Intel Co. had a decrease in stake by 4.5% in the first quarter from Tempus Wealth Planning LLC, as reported in its latest 13F filing with the Securities and Exchange Commission. The firm sold 415 shares, leaving them with 8,727 shares in the chipmaker valued at $385,000 at the end of the quarter. Other hedge funds and institutional investors have also made adjustments to their holdings in Intel, with 64.53% of shares owned by institutional investors.
Wall Street analysts have made predictions regarding Intel, with UBS Group increasing their price target on the company and giving it a “neutral” rating. Other firms such as Jefferies Financial Group, Susquehanna, HSBC, and Roth Mkm have also adjusted their price targets and ratings on Intel. Overall, Intel has received a consensus rating of “Hold” with an average price target of $39.58.
Intel’s shares rose by 0.5% on Friday, opening at $31.23. The company has a one-year low of $29.73 and a one-year high of $51.28. Intel reported quarterly earnings data showing a net margin of 7.36% and a return on equity of 2.19%. Analysts predict that Intel will post 0.09 EPS for the current year.
The company recently announced a quarterly dividend of $0.125 per share, paid on June 1, with a dividend payout ratio of 52.08%. CEO Patrick P. Gelsinger has been involved in insider trading, purchasing shares of Intel multiple times in recent transactions.
Intel Corporation operates globally, designing, developing, manufacturing, and selling computing and related products and services. The company’s product portfolio includes CPUs, chipsets, mobile processors, GPUs, FPGAs, and other semiconductor products.
In conclusion, Intel has seen adjustments in stake holdings, price targets, and ratings from Wall Street analysts. The company’s recent financial performance, dividend announcements, and insider trading activities have also been noted. Intel continues to maintain a strong presence in the computing and semiconductor industry, with a diverse product portfolio catering to various market segments.
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