California Public Employees Retirement System Has Trimmed Its Intel Corp (INTC) Stake as Share Price Rose

May 23, 2018 - By Tina Thibodeau

Intel Corporation (NASDAQ:INTC) LogoInvestors sentiment decreased to 1.02 in Q4 2017. Its down 0.01, from 1.03 in 2017Q3. It is 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. Orca Investment Management Ltd Limited Liability Company invested 1.2% in Intel Corporation (NASDAQ:INTC). Private Trust Na has 0.54% invested in Intel Corporation (NASDAQ:INTC). Opus Inv Mgmt Inc holds 129,600 shares. Ghp Advsrs owns 115,197 shares. 52,429 are held by Homrich Berg. Armstrong Henry H Associate owns 4.13% invested in Intel Corporation (NASDAQ:INTC) for 531,079 shares. Moreover, James Investment Rech has 1.4% invested in Intel Corporation (NASDAQ:INTC). Bremer Natl Association stated it has 1.11% of its portfolio in Intel Corporation (NASDAQ:INTC). Ct Mason reported 76,736 shares stake. Gibraltar Capital Management stated it has 4.72% of its portfolio in Intel Corporation (NASDAQ:INTC). Brinker Capital reported 0.4% in Intel Corporation (NASDAQ:INTC). Bath Savings Trust owns 21,570 shares for 0.25% of their portfolio. 6,850 are owned by Perkins Capital Mngmt. Strategic Advisors Ltd Liability Corporation stated it has 0.58% of its portfolio in Intel Corporation (NASDAQ:INTC). Dreman Value Mgmt L L C accumulated 54,992 shares.

Since January 22, 2018, it had 0 insider purchases, and 21 insider sales for $11.14 million activity. $3.62 million worth of Intel Corporation (NASDAQ:INTC) was sold by Krzanich Brian M on Friday, February 23. On Tuesday, May 8 YOFFIE DAVID B sold $1.33M worth of Intel Corporation (NASDAQ:INTC) or 25,000 shares. The insider RENDUCHINTALA VENKATA S M sold $880,540. 35,693 Intel Corporation (NASDAQ:INTC) shares with value of $1.89M were sold by BRYANT ANDY D. McBride Kevin Thomas sold $31,943 worth of stock or 686 shares. The insider HUNDT REED E sold $1.07 million.

California Public Employees Retirement System decreased its stake in Intel Corp (INTC) by 1.06% based on its latest 2017Q4 regulatory filing with the SEC. California Public Employees Retirement System sold 128,690 shares as the company’s stock rose 9.61% while stock markets declined. The institutional investor held 12.06M shares of the semiconductors company at the end of 2017Q4, valued at $556.77 million, down from 12.19M at the end of the previous reported quarter. California Public Employees Retirement System who had been investing in Intel Corp for a number of months, seems to be less bullish one the $254.11 billion market cap company. The stock increased 0.15% or $0.08 during the last trading session, reaching $54.53. About 9.50 million shares traded. Intel Corporation (NASDAQ:INTC) has risen 44.65% since May 23, 2017 and is uptrending. It has outperformed by 33.10% the S&P500.

California Public Employees Retirement System, which manages about $73.97B US Long portfolio, upped its stake in Alnylam Pharmaceuticals Inc (NASDAQ:ALNY) by 62,832 shares to 196,038 shares, valued at $24.91M in 2017Q4, according to the filing. It also increased its holding in Berkshire Hathaway Inc (BRKB) by 129,954 shares in the quarter, for a total of 3.26 million shares, and has risen its stake in Darden Restaurants Inc (NYSE:DRI).

Analysts await Intel Corporation (NASDAQ:INTC) to report earnings on July, 26. They expect $0.86 earnings per share, up 19.44 % or $0.14 from last year’s $0.72 per share. INTC’s profit will be $4.01 billion for 15.85 P/E if the $0.86 EPS becomes a reality. After $0.87 actual earnings per share reported by Intel Corporation for the previous quarter, Wall Street now forecasts -1.15 % negative EPS growth.

More notable recent Intel Corporation (NASDAQ:INTC) news were published by: Seekingalpha.com which released: “Intel Delivers” on May 21, 2018, also Seekingalpha.com with their article: “Intel: The 15-Plus Year Breakout – Part 2” published on April 28, 2018, Seekingalpha.com published: “Big self-driving car deal for Mobileye” on May 17, 2018. More interesting news about Intel Corporation (NASDAQ:INTC) were released by: Seekingalpha.com and their article: “Intel: The Epyc Struggle Continues” published on May 01, 2018 as well as Seekingalpha.com‘s news article titled: “Intel And Mobileye Are Tearing Down Nvidia’s Self-Driving Car Strategy” with publication date: May 22, 2018.

Intel Corporation (NASDAQ:INTC) Ratings Coverage

Among 32 analysts covering Intel Corp (NASDAQ:INTC), 21 have Buy rating, 2 Sell and 9 Hold. Therefore 66% are positive. Intel Corp had 65 analyst reports since December 26, 2017 according to SRatingsIntel. The rating was upgraded by Raymond James on Monday, March 26 to “Hold”. Deutsche Bank maintained it with “Buy” rating and $55.0 target in Friday, January 26 report. The rating was maintained by Wells Fargo on Friday, April 27 with “Buy”. The stock of Intel Corporation (NASDAQ:INTC) has “Sell” rating given on Tuesday, April 3 by Rosenblatt. Robert W. Baird maintained the shares of INTC in report on Thursday, January 25 with “Buy” rating. Barclays Capital maintained the shares of INTC in report on Friday, April 27 with “Overweight” rating. The stock has “Buy” rating by Tigress Financial on Thursday, April 5. The stock has “Buy” rating by B. Riley & Co on Friday, April 27. Roth Capital maintained the stock with “Buy” rating in Friday, January 26 report. Barclays Capital maintained the stock with “Overweight” rating in Thursday, April 19 report.

Intel Corporation (NASDAQ:INTC) Institutional Positions Chart

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