Cantor Fitzgerald Investment Advisors L.P. Sells 54,844 Shares of Intel Corporation (NASDAQ:INTC)

Cantor Fitzgerald Investment Advisors L.P. lowered its position in Intel Corporation (NASDAQ:INTC - Free Report) by 32.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 113,155 shares of the chip maker's stock after selling 54,844 shares during the quarter. Cantor Fitzgerald Investment Advisors L.P.'s holdings in Intel were worth $2,570,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in INTC. Freestone Grove Partners LP bought a new position in Intel during the 4th quarter worth $62,654,000. Clifford Swan Investment Counsel LLC grew its holdings in Intel by 1.9% in the fourth quarter. Clifford Swan Investment Counsel LLC now owns 819,532 shares of the chip maker's stock worth $16,432,000 after purchasing an additional 15,214 shares during the period. Toronto Dominion Bank grew its stake in shares of Intel by 286.8% in the 4th quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker's stock valued at $211,114,000 after buying an additional 7,806,882 shares during the period. 180 Wealth Advisors LLC increased its holdings in shares of Intel by 124.9% during the first quarter. 180 Wealth Advisors LLC now owns 127,916 shares of the chip maker's stock valued at $2,905,000 after acquiring an additional 71,049 shares in the last quarter. Finally, Alteri Wealth LLC bought a new stake in Intel during the 4th quarter valued at $2,379,000. Institutional investors own 64.53% of the company's stock.

Intel Stock Performance

Shares of INTC stock traded down $0.41 on Friday, hitting $21.08. 133,366,010 shares of the stock were exchanged, compared to its average volume of 84,300,280. The firm's 50 day moving average is $20.50 and its two-hundred day moving average is $21.08. Intel Corporation has a one year low of $17.67 and a one year high of $37.16. The firm has a market capitalization of $91.95 billion, a PE ratio of -4.71 and a beta of 1.12. The company has a current ratio of 1.31, a quick ratio of 0.93 and a debt-to-equity ratio of 0.42.

Intel (NASDAQ:INTC - Get Free Report) last issued its earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.01 by $0.12. Intel had a negative net margin of 36.19% and a negative return on equity of 3.15%. The firm had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.26 billion. During the same quarter last year, the business earned $0.18 earnings per share. The company's quarterly revenue was down .4% on a year-over-year basis. Sell-side analysts expect that Intel Corporation will post -0.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Bank of America raised shares of Intel from an "underperform" rating to a "neutral" rating and raised their price target for the company from $19.00 to $25.00 in a research report on Thursday, March 13th. Wall Street Zen upgraded Intel from a "sell" rating to a "hold" rating in a report on Saturday, May 24th. Citigroup reiterated a "sell" rating on shares of Intel in a report on Friday, April 25th. Sanford C. Bernstein lowered their price target on Intel from $25.00 to $21.00 and set a "market perform" rating for the company in a research report on Tuesday, April 22nd. Finally, Wells Fargo & Company cut their price objective on shares of Intel from $25.00 to $22.00 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-five have issued a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $21.57.

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.