Brookstone Capital Management has increased its stake in Intel Co. by 65.2% during the first quarter, acquiring an additional 27,274 shares to bring their total to 69,096 shares. Other hedge funds and institutional investors have also made moves with Intel, with New Millennium Group LLC, Frazier Financial Advisors LLC, Burkett Financial Services LLC, Raleigh Capital Management Inc., and Valued Wealth Advisors LLC all either increasing their stakes or acquiring positions in the company. Intel’s CEO, Patrick Gelsinger, has recently made significant purchases of the company’s stock, acquiring thousands of shares in April and May.
Intel shares opened at $30.59 on Friday, with a 52-week range of $29.73 to $51.28. The company posted earnings results on April 25th, reporting a quarterly EPS of ($0.06) and revenue of $12.72 billion. Analysts predict that Intel will post earnings of $0.09 per share for the current year. The company also announced a quarterly dividend, with shareholders receiving $0.125 per share.
In terms of analyst ratings, several have weighed in on Intel, with price targets being adjusted by various firms. HSBC, TD Cowen, Citigroup, and others have issued ratings ranging from “hold” to “neutral”, with price targets reflecting these sentiments. Wolfe Research upgraded Intel from an “underperform” rating to a “peer perform” rating.
Intel Corporation operates globally, designing, developing, manufacturing, and selling computing and related products and services. The company’s product portfolio includes central processing units, chipsets, mobile and desktop processors, GPUs, FPGAs, memory and storage solutions, and more. Intel operates through multiple segments, including the Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments.
In summary, Intel has seen significant activity from institutional investors, with Brookstone Capital Management leading the way in increasing their stake in the company. CEO Patrick Gelsinger has also made notable purchases of Intel’s stock. Analysts have mixed opinions on Intel’s future outlook, with price targets reflecting varying perspectives. Overall, Intel continues to operate across multiple segments, offering a diverse range of products and services in the computing industry.
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https://www.defenseworld.net/2024/06/28/intel-co-nasdaqintc-shares-purchased-by-brookstone-capital-management.html