Ajo Lp Lowers stake in Intel Corporation (INTC)

Intel Corporation (INTC) : Ajo Lp reduced its stake in Intel Corporation by 16.91% during the most recent quarter end. The investment management company now holds a total of 9,627,666 shares of Intel Corporation which is valued at $337,353,417 after selling 1,959,219 shares in Intel Corporation , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Intel Corporation makes up approximately 1.44% of Ajo Lp’s portfolio.

Other Hedge Funds, Including , 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.Bnp Paribas Investment Partners S.a. boosted its stake in INTC in the latest quarter, The investment management firm added 81,860 additional shares and now holds a total of 882,467 shares of Intel Corporation which is valued at $30,603,956. Intel Corporation makes up approx 0.26% of Bnp Paribas Investment Partners S.a.’s portfolio.Duncker Streett Co Inc boosted its stake in INTC in the latest quarter, The investment management firm added 10 additional shares and now holds a total of 29,108 shares of Intel Corporation which is valued at $1,008,883. Intel Corporation makes up approx 0.35% of Duncker Streett Co Inc’s portfolio.Davis R M Inc boosted its stake in INTC in the latest quarter, The investment management firm added 8,352 additional shares and now holds a total of 22,845 shares of Intel Corporation which is valued at $800,717. Intel Corporation makes up approx 0.04% of Davis R M Inc’s portfolio.Grassi Investment Management reduced its stake in INTC by selling 1,000 shares or 0.53% in the most recent quarter. The Hedge Fund company now holds 188,235 shares of INTC which is valued at $6,590,107. Intel Corporation makes up approx 1.22% of Grassi Investment Management’s portfolio.

Intel Corporation closed down -0.19 points or -0.54% at $35.02 with 1,82,21,644 shares getting traded on Wednesday. Post opening the session at $35.17, the shares hit an intraday low of $34.77 and an intraday high of $35.21 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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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