Blackrock Group Ltd buys $1,448,963,143 stake in Intel Corporation (INTC)

Intel Corporation (INTC) : Blackrock Group Ltd scooped up 690,164 additional shares in Intel Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 41,913,889 shares of Intel Corporation which is valued at $1,448,963,143.Intel Corporation makes up approximately 0.73% of Blackrock Group Ltd’s portfolio.

Other Hedge Funds, Including , Capital Advantage reduced its stake in INTC by selling 407 shares or 1.81% in the most recent quarter. The Hedge Fund company now holds 22,065 shares of INTC which is valued at $762,787. Intel Corporation makes up approx 0.22% of Capital Advantage’s portfolio.Columbia Asset Management reduced its stake in INTC by selling 2,715 shares or 1.47% in the most recent quarter. The Hedge Fund company now holds 182,293 shares of INTC which is valued at $6,321,921. Intel Corporation makes up approx 2.17% of Columbia Asset Management’s portfolio.Shelton Capital Management boosted its stake in INTC in the latest quarter, The investment management firm added 18,709 additional shares and now holds a total of 423,711 shares of Intel Corporation which is valued at $14,512,102. Intel Corporation makes up approx 1.26% of Shelton Capital Management’s portfolio. Private Capital Advisors added INTC to its portfolio by purchasing 201,125 company shares during the most recent quarter which is valued at $6,970,993. Intel Corporation makes up approx 2.56% of Private Capital Advisors’s portfolio.

Intel Corporation opened for trading at $34.84 and hit $35.27 on the upside on Friday, eventually ending the session at $35.24, with a gain of 0.77% or 0.27 points. The heightened volatility saw the trading volume jump to 1,64,17,640 shares. Company has a market cap of $166,720 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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