Letko Brosseau & Associates Trimmed Its Intel (INTC) Position as Market Valuation Declined; Peconic Partners Decreased Its Holding in Dycom Inds (DY) by $49.16 Million

February 23, 2018 - By Peter Erickson

William Harnisch decreased its stake in Dycom Inds Inc (DY) by 94.91% based on its latest 2017Q3 regulatory filing with the SEC. Peconic Partners Llc sold 578,389 shares as the company’s stock rose 33.08% with the market. The hedge fund run by William Harnisch held 31,000 shares of the basic industries company at the end of 2017Q3, valued at $2.66 million, down from 609,389 at the end of the previous reported quarter. Peconic Partners Llc who had been investing in Dycom Inds Inc for a number of months, seems to be less bullish one the $3.57 billion market cap company. The stock increased 1.30% or $1.48 during the last trading session, reaching $115.4. About 208,259 shares traded. Dycom Industries, Inc. (NYSE:DY) has risen 52.80% since February 23, 2017 and is uptrending. It has outperformed by 36.10% the S&P500.

Letko Brosseau & Associates Inc decreased its stake in Intel Corp (INTC) by 0.89% based on its latest 2017Q3 regulatory filing with the SEC. Letko Brosseau & Associates Inc sold 29,350 shares as the company’s stock declined 2.96% while stock markets rallied. The institutional investor held 3.26M shares of the semiconductors company at the end of 2017Q3, valued at $124.27M, down from 3.29M at the end of the previous reported quarter. Letko Brosseau & Associates Inc who had been investing in Intel Corp for a number of months, seems to be less bullish one the $214.34 billion market cap company. The stock decreased 0.30% or $0.14 during the last trading session, reaching $45.8. About 16.95M shares traded. Intel Corporation (NASDAQ:INTC) has risen 19.47% since February 23, 2017 and is uptrending. It has outperformed by 2.77% the S&P500.




Analysts await Dycom Industries, Inc. (NYSE:DY) to report earnings on February, 28 before the open. They expect $0.10 EPS, down 87.80% or $0.72 from last year’s $0.82 per share. DY’s profit will be $3.09 million for 288.50 P/E if the $0.10 EPS becomes a reality. After $0.99 actual EPS reported by Dycom Industries, Inc. for the previous quarter, Wall Street now forecasts -89.90% negative EPS growth.

Among 10 analysts covering Dycom (NYSE:DY), 9 have Buy rating, 0 Sell and 1 Hold. Therefore 90% are positive. Dycom had 34 analyst reports since August 27, 2015 according to SRatingsIntel. FBR Capital maintained the stock with “Outperform” rating in Thursday, May 25 report. The firm has “Buy” rating given on Monday, June 19 by FBR Capital. The firm has “Buy” rating given on Wednesday, December 20 by KeyBanc Capital Markets. Canaccord Genuity maintained it with “Buy” rating and $125 target in Tuesday, February 13 report. The rating was maintained by FBR Capital with “Outperform” on Tuesday, November 22. DA Davidson upgraded the shares of DY in report on Tuesday, December 15 to “Buy” rating. On Wednesday, August 30 the stock rating was upgraded by KeyBanc Capital Markets to “Overweight”. FBR Capital maintained the shares of DY in report on Thursday, March 2 with “Outperform” rating. FBR Capital maintained Dycom Industries, Inc. (NYSE:DY) rating on Thursday, August 27. FBR Capital has “Outperform” rating and $88 target. The firm has “Buy” rating given on Wednesday, May 11 by Canaccord Genuity.

