Bank of New Hampshire has reduced its holdings in Intel Co. by 10.1% in the first quarter, according to a recent disclosure with the SEC. They sold 1,017 shares and now own 9,034 shares of the chipmaker, worth $399,000. Other hedge funds have also adjusted their positions in Intel, with most increasing their stakes. Analysts have set new price targets for Intel, with some lowering and others raising their target prices. The stock price performance of Intel has been fluctuating, with a 12-month low of $29.73 and a high of $51.28. The company recently reported quarterly earnings that were lower than analysts’ estimates, with a net margin of 7.36% and a return on equity of 2.19%. Intel also announced a quarterly dividend with an annualized dividend yield of 1.61%.
CEO Patrick Gelsinger has made several insider purchases of Intel stock, acquiring thousands of shares at different times. Intel Corporation operates in various segments, including Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services. The company designs, manufactures, and sells computing products and services worldwide. Investors can stay updated on Intel news and ratings by signing up for a daily email newsletter from MarketBeat.com.
Overall, Intel continues to face fluctuations in its stock performance, with analysts providing varying opinions on its future outlook. The company’s financials and insider activity are closely monitored by investors and analysts. With ongoing changes in institutional ownership and analyst ratings, Intel remains a key player in the technology industry.
Article Source
https://www.defenseworld.net/2024/06/22/bank-of-new-hampshire-has-399000-holdings-in-intel-co-nasdaqintc.html
