Intel Corp (INTC) Holder Summit Financial Wealth Advisors LLC Has Decreased Its Position as Valuation Rose

August 10, 2018 - By Robert Shackelford

Intel Corporation (NASDAQ:INTC) LogoInvestors sentiment decreased to 0.76 in Q1 2018. Its down 0.26, from 1.02 in 2017Q4. It dived, as 76 investors sold INTC shares while 796 reduced holdings. 131 funds opened positions while 531 raised stakes. 3.00 billion shares or 1.96% less from 3.06 billion shares in 2017Q4 were reported. Dorsey & Whitney Co Ltd Liability Corp holds 1.02% or 106,792 shares in its portfolio. The Pennsylvania-based Brandywine Glob Mgmt Ltd has invested 1.48% in Intel Corporation (NASDAQ:INTC). 180,424 are held by Earnest Prns Limited Co. Alpine Woods Capital Investors Ltd Liability Company reported 1.32% stake. 176,087 were accumulated by Green Square Capital Limited Liability Co. The Wisconsin-based Mason Street Advisors Limited Liability Co has invested 0.8% in Intel Corporation (NASDAQ:INTC). Reilly Advsr Ltd Company stated it has 54,988 shares. First Bankshares Of Mount Dora Tru Invest holds 3.1% or 129,645 shares. Van Strum And Towne Inc accumulated 13,334 shares. 4,000 are held by Rmsincerbeaux Cap Mngmt Ltd Llc. 9,205 are held by Grandfield And Dodd Llc. Chatham Cap Inc accumulated 16,677 shares. Altfest L J reported 1.33% stake. Moreover, Jp Marvel Investment Advsrs Ltd Liability Com has 1.55% invested in Intel Corporation (NASDAQ:INTC) for 96,203 shares. Shine Invest Advisory Services Inc accumulated 2,030 shares.

Since February 21, 2018, it had 0 insider purchases, and 14 sales for $9.26 million activity. On Tuesday, May 1 Krzanich Brian M sold $162,134 worth of Intel Corporation (NASDAQ:INTC) or 3,072 shares. $31,943 worth of Intel Corporation (NASDAQ:INTC) was sold by McBride Kevin Thomas. Another trade for 20,000 shares valued at $1.07 million was made by HUNDT REED E on Tuesday, May 8. 2,213 shares valued at $116,028 were sold by Rodgers Steven Ralph on Wednesday, July 25. $1.89 million worth of Intel Corporation (NASDAQ:INTC) was sold by BRYANT ANDY D on Tuesday, May 8. YOFFIE DAVID B also sold $1.33M worth of Intel Corporation (NASDAQ:INTC) on Tuesday, May 8.

Summit Financial Wealth Advisors Llc decreased its stake in Intel Corp (INTC) by 53.93% based on its latest 2018Q1 regulatory filing with the SEC. Summit Financial Wealth Advisors Llc sold 84,102 shares as the company’s stock rose 12.89% while stock markets declined. The institutional investor held 71,859 shares of the semiconductors company at the end of 2018Q1, valued at $3.74M, down from 155,961 at the end of the previous reported quarter. Summit Financial Wealth Advisors Llc who had been investing in Intel Corp for a number of months, seems to be less bullish one the $225.87B market cap company. The stock decreased 2.30% or $1.155 during the last trading session, reaching $48.985. About 3.72 million shares traded. Intel Corporation (NASDAQ:INTC) has risen 52.90% since August 10, 2017 and is uptrending. It has outperformed by 40.33% the S&P500.

Summit Financial Wealth Advisors Llc, which manages about $360.13 million and $134.32M US Long portfolio, upped its stake in Schlumberger Ltd (NYSE:SLB) by 47,397 shares to 56,375 shares, valued at $3.65 million in 2018Q1, according to the filing.

Analysts await Intel Corporation (NASDAQ:INTC) to report earnings on October, 25. They expect $1.15 EPS, up 13.86 % or $0.14 from last year’s $1.01 per share. INTC’s profit will be $5.30B for 10.65 P/E if the $1.15 EPS becomes a reality. After $1.04 actual EPS reported by Intel Corporation for the previous quarter, Wall Street now forecasts 10.58 % EPS growth.

More notable recent Intel Corporation (NASDAQ:INTC) news were published by: 247Wallst.com which released: “The 6 Most Shorted Nasdaq Stocks” on August 10, 2018, also Nasdaq.com with their article: “Tuesday’s Vital Data: Advanced Micro Devices, Snap and Alibaba” published on August 07, 2018, Benzinga.com published: “Barclays: The Market Believes AMD Is Gaining On Intel” on August 06, 2018. More interesting news about Intel Corporation (NASDAQ:INTC) were released by: Nasdaq.com and their article: “Thursday’s Vital Data: Tesla, Alibaba and Advanced Micro Devices” published on August 09, 2018 as well as Seekingalpha.com‘s news article titled: “Intel loses court case to the IRS” with publication date: July 24, 2018.

Intel Corporation (NASDAQ:INTC) Ratings Coverage

Among 31 analysts covering Intel Corp (NASDAQ:INTC), 14 have Buy rating, 4 Sell and 13 Hold. Therefore 45% are positive. Intel Corp had 69 analyst reports since February 26, 2018 according to SRatingsIntel. The stock of Intel Corporation (NASDAQ:INTC) has “Sell” rating given on Friday, April 27 by Jefferies. The firm has “Overweight” rating by KeyBanc Capital Markets given on Friday, April 27. The firm has “Buy” rating by Citigroup given on Wednesday, May 30. Credit Suisse maintained the stock with “Outperform” rating in Friday, July 27 report. DZ Bank downgraded the stock to “Hold” rating in Wednesday, March 28 report. The stock of Intel Corporation (NASDAQ:INTC) has “Equal-Weight” rating given on Friday, July 27 by Morgan Stanley. The company was maintained on Monday, February 26 by Nomura. Robert W. Baird maintained it with “Buy” rating and $60.0 target in Monday, February 26 report. Susquehanna maintained it with “Buy” rating and $6200 target in Tuesday, April 17 report. M Partners maintained Intel Corporation (NASDAQ:INTC) on Wednesday, April 11 with “Buy” rating.

Intel Corporation (NASDAQ:INTC) Institutional Positions Chart

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