Hexagon Capital Partners LLC reduced its stake in Intel Co. (NASDAQ:INTC) by 13.9% in the first quarter, according to the company’s latest 13F filing with the Securities and Exchange Commission. The institutional investor sold 1,212 shares, leaving them with 7,527 shares of the chipmaker, valued at $332,000. Other institutional investors have also made moves with Intel stock, with Barrett & Company Inc., Revolve Wealth Partners LLC, New Millennium Group LLC, Waldron Private Wealth LLC, and Spreng Capital Management Inc. all adjusting their positions.
In related news, CEO Patrick P. Gelsinger purchased 4,100 shares of the company’s stock, valued at $124,189.00. This purchase brings the CEO’s total shares to 39,375, with a value of approximately $1,192,668.75. Additionally, Wall Street analysts have differing opinions on Intel’s stock, with multiple rating adjustments and price target changes. The consensus rating for Intel is currently “hold” with an average price target of $39.58.
Intel’s stock performance has seen fluctuations, with the company reporting quarterly results that missed analyst estimates. The chipmaker reported a negative EPS for the quarter, along with revenue slightly below expectations. Despite this, analysts anticipate EPS of $0.09 for the current fiscal year. Intel has also announced a quarterly dividend, with shareholders receiving $0.125 per share. The company’s payout ratio is 52.08%.
Intel Corporation operates globally, designing, developing, manufacturing, marketing, and selling computing and related products and services. The company’s product portfolio includes CPUs, chipsets, SoCs, mobile and desktop processors, hardware products, memory and storage, connectivity and networking, and other semiconductor products.
Overall, Intel’s recent activities indicate movement within institutional investments and CEO share purchases, as well as fluctuating stock performance and analyst opinions. While the company faces challenges with quarterly results, the long-term outlook for Intel remains uncertain.
Intel Co. shares opened at $30.84 on the NASDAQ, with a market cap of $131.29 billion and various financial metrics indicating stability amidst market fluctuations. The company’s diverse product portfolio and global presence position it as a key player in the technology industry.
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