Tyler Stone Wealth Management Sells 11,800 Shares of Intel Corporation (NASDAQ:INTC)

Key Points

• Tyler Stone Wealth Management significantly reduced its holdings in Intel Corporation by 44.1%, selling 11,800 shares and now holding 14,976 shares valued at approximately $340,000.
• Intel reported a loss of ($0.10) earnings per share for the last quarter, missing the expected $0.01, while its revenue increased to $12.86 billion, surpassing analyst estimates of $11.88 billion.
• Analysts have mixed opinions on Intel, with 23 holding a "hold" rating, 6 a "sell" rating, and only 1 a "buy" rating, contributing to a consensus target price of $22.17 for the stock.

Tyler Stone Wealth Management reduced its position in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 44.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,976 shares of the chip maker's stock after selling 11,800 shares during the period. Tyler Stone Wealth Management's holdings in Intel were worth $340,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of INTC. Freestone Grove Partners LP bought a new stake in Intel in the 4th quarter valued at $62,654,000. Toronto Dominion Bank boosted its holdings in 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 purchasing an additional 7,806,882 shares during the period. 180 Wealth Advisors LLC boosted its holdings in Intel by 124.9% in the 1st quarter. 180 Wealth Advisors LLC now owns 127,916 shares of the chip maker's stock valued at $2,905,000 after purchasing an additional 71,049 shares during the period. Alteri Wealth LLC bought a new stake in Intel in the 4th quarter valued at $2,379,000. Finally, Gordian Capital Singapore Pte Ltd boosted its holdings in Intel by 120.7% in the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 64,000 shares of the chip maker's stock valued at $1,282,000 after purchasing an additional 35,000 shares during the period. 64.53% of the stock is owned by institutional investors.

Intel Trading Up 2.9%

INTC opened at $24.56 on Friday. The company has a current ratio of 1.24, a quick ratio of 0.92 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $107.50 billion, a PE ratio of -5.15 and a beta of 1.22. Intel Corporation has a 1-year low of $17.67 and a 1-year high of $27.55. The firm has a 50-day moving average price of $21.81 and a two-hundred day moving average price of $21.56.

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

Wall Street Analyst Weigh In

INTC has been the subject of a number of analyst reports. Benchmark reaffirmed a "hold" rating on shares of Intel in a report on Friday, July 25th. Seaport Res Ptn raised shares of Intel to a "strong sell" rating in a report on Wednesday, April 30th. Loop Capital initiated coverage on shares of Intel in a report on Monday, July 21st. They set a "hold" rating and a $25.00 price objective for the company. Sanford C. Bernstein reduced their price objective on shares of Intel from $25.00 to $21.00 and set a "market perform" rating for the company in a report on Tuesday, April 22nd. Finally, Rosenblatt Securities reaffirmed a "sell" rating and set a $14.00 price objective on shares of Intel in a report on Friday, July 25th. Six investment analysts have rated the stock with a sell rating, twenty-three have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $22.17.

Intel Company 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.

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