Intel Corporation (INTC) Rising After-Hours Following Earnings Beat, Improved Guidance

Jean-Marie Eveillard‘s First Eagle Management and Ken Fisher‘s Fisher Asset Management were the largest stockholders of Intel Corporation (NASDAQ:INTC) among the funds that we track as of March 31, with respective holdings of 28.84 million shares valued at $901.95 million and 19.16 million shares valued at $599.25 million. Investment firms that significantly bulked up their holdings during the first trimester include Arrowstreet Capital managed by Peter Rathjens, Bruce Clarke, and John Campbell, which raised its stake in the company by 243% to 12.16 million shares valued at $380.34 million. Other bullish investors include Jim Simons‘ Renaissance Technologies, and Joel Greenblatt’s Gotham Asset Management. On the other hand, the ranks of bears that significantly cut their stakes during the first trimester are formed by, among others, Israel Englander’s Millennium Management and First Pacific Advisors LLC, which is managed by Robert Rodriguez and Steven Romick.

An improvement in Intel Corporation (NASDAQ:INTC)’s financial situation and increased enthusiasm from the elite hedge funds that we track suggests that changes made by the company’s management are successfully taking effect. We would recommend the stock as a buy.

Disclosure: None