Lloyd Advisory Services LLC recently acquired 27,395 shares of Intel Co. stock during the first quarter, totaling approximately $1.21 million. Other institutional investors and hedge funds also made purchases of INTC shares, with AdvisorNet Financial Inc, CHICAGO TRUST Co NA, Ballentine Partners LLC, Walker Financial Services Inc, and Security Financial Services INC all increasing their stakes in the chip maker.
Analysts have set new price targets for INTC stock, with various ratings and price adjustments from StockNews.com, Barclays, TD Cowen, JPMorgan Chase & Co., and Bank of America. The consensus rating for Intel is “Hold” with an average price target of $39.58.
Intel CEO Patrick Gelsinger made several stock purchases in April and May, acquiring thousands of shares of Intel stock in different transactions. Insiders currently hold 0.04% of the shares.
Intel shares fell 1.2% during trading hours, with a market capitalization of $130.78 billion and various financial indicators. The company recently reported quarterly earnings and declared a quarterly dividend.
Intel Corporation is a global company that designs, develops, manufactures, and sells computing and related products and services. The company operates through different segments and offers a range of products to customers worldwide.
For more information on Intel Co. and other hedge fund holdings, readers can visit HoldingsChannel.com. MarketBeat provides instant news alerts and analysis on market trends and stock performance, utilizing narrative science technology. Readers can access additional reports and insights on top-performing stocks recommended by analysts in the industry.
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