Intel Corporation (INTC) : West Coast Financial scooped up 2,707 additional shares in Intel Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 173,621 shares of Intel Corporation which is valued at $5,946,519.Intel Corporation makes up approximately 2.07% of West Coast Financial’s portfolio.
Other Hedge Funds, Including , New Jersey Better Educational Savings Trust sold out all of its stake in INTC during the most recent quarter. The investment firm sold 40,000 shares of INTC which is valued $1,370,000.1st Source Bank reduced its stake in INTC by selling 2,880 shares or 1.4% in the most recent quarter. The Hedge Fund company now holds 202,398 shares of INTC which is valued at $7,055,594. Intel Corporation makes up approx 0.77% of 1st Source Bank’s portfolio.Mount Vernon Associates Inc Md boosted its stake in INTC in the latest quarter, The investment management firm added 1,200 additional shares and now holds a total of 44,475 shares of Intel Corporation which is valued at $1,549,064. Intel Corporation makes up approx 3.11% of Mount Vernon Associates Inc Md’s portfolio.Foundation Resource Management Inc reduced its stake in INTC by selling 119 shares or 0.04% in the most recent quarter. The Hedge Fund company now holds 334,196 shares of INTC which is valued at $11,362,664. Intel Corporation makes up approx 2.10% of Foundation Resource Management Inc’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 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.