Griffin Asset Management Inc. reduced its holdings in Intel Co. (NASDAQ:INTC) by 3.4% in the first quarter, according to the latest Form 13F filing with the Securities and Exchange Commission. The firm sold 418 shares, leaving them with 12,025 shares of the chipmaker valued at $531,000. Other major investors also made adjustments to their positions in Intel. Vanguard Group Inc. increased its stake by 1.2% during the fourth quarter, while Capital International Investors, Primecap Management Co. CA, Norges Bank, and Price T Rowe Associates Inc. MD also increased their holdings. CEO Patrick Gelsinger purchased shares of the company’s stock multiple times in April and May.
Intel’s stock opened at $30.97 on Friday, with a fifty-day moving average of $31.08. The company’s market capitalization is $131.84 billion, with a P/E ratio of 32.26 and a beta of 1.06. The company reported a loss of ($0.06) per share for the quarter ending on April 25th, missing the consensus estimate by ($0.03). On average, analysts expect Intel Co. to post an EPS of 0.09 for the current year.
The company recently paid a quarterly dividend of $0.125 per share, with an annualized basis of $0.50 and a yield of 1.61%. The ex-dividend date for this dividend was May 6. Intel’s dividend payout ratio is currently 52.08%.
Wall Street analysts have provided various ratings for Intel, with Benchmark, Cantor Fitzgerald, and Citigroup among those offering recommendations. Benchmark reaffirmed a “buy” rating, while some analysts lowered their price targets for the company.
Intel Corporation is a global technology company that designs, develops, manufactures, and sells computing and related products and services. The company operates through various segments, including Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services.
Overall, Intel remains a key player in the technology industry, with its stock performance, financial results, and strategic moves closely watched by investors and analysts. The company continues to face challenges and opportunities in a rapidly evolving market, and its leadership team and major investors are closely monitoring its progress.
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