Mcqueen Ball Associates buys $2,543,732 stake in Intel Corporation (INTC)

Intel Corporation (INTC) : Mcqueen Ball Associates scooped up 615 additional shares in Intel Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 20, 2016. The investment management firm now holds a total of 73,391 shares of Intel Corporation which is valued at $2,543,732.Intel Corporation makes up approximately 1.76% of Mcqueen Ball Associates’s portfolio.

Other Hedge Funds, Including , First American Bank boosted its stake in INTC in the latest quarter, The investment management firm added 14,779 additional shares and now holds a total of 147,864 shares of Intel Corporation which is valued at $5,124,966. Intel Corporation makes up approx 0.50% of First American Bank’s portfolio.First United Bank Trust boosted its stake in INTC in the latest quarter, The investment management firm added 2,025 additional shares and now holds a total of 30,997 shares of Intel Corporation which is valued at $1,085,205. Intel Corporation makes up approx 0.92% of First United Bank Trust’s portfolio.Cutler Group Lp reduced its stake in INTC by selling 66,700 shares or 90.14% in the most recent quarter. The Hedge Fund company now holds 7,300 shares of INTC which is valued at $255,573. Intel Corporation makes up approx 0.02% of Cutler Group Lp’s portfolio.Central Bank Trust Co reduced its stake in INTC by selling 8,841 shares or 27.77% in the most recent quarter. The Hedge Fund company now holds 22,996 shares of INTC which is valued at $805,090. Intel Corporation makes up approx 0.23% of Central Bank Trust Co’s portfolio.Daiwa Sb Investments Ltd. boosted its stake in INTC in the latest quarter, The investment management firm added 590 additional shares and now holds a total of 7,450 shares of Intel Corporation which is valued at $253,300. Intel Corporation makes up approx 0.07% of Daiwa Sb Investments Ltd.’s portfolio.

Intel Corporation opened for trading at $35.3 and hit $35.93 on the upside on Wednesday, eventually ending the session at $35.69, with a gain of 1.54% or 0.54 points. The heightened volatility saw the trading volume jump to 4,29,94,187 shares. Company has a market cap of $168,528 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 Jul 12, 2016, Intel Corporation announced a cash dividend of $0.2600. The company’s management has announced Aug 4, 2016 as the ex-dividend date and fixed the record date on Aug 7, 2016. The payable date has been fixed on Sep 1, 2016.

Many Wall Street Analysts have commented on Intel Corporation. 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 .Company shares were Reiterated by RBC Capital Mkts on Jul 18, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 36 from a previous price target of $34 .

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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