AdvisorNet Financial Inc increased its holdings in Intel Co. (NASDAQ:INTC) by 2.1% in the first quarter, according to the latest 13F filing with the SEC. The institutional investor now owns 40,154 shares of the chipmaker, worth $1,774,000. Other institutional investors like CHICAGO TRUST Co NA, Ballentine Partners LLC, Walker Financial Services Inc., Security Financial Services INC., and RDA Financial Network have also made changes to their positions in Intel.
In terms of analyst ratings, several equity research analysts have weighed in on INTC stock. Truist Financial, Citigroup, Sanford C. Bernstein, Rosenblatt Securities, and Wedbush have all provided their ratings, with Intel currently having a consensus rating of “Hold” and a consensus price target of $39.58.
Intel’s stock performance shows that it opened at $30.57 on Tuesday, with a market capitalization of $130.14 billion. The company’s 50-day moving average price is $31.45, and its 200-day moving average price is $39.83. Intel recently reported quarterly earnings, missing analysts’ estimates.
The company also announced a quarterly dividend and CEO Patrick Gelsinger made internal transactions by purchasing shares of the company. As of now, insiders own 0.04% of Intel’s shares.
Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services globally, operating through different segments. The company’s product portfolio includes central processing units, chipsets, SoCs, mobile and desktop processors, GPUs, FPGAs, and other semiconductor products.
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https://www.defenseworld.net/2024/06/25/advisornet-financial-inc-buys-838-shares-of-intel-co-nasdaqintc.html
