Pacer Advisors buys $4.5 Million stake in Intel Corporation (INTC)

Intel Corporation (INTC) : Pacer Advisors scooped up 4,433 additional shares in Intel Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 150,724 shares of Intel Corporation which is valued at $4.5 Million.Intel Corporation makes up approximately 1.00% of Pacer Advisors’s portfolio.

Other Hedge Funds, Including , Hbk Investments L P sold out all of its stake in INTC during the most recent quarter. The investment firm sold 23,100 shares of INTC which is valued $690,921.Stearns Financial Services Group boosted its stake in INTC in the latest quarter, The investment management firm added 1,511 additional shares and now holds a total of 95,254 shares of Intel Corporation which is valued at $2.8 Million. Intel Corporation makes up approx 0.85% of Stearns Financial Services Group’s portfolio.Pictet North America Advisors Sa boosted its stake in INTC in the latest quarter, The investment management firm added 32,432 additional shares and now holds a total of 41,926 shares of Intel Corporation which is valued at $1.3 Million. Intel Corporation makes up approx 0.27% of Pictet North America Advisors Sa’s portfolio.Nichols Pratt Advisers Llp reduced its stake in INTC by selling 400 shares or 0.08% in the most recent quarter. The Hedge Fund company now holds 475,532 shares of INTC which is valued at $14.3 Million. Intel Corporation makes up approx 1.33% of Nichols Pratt Advisers Llp’s portfolio.

Intel Corporation opened for trading at $31.2 and hit $31.57 on the upside on Wednesday, eventually ending the session at $31.39, with a gain of 1.06% or 0.33 points. The heightened volatility saw the trading volume jump to 1,84,22,746 shares. Company has a market cap of $148,224 M.

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. Credit Agricole Initiated Intel Corporation on May 17, 2016 to “Underperform”, Price Target of the shares are set at $30.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 .

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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