Intel Co. has seen an increase in its shares by Ashton Thomas Private Wealth LLC, which raised its holdings by 19.3% in the first quarter. Other hedge funds like Vanguard Group Inc. and Capital International Investors also increased their stakes in Intel. The company’s stock performance has seen highs and lows, with a current market capitalization of $136.31 billion.
Intel recently reported its quarterly earnings data, falling short of the consensus estimate. The company also announced a quarterly dividend for its shareholders. CEO Patrick P. Gelsinger has been actively buying shares of the company, indicating confidence in its future growth.
Wall Street analysts have varying opinions on Intel stock, with some maintaining a hold rating while others are more bullish with buy ratings. The company’s average rating is currently a hold, with a consensus target price of $39.58.
Intel Corporation is a global leader in designing, developing, and selling computing and related products. The company operates through various segments and offers a wide range of products and services in the semiconductor industry.
Overall, Intel’s performance and future outlook are closely monitored by investors and analysts in the tech industry. The company’s recent moves indicate a positive momentum, but it remains to be seen how the market will react to its ongoing developments.
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https://www.defenseworld.net/2024/07/06/ashton-thomas-private-wealth-llc-acquires-6084-shares-of-intel-co-nasdaqintc.html
