Stock Yards Bank Trust Co Lowers stake in Intel Corporation (INTC)

Intel Corporation (INTC) : Stock Yards Bank Trust Co reduced its stake in Intel Corporation by 27.36% during the most recent quarter end. The investment management company now holds a total of 62,589 shares of Intel Corporation which is valued at $2,343,958 after selling 23,575 shares in Intel Corporation , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Intel Corporation makes up approximately 0.32% of Stock Yards Bank Trust Co’s portfolio.

Other Hedge Funds, Including , Callahan Advisors boosted its stake in INTC in the latest quarter, The investment management firm added 6,076 additional shares and now holds a total of 274,477 shares of Intel Corporation which is valued at $10,279,164. Intel Corporation makes up approx 2.62% of Callahan Advisors’s portfolio.Forte Capital Adv reduced its stake in INTC by selling 1,009 shares or 7.12% in the most recent quarter. The Hedge Fund company now holds 13,171 shares of INTC which is valued at $486,932. Intel Corporation makes up approx 0.19% of Forte Capital Adv’s portfolio.Foundation Resource Management Inc reduced its stake in INTC by selling 1,000 shares or 0.3% in the most recent quarter. The Hedge Fund company now holds 333,196 shares of INTC which is valued at $12,658,116. Intel Corporation makes up approx 2.28% of Foundation Resource Management Inc’s portfolio.Independent Portfolio Consultants boosted its stake in INTC in the latest quarter, The investment management firm added 2,030 additional shares and now holds a total of 4,046 shares of Intel Corporation which is valued at $153,708. Intel Corporation makes up approx 0.05% of Independent Portfolio Consultants’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 $0.59 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 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. 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 .Company shares were Reiterated by Needham on Sep 19, 2016 to “Buy”, Firm has raised the Price Target to $ 43 from a previous price target of $38 .

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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