Sprucegrove Investment Management LTD Has Lifted Holding in Intel (INTC) by $4.99 Million; As Lear (LEA) Stock Rose, Cubic Asset Management Trimmed Position by $2.78 Million

January 23, 2018 - By Vivian Currie

Sprucegrove Investment Management Ltd increased its stake in Intel Corp (INTC) by 37.83% based on its latest 2017Q3 regulatory filing with the SEC. Sprucegrove Investment Management Ltd bought 131,400 shares as the company’s stock declined 2.96% while stock markets rallied. The institutional investor held 478,740 shares of the semiconductors company at the end of 2017Q3, valued at $18.23M, up from 347,340 at the end of the previous reported quarter. Sprucegrove Investment Management Ltd who had been investing in Intel Corp for a number of months, seems to be bullish on the $214.23B market cap company. The stock increased 0.06% or $0.025 during the last trading session, reaching $45.775. About 10.83M shares traded. Intel Corporation (NASDAQ:INTC) has risen 19.47% since January 23, 2017 and is uptrending. It has outperformed by 2.77% the S&P500.

Cubic Asset Management Llc decreased its stake in Lear Corporation (LEA) by 51.15% based on its latest 2017Q3 regulatory filing with the SEC. Cubic Asset Management Llc sold 16,069 shares as the company’s stock rose 0.77% with the market. The institutional investor held 15,346 shares of the o.e.m. company at the end of 2017Q3, valued at $2.66 million, down from 31,415 at the end of the previous reported quarter. Cubic Asset Management Llc who had been investing in Lear Corporation for a number of months, seems to be less bullish one the $12.69 billion market cap company. The stock decreased 1.28% or $2.43 during the last trading session, reaching $187.82. About 306,354 shares traded. Lear Corporation (NYSE:LEA) has risen 28.33% since January 23, 2017 and is uptrending. It has outperformed by 11.63% the S&P500.

Investors sentiment increased to 0.92 in Q3 2017. Its up 0.08, from 0.84 in 2017Q2. It is positive, as 41 investors sold LEA shares while 173 reduced holdings. 61 funds opened positions while 135 raised stakes. 59.92 million shares or 4.64% less from 62.83 million shares in 2017Q2 were reported. Legal And General Grp Plc holds 0.05% of its portfolio in Lear Corporation (NYSE:LEA) for 403,822 shares. Smith Moore And holds 0.07% or 1,500 shares. Cap One Association stated it has 8,037 shares or 0.1% of all its holdings. First Interstate Bank reported 560 shares. Moreover, State Board Of Administration Of Florida Retirement System has 0.05% invested in Lear Corporation (NYSE:LEA) for 111,162 shares. Barclays Public Limited Com holds 34,100 shares. Menta Cap reported 0.1% stake. Korea Inv Corporation invested in 57,952 shares. Bowling Portfolio Management Ltd Liability Com invested in 1.19% or 45,916 shares. American Century, Missouri-based fund reported 38,990 shares. Ferguson Wellman Cap Management has 2,645 shares for 0.02% of their portfolio. U S Glob Invsts stated it has 7,300 shares. Northern reported 647,532 shares. Anchor Bolt Cap Lp invested 3.41% of its portfolio in Lear Corporation (NYSE:LEA). Hbk Investments Ltd Partnership owns 1,467 shares.

Since September 18, 2017, it had 0 buys, and 3 insider sales for $1.60 million activity. Another trade for 2,411 shares valued at $416,802 was sold by STEPHENS MEL. Another trade for 2,854 shares valued at $494,841 was sold by FOSTER JONATHAN F.

Among 20 analysts covering Lear Corporation (NYSE:LEA), 10 have Buy rating, 3 Sell and 7 Hold. Therefore 50% are positive. Lear Corporation had 65 analyst reports since July 27, 2015 according to SRatingsIntel. Bank of America downgraded Lear Corporation (NYSE:LEA) on Wednesday, November 9 to “Underperform” rating. The firm has “Overweight” rating given on Monday, November 13 by KeyBanc Capital Markets. The stock has “Neutral” rating by Buckingham Research on Tuesday, September 26. The stock has “Hold” rating by Evercore on Wednesday, January 4. As per Tuesday, May 3, the company rating was maintained by Goldman Sachs. The rating was maintained by Robert W. Baird on Wednesday, August 30 with “Buy”. On Thursday, January 12 the stock rating was maintained by Barclays Capital with “Equal Weight”. RBC Capital Markets maintained it with “Hold” rating and $148 target in Tuesday, April 11 report. UBS downgraded the shares of LEA in report on Tuesday, October 3 to “Neutral” rating. On Monday, October 16 the stock rating was maintained by Robert W. Baird with “Buy”.

