Northpointe Capital Boosted Matthews Intl (MATW) Holding by $1.33 Million; Valuation Declined; As Intel (INTC) Shares Rose, Conning Has Cut Holding by $5.72 Million

May 18, 2018 - By Linda Rogers

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Conning Inc decreased its stake in Intel Corp (INTC) by 11.66% based on its latest 2017Q4 regulatory filing with the SEC. Conning Inc sold 124,363 shares as the company’s stock rose 9.61% while stock markets declined. The institutional investor held 941,988 shares of the semiconductors company at the end of 2017Q4, valued at $43.48 million, down from 1.07M at the end of the previous reported quarter. Conning Inc who had been investing in Intel Corp for a number of months, seems to be less bullish one the $255.42 billion market cap company. The stock increased 0.31% or $0.17 during the last trading session, reaching $54.81. About 13.98M shares traded. Intel Corporation (NASDAQ:INTC) has risen 44.65% since May 18, 2017 and is uptrending. It has outperformed by 33.10% the S&P500.

Northpointe Capital Llc increased its stake in Matthews Intl Corp (MATW) by 53.6% based on its latest 2017Q4 regulatory filing with the SEC. Northpointe Capital Llc bought 25,555 shares as the company’s stock declined 7.00% with the market. The institutional investor held 73,236 shares of the metal fabrications company at the end of 2017Q4, valued at $3.87 million, up from 47,681 at the end of the previous reported quarter. Northpointe Capital Llc who had been investing in Matthews Intl Corp for a number of months, seems to be bullish on the $1.71 billion market cap company. The stock increased 1.34% or $0.7 during the last trading session, reaching $53.05. About 59,864 shares traded. Matthews International Corporation (NASDAQ:MATW) has declined 24.55% since May 18, 2017 and is downtrending. It has underperformed by 36.10% the S&P500.

Conning Inc, which manages about $80.03 billion and $3.03B US Long portfolio, upped its stake in Wells Fargo Co New (NYSE:WFC) by 26,266 shares to 723,493 shares, valued at $43.89M in 2017Q4, according to the filing. It also increased its holding in Seagate Technology Plc (NASDAQ:STX) by 43,048 shares in the quarter, for a total of 74,971 shares, and has risen its stake in Invesco Ltd (NYSE:IVZ).

Among 55 analysts covering Intel Corporation (NASDAQ:INTC), 36 have Buy rating, 3 Sell and 16 Hold. Therefore 65% are positive. Intel Corporation had 264 analyst reports since August 7, 2015 according to SRatingsIntel. Roth Capital maintained it with “Buy” rating and $43.0 target in Friday, October 20 report. Nomura maintained Intel Corporation (NASDAQ:INTC) on Friday, October 27 with “Buy” rating. As per Thursday, July 21, the company rating was maintained by Credit Suisse. The rating was maintained by Deutsche Bank with “Buy” on Sunday, August 30. Macquarie Research upgraded the shares of INTC in report on Monday, January 25 to “Outperform” rating. As per Thursday, October 22, the company rating was maintained by RBC Capital Markets. The firm has “Buy” rating given on Monday, September 19 by Argus Research. RBC Capital Markets maintained Intel Corporation (NASDAQ:INTC) on Monday, April 2 with “Hold” rating. On Friday, January 26 the stock rating was maintained by SunTrust with “Hold”. On Thursday, June 1 the stock rating was maintained by Jefferies with “Hold”.

Since January 22, 2018, it had 0 buys, and 21 selling transactions for $11.14 million activity. $436,410 worth of stock was sold by Shenoy Navin on Friday, February 23. YOFFIE DAVID B also sold $1.33M worth of Intel Corporation (NASDAQ:INTC) on Tuesday, May 8. $66,959 worth of Intel Corporation (NASDAQ:INTC) was sold by RENDUCHINTALA VENKATA S M on Wednesday, February 7. Another trade for 686 shares valued at $31,943 was made by McBride Kevin Thomas on Wednesday, February 21. 35,693 shares valued at $1.89 million were sold by BRYANT ANDY D on Tuesday, May 8. HUNDT REED E sold $1.07M worth of stock or 20,000 shares.

Investors sentiment decreased to 1.02 in Q4 2017. Its down 0.01, from 1.03 in 2017Q3. It worsened, 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. Waddell And Reed Finance Incorporated stated it has 0.39% in Intel Corporation (NASDAQ:INTC). Moreover, Thompson Rubinstein Invest Mngmt Or has 3.87% invested in Intel Corporation (NASDAQ:INTC). Merriman Wealth Limited Company reported 15,054 shares. Marietta Prns Llc reported 0.15% of its portfolio in Intel Corporation (NASDAQ:INTC). 734,690 were accumulated by Bartlett & Ltd Liability Corp. Voya Investment Mgmt Ltd Liability Corporation accumulated 3.92 million shares or 0.38% of the stock. Rosenbaum Jay D holds 5.8% of its portfolio in Intel Corporation (NASDAQ:INTC) for 68,277 shares. Zevin Asset Management Ltd Llc has invested 0.89% of its portfolio in Intel Corporation (NASDAQ:INTC). Autus Asset Ltd Liability has invested 0.28% in Intel Corporation (NASDAQ:INTC). Webster Bank N A holds 80,673 shares or 0.51% of its portfolio. Spears Abacus Advsrs Limited Liability reported 12,664 shares. Mount Vernon Associate Md accumulated 3.31% or 47,625 shares. Origin Asset Mngmt Llp holds 168,800 shares. Scotia owns 0.58% invested in Intel Corporation (NASDAQ:INTC) for 938,802 shares. Mackenzie Fincl stated it has 0.33% of its portfolio in Intel Corporation (NASDAQ:INTC).

