Intel Corporation (INTC) : Price Michael F reduced its stake in Intel Corporation by 2.7% during the most recent quarter end. The investment management company now holds a total of 1,800,000 shares of Intel Corporation which is valued at $62,064,000 after selling 50,000 shares in Intel Corporation , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Intel Corporation makes up approximately 8.28% of Price Michael F’s portfolio.
Other Hedge Funds, Including , L S Advisors Inc boosted its stake in INTC in the latest quarter, The investment management firm added 185,137 additional shares and now holds a total of 259,212 shares of Intel Corporation which is valued at $8,937,630. Intel Corporation makes up approx 2.56% of L S Advisors Inc’s portfolio.Wesbanco Bank Inc reduced its stake in INTC by selling 121 shares or 0.04% in the most recent quarter. The Hedge Fund company now holds 324,802 shares of INTC which is valued at $11,286,870. Intel Corporation makes up approx 0.67% of Wesbanco Bank Inc’s portfolio. Coconut Grove Bank added INTC to its portfolio by purchasing 950 company shares during the most recent quarter which is valued at $31,930. Intel Corporation makes up approx 0.03% of Coconut Grove Bank’s portfolio.Westchester Capital Management reduced its stake in INTC by selling 17,575 shares or 6.19% in the most recent quarter. The Hedge Fund company now holds 266,273 shares of INTC which is valued at $8,949,436. Intel Corporation makes up approx 4.56% of Westchester Capital Management’s portfolio.
Intel Corporation closed down -0.07 points or -0.20% at $34.95 with 1,68,06,853 shares getting traded on Monday. Post opening the session at $34.9, the shares hit an intraday low of $34.64 and an intraday high of $35 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 $0.80 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Oct 18, 2016. Analyst had a consensus of $0.72. The company had revenue of $15778.00 million for the quarter, compared to analysts expectations of $15605.45 million. The company’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.64 EPS.
Many Wall Street Analysts have commented on Intel Corporation. Shares were Reiterated by RBC Capital Mkts on Oct 19, 2016 to “Sector Perform” and Lowered the Price Target to $ 37 from a previous price target of $38 .Shares were Reiterated by Needham on Oct 19, 2016 to “Buy” and Lowered the Price Target to $ 42 from a previous price target of $43 .Intel Corporation was Upgraded by Charter Equity to ” Buy” on Oct 19, 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 Companys 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 Companys 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.