NorthCrest Asset Manangement LLC Reduces Position in Intel Corporation $INTC

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NorthCrest Asset Management LLC has reduced its stake in Intel Corporation by 9.6% in the fourth quarter, selling 13,630 shares to hold 128,475 shares valued at $5.06 million. Despite beating Q4 earnings estimates, Intel reported a negative net margin and faces mixed analyst sentiment with an average “Reduce” rating and an average price target of $45.74. While some insiders sold shares, EVP David Zinsner increased his holdings, and the company continues to focus on AI hardware development.

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