NBC Securities Inc. increased its holdings of Intel Co. shares by 2.6% during the first quarter, as reported in their recent filing with the SEC. The institutional investor now owns 16,681 shares of the chipmaker, valued at $736,000. Other hedge funds have also adjusted their holdings in Intel, with some increasing their stake and others buying new positions. CEO Patrick Gelsinger also made significant purchases of Intel shares in recent transactions.
Several analysts have updated their ratings on Intel stock, with varying opinions on the company’s performance. The stock opened at $30.63 on Thursday, with a market capitalization of $130.39 billion. Intel last reported its quarterly earnings on April 25th, with revenue slightly below estimates. The company is expected to post 0.09 EPS for the current fiscal year.
Intel recently declared a quarterly dividend and paid it on June 1st. Shareholders received a dividend of $0.125, representing an annualized dividend of $0.50 with a yield of 1.63%. Intel’s payout ratio is 52.08%. The company’s product portfolio includes computing and related products, with operations across various segments.
For more information on Intel and its performance, interested individuals can visit HoldingsChannel.com for the latest 13F filings and insider trading updates. MarketBeat also offers a daily email newsletter for those looking to stay informed on Intel news and ratings.
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