Hennion & Walsh Asset Management Inc. has reduced its holdings in Intel Co. by 37.5% in the first quarter, selling 12,358 shares of the chipmaker. Other significant investors have also made changes to their positions, with New Millennium Group LLC increasing its holdings by 87.2% during the fourth quarter. Analysts have set new price targets for Intel stock, with varying ratings from different firms.
CEO Patrick P. Gelsinger has made multiple purchases of Intel stock in recent transactions. Despite these activities, Intel shares fell by 0.4% on a particular day. The company reported earnings results that missed estimates, with a return on equity of 2.19% and a net margin of 7.36%. Additionally, Intel announced a quarterly dividend for shareholders.
Intel Corporation operates globally in computing and related products and services through various segments. The company’s product portfolio includes central processing units, chipsets, systems-on-chips, mobile and desktop processors, hardware products like GPUs and FPGAs, as well as memory and storage products.
Overall, Intel continues to navigate changes in investor holdings and analyst ratings, while also experiencing fluctuations in its share price. The company’s focus remains on developing and selling innovative computing products and services to maintain its position in the market.
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https://www.defenseworld.net/2024/07/02/intel-co-nasdaqintc-shares-sold-by-hennion-walsh-asset-management-inc.html