Kornitzer Capital Management Inc Ks Lowers stake in Intel Corporation (INTC)

Intel Corporation (INTC) : Kornitzer Capital Management Inc Ks reduced its stake in Intel Corporation by 0.14% during the most recent quarter end. The investment management company now holds a total of 1,930,535 shares of Intel Corporation which is valued at $57,993,271 after selling 2,741 shares in Intel Corporation , the firm said in a disclosure report filed with the SEC on May 2, 2016.Intel Corporation makes up approximately 1.04% of Kornitzer Capital Management Inc Ks’s portfolio.

Intel Corporation opened for trading at $29.61 and hit $30.11 on the upside on Friday, eventually ending the session at $30.04, with a gain of 0.47% or 0.14 points. The heightened volatility saw the trading volume jump to 1,96,32,199 shares. Company has a market cap of $141,849 M.

Other Hedge Funds, Including , Thompson Davis reduced its stake in INTC by selling 6,521 shares or 25.03% in the most recent quarter. The Hedge Fund company now holds 19,535 shares of INTC which is valued at $586,831. Intel Corporation makes up approx 0.88% of Thompson Davis’s portfolio.Russell Frank Co boosted its stake in INTC in the latest quarter, The investment management firm added 88,013 additional shares and now holds a total of 10,367,218 shares of Intel Corporation which is valued at $313,919,361. Intel Corporation makes up approx 0.55% of Russell Frank Co’s portfolio. Sawtooth Asset Management sold out all of its stake in INTC during the most recent quarter. The investment firm sold 27,541 shares of INTC which is valued $833,941. Torch Wealth Management added INTC to its portfolio by purchasing 6,900 company shares during the most recent quarter which is valued at $208,932. Intel Corporation makes up approx 0.16% of Torch Wealth Management’s portfolio.St Germain D J Co Inc reduced its stake in INTC by selling 1,202 shares or 1.35% in the most recent quarter. The Hedge Fund company now holds 87,636 shares of INTC which is valued at $2,772,803. Intel Corporation makes up approx 0.39% of St Germain D J Co Inc’s portfolio.

On the company’s financial health, Intel Corporation reported $0.54 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Apr 19, 2016. Analyst had a consensus of $0.48. The company had revenue of $13801.00 million for the quarter, compared to analysts expectations of $13826.41 million. The company’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 EPS.

Many Wall Street Analysts have commented on Intel Corporation. Intel Corporation was Downgraded by Northland Capital to ” Market Perform” on Apr 20, 2016. Company shares were Reiterated by Jefferies on Apr 20, 2016 to “Buy”, Firm has raised the Price Target to $ 42 from a previous price target of $39 .Shares were Reiterated by Cowen on Apr 20, 2016 to “Market Perform” and Lowered the Price Target to $ 32 from a previous price target of $33 .

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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