Fiduciary Alliance LLC decreased its ownership in Intel Co. (NASDAQ: INTC) by 8.8% in the first quarter, selling 506 shares and reducing its stake to 5,270 shares worth $235,000, as per the latest Securities and Exchange Commission filing. Other institutional investors and hedge funds also adjusted their holdings in Intel, with Trexquant Investment LP, Sherbrooke Park Advisers LLC, Gotham Asset Management LLC, Waverly Advisors LLC, and the United Services Automobile Association making changes in their positions.
Intel’s stock opened at $30.97 on Monday, with a 52-week low of $29.73 and a high of $51.28. The company has a market capitalization of $131.84 billion, a price-to-earnings ratio of 32.26, and a beta of 1.05. Intel reported a negative EPS of ($0.06) for the last quarter, missing analysts’ estimates by ($0.03). The company generated $12.72 billion in revenue for the quarter, falling short of the projected $12.76 billion. Analysts anticipate Intel to achieve an EPS of 0.09 for the current year.
Intel paid out a quarterly dividend of $0.125 per share on June 1, with an annualized dividend of $0.50 and a yield of 1.61%. The company’s payout ratio stands at 52.08%. Several research firms offered varying price targets for INTC stock, with Benchmark reiterating a “buy” rating and setting a $62.00 target, while Mizuho reduced its target from $55.00 to $45.00 and maintained a “buy” rating.
CEO Patrick P. Gelsinger purchased 4,100 shares of Intel’s stock on May 1, adding to his existing 39,375 shares in the company. Gelsinger’s recent transactions were disclosed in a filing with the SEC. Insider activity at Intel indicates that 0.04% of the shares are owned by company insiders.
Intel Corporation operates globally, designing, developing, and selling computing and related products and services through various segments. The company’s product portfolio includes CPUs, chipsets, GPUs, FPGAs, memory and storage products, connectivity solutions, and other semiconductor offerings.
To stay updated on Intel news and ratings, interested individuals can sign up for a daily email newsletter from MarketBeat.com. MarketBeat also provides the latest 13F filings and insider trading information on Intel Co. (NASDAQ: INTC) for investors to stay informed.
Article Source
https://www.defenseworld.net/2024/07/01/fiduciary-alliance-llc-sells-506-shares-of-intel-co-nasdaqintc.html
