Annex Advisory Services LLC, an institutional investor, increased its stake in Intel Co. by 93.7% during the first quarter, according to their recent SEC filing. They now own 11,840 shares of the chipmaker, worth $523,000. Other hedge funds have also made modifications to their holdings in Intel, with several increasing their share ownership. Intel CEO Patrick Gelsinger recently purchased thousands of shares in the company, showing confidence in its future prospects.
In terms of analyst recommendations, several brokerage firms have made changes to their price targets and ratings for Intel. The stock currently has a consensus rating of “Hold” with an average price target of $39.58. Intel shares rose 0.6% on Wednesday, opening at $30.74. The company’s financial performance has been mixed, with a recent earnings report showing slightly lower than expected earnings per share.
Intel also announced a quarterly dividend, with investors receiving a dividend of $0.125 on June 1. The ex-dividend date for this dividend was on May 6. Intel’s dividend payout ratio is currently 52.08%. The company designs, manufactures, and sells computing and related products worldwide, operating through various segments.
For more information on Intel’s holdings, insider trading, and institutional ownership, readers can visit HoldingsChannel.com. Intel’s institutional ownership by quarter can be viewed in a chart provided in the article. Readers can also sign up for MarketBeat.com’s daily email newsletter to receive daily Intel news and ratings.
Article Source
https://www.defenseworld.net/2024/06/26/annex-advisory-services-llc-purchases-5726-shares-of-intel-co-nasdaqintc.html
