Profund Advisors Llc increased its stake in Intel Corp (INTC) by 126.56% based on its latest 2016Q3 regulatory filing with the SEC. Profund Advisors Llc bought 527,810 shares as the company’s stock rose 15.27% with the market. The institutional investor held 944,845 shares of the semiconductors company at the end of 2016Q3, valued at $35.67M, up from 417,035 at the end of the previous reported quarter. Profund Advisors Llc who had been investing in Intel Corp for a number of months, seems to be bullish on the $173.78B market cap company. The stock decreased 0.19% or $0.07 during the last trading session, hitting $36.54. About 155 shares traded hands. Intel Corporation (NASDAQ:INTC) has risen 14.62% since June 7, 2016 and is uptrending. It has outperformed by 7.19% the S&P500.
Profund Advisors Llc, which manages about $4.85 billion and $2.10B US Long portfolio, decreased its stake in Amgen Inc (NASDAQ:AMGN) by 19,888 shares to 429,952 shares, valued at $71.72M in 2016Q3, according to the filing. It also reduced its holding in Gilead Sciences Inc (NASDAQ:GILD) by 38,416 shares in the quarter, leaving it with 758,693 shares, and cut its stake in At&T Inc (NYSE:T).
Profund Advisors Llc is a Maryland-based institutional investor with more than $4.85 billion AUM in March, 2014. Taken from Profund Advisors latest Adv, the fund reported to have 87 full and part-time employees. Among which 42 performing investment advisory and research functions. The institutional investor had more than 200 clients.
Insitutional Activity: The institutional sentiment decreased to 0.99 in 2016 Q3. Its down 0.02, from 1.01 in 2016Q2. The ratio dropped, as 49 funds sold all INTC shares owned while 698 reduced positions. 162 funds bought stakes while 578 increased positions. They now own 2.97 billion shares or 1.19% more from 2.94 billion shares in 2016Q2. Motley Fool Asset Limited Liability Corp has invested 1.82% of its portfolio in Intel Corporation (NASDAQ:INTC). Roanoke Asset Mngmt Ny owns 21,651 shares or 0.37% of their US portfolio. Ruggie Cap Gru holds 1,815 shares or 0.06% of its portfolio. Moreover, Fil has 0.2% invested in Intel Corporation (NASDAQ:INTC) for 1.78 million shares. Jacobs Levy Equity Mngmt has invested 0.25% of its portfolio in Intel Corporation (NASDAQ:INTC). Moreover, Newman Dignan Sheerar Inc has 2.25% invested in Intel Corporation (NASDAQ:INTC) for 94,767 shares. Castleark Mngmt Ltd Liability has 4,700 shares for 0.01% of their US portfolio. Marathon last reported 0.34% of its portfolio in the stock. Chelsea Counsel holds 0.18% or 9,106 shares in its portfolio. Raymond James Financial Svcs Advsr reported 1.15 million shares or 0.39% of all its holdings. The Germany-based Deutsche Savings Bank Ag has invested 0.6% in Intel Corporation (NASDAQ:INTC). Budros Ruhlin And Roe owns 82,663 shares or 1.03% of their US portfolio. Bank Of Hawaii has 0.41% invested in the company for 117,180 shares. Thomas Story And Son Limited Liability Co has 6.47% invested in the company for 279,279 shares. Tdam Usa accumulated 1.15% or 613,281 shares.
Insider Transactions: Since July 21, 2016, the stock had 0 insider purchases, and 13 insider sales for $37.29 million net activity. PEARSON GREGORY R sold $9.13M worth of Intel Corporation (NASDAQ:INTC) on Tuesday, September 6. Another trade for 11,607 shares valued at $403,281 was made by Bryant Diane M on Tuesday, December 6. 29,497 shares were sold by Smith Stacy J, worth $1.04M on Thursday, October 20. Krzanich Brian M also sold $2.55M worth of Intel Corporation (NASDAQ:INTC) shares. RENDUCHINTALA VENKATA S M sold $488,775 worth of stock or 13,997 shares. 445,095 shares with value of $15.44M were sold by BRYANT ANDY D on Monday, July 25.
More notable recent Intel Corporation (NASDAQ:INTC) news were published by: Fool.com which released: “Intel Corporation Quietly Forms Connectivity Group, Promotes Executive” on January 10, 2017, also Foxbusiness.com with their article: “Intel Corporation PC Chief Talks Manufacturing Strategy” published on January 09, 2017, Fool.com published: “Intel Corporation’s Best Moves in 2016” on January 04, 2017. More interesting news about Intel Corporation (NASDAQ:INTC) were released by: Fool.com and their article: “Intel Corporation Outs Its First 5G Modem” published on January 06, 2017 as well as Foxbusiness.com‘s news article titled: “3 Things You Need to Know About Intel Corporations 7th-Generation Core Processors” with publication date: January 06, 2017.
According to Zacks Investment Research, “Intel Corporation is one of the world’s largest semiconductor chip maker. The Company develops advanced integrated digital technology products, primarily integrated circuits, for industries such as computing and communications. It also develops platforms, which it defines as integrated suites of digital computing technologies that are designed and configured to work together to provide an optimized user computing solution compared to components that are used separately. Intel designs and manufactures computing and communications components, such as microprocessors, chipsets, motherboards, and wireless and wired connectivity products, as well as platforms that incorporate these components. The Company sells its products primarily to original equipment manufacturers, original design manufacturers, PC and network communications products users, and other manufacturers of industrial and communications equipment. Intel Corporation is based in Santa Clara, California.”
Intel Corporation (NASDAQ:INTC) Ratings Coverage
Out of 45 analysts covering Intel Corporation (NASDAQ:INTC), 30 rate it a “Buy”, 2 “Sell”, while 13 “Hold”. This means 67% are positive. $60.0 is the highest target while $25 is the lowest. The $39.78 average target is 8.87% above today’s ($36.54) stock price. Intel Corporation has been the topic of 128 analyst reports since August 7, 2015 according to StockzIntelligence Inc. On Wednesday, October 14 the stock rating was upgraded by Summit Research to “Buy”. The firm earned “Neutral” rating on Monday, September 19 by Citigroup. The stock has “Buy” rating given by M Partners on Monday, August 24. The rating was maintained by TH Capital with “Buy” on Monday, January 18. The firm has “Buy” rating given on Monday, March 21 by UBS. Morgan Stanley maintained the stock with “Underweight” rating in Wednesday, October 19 report. Barclays Capital maintained Intel Corporation (NASDAQ:INTC) rating on Thursday, July 21. Barclays Capital has “Equal-Weight” rating and $33 price target. The stock of Intel Corporation (NASDAQ:INTC) earned “Market Perform” rating by Cowen & Co on Friday, September 16. The firm earned “Market Outperform” rating on Friday, November 20 by JMP Securities. The firm has “Buy” rating by Canaccord Genuity given on Monday, August 24.
INTC Company Profile
Intel Corporation, incorporated on March 1, 1989, is engaged in the design and manufacture of digital technology platforms. The Firm 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 divisions include Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Software and Services (SSG) and All Other. The Company’s All Other segment includes Non-Volatile Memory Solutions Group and the New Devices Group. The Company’s platforms are used to deliver a range of computing experiences in notebooks (including Ultrabook devices), 2 in 1 systems, desktops, servers, tablets, smartphones, and the Internet of Things (including wearables, transportation systems and retail devices). It also develops and sells software and services focused on security and technology integration.
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