Canandaigua National Bank Trust Co buys $3,384,638 stake in Intel Corporation (INTC)

Intel Corporation (INTC) : Canandaigua National Bank Trust Co scooped up 3,962 additional shares in Intel Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 12, 2016. The investment management firm now holds a total of 90,814 shares of Intel Corporation which is valued at $3,384,638.Intel Corporation makes up approximately 1.00% of Canandaigua National Bank Trust Co’s portfolio.

Other Hedge Funds, Including , Gofen Glossberg Il reduced its stake in INTC by selling 1,128 shares or 0.77% in the most recent quarter. The Hedge Fund company now holds 145,529 shares of INTC which is valued at $5,533,013. Intel Corporation makes up approx 0.23% of Gofen Glossberg Il’s portfolio.Exxonmobil Investment Management Inc Tx reduced its stake in INTC by selling 14,298 shares or 1.17% in the most recent quarter. The Hedge Fund company now holds 1,207,993 shares of INTC which is valued at $46,024,533. Intel Corporation makes up approx 0.97% of Exxonmobil Investment Management Inc Tx’s portfolio.Arvest Bank Trust Division reduced its stake in INTC by selling 539 shares or 0.12% in the most recent quarter. The Hedge Fund company now holds 450,075 shares of INTC which is valued at $17,147,858. Intel Corporation makes up approx 1.44% of Arvest Bank Trust Division’s portfolio.Acropolis Investment Management reduced its stake in INTC by selling 2,047 shares or 1.85% in the most recent quarter. The Hedge Fund company now holds 108,738 shares of INTC which is valued at $4,130,957. Intel Corporation makes up approx 0.77% of Acropolis Investment Management’s portfolio.

Intel Corporation closed down -0.75 points or -1.97% at $37.27 with 2,76,50,460 shares getting traded on Tuesday. Post opening the session at $37.91, the shares hit an intraday low of $36.821 and an intraday high of $38 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.

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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