Freestone Capital Holdings LLC Sells 10,417 Shares of Intel Corporation $INTC

Freestone Capital Holdings LLC lowered its stake in Intel Corporation (NASDAQ:INTC) by 25.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,264 shares of the chip maker’s stock after selling 10,417 shares during the period. Freestone Capital Holdings LLC’s holdings in Intel were worth $710,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Cornerstone Advisory LLC boosted its holdings in Intel by 4.3% in the fourth quarter. Cornerstone Advisory LLC now owns 9,863 shares of the chip maker’s stock valued at $198,000 after acquiring an additional 409 shares in the last quarter. Verdence Capital Advisors LLC raised its position in shares of Intel by 1.1% in the 1st quarter. Verdence Capital Advisors LLC now owns 45,682 shares of the chip maker’s stock worth $1,037,000 after purchasing an additional 486 shares during the last quarter. Cary Street Partners Investment Advisory LLC raised its position in shares of Intel by 23.1% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 2,614 shares of the chip maker’s stock worth $59,000 after purchasing an additional 491 shares during the last quarter. one8zero8 LLC raised its position in Intel by 4.2% in the 1st quarter. one8zero8 LLC now owns 12,320 shares of the chip maker’s stock worth $280,000 after buying an additional 500 shares during the last quarter. Finally, Capital International Sarl raised its position in Intel by 4.1% in the 4th quarter. Capital International Sarl now owns 12,971 shares of the chip maker’s stock worth $260,000 after buying an additional 510 shares during the last quarter. Institutional investors own 64.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Wedbush decreased their target price on Intel from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Wednesday, April 23rd. Wells Fargo & Company cut their price objective on Intel from $25.00 to $22.00 and set an “equal weight” rating for the company in a research note on Friday, April 25th. Stifel Nicolaus upped their price target on Intel from $21.00 to $24.50 and gave the stock a “hold” rating in a research note on Monday, July 21st. Cantor Fitzgerald dropped their price target on Intel from $29.00 to $20.00 and set a “neutral” rating for the company in a research note on Monday, April 21st. Finally, Morgan Stanley decreased their price objective on Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Friday, April 25th. Six research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $22.17.

Intel Stock Performance

Shares of Intel stock opened at $24.56 on Monday. The stock’s fifty day moving average is $21.81 and its two-hundred day moving average is $21.57. The company has a market capitalization of $107.50 billion, a PE ratio of -5.15 and a beta of 1.22. The company has a quick ratio of 0.92, a current ratio of 1.24 and a debt-to-equity ratio of 0.42. Intel Corporation has a 52 week low of $17.67 and a 52 week high of $27.55.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, July 24th. The chip maker reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.11). The business had revenue of $12.86 billion during the quarter, compared to the consensus estimate of $11.88 billion. Intel had a negative net margin of 38.64% and a negative return on equity of 3.78%. The business’s revenue was up .5% compared to the same quarter last year. During the same period last year, the company earned $0.02 EPS. As a group, analysts expect that Intel Corporation will post -0.11 earnings per share for the current year.

Intel Profile

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.