In the first quarter, Cwm LLC reduced its holdings in Intel Co. by 6.2%, selling 61,983 shares and bringing its total to 936,934 shares valued at $41,384,000. Other hedge funds also adjusted their INTC holdings, with the majority of shares owned by institutional investors and hedge funds. Intel’s shares fell by 1.1% during midday trading, reaching $30.63 on NASDAQ.
Intel recently reported quarterly earnings, with revenue slightly below estimates and an EPS of ($0.06), missing the consensus estimate of ($0.03). The company’s net margin was 7.36% and ROE was 2.19%. Analysts predict an EPS of 0.09 for the current year. Intel also paid a quarterly dividend of $0.125 with an annualized dividend of $0.50 and a yield of 1.63%.
CEO Patrick Gelsinger purchased 4,000 shares of Intel stock in April and May, with a total value of over $124,000. 0.04% of Intel’s shares belong to company insiders. The company’s product portfolio includes CPUs, chipsets, mobile and desktop processors, GPUs, accelerators, FPGAs, and other semiconductor products.
Wall Street analysts have mixed opinions on Intel, with three sell ratings, twenty-three hold ratings, and five buy ratings. The stock has a consensus rating of “Hold” with an average price target of $39.58. MarketBeat provides a free research report on Intel for interested investors.
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