Intel Corporation (INTC) : Blue Rock Advisors added new position in Intel Corporation during the most recent quarter end. The investment management firm now holds 11,324 shares of Intel Corporation which is valued at $396,793 , the company said in a statement filed on Aug 9, 2016 with the SEC.Intel Corporation makes up approximately 3.65% of Blue Rock Advisors’s portfolio.
Other Hedge Funds, Including , Chesapeake Asset Management reduced its stake in INTC by selling 2,000 shares or 4.36% in the most recent quarter. The Hedge Fund company now holds 43,918 shares of INTC which is valued at $1,523,076. Intel Corporation makes up approx 1.19% of Chesapeake Asset Management’s portfolio. 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.Sigma Planning Corp reduced its stake in INTC by selling 5 shares or 0.01% in the most recent quarter. The Hedge Fund company now holds 98,027 shares of INTC which is valued at $3,397,616. Intel Corporation makes up approx 0.43% of Sigma Planning Corp’s portfolio. Campbell Newman Asset Management Inc added INTC to its portfolio by purchasing 70,100 company shares during the most recent quarter which is valued at $2,454,201. Intel Corporation makes up approx 0.44% of Campbell Newman Asset Management Inc’s portfolio.
Intel Corporation closed down -0.19 points or -0.54% at $35.02 with 1,82,21,644 shares getting traded on Wednesday. Post opening the session at $35.17, the shares hit an intraday low of $34.77 and an intraday high of $35.21 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
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.