Intel Corporation $INTC Shares Sold by Cresset Asset Management LLC

Key Points

• Cresset Asset Management LLC reduced its stake in Intel Corporation by 7.0%, now holding shares valued at approximately $8.95 million.
• Several institutional investors have acquired new stakes in Intel, reflecting a growing interest, with institutional ownership at 64.53%.
• Intel's stock price dropped 3.7% to $23.66, with analysts citing a consensus "Hold" rating and a price target of $22.17.

Cresset Asset Management LLC decreased its holdings in Intel Corporation (NASDAQ:INTC - Free Report) by 7.0% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 393,964 shares of the chip maker's stock after selling 29,651 shares during the period. Cresset Asset Management LLC's holdings in Intel were worth $8,947,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Intel by 2.2% in the first quarter. Vanguard Group Inc. now owns 377,390,437 shares of the chip maker's stock valued at $8,570,537,000 after buying an additional 8,291,233 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Intel by 8.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 63,263,339 shares of the chip maker's stock valued at $1,268,430,000 after purchasing an additional 4,793,927 shares during the period. Northern Trust Corp raised its stake in shares of Intel by 15.5% during the fourth quarter. Northern Trust Corp now owns 45,811,555 shares of the chip maker's stock valued at $918,522,000 after purchasing an additional 6,157,853 shares during the period. Invesco Ltd. raised its stake in shares of Intel by 1.3% during the first quarter. Invesco Ltd. now owns 43,651,076 shares of the chip maker's stock valued at $991,316,000 after purchasing an additional 562,246 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Intel by 3.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 35,025,596 shares of the chip maker's stock valued at $795,431,000 after purchasing an additional 1,086,836 shares during the period. Hedge funds and other institutional investors own 64.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on INTC. Needham & Company LLC reiterated a "hold" rating on shares of Intel in a research note on Friday, July 25th. Seaport Res Ptn upgraded shares of Intel to a "strong sell" rating in a research note on Wednesday, April 30th. Rosenblatt Securities reiterated a "sell" rating and set a $14.00 price objective on shares of Intel in a research note on Friday, July 25th. Stifel Nicolaus lifted their price objective on shares of Intel from $21.00 to $24.50 and gave the company a "hold" rating in a research note on Monday, July 21st. Finally, Wedbush dropped their price objective on shares of Intel from $20.00 to $19.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 23rd. One research analyst has rated the stock with a Buy rating, twenty-three have issued a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Reduce" and an average target price of $22.17.

Intel Stock Performance

Shares of Intel stock traded down $1.6850 during trading hours on Wednesday, reaching $23.6250. The company's stock had a trading volume of 138,313,669 shares, compared to its average volume of 98,549,766. The stock has a market cap of $103.41 billion, a P/E ratio of -4.96 and a beta of 1.22. Intel Corporation has a one year low of $17.67 and a one year high of $27.55. The company's 50 day simple moving average is $21.94 and its 200 day simple moving average is $21.62. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.92 and a current ratio of 1.24.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $12.86 billion for the quarter, compared to the consensus estimate of $11.88 billion. Intel had a negative return on equity of 3.78% and a negative net margin of 38.64%.The firm's revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.02 EPS. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. As a group, analysts expect that Intel Corporation will post -0.11 EPS for the current fiscal 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.