Anti-Intel Corp Institutional Investors Sentiment Runs Low in 2019 Q2

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Sentiment for Intel Corp (NASDAQ:INTC)

Intel Corp (NASDAQ:INTC) institutional sentiment decreased to 0.8 in Q2 2019. Its down -0.06, from 0.86 in 2019Q1. The ratio worsened, as 634 investment professionals opened new or increased holdings, while 795 cut down and sold their equity positions in Intel Corp. The investment professionals in our partner’s database now possess: 2.79 billion shares, down from 2.84 billion shares in 2019Q1. Also, the number of investment professionals holding Intel Corp in their top 10 holdings decreased from 201 to 119 for a decrease of 82. Sold All: 78 Reduced: 717 Increased: 523 New Position: 111.

Intel Corporation designs, manufactures, and sells computer, networking, and communications platforms worldwide. The company has market cap of $234.15 billion. The firm operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Intel Security Group, Programmable Solutions Group, and All Other divisions. It has a 12.23 P/E ratio. The Company’s platforms are used in notebooks, 2 in 1 systems, desktops, servers, tablets, smartphones, wireless and wired connectivity products, and mobile communication components; enterprise, cloud, and communication infrastructure; and retail, transportation, industrial, video, buildings, and other market divisions.

The stock decreased 0.71% or $0.38 during the last trading session, reaching $52.63. About 13.14M shares traded. Intel Corporation (NASDAQ:INTC) has risen 6.00% since September 13, 2018 and is uptrending. It has outperformed by 6.00% the S&P500.

Analysts await Intel Corporation (NASDAQ:INTC) to report earnings on October, 24. They expect $1.24 EPS, down 11.43 % or $0.16 from last year’s $1.4 per share. INTC’s profit will be $5.52B for 10.61 P/E if the $1.24 EPS becomes a reality. After $1.06 actual EPS reported by Intel Corporation for the previous quarter, Wall Street now forecasts 16.98 % EPS growth.

Srb Corp holds 18.08% of its portfolio in Intel Corporation for 4.05 million shares. Price Michael F owns 2.04 million shares or 12.66% of their US portfolio. Moreover, Gibraltar Capital Management Inc. has 7.5% invested in the company for 152,105 shares. The Delaware-based Ashmore Wealth Management Llc has invested 6.82% in the stock. Platinum Investment Management Ltd, a Australia-based fund reported 5.52 million shares.

Intel Corporation (NASDAQ:INTC) Ratings Coverage

Ratings analysis reveals 55% of Intel’s analysts are positive. Out of 11 Wall Street analysts rating Intel, 6 give it “Buy”, 3 “Sell” rating, while 2 recommend “Hold”. The lowest target is $37.5000 while the high is $65. The stock’s average target of $53.90 is 2.41% above today’s ($52.63) share price. INTC was included in 26 notes of analysts from March 15, 2019. The firm earned “Sell” rating on Friday, March 15 by Northland Capital. As per Friday, April 5, the company rating was downgraded by Wells Fargo. Morgan Stanley maintained it with “Overweight” rating and $6300 target in Friday, April 26 report. Bank of America maintained the stock with “Buy” rating in Monday, July 22 report. The stock of Intel Corporation (NASDAQ:INTC) has “Underperform” rating given on Friday, July 26 by Wedbush. On Thursday, May 9 the stock rating was maintained by Wells Fargo with “Market Perform”. Deutsche Bank maintained Intel Corporation (NASDAQ:INTC) rating on Thursday, May 9. Deutsche Bank has “Buy” rating and $6000 target. Morgan Stanley maintained Intel Corporation (NASDAQ:INTC) rating on Monday, June 10. Morgan Stanley has “Overweight” rating and $6100 target. On Friday, July 26 the stock rating was maintained by Robert W. Baird with “Outperform”. Deutsche Bank maintained Intel Corporation (NASDAQ:INTC) on Friday, April 26 with “Buy” rating.

More notable recent Intel Corporation (NASDAQ:INTC) news were published by: Nasdaq.com which released: “Noteworthy Wednesday Option Activity: HSY, INTC, LMT – Nasdaq” on September 04, 2019, also Nasdaq.com with their article: “Why Intel (INTC) Could Beat Earnings Estimates Again – Nasdaq” published on April 09, 2019, Nasdaq.com published: “Why Intel (INTC) Might Surprise This Earnings Season – Nasdaq” on April 24, 2019. More interesting news about Intel Corporation (NASDAQ:INTC) were released by: Seekingalpha.com and their article: “Mobileye breaks ground on Jerusalem facility – Seeking Alpha” published on August 29, 2019 as well as Nasdaq.com‘s news article titled: “After Hours Most Active for Aug 28, 2019 : PDD, SNAP, CTL, NCMI, AABA, INTC, MBB, FCX, TRIP, BAC, HES, SYF – Nasdaq” with publication date: August 28, 2019.

Intel Corporation (NASDAQ:INTC) Institutional Positions Chart

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