Holderness Investments Co Lowers stake in Intel Corporation (INTC)

Intel Corporation (INTC) : Holderness Investments Co reduced its stake in Intel Corporation by 0.53% during the most recent quarter end. The investment management company now holds a total of 74,623 shares of Intel Corporation which is valued at $2,573,001 after selling 400 shares in Intel Corporation , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Intel Corporation makes up approximately 2.58% of Holderness Investments Co’s portfolio.

Other Hedge Funds, Including , Pinnacle Holdings reduced its stake in INTC by selling 474 shares or 2.73% in the most recent quarter. The Hedge Fund company now holds 16,892 shares of INTC which is valued at $582,436. Intel Corporation makes up approx 0.28% of Pinnacle Holdings’s portfolio.Wealth Architects boosted its stake in INTC in the latest quarter, The investment management firm added 1,001 additional shares and now holds a total of 31,325 shares of Intel Corporation which is valued at $1,086,664. Intel Corporation makes up approx 0.52% of Wealth Architects’s portfolio.Welch Forbes reduced its stake in INTC by selling 4,999 shares or 0.54% in the most recent quarter. The Hedge Fund company now holds 919,258 shares of INTC which is valued at $31,806,327. Intel Corporation makes up approx 1.15% of Welch Forbes’s portfolio.Lodestar Investment Counselil reduced its stake in INTC by selling 88,092 shares or 33.56% in the most recent quarter. The Hedge Fund company now holds 174,405 shares of INTC which is valued at $6,503,562. Intel Corporation makes up approx 0.91% of Lodestar Investment Counselil’s portfolio.

Intel Corporation closed down -0.07 points or -0.20% at $34.95 with 1,68,06,853 shares getting traded on Monday. Post opening the session at $34.9, the shares hit an intraday low of $34.64 and an intraday high of $35 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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.

Many Wall Street Analysts have commented on Intel Corporation. Shares were Reiterated by RBC Capital Mkts on Oct 19, 2016 to “Sector Perform” and Lowered the Price Target to $ 37 from a previous price target of $38 .Shares were Reiterated by Needham on Oct 19, 2016 to “Buy” and Lowered the Price Target to $ 42 from a previous price target of $43 .Intel Corporation was Upgraded by Charter Equity to ” Buy” on Oct 19, 2016.

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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