Investors sentiment decreased to 1 in Q3 2017. Its down 0.23, from 1.23 in 2017Q2. It dropped, as 42 investors sold DY shares while 98 reduced holdings. 46 funds opened positions while 94 raised stakes. 31.11 million shares or 5.01% less from 32.75 million shares in 2017Q2 were reported. Alyeska Gru Limited Partnership owns 0.05% invested in Dycom Industries, Inc. (NYSE:DY) for 72,943 shares. Ing Groep Nv has 3,806 shares. 3,200 were reported by Laurion Mgmt Ltd Partnership. Columbus Circle Invsts owns 22,278 shares or 0.03% of their US portfolio. Tocqueville Asset Mngmt Limited Partnership reported 0.07% of its portfolio in Dycom Industries, Inc. (NYSE:DY). Moreover, Putnam Invests Lc has 0.01% invested in Dycom Industries, Inc. (NYSE:DY) for 51,900 shares. Ls Advsr Limited Liability Corp holds 0.01% or 2,365 shares. Great West Life Assurance Can has invested 0.01% in Dycom Industries, Inc. (NYSE:DY). The Kansas-based Truenorth Incorporated has invested 0.09% in Dycom Industries, Inc. (NYSE:DY). First Republic Mngmt Inc holds 0% in Dycom Industries, Inc. (NYSE:DY) or 5,822 shares. State Treasurer State Of Michigan accumulated 0.01% or 11,700 shares. Waddell & Reed Financial holds 0.1% or 546,470 shares in its portfolio. Advisory Svcs Limited Liability Company owns 484 shares or 0% of their US portfolio. Scout Invs reported 0.68% of its portfolio in Dycom Industries, Inc. (NYSE:DY). First Advisors LP accumulated 84,720 shares or 0.02% of the stock.

Peconic Partners Llc, which manages about $661.53 million and $620.13 million US Long portfolio, upped its stake in Alphabet Inc by 6,000 shares to 11,000 shares, valued at $10.71M in 2017Q3, according to the filing. It also increased its holding in T Mobile Us Inc (Call) (NYSE:TMUS) by 20,000 shares in the quarter, for a total of 30,000 shares, and has risen its stake in Apple Inc (NASDAQ:AAPL).

Investors sentiment is 1.03 in 2017 Q3. Its the same as in 2017Q2. It is the same, 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. 2,800 are held by Hendershot Invs. M&T Financial Bank owns 2.14 million shares. Citigroup Inc holds 3.35 million shares. Bancorpsouth Incorporated owns 136,560 shares. Wms Prns Ltd Llc, a Maryland-based fund reported 498,240 shares. Old Mutual (Uk) holds 34,803 shares. Vestor Capital Lc invested in 1.78% or 208,665 shares. 403,619 are held by Ledyard Bank & Trust. Deroy Devereaux Private Investment Counsel Incorporated owns 24,702 shares. 30,842 are held by First Foundation Advisors. Atlantic Tru Gru Limited reported 626,525 shares stake. Meyer Handelman stated it has 810,709 shares or 1.41% of all its holdings. Kcm Invest Advsrs Ltd Company has invested 0.92% in Intel Corporation (NASDAQ:INTC). Somerville Kurt F holds 341,069 shares or 2.59% of its portfolio. Riggs Asset Managment Communication Inc reported 0.03% in Intel Corporation (NASDAQ:INTC).

Among 54 analysts covering Intel Corporation (NASDAQ:INTC), 36 have Buy rating, 5 Sell and 13 Hold. Therefore 67% are positive. Intel Corporation had 222 analyst reports since August 7, 2015 according to SRatingsIntel. The stock has “Buy” rating by Jefferies on Wednesday, October 14. The company was maintained on Wednesday, June 14 by Oppenheimer. KeyBanc Capital Markets maintained it with “Buy” rating and $43.0 target in Monday, September 11 report. The stock of Intel Corporation (NASDAQ:INTC) has “Buy” rating given on Wednesday, September 9 by Sterne Agee CRT. The stock of Intel Corporation (NASDAQ:INTC) has “Neutral” rating given on Wednesday, March 15 by Credit Suisse. Nomura upgraded the shares of INTC in report on Wednesday, December 9 to “Buy” rating. The company was maintained on Thursday, July 21 by Citigroup. On Tuesday, October 18 the stock rating was upgraded by Barclays Capital to “Overweight”. The firm has “Buy” rating by Needham given on Saturday, August 29. The rating was maintained by Needham with “Buy” on Wednesday, December 30.

Analysts await Intel Corporation (NASDAQ:INTC) to report earnings on April, 26. They expect $0.71 EPS, up 7.58% or $0.05 from last year’s $0.66 per share. INTC’s profit will be $3.32 billion for 16.13 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.

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