Intel Corporation (INTC): Micron Technology, Inc. (MU)’s Dismal Quarterly Results Eclipsed the Entire Computer Hardware Industry

Among the funds tracked by Insider Monkey, Fisher Asset Management, managed by Ken Fisher, holds the most valuable position in Intel Corporation (NASDAQ:INTC). Fisher Asset Management has a $599.2 million position in the stock with 19.16 million shares, comprising 1.2% of its 13F portfolio. On Fisher Asset Management’s heels is Arrowstreet Capital, led by Peter Rathjens, Bruce Clarke and John Campbell, holding a $380.3 million position with 12.16 million shares; the fund has 2.3% of its 13F portfolio invested in the stock. Other members of the smart money that are bullish comprise Kerr Neilson’s Platinum Asset Management, Richard S. Pzena’s Pzena Investment Management and Cliff Asness’s AQR Capital Management.

Because Intel Corporation (NASDAQ:INTC) has witnessed declining sentiment from the smart money, we can see that there is a number of “hedgies” who disclosed closing their stakes in the last round of 13F filings. Among them is Michael Messner’s Seminole Capital (Investment Mgmt), which sold. 3.71 million shares and Matthew Hulsizer, PEAK6 Capital Management, which held previously held 880,500 shares.

With favorable conditions lining up for the company and a neutral hedge fund sentiment, we suggest buying shares of Intel Corporation (NASDAQ:INTC).

Disclosure: None