Twin Capital Management Inc Lowers stake in Intel Corporation (INTC)

Intel Corporation (INTC) : Twin Capital Management Inc reduced its stake in Intel Corporation by 30.98% during the most recent quarter end. The investment management company now holds a total of 249,890 shares of Intel Corporation which is valued at $8,666,185 after selling 112,170 shares in Intel Corporation , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Intel Corporation makes up approximately 0.63% of Twin Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Somerville Kurt F boosted its stake in INTC in the latest quarter, The investment management firm added 3,700 additional shares and now holds a total of 340,030 shares of Intel Corporation which is valued at $11,792,240. Intel Corporation makes up approx 2.58% of Somerville Kurt F’s portfolio.State Of New Jersey Common Pension Fund D reduced its stake in INTC by selling 2,455,000 shares or 55.8% in the most recent quarter. The Hedge Fund company now holds 1,945,000 shares of INTC which is valued at $66,616,250. Intel Corporation makes up approx 0.29% of State Of New Jersey Common Pension Fund D’s portfolio.Quadrant Capital Group boosted its stake in INTC in the latest quarter, The investment management firm added 151 additional shares and now holds a total of 23,107 shares of Intel Corporation which is valued at $805,510. Intel Corporation makes up approx 0.52% of Quadrant Capital Group’s portfolio.Benin Management Corp boosted its stake in INTC in the latest quarter, The investment management firm added 105 additional shares and now holds a total of 25,261 shares of Intel Corporation which is valued at $884,388. Intel Corporation makes up approx 0.45% of Benin Management Corp’s portfolio.

Intel Corporation opened for trading at $34.7 and hit $35.16 on the upside on Monday, eventually ending the session at $34.91, with a gain of 0.98% or 0.34 points. The heightened volatility saw the trading volume jump to 1,89,31,063 shares. Company has a market cap of $165,159 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.

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