Analysts await Lear Corporation (NYSE:LEA) to report earnings on January, 25. They expect $4.27 earnings per share, up 12.37% or $0.47 from last year’s $3.8 per share. LEA’s profit will be $288.48 million for 11.00 P/E if the $4.27 EPS becomes a reality. After $3.96 actual earnings per share reported by Lear Corporation for the previous quarter, Wall Street now forecasts 7.83% EPS growth.

Among 54 analysts covering Intel Corporation (NASDAQ:INTC), 34 have Buy rating, 5 Sell and 15 Hold. Therefore 63% are positive. Intel Corporation had 207 analyst reports since August 7, 2015 according to SRatingsIntel. The stock of Intel Corporation (NASDAQ:INTC) earned “Sell” rating by Bernstein on Friday, October 27. The stock of Intel Corporation (NASDAQ:INTC) earned “Buy” rating by Argus Research on Monday, September 19. The stock has “Buy” rating by Robert W. Baird on Monday, September 4. Deutsche Bank maintained the shares of INTC in report on Monday, March 21 with “Buy” rating. Stifel Nicolaus maintained Intel Corporation (NASDAQ:INTC) on Thursday, July 27 with “Buy” rating. The firm has “Sell” rating given on Wednesday, January 3 by Bernstein. The stock of Intel Corporation (NASDAQ:INTC) earned “Underperform” rating by Raymond James on Friday, June 16. As per Thursday, July 21, the company rating was maintained by Mizuho. RBC Capital Markets maintained it with “Outperform” rating and $60.0 target in Thursday, October 22 report. Nomura maintained it with “Buy” rating and $40 target in Wednesday, October 19 report.

Sprucegrove Investment Management Ltd, which manages about $24.66B and $1.78B US Long portfolio, decreased its stake in Washington Federal (NASDAQ:WAFD) by 12,200 shares to 510,995 shares, valued at $17.20 million in 2017Q3, according to the filing. It also reduced its holding in Jacobs Engr Group (NYSE:JEC) by 7,700 shares in the quarter, leaving it with 360,439 shares, and cut its stake in Alphabet Inc.

Since July 31, 2017, it had 0 buys, and 10 selling transactions for $31.43 million activity. Shares for $67,048 were sold by Bryant Diane M on Monday, October 23. 1,424 shares were sold by RENDUCHINTALA VENKATA S M, worth $51,834. Shares for $1.35M were sold by YOFFIE DAVID B on Monday, October 30. BRYANT ANDY D sold $3.99M worth of Intel Corporation (NASDAQ:INTC) on Monday, October 30. The insider Krzanich Brian M sold 61,860 shares worth $2.40 million.

Investors sentiment is 1.03 in Q3 2017. Its the same as in 2017Q2. It is flat, as 52 investors sold INTC shares while 663 reduced holdings. only 127 funds opened positions while 608 raised stakes. 3.05 billion shares or 0.19% more from 3.05 billion shares in 2017Q2 were reported. Registered Inv Advisor Incorporated has invested 0.87% in Intel Corporation (NASDAQ:INTC). Farr Miller Washington Limited Liability Corporation Dc owns 78,251 shares. First Interstate State Bank holds 0.22% of its portfolio in Intel Corporation (NASDAQ:INTC) for 26,292 shares. Armstrong Henry H Associates Inc holds 3.58% in Intel Corporation (NASDAQ:INTC) or 522,699 shares. Wolverine Asset Management Ltd reported 27,945 shares. Clean Yield stated it has 12,094 shares or 0.19% of all its holdings. United Bancorp Va holds 9,454 shares or 0.34% of its portfolio. Pettee Invsts Incorporated has invested 1.96% of its portfolio in Intel Corporation (NASDAQ:INTC). The Missouri-based Ser has invested 0.42% in Intel Corporation (NASDAQ:INTC). First Bancorporation Of Mount Dora Inv Svcs owns 139,258 shares. Founders Limited Liability accumulated 23,017 shares. Aimz Llc holds 0.39% or 13,850 shares. Rand Wealth Ltd Liability Company stated it has 286,272 shares. Maple Capital Incorporated reported 24,667 shares stake. City holds 1.34% of its portfolio in Intel Corporation (NASDAQ:INTC) for 104,939 shares.

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