Tributary Capital Management LLC recently acquired 600 shares of Intel Co. (NASDAQ:INTC) during the first quarter, adding to their portfolio valued at $27,000. Other hedge funds and institutional investors have also made changes to their positions in Intel, with notable increases by New Millennium Group LLC and Raleigh Capital Management Inc.
Internal activity at Intel includes CEO Patrick P. Gelsinger purchasing 4,100 shares of Intel stock in May and another 4,000 shares in April. This indicates confidence in the company’s future performance. Additionally, several research analysts have issued reports on INTC stock, with mixed ratings ranging from sell to buy.
Intel shares opened at $31.07 on Wednesday, with a market capitalization of $132.26 billion. The company recently reported quarterly results that missed expectations, but analysts anticipate a positive EPS for the current fiscal year. Intel also disclosed a quarterly dividend of $0.125 per share, representing an annualized dividend yield of 1.61%.
Intel Corporation operates globally, designing, developing, and selling computing and related products and services. The company’s product portfolio includes a wide range of hardware products, processors, chipsets, and connectivity solutions.
For more information on hedge fund ownership and insider trading related to Intel, visit HoldingsChannel.com. Additionally, investors can stay updated on the latest news and analyst ratings for Intel by subscribing to the daily newsletter from MarketBeat.com.
In conclusion, Intel continues to attract investor interest despite fluctuating market conditions, with positive internal activity and potential growth prospects. Analyst ratings suggest a mixed outlook for the stock, indicating varying opinions on its future performance. Keep an eye on Intel for further developments in the tech industry.
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https://www.defenseworld.net/2024/07/03/tributary-capital-management-llc-purchases-shares-of-600-intel-co-nasdaqintc.html