Arrowstreet Capital Limited Partnership buys $367,728,765 stake in Intel Corporation (INTC)

Intel Corporation (INTC) : Arrowstreet Capital Limited Partnership scooped up 6,463,181 additional shares in Intel Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 10,637,222 shares of Intel Corporation which is valued at $367,728,765.Intel Corporation makes up approximately 1.46% of Arrowstreet Capital Limited Partnership’s portfolio.

Other Hedge Funds, Including , Holt Capital Advisors L.l.c. Dba Holt Capital Partners … boosted its stake in INTC in the latest quarter, The investment management firm added 2,065 additional shares and now holds a total of 35,465 shares of Intel Corporation which is valued at $1,226,025. Intel Corporation makes up approx 0.51% of Holt Capital Advisors L.l.c. Dba Holt Capital Partners …’s portfolio.Lba Wealth Management boosted its stake in INTC in the latest quarter, The investment management firm added 934 additional shares and now holds a total of 42,980 shares of Intel Corporation which is valued at $1,485,819. Intel Corporation makes up approx 0.81% of Lba Wealth Management’s portfolio.First Personal Financial Services boosted its stake in INTC in the latest quarter, The investment management firm added 3,207 additional shares and now holds a total of 10,246 shares of Intel Corporation which is valued at $359,020. Intel Corporation makes up approx 0.12% of First Personal Financial Services’s portfolio. Icon Advisers Incco added INTC to its portfolio by purchasing 74,100 company shares during the most recent quarter which is valued at $2,569,788. Intel Corporation makes up approx 0.17% of Icon Advisers Incco’s portfolio.Pinnacle Advisory Group boosted its stake in INTC in the latest quarter, The investment management firm added 323 additional shares and now holds a total of 8,090 shares of Intel Corporation which is valued at $282,988. Intel Corporation makes up approx 0.02% of Pinnacle Advisory Group’s portfolio.

Intel Corporation opened for trading at $35.99 and hit $36.04 on the upside on Thursday, eventually ending the session at $36.02, with a gain of 0.36% or 0.13 points. The heightened volatility saw the trading volume jump to 1,89,25,769 shares. Company has a market cap of $170,411 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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