State Of Alaska Department Of Revenue buys $13,426,935 stake in Intel Corporation (INTC)

Intel Corporation (INTC) : State Of Alaska Department Of Revenue scooped up 6,720 additional shares in Intel Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 19, 2016. The investment management firm now holds a total of 376,210 shares of Intel Corporation which is valued at $13,426,935.Intel Corporation makes up approximately 1.38% of State Of Alaska Department Of Revenue’s portfolio.

Other Hedge Funds, Including , Strategic Advisors boosted its stake in INTC in the latest quarter, The investment management firm added 3,384 additional shares and now holds a total of 32,816 shares of Intel Corporation which is valued at $1,171,203. Intel Corporation makes up approx 0.66% of Strategic Advisors’s portfolio.Advocacy Wealth Management Services reduced its stake in INTC by selling 1,100 shares or 68.75% in the most recent quarter. The Hedge Fund company now holds 500 shares of INTC which is valued at $17,525. Intel Corporation makes up approx 0.01% of Advocacy Wealth Management Services’s portfolio.Amarillo National Bank boosted its stake in INTC in the latest quarter, The investment management firm added 1,100 additional shares and now holds a total of 15,839 shares of Intel Corporation which is valued at $554,523. Intel Corporation makes up approx 0.24% of Amarillo National Bank’s portfolio.Lvm Capital Management Ltdmi reduced its stake in INTC by selling 9,900 shares or 4.47% in the most recent quarter. The Hedge Fund company now holds 211,438 shares of INTC which is valued at $7,188,892. Intel Corporation makes up approx 2.06% of Lvm Capital Management Ltdmi’s portfolio.First National Bank Trust Co Of Newtown reduced its stake in INTC by selling 200 shares or 0.29% in the most recent quarter. The Hedge Fund company now holds 69,503 shares of INTC which is valued at $2,363,102. Intel Corporation makes up approx 0.72% of First National Bank Trust Co Of Newtown’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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