🔻 Twin Tree Slashes Intel Holdings by 98.8%
In a dramatic move, Twin Tree Management LP significantly reduced its stake in Intel Corporation (NASDAQ: INTC), slashing its holdings by 98.8% in Q4 2024. According to its latest SEC filing, the institutional investor sold 4,572,991 shares, leaving it with just 57,494 shares, valued at $1.15 million.
📉 Intel Faces Pressure from Major Institutional Investors
Twin Tree’s mass sell-off reflects a broader trend of institutional investors trimming their positions in the chipmaker. Notably:
- Finley Financial LLC, Synergy Investment Management LLC, and BankPlus Trust Department all initiated new positions in Intel during Q4, each worth around $25,000 – $28,000.
- Keystone Financial Group Inc. also entered the game with a $29,000 position.
- Quest Partners LLC, however, increased its holdings by 7,370% in Q3, now owning 1,270 shares worth $30,000.
Overall, 64.53% of Intel’s stock is held by institutional investors and hedge funds.
📊 Wall Street Downgrades Intel Price Targets
Following the sell-off, Wall Street analysts have grown increasingly bearish on Intel. Several firms issued downgrades and reduced price targets:
- JPMorgan Chase & Co. cut its target from $26.00 to $23.00, maintaining an “underweight” rating.
- Truist Financial lowered its target from $22.00 to $21.00, assigning a “hold” rating.
- Mizuho reduced its target from $23.00 to $21.00, also rating the stock “neutral”.
- Meanwhile, Cantor Fitzgerald offered a more optimistic stance, raising its target from $22.00 to $29.00, while keeping a “neutral” rating.
Despite the mixed outlook, MarketBeat data shows that 28 analysts rate Intel as a hold, while four analysts recommend selling. The average price target stands at $27.04.
🚀 Intel’s Price Action and Financials
On Wednesday, Intel shares opened at $25.92, with a market cap of $112.23 billion. The stock has been trading within a 52-week range of $18.51 to $45.41, with a 50-day moving average of $21.68 and a 200-day moving average of $21.93.
Intel reported a Q4 net loss of $0.02 per share, missing analyst estimates of $0.12 EPS. The company also posted a negative net margin of 35.32% and a return on equity of -3.27%, raising further concerns over its profitability.
✅ Key Takeaway: With institutional investors scaling back and Wall Street analysts slashing price targets, Intel’s stock remains under pressure. Investors are keeping a close eye on CEO Pat Gelsinger’s turnaround efforts and the company’s evolving AI and chip strategy.
