American National Bank boosted its position in shares of Intel Corp.by 103.2% in the second quarter. Intel Corporation makes up approx 1.80% of Peachtree Investment Advisors’s portfolio. The stock’s market capitalization has now valued at $165.98B. The Hedge Fund company now holds 6,125 shares of INTC which is valued at $208,250. First National Bank Trust Co Of Newtown reduced its stake in INTC by selling 200 shares or 0.29% in the most recent quarter. Company has a sales growth for the last five (5) years is valued at 4.90%.
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Shares of Intel Corporation opened trading at $35.26 and closed at $35.07 in the last session.
ARM Holdings plc (NASDAQ:ARMH) traded 1.16 Million shares on last trading day with closing price of $47.08. Company has a market cap of $168,528 M.
Intel Corporation reported a revenue of $13.5 billion in line with the consensus estimate.
Previously for the quarter ended on 12/2015, Intel Corporation (NASDAQ:INTC)’s expected mean EPS was $0.63, the company reported its quarterly earnings per share of $0.74 on 1/14/2016 BMO, beating the analysts’ consensus estimate by 0.11 with surprise factor of 17.46%. While revenue estimates for the current year is 57.21B, setting the highest revenues estimates of 58.78B and indicating lowest revenues at 56.2B according to agreement of 35 number of analysts. In addition, while our dinner discussions with new CCG head Navin Shenoy last month at Computex in Taipei indicated Intel is not counting on a material tailwind in PC hardware sales from the expiration of Windows10 downloadable upgrades in July, we believe this will serve as a modest catalyst into the Kaby Lake launch year. The shares will quote ex-dividend on Aug 4, 2016 and the record date has been fixed on Aug 7, 2016. This represents a $1.04 annualized dividend and a dividend yield of 2.91%. Valuation Level The valuation of Intel Corporation is done by analysts by using price-to-earnings ratio.
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The broker said it has now set a “Buy” rating on shares of Intel Corporation with a price target of 38. The stock has an average rating of “Buy” and a consensus price target of $36.51. The Company sells its products primarily to original equipment manufacturers, original design manufacturers, PC and network communications products users, and other manufacturers of industrial and communications equipment. The Companys 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.
