Qvt Financial Lp buys $42,181,484 stake in Intel Corporation (INTC)

Intel Corporation (INTC) : Qvt Financial Lp scooped up 792,576 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 1,220,176 shares of Intel Corporation which is valued at $42,181,484.Intel Corporation makes up approximately 5.61% of Qvt Financial Lp’s portfolio.

Other Hedge Funds, Including , Absolute Return Capital reduced its stake in INTC by selling 344,295 shares or 71.51% in the most recent quarter. The Hedge Fund company now holds 137,163 shares of INTC which is valued at $4,741,725. Intel Corporation makes up approx 0.27% of Absolute Return Capital’s portfolio.Df Dent Co Inc reduced its stake in INTC by selling 2,234 shares or 0.59% in the most recent quarter. The Hedge Fund company now holds 378,606 shares of INTC which is valued at $13,088,409. Intel Corporation makes up approx 0.35% of Df Dent Co Inc’s portfolio.Waters Parkerson boosted its stake in INTC in the latest quarter, The investment management firm added 6,854 additional shares and now holds a total of 709,472 shares of Intel Corporation which is valued at $24,526,447. Intel Corporation makes up approx 2.48% of Waters Parkerson’s portfolio.Sheaff Brock Investment Advisors reduced its stake in INTC by selling 24,894 shares or 7.66% in the most recent quarter. The Hedge Fund company now holds 300,103 shares of INTC which is valued at $10,497,603. Intel Corporation makes up approx 1.28% of Sheaff Brock Investment Advisors’s portfolio. David R. Rahn Associates added INTC to its portfolio by purchasing 30,000 company shares during the most recent quarter which is valued at $1,044,900. Intel Corporation makes up approx 0.80% of David R. Rahn Associates’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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