Exxonmobil Investment Management Inc Tx Lowers stake in Intel Corporation (INTC)

Intel Corporation (INTC) : Exxonmobil Investment Management Inc Tx reduced its stake in Intel Corporation by 1.17% during the most recent quarter end. The investment management company now holds a total of 1,207,993 shares of Intel Corporation which is valued at $46,024,533 after selling 14,298 shares in Intel Corporation , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Intel Corporation makes up approximately 0.97% of Exxonmobil Investment Management Inc Tx’s portfolio.

Other Hedge Funds, Including , Summit Financial Wealth Advisors boosted its stake in INTC in the latest quarter, The investment management firm added 19,612 additional shares and now holds a total of 101,041 shares of Intel Corporation which is valued at $3,838,548. Intel Corporation makes up approx 1.68% of Summit Financial Wealth Advisors’s portfolio.First National Bank Of Mount Dora Trust Investment Services boosted its stake in INTC in the latest quarter, The investment management firm added 2,742 additional shares and now holds a total of 124,744 shares of Intel Corporation which is valued at $4,739,025. Intel Corporation makes up approx 2.66% of First National Bank Of Mount Dora Trust Investment Services’s portfolio.Curbstone Financial Management Corp boosted its stake in INTC in the latest quarter, The investment management firm added 144 additional shares and now holds a total of 92,510 shares of Intel Corporation which is valued at $3,514,455. Intel Corporation makes up approx 1.14% of Curbstone Financial Management Corp’s portfolio.

Intel Corporation opened for trading at $38.08 and hit $38.22 on the upside on Friday, eventually ending the session at $38.1, with a gain of 0.08% or 0.03 points. The heightened volatility saw the trading volume jump to 1,69,42,539 shares. Company has a market cap of $180,251 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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