Gemmer Asset Management buys $326,676 stake in Intel Corporation (INTC)

Intel Corporation (INTC) : Gemmer Asset Management scooped up 3 additional shares in Intel Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 17, 2016. The investment management firm now holds a total of 8,723 shares of Intel Corporation which is valued at $326,676.Intel Corporation makes up approximately 0.17% of Gemmer Asset Management’s portfolio.

Other Hedge Funds, Including , Btim Corp. reduced its stake in INTC by selling 1,922 shares or 1.36% in the most recent quarter. The Hedge Fund company now holds 139,116 shares of INTC which is valued at $5,209,894. Intel Corporation makes up approx 0.09% of Btim Corp.’s portfolio.Torch Wealth Management boosted its stake in INTC in the latest quarter, The investment management firm added 1,300 additional shares and now holds a total of 8,200 shares of Intel Corporation which is valued at $303,154. Intel Corporation makes up approx 0.22% of Torch Wealth Management’s portfolio. Morgens Waterfall Vintiadis Co Inc added INTC to its portfolio by purchasing 110,000 company shares during the most recent quarter which is valued at $4,099,700. Intel Corporation makes up approx 3.70% of Morgens Waterfall Vintiadis Co Inc’s portfolio.Hudson Valley Investment Advisors Inc Adv boosted its stake in INTC in the latest quarter, The investment management firm added 2,842 additional shares and now holds a total of 168,545 shares of Intel Corporation which is valued at $6,408,081. Intel Corporation makes up approx 1.98% of Hudson Valley Investment Advisors Inc Adv’s portfolio.Burns J W Co Incny reduced its stake in INTC by selling 467 shares or 1.48% in the most recent quarter. The Hedge Fund company now holds 31,060 shares of INTC which is valued at $1,179,969. Intel Corporation makes up approx 0.37% of Burns J W Co Incny’s portfolio.

Intel Corporation opened for trading at $37.19 and hit $37.7 on the upside on Friday, eventually ending the session at $37.45, with a gain of 1.30% or 0.48 points. The heightened volatility saw the trading volume jump to 1,91,23,944 shares. Company has a market cap of $177,176 M.

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.

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. Company shares were Upgraded by Barclays on Oct 18, 2016 to ” Overweight”, Firm has raised the Price Target to $ 45 from a previous price target of $38 .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 .

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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