Will Intel’s Institutional Investors Buy More Shares on Mobile’s Future?
So far in 2012 investors have been favorable to tech company as Intel Corporation’s (NASDAQ:INTC) shares are up 2.85 percent. Last week, WiFi offload company, Devicescape, announced it is working with Intel to distribute improved connectivity for Intel-powered mobile products such as its Ultrabook devices and tablets. To accomplish this, Devicescape’s Curated Virtual Network (CVN) will be used in millions of hotspots worldwide.
From the Intel Smart Connect Technology, access to email and social networks will be seamless through the hotspots thanks to content updates while mobile devices are in “sleep” mode.
With the news of the enhancements for mobile users, will Intel’s largest shareholder increase their holdings? 1448 institutional firms indicated owning shares of Intel Corporation (NASDAQ:INTC) in Q1 2012. These firms reported owning a total of 3.171 billion shares on 03/31/2012 . The shares closed at $27.92 on 03/31/2012.
Here are the ten largest positions in Intel Corporation at the end of March 31st, 2012.
State Street Corp held 213,785,504 shares on 03/31/2012 worth $6,011,648,552.
Vanguard Group Inc held 212,070,432 shares on 03/31/2012 worth $5,963,420,726.
Blackrock Institutional Trust Company N.A. held 129,088,470 shares on 03/31/2012 worth $3,629,967,885.
Bank of New York Mellon Corp held 92,481,291 shares on 03/31/2012 worth $2,600,573,981.
Invesco Ltd. held 85,972,680 shares on 03/31/2012 worth $2,417,551,834.
American Century Companies Inc held 71,394,000 shares on 03/31/2012 worth $82,460,000.
Pioneer Investment Management Inc held 63,750,000 shares on 03/31/2012 worth $73,313,000.
JPMorgan Chase & Co held 62,655,000 shares on 03/31/2012 worth $72,054,000.
Advent Capital Management /De/ held 61,561,000 shares on 03/31/2012 worth $77,323,000.
Harris Associates LP held 59,884,480 shares on 03/31/2012 worth $1,683,951,628.
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