University Of Texas Investment Managment Co adds Intel Corporation (INTC) to its portfolio

Intel Corporation (INTC) : University Of Texas Investment Managment Co added new position in Intel Corporation during the most recent quarter end. The investment management firm now holds 4,919 shares of Intel Corporation which is valued at $170,050 , the company said in a statement filed on Aug 11, 2016 with the SEC.Intel Corporation makes up approximately 0.50% of University Of Texas Investment Managment Co’s portfolio.

Other Hedge Funds, Including , Raymond James Associates boosted its stake in INTC in the latest quarter, The investment management firm added 262,415 additional shares and now holds a total of 3,055,046 shares of Intel Corporation which is valued at $105,612,940. Intel Corporation makes up approx 0.32% of Raymond James Associates’s portfolio.Aspen Investment Management Inc boosted its stake in INTC in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 29,353 shares of Intel Corporation which is valued at $1,017,962. Intel Corporation makes up approx 0.80% of Aspen Investment Management Inc’s portfolio.New Mexico Educational Retirement Board boosted its stake in INTC in the latest quarter, The investment management firm added 27,900 additional shares and now holds a total of 550,270 shares of Intel Corporation which is valued at $18,846,748. Intel Corporation makes up approx 0.82% of New Mexico Educational Retirement Board’s portfolio.United Asset Strategies boosted its stake in INTC in the latest quarter, The investment management firm added 18,789 additional shares and now holds a total of 29,870 shares of Intel Corporation which is valued at $1,023,048. Intel Corporation makes up approx 0.37% of United Asset Strategies’s portfolio.

Intel Corporation opened for trading at $35.5 and hit $35.69 on the upside on Tuesday, eventually ending the session at $35.4, with a gain of 0.11% or 0.04 points. The heightened volatility saw the trading volume jump to 1,83,15,042 shares. Company has a market cap of $167,477 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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