Capital Advisors Ltd. LLC decreased its holdings in Intel Co. (NASDAQ: INTC) by 12.6% in the first quarter, according to their recent Form 13F filing with the SEC. The fund sold 688 shares and now owns 4,752 shares of the chipmaker, valued at $210,000 at the end of the reporting period. Other hedge funds also made adjustments to their positions in INTC, with Vanguard Group Inc., Capital International Investors, Primecap Management Co. CA, Norges Bank, and Price T Rowe Associates Inc. MD all increasing their stakes.
Intel Co.’s shares opened at $31.07, with a market capitalization of $132.26 billion. The price-to-earnings ratio is 32.36, the PEG ratio is 14.76, and the beta is 1.05. The company’s 50-day and 200-day moving averages are $31.01 and $39.36, respectively. Intel Co. has a quick ratio of 1.14, a current ratio of 1.57, and a debt-to-equity ratio of 0.43. The 52-week low for Intel Co. is $29.73, and the high is $51.28.
In their latest quarterly results, Intel Co. reported earnings per share of ($0.06), missing analysts’ estimates by ($0.03). The company had a net margin of 7.36% and a return on equity of 2.19%. Revenue for the quarter was $12.72 billion, slightly below expectations. Intel Co. announced a quarterly dividend, with shareholders receiving $0.125 per share on June 1.
CEO Patrick P. Gelsinger made insider purchases of Intel Co. stock on May 1 and April 29, acquiring a total of 8,100 shares. Analysts have varied opinions on INTC stock, with some downgrading their price targets due to recent performance. Three analysts have rated the stock as a sell, while five have rated it as a buy.
Intel Corporation operates globally, designing, manufacturing, and selling 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. Want to see which other hedge funds own INTC stock? Visit HoldingsChannel.com for the latest filings and insider trading updates.
Overall, Intel Co. has seen changes in its holdings by various hedge funds, with some increasing their stakes. The company’s recent performance and analyst ratings have led to mixed opinions on its future outlook. CEO Patrick P. Gelsinger’s insider trading activities also reflect a positive sentiment towards the company. Intel Co.’s dividend payments and financial results remain key factors to watch for investors in the coming quarters.
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