New Mexico Educational Retirement Board buys $18,846,748 stake in Intel Corporation (INTC)

Intel Corporation (INTC) : New Mexico Educational Retirement Board scooped up 27,900 additional shares in Intel Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 550,270 shares of Intel Corporation which is valued at $18,846,748.Intel Corporation makes up approximately 0.82% of New Mexico Educational Retirement Board’s portfolio.

Other Hedge Funds, Including , Appleton Partners Incma reduced its stake in INTC by selling 3,349 shares or 6.65% in the most recent quarter. The Hedge Fund company now holds 46,980 shares of INTC which is valued at $1,609,065. Intel Corporation makes up approx 0.32% of Appleton Partners Incma’s portfolio.Macguire Cheswick Tuttle Investment Counsel reduced its stake in INTC by selling 2,050 shares or 5.3% in the most recent quarter. The Hedge Fund company now holds 36,625 shares of INTC which is valued at $1,269,423. Intel Corporation makes up approx 0.27% of Macguire Cheswick Tuttle Investment Counsel’s portfolio.Pineno Levin Ford Asset Management reduced its stake in INTC by selling 1,400 shares or 15.74% in the most recent quarter. The Hedge Fund company now holds 7,497 shares of INTC which is valued at $259,846. Intel Corporation makes up approx 0.13% of Pineno Levin Ford Asset Management’s portfolio.Pennsylvania Trust Co reduced its stake in INTC by selling 3,443 shares or 1.29% in the most recent quarter. The Hedge Fund company now holds 263,319 shares of INTC which is valued at $9,397,855. Intel Corporation makes up approx 0.74% of Pennsylvania Trust Co’s portfolio.First National Bank Of Omaha reduced its stake in INTC by selling 40,617 shares or 64.66% in the most recent quarter. The Hedge Fund company now holds 22,198 shares of INTC which is valued at $792,247. Intel Corporation makes up approx 0.06% of First National Bank Of Omaha’s portfolio.

Intel Corporation opened for trading at $34.9 and hit $35.17 on the upside on Monday, eventually ending the session at $35.04, with a gain of 0.17% or 0.06 points. The heightened volatility saw the trading volume jump to 1,94,97,332 shares. Company has a market cap of $165,774 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.

Many Wall Street Analysts have commented on Intel Corporation. Company shares were Reiterated by Nomura on Aug 2, 2016 to “Buy”, Firm has raised the Price Target to $ 38 from a previous price target of $35 .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 .

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *