additional shares and now holds a total of 295,988 shares of Intel Corporation which is valued at $11,031,473. Intel Corporation makes up approx 1.44% of Patten Patten Inctn’s portfolio.Carroll Financial Associates reduced its stake in INTC by selling 31 shares or 0.13% in the most recent quarter. The Hedge Fund company now holds 24,015 shares of INTC which is valued at $913,050. Intel Corporation makes up approx 0.14% of Carroll Financial Associates’s portfolio.Cardinal Capital Management boosted its stake in INTC in the latest quarter, The investment management firm added 1,525 additional shares and now holds a total of 366,016 shares of Intel Corporation which is valued at $13,904,948. Intel Corporation makes up approx 1.58% of Cardinal Capital Management’s portfolio.

Intel Corporation opened for trading at $37.19 and hit $37.7 on the upside on Friday, eventually ending the session at $37.45, with a gain of 1.30% or 0.48 points. The heightened volatility saw the trading volume jump to 1,91,23,944 shares. Company has a market cap of $177,176 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.

Investors should note that on Sep 15, 2016, Intel Corporation announced a cash dividend of $0.2600. The company’s management has announced Nov 3, 2016 as the ex-dividend date and fixed the record date on Nov 7, 2016. The payable date has been fixed on Dec 1, 2016.

Many Wall Street Analysts have commented on Intel Corporation. Intel Corporation was Initiated by Susquehanna to “Positive” on Sep 20, 2016. Company shares were Reiterated by Canaccord Genuity on Sep 20, 2016 to “Buy”, Firm has raised the Price Target to $ 44 from a previous price target of $40 .Company shares were Reiterated by Needham on Sep 19, 2016 to “Buy”, Firm has raised the Price Target to $ 43 from a previous price target of $38 .

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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