City Holding Co. reduced its stake in Intel Co. by 4.2% in the first quarter, selling 1,085 shares and owning a total of 24,842 shares with a value of $1,097,000. Other hedge funds and institutional investors have also made changes to their holdings in Intel, with some increasing their stakes and others buying new positions. CEO Patrick Gelsinger purchased 4,100 shares of Intel stock at an average cost of $30.29 per share, totaling $124,189.00. This purchase was disclosed in a document filed with the SEC. Additionally, other purchases by Gelsinger were made, totaling $125,680.00 for 4,000 shares at $31.42 per share.
Several stock analysts have given their opinions on Intel, with price target adjustments and ratings. Goldman Sachs Group, TD Cowen, Wells Fargo & Company, and Barclays all lowered their price targets, while Benchmark reaffirmed a “buy” rating for the stock. The average rating for Intel is currently “Hold” with a consensus price target of $39.58.
On the stock performance front, Intel’s stock fell to $30.91 during midday trading on Monday, with a trading volume of 5,254,108 shares. The company’s stock has a fifty-two week low of $29.73 and a high of $51.28. Intel’s recent quarterly earnings report showed a loss per share of ($0.06), missing the consensus estimate. The company announced a quarterly dividend of $0.125 per share, with an annualized dividend of $0.50 and a yield of 1.62%.
Intel Corporation is a global company that designs, manufactures, and sells computing products and services. They operate through multiple segments, including Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services. Their product portfolio includes CPUs, chipsets, SoCs, mobile and desktop processors, GPUs, FPGAs, and other semiconductor products.
Overall, Intel’s recent activities, including stock purchases by the CEO, changes in institutional holdings, analyst opinions, stock performance, and dividend announcements, have had an impact on the company’s position in the market. The company continues to navigate challenges and make strategic decisions to drive growth and value for its investors.
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