Ashmore Wealth Management LLC Cut Its Position in Intel Corp (INTC) as Share Price Rose

April 23, 2018 - By Clifton Ray

Intel Corporation (NASDAQ:INTC) LogoInvestors sentiment decreased to 1.02 in 2017 Q4. Its down 0.01, from 1.03 in 2017Q3. It turned negative, as 60 investors sold INTC shares while 703 reduced holdings. 177 funds opened positions while 601 raised stakes. 3.06 billion shares or 0.43% more from 3.05 billion shares in 2017Q3 were reported. Cibc Ww reported 0.57% in Intel Corporation (NASDAQ:INTC). Windward Mngmt Communications Ca has 30,907 shares for 0.21% of their portfolio. Mcf Advsr Limited Liability Co has 0.09% invested in Intel Corporation (NASDAQ:INTC). Moreover, Clear Harbor Asset Lc has 0.15% invested in Intel Corporation (NASDAQ:INTC) for 16,913 shares. Keating Counselors has invested 4.24% in Intel Corporation (NASDAQ:INTC). Moreover, First Comml Bank Of Omaha has 0.02% invested in Intel Corporation (NASDAQ:INTC). Winslow Asset Mgmt owns 2.24% invested in Intel Corporation (NASDAQ:INTC) for 264,011 shares. Myriad Asset Mgmt Limited owns 500,000 shares. Hanseatic Mngmt Svcs invested in 0.05% or 1,161 shares. Berson & Corrado Investment Advisors Ltd Com reported 0.61% of its portfolio in Intel Corporation (NASDAQ:INTC). Tru Of Toledo Na Oh holds 1.55% of its portfolio in Intel Corporation (NASDAQ:INTC) for 135,189 shares. 92,692 were accumulated by Hoertkorn Richard Charles. Adirondack Tru Com owns 54,235 shares. Sei has 1.21M shares for 0.19% of their portfolio. Pennsylvania-based Blb&B Limited Liability Corp has invested 2.6% in Intel Corporation (NASDAQ:INTC).

Since October 25, 2017, it had 0 buys, and 16 insider sales for $32.41 million activity. $880,540 worth of stock was sold by RENDUCHINTALA VENKATA S M on Wednesday, January 31. $61,774 worth of stock was sold by Shenoy Navin on Tuesday, January 30. Krzanich Brian M sold $267,663 worth of Intel Corporation (NASDAQ:INTC) on Tuesday, January 23. Shares for $20.89M were sold by Smith Stacy J on Monday, October 30. Bryant Diane M had sold 2,119 shares worth $87,011. On Wednesday, February 21 the insider McBride Kevin Thomas sold $31,943.

Ashmore Wealth Management Llc decreased its stake in Intel Corp (INTC) by 7.41% based on its latest 2017Q4 regulatory filing with the SEC. Ashmore Wealth Management Llc sold 257,707 shares as the company’s stock rose 9.61% while stock markets declined. The institutional investor held 3.22 million shares of the semiconductors company at the end of 2017Q4, valued at $148.71 million, down from 3.48 million at the end of the previous reported quarter. Ashmore Wealth Management Llc who had been investing in Intel Corp for a number of months, seems to be less bullish one the $241.07B market cap company. The stock decreased 1.32% or $0.69 during the last trading session, reaching $51.53. About 26.91 million shares traded. Intel Corporation (NASDAQ:INTC) has risen 44.65% since April 23, 2017 and is uptrending. It has outperformed by 33.10% the S&P500.

Analysts await Intel Corporation (NASDAQ:INTC) to report earnings on April, 26 after the close. They expect $0.71 EPS, up 7.58 % or $0.05 from last year’s $0.66 per share. INTC’s profit will be $3.32B for 18.14 P/E if the $0.71 EPS becomes a reality. After $1.08 actual EPS reported by Intel Corporation for the previous quarter, Wall Street now forecasts -34.26 % negative EPS growth.

Intel Corporation (NASDAQ:INTC) Ratings Coverage

Among 33 analysts covering Intel Corp (NASDAQ:INTC), 21 have Buy rating, 3 Sell and 9 Hold. Therefore 64% are positive. Intel Corp has $70 highest and $34.0 lowest target. $53.18’s average target is 3.20% above currents $51.53 stock price. Intel Corp had 61 analyst reports since October 26, 2017 according to SRatingsIntel. The stock of Intel Corporation (NASDAQ:INTC) earned “Sell” rating by Bernstein on Tuesday, April 3. As per Monday, April 2, the company rating was maintained by RBC Capital Markets. As per Thursday, March 22, the company rating was maintained by Wells Fargo. Mizuho maintained the stock with “Buy” rating in Tuesday, December 26 report. The stock of Intel Corporation (NASDAQ:INTC) has “Buy” rating given on Thursday, January 25 by KeyBanc Capital Markets. The firm has “Buy” rating by Bank of America given on Friday, October 27. Northland Capital maintained Intel Corporation (NASDAQ:INTC) on Friday, October 27 with “Hold” rating. The firm has “Buy” rating given on Friday, January 26 by Deutsche Bank. The company was maintained on Thursday, January 25 by Stifel Nicolaus. The firm has “Hold” rating given on Friday, January 26 by SunTrust.

Intel Corporation (NASDAQ:INTC) Institutional Positions Chart

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