That was below the $13.56 billion expected by analysts in the FactSet survey. Parasol Investment Management LLC boosted its position in shares of Intel Corp.by 34.3% in the second quarter.
Advertisement
Intel Corp reported a 2.6 per cent rise in quarterly revenue, boosted by strong sales of its microchips that power data centers and Internet-connected devices. American National Bank now owns 4,459 shares of the chip maker’s stock valued at $146,000 after buying an additional 2,265 shares during the last quarter. Company has a sales growth for the last five (5) years is valued at 4.90%. Company has a 52-Week High of -0.88% and a 52-Week Low of 44.17%. And we think its stock price has almost unlimited room to run for early in-the-know investors! For the period ending on 2016-03-31 the company reported earnings per share of $0.29.
Intel Corporation INTC just released its second quarter fiscal 2016 earnings results, posting earnings of $0.59 per share (excluding special items) and revenue of $13.53 billion. However, the company’s actual revenue growth in this segment has more often than not missed the mark over the last several years. The EPS growth in the running year displays a value of 0.80%. This represents a $1.04 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend is Wednesday, August 3rd. Renaissance Investment Group reduced its stake in INTC by selling 350 shares or 0.94% in the most recent quarter.
The market cap of 166119.47 for Intel Corporation in today’s market indicated its current strength, making the company’s shares a lucrative one. Pacific Crest increased their price objective on shares of Intel Corp. from $37.00 to $38.00 and gave the company an “overweight” rating in a report on Thursday.
Intel Corporation (NASDAQ:INTC) posted Q2 earnings report yesterday after the close of market. The average rating on the stock is the equivalent to buy, while the median 12-month price target on the stock among a poll of roughly 40 analysts is $35.93. There are 15 equity research firms suggesting a Hold and 0 consider it Sell.
Intel Corporation’s target price was set to 35.69 with an IPO date at 3/17/1980. The stock was sold at an average price of $30.35, for a total value of $1,295,459.40. The Hedge Fund company now holds 63,005 shares of INTC which is valued at $2,142,170. The disclosure for this sale can be found here.
Intel Corporation designs, manufactures, and sells integrated digital technology platforms worldwide.
Advertisement
Client Computing Group revenue of $7.3 billion, down 3% sequentially and down 3% from past year. The companys platforms are used in various computing applications comprising notebooks, 2 in 1 systems, desktops, servers, tablets, smartphones, wireless and wired connectivity products, wearables, retail devices, and manufacturing devices, in addition to for retail, transportation, industrial, buildings, home use, and other market segments.
