Oak Asset Management LLC has increased its stake in Intel Co. by 0.4% during the first quarter, according to a recent filing with the Securities and Exchange Commission. The fund now owns 134,058 shares of the chipmaker, making it the 12th largest holding in their portfolio. Other hedge funds and institutional investors have also made changes to their positions in Intel. New Millennium Group LLC, Frazier Financial Advisors LLC, Burkett Financial Services LLC, Raleigh Capital Management Inc., and Valued Wealth Advisors LLC are among those who have either increased their holdings or bought new positions in Intel.
Intel’s performance and price show that the company’s actions opened at $30.97 on Monday, with a market capitalization of $131.84 billion. The company’s 50-day moving average price is $31.08 and the two hundred day moving average price is $39.46. Intel also recently announced its quarterly earnings results, reporting earnings per share that missed analysts’ consensus estimates. The company had revenue of $12.72 billion during the quarter.
In terms of dividends, Intel also announced a quarterly dividend payment, with shareholders receiving $0.125 per share. The ex-dividend date for this dividend was May 6. Analysts have set new price targets for Intel, with varying ratings ranging from sell to buy. CEO Patrick Gelsinger has been actively purchasing shares of Intel, with several transactions reported in recent months.
Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services globally. The company operates through various segments, including Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services. Insider activity shows that 0.04% of the shares belong to company insiders.
Overall, Intel is facing mixed reviews from analysts and shareholders, with varying price targets and ratings. The company’s performance and financial results will likely continue to impact its stock price in the future.
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https://www.defenseworld.net/2024/07/01/oak-asset-management-llc-buys-513-shares-of-intel-co-nasdaqintc.html