LVW Advisors LLC has increased their holdings in Intel Co. by 32.6% during the first quarter, according to a recent filing with the Securities and Exchange Commission. The institutional investor now owns 11,479 shares of the chipmaker, valued at $507,000. Other hedge funds have also made changes to their positions in Intel, with Ironwood Financial llc, Red Door Wealth Management LLC, Avalon Capital Management, Cornerstone Wealth Group LLC, and New Mexico Educational Retirement Board all increasing their stakes in the company.
In insider trading news, Intel CEO Patrick P. Gelsinger purchased thousands of shares of the company’s stock in May. On Tuesday, Intel Co. shares opened at $30.84, with a market cap of $131.29 billion. The company’s recent quarterly earnings data showed a loss per share of $0.06, missing analysts’ estimates. Intel also announced a quarterly dividend, with shareholders receiving $0.125 per share.
Wall Street analysts have given a variety of ratings and price targets for Intel stock. Benchmark reaffirmed a “buy” rating with a $62.00 price target, while others like Sanford C. Bernstein, Truist Financial, and Wolfe Research have issued different ratings and price targets. Overall, analysts have rated Intel stock as “Hold” with a consensus target price of $39.58.
Intel Corporation operates globally and offers a range of computing and related products and services. The company’s segments include Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services. Their product portfolio includes central processing units, chipsets, SoCs, processors, hardware products, memory and storage, connectivity and networking, and other semiconductor products.
In conclusion, Intel has seen changes in institutional investor holdings, insider trading activity from the CEO, fluctuating share prices, mixed earnings results, dividend announcements, and varying analyst ratings. Intel continues to operate in the technology sector, offering a diverse range of products and services to their global customer base.
Overall, the company’s performance and future outlook are being closely monitored by investors and analysts in the market.
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