More notable recent Intel Corporation (NASDAQ:INTC) news were published by: Seekingalpha.com which released: “Intel: The 15-Plus Year Breakout – Part 2” on April 28, 2018, also Seekingalpha.com with their article: “Intel Corporation’s (INTC) CEO Brian Krzanich Hosts 2018 Stockholders’ Meeting (Transcript)” published on May 17, 2018, Seekingalpha.com published: “Intel’s self-driving cars testing in Jerusalem” on May 17, 2018. More interesting news about Intel Corporation (NASDAQ:INTC) were released by: Seekingalpha.com and their article: “Intel’s Dividend Strength Remains On Display” published on May 13, 2018 as well as Seekingalpha.com‘s news article titled: “Israel Finance Ministry says Intel will invest $5B” with publication date: May 15, 2018.

Analysts await Intel Corporation (NASDAQ:INTC) to report earnings on July, 26. They expect $0.86 EPS, up 19.44% or $0.14 from last year’s $0.72 per share. INTC’s profit will be $4.01 billion for 15.93 P/E if the $0.86 EPS becomes a reality. After $0.87 actual EPS reported by Intel Corporation for the previous quarter, Wall Street now forecasts -1.15% negative EPS growth.

Northpointe Capital Llc, which manages about $1.18B and $892.52 million US Long portfolio, decreased its stake in Fabrinet (NYSE:FN) by 67,899 shares to 171,836 shares, valued at $4.93 million in 2017Q4, according to the filing. It also reduced its holding in American Axle & Mfg Hldgs In (NYSE:AXL) by 51,372 shares in the quarter, leaving it with 509,190 shares, and cut its stake in Tivo Corp.

Since January 30, 2018, it had 4 insider buys, and 0 selling transactions for $408,071 activity. GARCIA TUNON ALVARO bought $52,000 worth of Matthews International Corporation (NASDAQ:MATW) on Monday, February 5.

Investors sentiment increased to 1.59 in Q4 2017. Its up 0.39, from 1.2 in 2017Q3. It is positive, as 21 investors sold MATW shares while 40 reduced holdings. 31 funds opened positions while 66 raised stakes. 25.34 million shares or 0.86% more from 25.12 million shares in 2017Q3 were reported. 21,373 were reported by Bahl And Gaynor. Qs Limited reported 10 shares. Ubs Asset Americas invested in 0% or 20,744 shares. Goldman Sachs Group has invested 0% of its portfolio in Matthews International Corporation (NASDAQ:MATW). Comerica National Bank & Trust stated it has 33,035 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 1,438 shares or 0% of its portfolio. Credit Suisse Ag holds 34,951 shares. Rhumbline Advisers invested 0.01% in Matthews International Corporation (NASDAQ:MATW). Ariel Invs Limited Liability Corporation owns 157,426 shares for 0.09% of their portfolio. Empirical Fin Ser Ltd Liability Com reported 13,806 shares. Northern Trust Corporation owns 411,576 shares for 0.01% of their portfolio. Eagle Boston Mngmt Inc has invested 0.97% in Matthews International Corporation (NASDAQ:MATW). California Pub Employees Retirement Systems invested in 26,665 shares or 0% of the stock. Louisiana State Employees Retirement System stated it has 0.03% in Matthews International Corporation (NASDAQ:MATW). Moreover, Swiss Commercial Bank has 0% invested in Matthews International Corporation (NASDAQ:MATW).

More news for Matthews International Corporation (NASDAQ:MATW) were recently published by: Globenewswire.com, which released: “Matthews International Reports Results for Fiscal 2018 Second Quarter” on April 26, 2018. Seekingalpha.com‘s article titled: “Matthews International’s (MATW) CEO Joe Bartolacci on Q2 2018 Results – Earnings Call Transcript” and published on April 28, 2018 is yet another important article.

Among 3 analysts covering Matthews International (NASDAQ:MATW), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Matthews International had 7 analyst reports since August 3, 2015 according to SRatingsIntel. The stock has “Neutral” rating by Macquarie Research on Thursday, September 22. The rating was downgraded by Macquarie Research on Wednesday, November 4 to “Neutral”. The stock of Matthews International Corporation (NASDAQ:MATW) earned “Buy” rating by Wunderlich on Monday, November 21. The rating was maintained by Wunderlich with “Buy” on Friday, July 29. On Wednesday, July 5 the stock rating was upgraded by Macquarie Research to “Outperform”.

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